Timeline, the sustainable withdrawal rate software created by Abraham Okusanya has raised a seed funding round from a group of private investors.
Founded in April 2017 in response to the Pension Freedoms, Timeline is the sustainable withdrawal rate software used by financial planners in the UK, US and other countries. Timeline uses extensive empirical research, asset class returns, inflation and mortality data to assess how a retirement strategy might fare under various market conditions.
The backers include former Interactive Investor CEO Adam Seale, who will take on the position of Non-Executive Chairman of the software company. Adviser-turned-fintech-investor Jason Butler will become a Non-Executive Director.
Former CEO of Willis International Tim Wright and US financial planner Michael Kitces will also join Timeline’s advisory board, specifically to help shape the firm’s growth strategy in the US and the UK.
Timeline’s CEO Abraham Okusanya said, ‘This is a momentous development for us. Timeline has a unique place in the adviser technology toolkit. It’s the only software that applies extensive empirical data and research to solving the drawdown challenge. We are incredibly excited by the opportunity to take Timeline to more advisers in the UK and the US. This capital and the invaluable guidance of our advisory board will enable us to do that much faster.’
We're Hiring: Retirement Consultant
We are on the lookout for a consultant for Timeline, the software for illustrating sustainable withdrawal strategies in retirement income portfolios.
The ideal candidate currently holds a business development role within financial services. Perhaps you’re looking to ditch lifeco, platform, or asset management dullsville and move instead to a vibrant, startup-esque atmosphere where your personality isn’t tolerated – it’s celebrated.
You may think you can sell ice to Eskimos. But what we’re looking for is someone to work with our software users in a consultative and collaborative way.