The Caravel Story
Twenty years ago, Michael Jones—Caravel’s founder and CEO—served as Chief Investment Officer for the firm that became Wells Fargo Advisors. In that role, Michael helped design and launch the Envision system.
Envision was the first Monte Carlo goals-based planning system deployed by a major investment firm. Within three years, over 500,000 clients received an Envision financial plan.
Although he is proud of the work he did decades ago, Michael was shocked when his advisor offered him a financial plan built with virtually the same technology he had worked on nearly 20 years ago. The reports and features look a little fancier, but the analytical heart of the major planning systems have remained substantially the same since the early 2000s. It's as if car manufacturers spent twenty years designing better cup holders while ignoring the engine and transmission. Caravel believes it is time you got an upgrade.
CMPAS—our asset allocation and financial planning software—applies cutting edge technology and mass customization concepts to financial planning. CMPAS empowers advisors to optimize investment strategies for the specific life goals of each individual client, and makes this customization efficient and easy to execute across even the largest advisory practices. Designed by financial professionals for financial professionals, CMPAS helps you take your advisory process to the next level.
