The QWeMA Group announces the release of QVEL 2.0

TORONTO, Sept. 25 /CNW/ - The QWeMA Group announces the release of QVEL 2.0, software which equips financial specialists with analytic tools to explore and solve the most important questions faced by individuals planning for retirement.

QVEL 2.0 contains a library of 25 high-end mathematical functions that can be used as stand-alone solutions or in conjunction with existing Excel-based financial planning software.

QVEL 2.0 provides a powerful alternative to existing deterministic or Monte Carlo-based retirement income planning approaches. By using QVEL's functions, users can quickly and easily:

    -  Quantify the probability of success for specific investment plans
       within an Excel-based platform.

    -  Evaluate and compare various annuity product strategies to create
       optimal retirement solutions.

    -  Model and evaluate the impact of various spending rates and investment
       allocations on the financial legacy of a proposed financial plan.

    -  Analyze optimal asset and product allocations while accumulating and
       distributing wealth for retirement.

    -  Test the sensitivity of proposed retirement income plans to extreme
       market events.

QVEL 2.0 is available for individual and group licensing, and was developed and is licensed by The Qualitative Wealth Management Analytics (QWeMA) Group. The QWeMA Group creates intellectual property, software algorithms and product solutions in the fields of wealth management, investments and insurance.

The QWeMA Group is privately owned and operated by a group of financial engineers, economic scientists and applied mathematicians; and is headed by Moshe A. Milevsky, Ph.D, associate professor of finance at the Schulich School of Business at York University, Toronto.


For further information: For further information: Alexandra Macqueen, CFP, special project manager at (416) 849-0010 or or visit

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