![]() You can also change the inflation rate, the state of residence at retirement and designate expenses that end in retirement. If you like, the application can estimate basic or total living expenses for you and populate the fields. For example, in the retirement need, you can create multiple retirement periods, each with a different assumption, or you can create a basic retirement need and supplemental ones with lower priorities. As the advisor, you click on each goal to provide necessary information. Next, each spouse is asked to specify a retirement date and to project their life expectancy.Ĭlients then select goals and drop them into one of three categories: needs, wishes, wants. If clients have trouble identifying concerns, the application offers “the top five concerns for people like you” to get the process moving forward. running out of money, being bored, etc.). start a business, lead an active lifestyle, etc.) and identifies concerns (e.g. Each spouse individually identifies their expectations for retirement (e.g. This ensures that you are addressing the clients’ needs. For those that choose projected, advisor version includes capital market assumptions that are updated regularly by Harold Evensky, CFP, but both advisors and enterprises are able to generate their own.Ī new feature now prompts you to add client expectations and identify concerns. The only thing you may need to enter on the personal information page is the return method to be used (historical or projected). MGP is built to interactively gather the date with the clients but if your prospect/client completed the digital data gathering form, most of the field will already be pre-populated. The application defaults to Retirement (a retirement plan with net worth and insurance), but you can select another conversation. Next, you select the type of plan you want to create. If you are using account aggregation or a portfolio management software integration, the portfolio will be updated to reflect the most recent data available. The prospect pays nothing to attend.Īnother page allows you to access existing clients or add a new one. It is an innovative client acquisition tool priced to the advisor at $75 per attendee. A new addition is access to MyMoneyGuide, which allows you to offer a guided, online introductory planning lab, powered by MoneyGuidePro professionals, to prospects. Here, you have access to tools (financial calculators, Monte Carlo card game, client marketing tool sand questionnaires), administrative settings, and info (support, messages, ordering). Once the prospect becomes a planning client, you have extensive control over what the client can see in the portal and how they can interact with the data.ĭepending on your configuration, you’ll either enter the application through the Main Menu or the My Plans page. The results populate a planning conversation in the advisor’s list of financial plans. ![]() It’s as easy as setting up a log-in for the client, which takes them to a data gathering workflow where they answer questions. The application includes one conversation designed strictly for digital data gathering. MGP: G4 makes it easier than ever to collaborate with prospects and clients. Firms with as few as 20 to 25 advisors may find it a worthwhile investment. You need not be a large enterprise to qualify for an enterprise license. Firms that have enterprise licenses can create their own custom conversations, so an institution’s workflows and deliverables can differentiate from the stock version sold to individual RIA firms. ![]() MoneyGuidePro will create additional workflows at a later date if there is sufficient demand. MGP: G4 comes with five pre-built conversations: Quick Intro, designed primarily for prospecting Retirement Zoomer, a basic retirement plan lite Retirement, Retirement + Estate, and College Zoomer, which only addresses college planning. This minimizes the learning curve for new users, and maximizes usability for current users by guiding them through plan creation. A conversation is a guided path through a number of MGP screens, or a workflow. ![]() This version is designed around what MGP calls “conversations”. ![]() Before we get into the nuts and bolts of the program, there are a few things you need to know. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |