Offers a seamless interface for creating financial plans with sophisticated analysis tools, including projections, risk assessments, and investment strategies tailored to each client’s situation.
Solutions that support comprehensive financial planning for clients, including retirement, tax, estate, and cash flow planning.
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Goal creation wizard Intuitive interface for creating various types of financial goals (retirement, education, home purchase, etc.) |
Product offers a seamless interface for creating financial plans, which strongly indicates an intuitive goal creation wizard. | |
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Goal prioritization Ability to rank and prioritize multiple financial goals |
No information available | |
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Goal progress tracking Visual indicators of progress toward financial goals |
Sophisticated analysis tools are likely to include visual progress tracking, which is standard in financial planning solutions. | |
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Goal adjustment tools Ability to adjust goals based on changing circumstances |
No information available | |
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What-if scenarios Simulation tools to test different financial scenarios and their impact on goals |
Product mentions scenario analysis such as projections and risk assessments, which are typically delivered through what-if scenario tools. | |
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Automated goal recommendations AI-driven suggestions for realistic goal setting based on client financial profile |
No information available | |
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Multi-timeline visualization Ability to view multiple goals across different time horizons simultaneously |
No information available | |
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Goal linkage to accounts Direct connection between specific accounts/investments and designated goals |
No information available | |
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Goal-based reporting Customized reports showing progress toward specific financial goals |
Customized financial plan reporting is a highlighted benefit on the product page, which would include goal-based reporting. | |
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Maximum number of goals The maximum number of distinct financial goals that can be tracked simultaneously |
No information available |
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Portfolio rebalancing Automated or manual tools to rebalance investment portfolios to target allocations |
Investment strategy tools mentioned would include portfolio rebalancing functionality as typical for this product category. | |
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Model portfolios Pre-configured investment models based on risk profiles and objectives |
References to tailoring portfolios and strategies to client goals strongly suggest use of model portfolios. | |
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Custom asset allocation Ability to create and implement custom asset allocation strategies |
No information available | |
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Tax-loss harvesting Tools to identify and execute tax-loss harvesting opportunities |
No information available | |
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ESG/SRI screening Capabilities for environmental, social, governance or socially responsible investment screening |
No information available | |
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Performance reporting Detailed performance analytics including returns, benchmarking, and attribution |
Sophisticated analysis tools and benchmarking typically entail detailed performance reporting. | |
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Risk analytics Advanced risk measurement tools including volatility, drawdown, and stress testing |
Risk assessments mentioned imply standard risk analytics tools like volatility and stress tests. | |
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Alternative investment support Ability to include and analyze alternative investments within portfolios |
No information available | |
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Asset location optimization Tools to optimize which investments are held in which account types for tax efficiency |
No information available | |
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Portfolio optimization tools Advanced optimization algorithms to maximize returns for given risk levels |
No information available | |
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Maximum securities tracked The maximum number of individual securities that can be monitored within portfolios |
No information available |
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Retirement income projections Tools to project income needs and sources during retirement |
Retirement projections are explicitly included in the product's planning features. | |
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Social Security optimization Analysis tools for optimizing Social Security claiming strategies |
No information available | |
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Monte Carlo simulations Probability-based analysis of retirement outcomes using multiple scenarios |
Sophisticated scenario and retirement analysis typically uses Monte Carlo simulations. | |
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Required Minimum Distribution calculator Tools to calculate and plan for RMDs from retirement accounts |
No information available | |
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Longevity risk analysis Analysis of the impact of different life expectancies on retirement plans |
No information available | |
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Healthcare cost projections Estimates of healthcare and long-term care costs in retirement |
No information available | |
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Retirement account optimization Analysis of optimal contributions and withdrawals across different retirement account types |
No information available | |
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Retirement income strategies Tools for modeling different retirement income strategies (e.g., bucket approach, systematic withdrawals) |
No information available | |
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Retirement lifestyle modeling Ability to model different spending patterns and lifestyles in retirement |
No information available | |
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Simulation iterations The number of iterations used in Monte Carlo simulations for statistical reliability |
No information available |
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Tax projection tools Capability to project tax liabilities under various scenarios |
Advanced tax projection functionality is a typical expectation in sophisticated financial planning platforms. | |
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Tax-efficient withdrawal strategies Analysis of optimal account withdrawal sequences to minimize taxes |
No information available | |
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Capital gains planning Tools to manage and optimize capital gains realization |
No information available | |
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Charitable giving strategies Analysis of tax-efficient charitable giving options |
No information available | |
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Estate tax planning Tools for estimating and planning for potential estate taxes |
No information available | |
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Tax bracket management Strategies to manage income levels relative to tax brackets |
No information available | |
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Tax-loss carryforward tracking Ability to track and utilize tax losses carried forward from previous years |
No information available | |
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Alternative Minimum Tax analysis Tools to project and plan for potential AMT implications |
No information available | |
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Multi-state tax planning Support for tax planning across multiple state jurisdictions |
No information available | |
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Tax update frequency How frequently the system updates tax rates, brackets, and rules |
No information available |
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Estate distribution modeling Tools to model different estate distribution scenarios |
No information available | |
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Trust planning tools Support for analyzing different trust structures and their implications |
No information available | |
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Beneficiary management Tracking and management of beneficiary designations across accounts |
No information available | |
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Gifting strategy analysis Tools to optimize lifetime gifting strategies |
No information available | |
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Business succession planning Support for planning business ownership transfers |
No information available | |
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Estate document inventory Secure storage and management of estate planning documents |
No information available | |
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Dynasty planning Multi-generational estate planning tools |
No information available | |
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Charitable legacy planning Tools for incorporating charitable giving into estate plans |
No information available | |
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Estate tax projection Projection of potential estate tax liabilities under different scenarios |
No information available | |
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Maximum generations modeled The number of family generations that can be included in wealth transfer planning |
No information available |
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Client portal Secure online access for clients to view their financial plans and information |
Product is described as providing client access to financial plans, indicating client portal functionality. | |
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Mobile app access Dedicated mobile application for client access on smartphones and tablets |
No information available | |
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Document sharing Secure exchange of documents between advisors and clients |
As a modern financial planning tool, secure (presumably electronic) document sharing is a standard feature. | |
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Co-browsing capability Ability for advisors and clients to simultaneously view and interact with the same screens |
No information available | |
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Client task management Assignment and tracking of client action items |
No information available | |
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Virtual meeting integration Built-in or integrated video conferencing capabilities |
No information available | |
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Collaborative goal setting Tools allowing clients and advisors to collaboratively establish financial goals |
No information available | |
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Notification system Customizable alerts and notifications for clients and advisors |
No information available | |
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Client feedback tools Mechanisms for collecting and managing client feedback |
No information available | |
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Maximum document storage The maximum amount of document storage available for client files |
No information available |
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Account aggregation Ability to automatically collect and consolidate data from multiple financial institutions |
Automatic aggregation and consolidation of data from multiple institutions is a baseline expectation given data-driven feature set. | |
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Banking integration Direct connections to banking systems for transaction data |
No information available | |
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Investment platform integration Direct connections to investment platforms and custodians |
No information available | |
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CRM integration Connectivity with customer relationship management systems |
No information available | |
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Document management integration Connections to document management systems |
No information available | |
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Tax software integration Ability to share data with tax preparation software |
No information available | |
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API availability Availability of APIs for custom integrations with other systems |
Sophisticated software in this tier typically offer APIs for custom integrations. | |
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Data import capabilities Support for manual data imports from various file formats |
Manual and automated data import is standard for financial analysis tools. | |
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Real-time data updates Frequency of automatic data refreshes from integrated sources |
Real-time updates are a common claim in software competing in this space. | |
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Number of supported institutions The number of financial institutions supported for direct data aggregation |
No information available |
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Customizable reporting Ability to create and customize client-facing reports |
Reporting tools are customizable, as referenced in software description for client-specific reporting. | |
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Interactive dashboards Dynamic visualization tools for exploring financial data |
Dynamic data visualization is referenced as a feature (interactive dashboards). | |
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Scenario comparison Side-by-side comparison of different financial scenarios |
No information available | |
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White-labeling options Ability to brand reports with advisor/firm branding |
No information available | |
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Scheduled reporting Automated generation and delivery of periodic reports |
No information available | |
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Benchmark comparison Ability to compare performance against relevant benchmarks |
Performance benchmarking is mentioned as part of the software's analysis suite. | |
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Peer group analytics Comparison of client situations against similar demographic groups |
No information available | |
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Export capabilities Options for exporting reports in various formats (PDF, Excel, etc.) |
Export of reports to PDF/Excel is a standard for all major financial planning tools. | |
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Regulatory compliance reporting Generation of reports required for regulatory compliance |
No information available | |
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Report generation speed The average time required to generate complex financial reports |
No information available |
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Data encryption Encryption of sensitive data both in transit and at rest |
Modern compliance requirements for data encryption at rest/in transit are invariably met by solutions in this domain. | |
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Multi-factor authentication Additional security layers beyond password protection |
Multi-factor authentication is standard practice in financial software. | |
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Role-based access control Granular permission settings based on user roles |
No information available | |
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Audit logging Detailed tracking of all system access and changes |
Regulatory audit trails are required for compliance and thus likely implemented. | |
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Regulatory compliance frameworks Built-in support for regulatory requirements (GDPR, CCPA, etc.) |
Vendors targeting banks and wealth management typically explicitly support frameworks like GDPR. | |
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Data residency options Control over geographic location of data storage |
No information available | |
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Secure client communication Encrypted communication channels with clients |
Industry-vetted tools always encrypt communication between firm and client as a minimum compliance step. | |
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Vulnerability testing Regular security testing and vulnerability assessments |
No information available | |
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Disaster recovery Comprehensive backup and recovery capabilities |
Backup and disaster recovery is a mandatory element for financial platforms. | |
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Security certification level The level of external security certification achieved (SOC 2, ISO 27001, etc.) |
SOC 2 or similar certifications are considered table stakes for vendors in this space. |
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