Advizr Blog

Advizr Expands Financial Planning Technology Platform With Self-Directed Plans and Implementation Capabilities

~ Advizr Workplace provides financial institutions and advisors the ability to offer self-directed financial plans to mass affluent clients; Advizr Accelerate enables advisors to implement recommendations directly from Advizr

 

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Tags: Features and Skills, Press Release, financial planning

Get ready for the real acceleration of advisory and client engagement

As a result of the lineup of enterprise and institutional clients Advizr brought on board and partnered with over the past year, we became imminently aware of the constraints, pain points, and gaps facing the corporate side of the wealth management industry. It is with these in mind that Advizr will be introducing a new feature set.

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Tags: Insider, Industry Notes, Features and Skills

How to Plan for Clients Overspending or with Unrealistic Financial Goals

The nature of a cash flow-based approach to financial planning, even if it is centered around the client’s goals, means that any platform assisting in the creation of such a plan should account for a few realities that clients often face, such as what to do about current overspending in a budget or unrealistic goals based on the ability to save towards those goals. In each of these cases, the client ends up with one or more time periods in which they have negative net cash flow. You as the advisor need to decide what to do about the negative cash flow, and at Advizr, we’ve recently given you another tool to help with this decision making process: a simulated loan that can illustrate what it might mean to debt finance the negative cash flow. How is this tool best used? Let’s look at a few examples.

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Tags: Features and Skills, Case Study, Practice Management

Optimizing your financial planning onboarding process

Expert-level financial planning that is intuitive and not a laborious or onerous task. This is core to what Advizr began with and focuses on when we look at the independent channel of the advisory space. Now, as demand from enterprises and institutions for our system grows, we began to ask the underlying reason for this demand. The recurring theme we uncovered is this key core concept: our discovery and profile process.

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Tags: Features and Skills, Practice Management

Building the Optimal Tech Stack

The single most important concept underpinning an advisor’s tech-stack today is interconnectedness. We know this both from a data science standpoint and from a constant stream of anecdotal reporting. Without this easily spoken and hard to create capacity, the advisor and their firm can have a stable of state-of-the-art components from the best technology vendors and fin-tech companies on the market, and none of it will matter to them or their clients if it does not communicate within their tech stack.

An oft cited refrain is inevitably a variant of the following: my client entered some data in a PDF that my assistant fed into our financial planning software but, as that does not feed to our CRM, the data had to be entered again there, and then when the client called with updated data it did not feed back into my planning software which meant that our performance reporting software was reporting stale data into the client’s presentation…

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Tags: Industry Notes, Features and Skills

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