Resource Center

Product Release: February 2018

We refreshed the input method to create a simpler and more intuitive approach to getting the retirement planning process started.

Adding goals, insurance policies, and liabilities is now easier and faster, paving the way for you to deliver more comprehensive recommendations at any time.
The new Retirement Workflow will be available to your clients in April. However, Advisors can access it today. We staged the rollout this way to ensure you have a chance to “road test” it first and provide us with any feedback before the client launch.

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The new Retirement Workflow will be available to your clients in April. However, Advisors can access it today. We staged the rollout this way to ensure you have a chance to “road test” it first and provide us with any feedback before the client launch.

Lump Sum pensions now roll automatically into Traditional IRA accounts and are immediately recorded within the Cash Flow Statement and Balance Sheet.
Input within Other Assets:

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Cash Flow View:

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Balance Sheet View:

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Preparing to sit down with a client can mean pouring over a litany of details and that’s assuming the client didn’t leave any specifics out during the initial consultation. All this means you may offer many different recommendations.

Our team labored and now, we are ecstatic to introduce you to the multiple plan scenario modeler. You can easily be ready for different recommendations to suit your clients comfort level, changing circumstances, etc. Some key benefits:  

  • Utilize different What If’s
  • Quickly build and save new plans as needed
  • Generate reports & action steps for your desired scenario
  • Share these different plans with your clients in-person or online, via the Client Portal

To create a new scenario, simply make your desired changes to the What If’s page, then click Save New Plan. Additional scenarios will be viewable at the top of this page via drop-down menu.

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Do you have clients with Health Savings Accounts (HSAs)? Then we have some good news for you! Advizr will now automatically earmark those accounts to a Health Care goal, if and when that goal is selected for the client. In addition, we'll now distribute from the HSA tax-free to help fund the health care goal once the goal goes into effect for the client. 

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If no health care goal is selected for the client, the HSA will continue to be used as a secondary or tertiary funding method according to its placement in the Distributions hierarchy. This hierarchy can be re-ordered via the Distributions tab of the Retirement goal's What Ifs.

Please consult this article to learn about HSA's in Advizr.