Uncover opportunities in your planning process and integrate them into your client experience.
Financial Planning optimizes your firm’s approach and execution of the behavioral and emotional side of wealth. Our experience allows us to expose hidden opportunities within your planning process. We cover tool optimization, data gathering and integration into other aspects of the client experience.
Automating your manual proposal generation process can save time, and also create better on-brand and compliant proposals.
A comprehensive financial planning process can lead to stickier relationships with investor clients.
Recently, a large bank wealth management firm that manually generated investment proposals wanted our help in implementing a modern approach. Its lengthy and error prone process of manual data entry into a spreadsheet that calculates investment fees, modeled asset allocation, and analyzed risk tolerance led to proposals that differed from team to team and were not on brand or compliant.
We worked closely with the operations and advisory teams to define proposal requirements, evaluated vendors. With that planning information in place, we selected and implemented a proposal generation system tool that automatically generates analytics for risk, fees, and asset mix and creates consistent, branded and compliant proposals.
By eliminating the manual data entry, the firm immediately began saving time and reducing errors in calculations and dramatically decreased the time to get a proposal to a client. All proposals are now marketing and compliance approved, presentable polished pieces. Advisors are happy to deliver an elevated and consistent experience.
A hybrid broker-dealer/RIA wanted our support as they developed the financial planning aspect of their business. The RIA was a new business unit and they were in the process of developing a comprehensive wealth management platform. They wanted to find the best approach to developing their offering using current tools and wanted guidance on how to unlock value from the tools and deliver financial planning from a business perspective.
Our support helped the hybrid broker-dealer/RIA understand the financial planning process from beginning to end. We asked and answered critical questions that the new business unit could use to drive decision making, such as “what is the value proposition?”, “what can be done with existing tools?”, “how can they maximize the value of a specific tool?”, and “what does it take to implement new financial planning technology?”
At the end of the project, the hybrid broker-dealer/RIA had a more comprehensive financial planning process, supported by the right technology. The process will lead to stronger client relationships, client retention, and unlock opportunities to expand those relationships.
One rapidly growing RIA asked for our support in adding in-depth tax planning, behavioral finance, estate planning, retirement/Social Security planning and stock options management to its core planning tool.
We built the business case for adding specialty services and identified specific technology needs. We then selected several tools to integrate with the core planning system and support the expanded offerings.
With the new specialty planning tools, the firm differentiated their service and expanded client relationships using an integrated, flexible and expandable technology platform. The new offerings did not add significant new manual processes.