By Dustin Alga, Client Services Representative
Communicating complex financial concepts clearly so clients can easily understand data and reports is what all financial advisors want. Confused clients don’t take action and follow recommendations, and when clients are confused and don’t understand how the recommendations fit their goals and objectives, trust in you is questioned. For these reasons, using the right reports to communicate with clients is critical.
We notice many advisors relying upon Zoomer for a high-level financial overview and use standard reports to include additional recommendations in specific planning areas such as risk management/insurance and estate planning. While Zoomer is a smart choice for broad updates, the standard reports for additional recommendations in specific planning areas, with information running up to 150 pages, may not provide you with the focused information you need to clearly highlight specific areas to your clients.
Flexibility is built into MoneyGuidePro reporting. Much like Excel, MoneyGuidePro can as basic or complex as your needs demand. It can calculate simple projections on the growth of an individual asset or do complete financial plans including estate and risk management analysis. You have the ability to make it as powerful as you want, with the option to create customized reports specific to specialized, sophisticated areas of planning. You can choose plan detail pages to refine the reports to match exactly what you need to present to your clients. Detail pages, report sections, format, order, etc.- are all available to build reports exactly to your needs.