By Dustin Alga, Client Services Representative
Our philosophy is that financial planning should be fun. Helping clients build a future life custom-tailored to their personal wants and desires is exciting when they are actively involved in the process. In matching the tone of our philosophy of financial planning, we've developed certain terminology that you'll find used throughout MoneyGuidePro. Let's clarify the meaning of some of our common terminology.
SMARTware- MoneyGuidePro isn’t software. It’s Financial Planning SMARTware®. The default settings built into MoneyGuidePro are intuitive to the needs of the financial advisor and the planning process. Rather than leaving advisors in the dark, the system has defaults automatically input that have strong assumptions and allow a solid starting point for their plans.
SMART Portal - SMART Portal evolved from SMARTware as a SMART way to provide access to clients’ financial plan. In addition, the plan can be shared with external parties involved in the planning process. Often times, the best planning is a collaboration among the clients’ professionals: the financial advisor, estate attorney, CPA, etc. With SMART Portal, the advisor controls the access to the plan. Smart, huh?
SuperSolve® - SuperSolve® takes underlying plan data inputs and automatically solves for a potential results for the client. The system will increase savings, delay retirement, or reduce the amount of money spent on goals. All of the modifications depend on the inputs that you have previously entered into the system.
My Snapshot - Exactly as it says, My Snapshot (right) gives the client a quick snapshot of their current plan status at a given point in time. It can be shared using SMART Portal to allow clients quick access to their plan results at any time they desire. It also includes Play Zone® and What Are You Afraid Of? modules giving the client the ability to modify different basic inputs and solve for new results without impacting the original recommended plan.
Play Zone® - With user-friendly sliders, clients can play around with various plan inputs in Play Zone®, such as, “What if I get a 15% rate of return?”, or, “What happens if I get a big promotion and increase plan contributions 50%?” It can be fun for clients to really imagine their futures and interactively address potential changes to see the impact on their plan.
What Are You Afraid Of? - On the flip side of Play Zone®, this feature (right) allows clients to learn how negative events such as inflation rate increases or reductions in investment returns could potentially impact their financial plan.
My Way® – My Way® gives the advisor a tool to customize what elements of the plan to view. The advisor has the ability to enable or disable certain sections of the plan depending on the planning scenario for each client. This enables the advisor to focus on the elements of the plan that matter in importance for the client such as Life Insurance or Estate.
SmartAlex® - Lost inside MoneyGuidePro and don’t know how to get where you want to go? SmartAlex® knows it all and will guide you on your way. This voice articulated navigation guide is accessible throughout MoneyGuidePro.
Make financial planning fun and exciting for your clients. Don’t be afraid to abandon the classic planning approach where your clients have little to no contributions to the plan. With MoneyGuidePro, you have the tools at your fingertips to turn financial planning into an exciting and fun collaboration with clients.