Conclusions
Flexible planning meets the client where they are,
whether it's micro to complex planning, and is critical
to meeting today's client expectations.
Key considerations
Practice management application
Embracing modular planning allows advisors to deliver
the right amount of planning to each client.
Planning to execution
The integration of technology into the wealth
management process is critical for demonstrating value
to clients. By seamlessly connecting financial planning
and execution systems, advisors can walk clients
through every aspect of the planning process, while
simultaneously crafting effective investment strategies
that align with their goals and aspirations—and they
can then execute on them within the same platform.
Scalable technology can enhance outcomes for end
clients with human-centric advice at the center.
Next-best actions
Data analytics plays a pivotal role in uncovering new
opportunities. By leveraging insights from aggregated
accounts and plan data, advisors can identify plans that
may need their attention and then recommend tailored
strategies. These opportunities may include addressing
life insurance gaps, clients with children but do not have
a 529 account set up, clients nearing retirement and
their potential tax planning strategies.
12 FOR HOME OFFICE AND ADVISOR USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.
