New Versions of NaviPlan Software Coming Soon

Progress reporting tools help advisors build more profitable client relationships

Providing clients with a precise and timely look at their portfolio’s performance is essential to keeping clients and maintaining profitable client relationships.

More than half of all consumers switch their primary financial providers at some point in time (McKinsey 2006 Consumer Retirement Survey).

Employing proven relationship management strategies will invariably increase client satisfaction and retention rates, encourage clients to make you their primary advisor, attract held-away assets, and increase your referral business. In order to retain existing clients, advisors need to provide a level of customer service that makes them nearly indispensible. Meeting with clients periodically to evaluate and fine-tune their financial strategy as the markets and their personal situation changes is the easiest way to do it.

EISI’s latest round of enhancements to NaviPlan software includes progress reporting tools that will help advisors retain more clients and generate more business.

New in NaviPlan

Progress reporting increases client retention – NaviPlan Standard v11.2 now gives advisors the flexibility to make minor updates in the client’s existing plan while maintaining the client’s current goals, which is especially useful at annual review time. Using the Update Plan feature, advisors can revise incomes, expenses, and the current market value of assets, and then illustrate with text and graphics whether the client is still on track to meeting their pre-defined goals in an informative new Progress Report. The Progress Report is an excellent tool for demonstrating year over year progress, comparing outcomes, and flagging opportunities. To help speed the annual review along, a new Plan Review fact finder can be completed by clients in advance.

12 Asset class model more accurately represents your clients’ situation – Both NaviPlan Standard v11.2 and NaviPlan Extended v10.2 have been upgraded from a five to a 12 Ibbotson/Morningstar asset class model, which adds more flexibility and accuracy to asset allocation modeling and the return rate breakdown.

New cash flow indicator improves recommended goal strategies – NaviPlan Standard v11.2 is now equipped with an at-a-glance “traffic light” cash flow deficit/surplus tool on all Scenario Manager pages. This feature uses red and green indicators to help advisors quickly determine if a plan is running a cash flow deficit during the pre-retirement or retirement period which allows for a quick assessment of the feasibility of the recommended strategies for the goal.

Account transfers & redemptions give advisors more flexibility with making retirement distribution recommendations – In a continued effort to enhance the retirement distribution capabilities of NaviPlan software; NaviPlan Standard v11.2 now enables advisors to create account transfer strategies and give their clients more options for solving retirement (also education) goals. Via the Scenario Manager, advisors can either transfer a dollar or percent amount from a Source Account to a Destination Account, or create new accounts to better fund these goals. Also, specific asset redemptions can now be scheduled during retirement; used in conjunction with transfer strategies, this functionality offers more flexibility with retirement distribution planning.

Stay tuned…

NaviPlan Standard v11.2 and NaviPlan Extended 10.2 are scheduled for release in June 2008. To learn more about these and other financial planning software programs, visit the Products & Solutions section of this site.