PlanPlus Inc. has now made it easier for advisors to offer more tailored advice and planning solutions to their clients, with the release of a new review process module within its financial planning program.
The new module is called the “Progress & Accountability Review Process” and was rolled out through Investment Planning Counsel on March 1 to its group of 900 advisors.
“The Progress & Accountability Review Process enables advisors to review all major aspects of a client’s financial plan from a single platform,” said Shawn Brayman, president of PlanPlus. “This includes reviewing an investor’s net worth and cash flow, savings and debt repayment plans, as well as their investment and insurance needs.”
Advisors can now use the new process to capture a snapshot of their client’s financial situation over single or multiple time-periods. By capturing information from historical plans and accounts, they can easily determine if their client has been following an established savings or debt repayment plan.
The introduction of the Accountability & Review Process module follows a 12-month collaborative effort with IPC to design a review process that is both functional and effective, and which allows advisors to effectively track their client’s progress and measure trends and results over multiple review periods.
“What distinguishes the [new module] from other review solutions is its ability to capture, evaluate and review all aspects of an investor’s financial well being,” said Reggie Alvares, executive vice-president of operations at IPC. “It is a leading initiative and one of the most comprehensive review processes available in the market today.”