Transcript FP Solutions Advanced

What Do You Need
from
Financial Planning
Software?
FP Solutions
Four levels of planning power
to meet the needs of any
practice.
Business
Advanced – Cash flow
Plus – Insurance needs analysis
Basic – Retirement planning & Sales concepts
FP Solutions Basic
Single Needs, Concepts and Retirement Planning
• RRSP / RRIF
• Life Insurance
• Education
Savings
• Pension and
Annuities
• T1 General Tax
• Financial
Calculators
• Solve Functions
• Mutual Fund
Import
FP Solutions Plus
Goal Based Personal Financial Planning
•
•
•
•
Retirement Capital Needs
Survivor Capital Needs
Estate Capital Needs
Disability Capital Needs (DI, CI,
LTC)
FP Solutions Advanced
Cash Flow Based Personal Financial Planning
•
•
•
•
•
Detailed Cash Flow Projections
Detailed Net Worth Projections
Change in Financial Position
Planning Assistant
Planning Strategies
FP Solutions Business
Integrated Corporate Financial Planning
• Holding & Operating Companies
• Corporate Owned…
– Life Insurance
– Investments
– Real Estate
• CDA & RDTOH Calculations
FP Solutions Top 10
1. T1 Tax Calculations 6. Planning Strategies
2. Fact Finder
7. Planning Concepts
3. Annual Review
8. Value of Advice
4. FP Focus
9. Customization
5. Planning Assistant
10. Software Support
#1 T1 Tax Calculations
General Income
Tax and Benefit
Guide
• Highest
standard in
Industry
• Calculated based
on CRA
guidelines.
• No assumptions
#2 Fact Finder
•
•
•
•
•
•
Fully integrated
Easy to use
Printable
Email to client
Saves time
Financial Snapshot
Displays
current
position
Shows
retirement
income excess
or shortfall
Shows need
for life
insurance
#3 Annual Review Tool
• Displays existing
data
• Fully integrated
• Highlights
changes
• Easy to use
• Saves time
Annual
Review
Tool
Fast Easy
Review
Process
#4 FP Focus
• Executive summary
• Easy for clients to
understand
• Flexibility to
change graphs on
the fly.
Sample Graph – FP Focus
Sample Graph – FP Focus
#5 Planning Assistant
7 Step Wizard
 Guides thru
Plan Process
 Tips on Planning
Strategies
 Your Expert
Guide
#6 Planning Strategies
• 20 Strategies covering
common areas
including:
– Income Splitting
– Retirement Strategies
– Tax Planning
– RRSP / RRIF
– Investment Strategies
– Pension / LIRA
#7 Planning Concepts
Stand-Alone or Build into Plan
•
•
•
•
•
•
•
Estate Multiplier
Insured Annuity
Retirement Leverage
RRSP Strategies
RRSP Leverage
Income Comparison
Debt Consolidation
•
•
•
•
•
•
Terminal Return
Tax Freedom Day
Tax Funding Alternatives
Investment Strategies
Investment Leverage
Lost Opportunity Cost
Shows
impact
taxes will
have on
estate
Choose
assets that
need
protection
Motivates
better tax
planning
Shows tax
liability
payable on
second
death at life
expectancy
#8 Value of Advice
& Return on Advice
• Validation of Plan
• Integrates fees into
plan
• Shows Financial
Plan as best
investment clients
can make
Shows
Value of
Advice
and
Financial
Planning
#9 Customization
• Custom Documents
Easy to use
Any Document
Any Graphs
Branding
Custom
formulas
• Client Reports
Personalized
Fine tuned
Permanent
record
Email
#10 Software Support
FREE
• 1 800 263-4983
– 8:00 AM to 8:00 PM
• www.training.cch.ca
– Live web classroom
– Interactive tutorials
– Knowledge base
• Workshops