Financial Advisers, Transition your Practice to
Affordable, Scaled, and Online Advice
Full Service advice is unaffordable for most, and scaled advice won’t be economic for the adviser with the traditional structured practice.
The new adviser should become a coach and source of reassurance for clients, assisting them to achieve their individual goals.
What your Financial Advice Clients can’t see might be putting the brakes on your business profits . . .
Now you can SHOW your prospects and clients just HOW your advice is
HIGHLY LIKELY to achieve their financial goals – for real.
Let your clients SEE properly with this breakthrough process… …
Are you frustrated with your current financial planning software’s inability to show a complete forecasted outcome of your advice for your clients?
Do you waste valuable time trying to convince prospective clients to accept your SOA, because they can’t really see whether your advice will really deliver what they want?
Do you even find yourself wondering whether your advice really will get your clients to where they want to be in the future? (Ouch!)
Are you experiencing a level of client attrition that is worrying you? Would you like something to give you a fresh “edge”?
Are you actively searching for a way to engage new clients – something that gives you a point of difference from your competitors?
Have you heard that the Financial Planning landscape is changing rapidly, with strong competition from Robo-advice, and that your processes need to be adapted to ensure that self-directed, tech-savvy investors remain interested in your services?
Do you want a higher level of job satisfaction with more fun and deeper engagement during your planning process, and client meetings?
Would you like to have a blueprint to follow for each client’s review meeting for several years into the future?
Would you love to get more (free) referrals from raving fans, rather than having to spend marketing dollars to gain new clients?
You can take your foot off the brakes, and instead fast track your advice
business success by using the power of holistic Advice Modelling as a vital
part of your advice process with. . .
Financial Mappers PRO is Personal Finance Modelling Software that allows you to create “virtual“ investing and retirement income models, in order to see the forecasted future.
The optional PROCONNECT extension allows you and your tech-savvy self-directed clients to collaborate with you within the software.
Our Point of Difference
Other modelling tools model single scenarios, such as “how fast can you pay down this loan” or “what will this asset be worth in 10 years’ time”. Financial Mappers models are COMPLETE multi-year forecasts of your client’s ENTIRE future asset and liability values and cash flows, as a result of all entered buy/sell decisions.
Where else can you firstly enter the desired endgame of your advice for your client, and then at the click of a button, test whether your strategic plan is likely to really reach your client’s objectives?
When the plan is adjusted so that the modelled future is what the client wants, the action steps to take each year are clearly reported, and serve as a blueprint for you and your client to follow at future annual reviews.
This cloud-based modelling software runs on all devices, and requires no connection to actual bank or loan accounts. The initial information entry about your client’s current financial position is simple and the comprehensive model calculations are performed when you hit the enter button.
Enter your client’s current financial situation, their goals and your strategy to achieve them. Vary the elements of that strategy as many times as you like, using multiple models if you want to compare each of them.
Do your modelling independently, and include the results in your SOA, or, you may wish to collaborate with your client and have them review the model with you as you create it, either in your office, or via and online meeting with screen sharing capabilities.
You can invite client collaboration by shared usage of the software via the optional PROCONNECT feature.
Plans and their models can be shared back and forth between you and your client, using a controlled pathway. You can each contribute your ideas and fine tune the overall strategy together.
This allows your self-directed and tech-savvy clients to get involved with the fine details of their plan, and have more informed conversations with you about it.
Imagine. . . . .
- Adding this modelling as a service to existing clients
You send an email to your existing clients, offering the service of financial modelling, to show them a way to design an even better future. You offer them the usage of a Financial Mappers Account, with their current position already entered (from your Fact-Find records).
Those who respond take a copy of your starting information, making their own “plan”, entering additional personal goals, and investment goals. They then adjust their budget and amount of funds allocated to investing, and see immediately where that could take them. They call you for a review meeting to discuss additional investing.
- Using this modelling as a drawcard to attract a new type of client.
You advertise a new Service in which self-directed tech savvy investors can utilise the software you provide (your custom branded version – Financial Mappers PRO) to enter their current financial position, their goals, and their own ideas about an investing strategy.
Those who take you up on this get started with Financial Mappers, for a small fee, (and no advice yet) and – after creating a plan – start calling you about what actual cash accounts, bonds, shares, or funds to invest in, now that they can see where investing in these over several years will take them.
You start booking loads of meetings that will lead to first-time SOA’s for these new clients.
- Using the budgeting feature of this software, to show clients how much extra they could invest each year and where this could take them.
You run a webinar in which you show clients how to use the budgeting feature of Financial Mappers, to plan personal spending for several years into the future. You show them how they can plan for a great lifestyle AND allocate money for investing.
When you show them how either earning a bit more, or spending a bit less, and sending the additional funds over to be invested – makes a significant difference to their future prospects, you start getting loads of emails about using Financial Mappers (via PROCONNECT), and further investing.
- Having a well-defined process for your client reviews, involving checking their actuals against what their plan was for the past year.
After you finalize a plan in Financial Mappers for several years’ duration, there is now a recipe to follow for each of those years, by you and your client. This means that there is a standard procedure to follow at your annual or 6 monthly review meetings.
You will be checking what has been done, to see if it matches the plan, and also taking a closer look at what the next steps are. What assets need to be purchased, with what amounts of money, and which actual products will be chosen…
|Software interface customized with your Business Branding|
|Your branded version of the software has your default rates (inflation, interest, returns etc) applied.|
|Customized Reports can be created for exclusive use of your business|
|Advisers can share client plans with paraplanners within the software, for combined plan development|
|Training – provided by online recorded materials,|
|Advisers can invite clients (and prospective clients) to use their own business branded Financial Mappers account, and share plans within the software.|
|Pricing,||Annual service fee + per adviser usage fees. (Billed monthly)||Annual service fee + per adviser usage fees + individual client account fees|