New
We've added four new widgets that can be incorporated into the Snapshot! This includes the Total effective tax rate & Retirement income stability ratio key metrics, the Income sources chart, and Education funding analysis for each student.
Snapshot widgets
Social Security comparisons
Improvement
We have enhanced the Social Security module to allow you to select any two filing strategies to see the Annual and Cumulative cash flow comparisons. The Cumulative cash flow chart will now display the break-even point between the two strategies.
As part of this update, we have also added a new Summary tab that shows the total income received from each filing strategy.
Select all action items
Improvement
We've made it easier to add and remove action items across various modules. Simply check the Select all option in the 'Add or remove' drawer to pull in all available items.
Introducing Blueprint
New
Today we're excited to introduce Blueprint, a new interactive tool found under the Profile tab that organizes the client’s data and presents it in various visual layouts. There are three components to the Blueprint that represent the Net Worth, Goals, and Income, Savings, Expenses.
You can quickly view the details that make up each section and use these simple visuals to help your client understand the foundation of their financial plan. Identify any changes and add, edit, or delete inputs directly from the Blueprint.
The Blueprint feature can be shared with clients or you can present the results as part of the PDF report. To learn more visit the Help Center.
Liquidity module enhancements
Improvement
By popular request, we've updated the Liquidity module to provide you with more information and flexibility when discussing the importance of reserving cash funds.
The new Details tab includes the breakdown of monthly expenses and the accounts that make up the client's current liquidity. You can also propose an additional expense buffer in the action items to increase the client's liquidity target.
Maximum contributions in action items
Improvement
You can now propose maximum contributions to various tax-advantaged accounts in the Retirement Analysis and Insurance action items sections. If your client is already maxing out their contributions, you can adjust the slider bar and propose a dollar savings amount instead.
Notification Center
New
Today we've introduced the Notification Center 🔔 within the Advisor Portal where you can view alerts for specific actions taken by your clients, important task notifications, and RightIntel Key Events.
The Notification center can be customized so that you are in control of the type of alerts you receive and how those alerts are delivered. Stay informed of activities such as when your client uploads important documents to the vault or when new prospects sign up using your leads link. To learn more visit the Help Center.
Additional details for Life Insurance
Improvement
To help your clients better understand the insurance analysis results, you can now see the Addition to accounts, Required minimum distribution, Withdrawal from accounts, and Net cash flow tables in the Life Insurance Details tab.
Penalty-free NUA distribution
New
When entering an Income / Distribution card to illustrate NUA distribution strategies from the Client's 401(k) account, you can now specify the taxation as penalty-free.
Identify planning horizon in cash flow tables
Improvement
To make it easier to identify your client's planning horizon in various cash flow tables, we've updated the 'Age' column to remove the client's age after they've reached the projected life expectancy.