RightCapital updates
RightCapital updates
www.rightcapital.com

Social Security for divorced/deceased spouse

 

New

  

If single clients may be eligible for Social Security benefits based on the earnings record of an ex-spouse, we can now automatically calculate those spousal / survivor benefits to be included in the client's plan! On the Profile / Income screen, add an Other > Spouse Social Security card to enter details about the divorced or deceased spouse, and we will automatically calculate the relevant benefits.

Distribute investment income each year

 

Improvement

 

 

We've updated the setting that allows you to choose to distribute, rather than reinvest, investment income - you now have the option to start distributing either at retirement or in any year of the plan. Go to the gear / Settings / Methodology tab to adjust this setting for any individual household.

Restrict clients from editing profile data

 

New

 

 

We've added a new client access setting that allows you to restrict clients from editing information in the Profile cards. If this setting is changed, clients can still see all of the details in Profile cards and can still link accounts using account aggregation on the Net Worth screen. Go to the 'Client Access' tab to adjust this setting.

Indexed Variable Annuities

 

New

 

 

We've added support for Indexed Variable ("Buffer") Annuities! You can enter existing indexed variable annuities as investment accounts in the Profile / Net Worth section or propose the purchase of one by adding a new Annuity action item in the Retirement / Analysis section.

PDF report controls

 

New

 

 

We've added two new features to give you more flexibility in generating PDF reports for your clients:

  1. You can now control the order of the sections that you include in the report. On the Report screen, you can click and hold the mouse on any category or section to move the order of the different sections around.

  2. Once you've generated a report for a client, you can save the section order and selections as a template to use with other clients! Simply click the 'Save new template' button to name the template, and you can select it when generating future reports. You can also edit or delete templates in the Advisor Portal / gear / Account / Report templates tab.

Additional preset options

 

Improvement

 

 

You can now set a default retirement spending strategy and/or AUM fee for all new clients you create in RightCapital. In the advisor portal, go to / Account / Client Presets to update any of the preset values for new clients!

Stress market drop at retirement

 

Improvement

 

 

As part of our Stress Test page, we've added the ability for you to illustrate the impact of a market drop in the year your clients retire! To add this option, go to the Stress Test action items and click the 'Edit' button.

Assign tasks to all clients

 

Improvement

 

 

You can now assign a new task or task template to all of your clients at once! From the Tasks menu in the advisor portal, in addition to adding tasks for individual client(s), you can also select 'All clients' to have the task created for any active client.

Pension breakdown

 

Improvement

 

 

You can now see a breakdown of pension accounts into qualified and non-qualified pensions in the Cash Flows section. This includes the accounts section and planned savings/employer match. You can also separately specify distributions from qualified and non-qualified pension accounts. Required distributions will be taken automatically from the qualified pension bucket.

Cashless exercise of options

 

Improvement

 

 

When entering a stock plan in the Profile / Net Worth section, you can now specify a cashless exercise of stock options. When this option is checked, we will sell a specific number of shares to cover the cost of exercise.