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.
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.
We've added two new features to give you more flexibility in generating PDF reports for your clients:
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.
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.
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!
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.
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.
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.
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.
We have added the ability to create a detailed schedule for existing business assets. This allows you to specify the business value, business income, and business distribution for each year. Use our "quick fill options to easily populate schedule values.
We've introduced a new way for you to illustrate managing client spending in retirement! Using dynamic spending strategies, you can show client spending adjusting based on behavioral or market-specific strategies. You can set the strategy as part of the client's retirement expenses in the Profile and/or proposed new strategies in the Retirement action items. You can also customize or add additional strategies in the advisor portal.
As part of this update, we have changed what was previously the Income tab on the Retirement/Analysis screen to the Retirement Details tab, and added a new Retirement Spending chart that you can use to help illustrate the impact of the new strategies on spending.
Please see our Help Center for details on the different strategies!
