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.
Penalty-free NUA distribution
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.
Re-order Models
New
We've added the ability to drag-and-drop models in the Advisor Portal / Models tab. You can reorder the Portfolios, Glide, Scenarios, Vesting, and Retirement Spending strategies to customize the order in which they appear. The new order will then be seen when you go to apply a model within the client's plan.
Planning Access & Snapshot templates
New
We've added a new Templates tab in the Advisor Portal / gear menu where you can create Report, Planning Access, and Snapshot templates!
Snapshot templates allow you to pick the widgets, their order, and any custom text that you wish to include as part of the Snapshot. Once you've saved your template click 'Apply template' and select the clients that you want to use the template.
Planning Access templates let you define the modules your clients will have access to and the order of the modules in the navigation menu. Templates can then be applied directly in the client's Planning Access tab.
As part of this update, you can also assign default templates for new clients and prospects from the Client Groups tab.
Holdings based model portfolios
New
We've added the flexibility to create model portfolios based on specific Morningstar securities. When customizing the model portfolio, simply change the model type to 'Holdings based' and click the 'Edit holdings' button to enter individual holdings and the allocation % of each one.
Concentrated position in stock plan
Improvement
The value of shares held within a stock plan account is now included as part of the Concentrated Position analysis.
If the stock is publicly-traded, it will be identified as a concentrated position when it exceeds 5% of the entire portfolio.
Allianz API integration beta
New
Integration with Allianz API is available in Beta testing mode. Integration with Allianz allows you to link Allianz annuity and insurance accounts to client plans. To set up the Allianz API integration, visit the Integrations page in the advisor portal.
Organization level assumptions now available!
New
Firms can now have additional controls over assumptions used by advisors that are part of the organization. If elected, this includes the ability to set organization-specific return assumptions and to create organization-specific models. To learn more about this feature reach out to your sales rep!
Roth conversion flexibility
New
By popular request, we've given you more flexibility when proposing Roth conversions to clients. You can now select the withdrawal strategy that is used for comparison and specify the timing for conversions.
To update the starting year and ending year for Roth conversions click the 'Edit' button in the Tax / Distribution screen. Learn more about our Distribution and Conversion tool in the Help Center.
ClientWorks SSO enhancement
Improvement
The Single Sign-On (SSO) with ClientWorks has been enhanced to add a client-level SSO. This allows you to open a household in ClientWorks and SSO into that household in RightCapital.