RightCapital updates
RightCapital updates
www.rightcapital.com

Propose multiple scenarios

 

Improvement

  

We've made it a lot easier for you to propose multiple scenarios to your clients! You can now create, edit, and delete plans without leaving the Retirement / Analysis screen. We have also added the ability to copy any existing scenario and its action items.

The Plans tab has been removed from the client Settings tab. To create a new client scenario, go to the Retirement / Analysis tab and open the "Add or remove plans" section by clicking the pencil icon that is found to the right of the Current plan name.

Introducing the RightIntel Dashboard!

 

New

  

Today we're excited to introduce a new business intelligence capability called RightIntel. RightIntel is designed to give you the ability to see summary information about your clients and their data within RightCapital in a clean, simple format.

The first RightIntel feature we are introducing is the Dashboard, which allows you to see certain analytics such as total number of clients and invested assets. To view the Dashboard, click on the 'RightIntel' menu from the main advisor portal. For more information, visit the Help Center.

The RightIntel Dashboard is included for no additional charge with Premium and Platinum subscriptions!

Sell assets in taxable accounts

 

Improvement

  

We've added an option to allow you to illustrate the sale of specific assets within taxable accounts in order to realize capital gains or model the sale of a specific security or asset. When adding a Distribution card on the Profile / Income screen, if the distribution is from a Taxable account you can choose to specify the cost basis % associated with the distribution. That percentage of the distribution amount will be treated as basis and the rest will be included as gains.

Include shares held in stock grants

 

Improvement

  

When entering stock plans, within each individual grant we've added the ability to reflect shares that have been exercised and held within the plan. This allows you to include the value of the held shares as part of the plan and sell them as part of any future liquidation strategy.

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!