In May of 2022, our Building Your Tech Stack webinar series will focus on partners in the Risk Analysis and Financial Planning categories. A description of each partner category along with the partner(s) we focus on in our webinars this month is below.
One of the relatively more recent categories of fintech software, Risk Analysis tools help advisors evaluate each of their client’s acceptable risk levels for their portfolio both at the outset of the relationship and as they monitor the portfolio performance over time. Risk tolerance can change, so ensuring that your recommendations remain suitable for each of your clients as their tolerance changes is vitally important. These tools can prove valuable during the prospecting process; they can also help advisors exhibit how they are meeting compliance requirements in terms of acting as a fiduciary for each of their clients.
Risk Analysis tools provide a wide range of analytics, projections, and reports, varying from one provider to another. Integrating your Risk Analysis software with Redtail CRM allows you to see, often at a glance, each of your client’s risk tolerance, and to easily access the other tools and reports made available by the provider, all without having to leave Redtail.
In a May 17 Building Your Tech Stack webinar with StratiFi, our topic is:
How to empower clients to easily understand risk and take action with StratiFi and Redtail CRM
It’s a given that the appetite for risk differs for all investors depending on where they are in their financial lives. See how StratiFi can help you to better understand, track and provide advice and action against current risks facing client portfolios, effortlessly. We will share best practices on communicating risk insights to bridge the gap for prospects and clients.
StratiFi is a financial technology company that empowers investment advisors to understand portfolio and business risk better. StratiFi’s online platform gives investment advisors access to sophisticated risk management technology, usually only accessible by the largest institutions. StratiFi’s PRISM Ratings™ risk scoring technology provides advisors with a rolled-up score based on their book of business, giving them more insight into the risks in their clients’ portfolios and their own business, so they can pick the risks they want to take.
The process of financial planning is intricate; tools you can use to help you dive deeper into the process in order to make the complex projections and calculations you’ll need to perform to recommend a course of action for each of your clients are invaluable.
Financial planning tools are built with purpose and finding the right one for you is going to make a big impact in your practice. Your financial planning software is going to be integral throughout the seven steps of the financial planning process as defined by the CFP Board. The level of integration available between different financial planning software and your CRM varies, but you are likely to find contact sync and easy access to planning documents with many of these integrations, helping to streamline one of the most time-consuming aspects of your operations.
In an May 31 Building Your Tech Stack webinar with Holistiplan, we’ll be considering the below:
Tax Planning Is the Powerful Tool Advisors Didn’t Know They Need
Tax planning shouldn’t be a once a year event but a continuous year round conversation with our clients. Come learn how Holistiplan is now helping more than 10,000 financial planners be more comprehensive and more efficient by drastically reducing the time it takes to provide high impact tax planning for clients. By leveraging the Redtail–Holistiplan integration, advisors are able to further streamline the process in several ways, including the ability to make notes on tax conversations. Join us to learn the latest about the integration, hear product updates from Holistiplan, and learn about the upcoming roadmap.
Holistiplan is an award-winning tax planning software solution for advisors. Built to systematize and automate the process of reviewing a client’s tax return to uncover potential planning opportunities, Holistiplan was created and designed by co-founders, Roger Pine, CFA®, CFP®, and Kevin Lozer, CFP®. The software accomplishes what has historically been two competing goals in the financial services profession: to streamline the financial planning process for advisors while improving it for every client. To date more than 10,000 advisors across the country leverage the powerful software to drive better planning.