November 2019 Client Journal

November 2019 Client Journal

We are excited this month to invite you to tour and try out the latest component in the SuitabilityPro product suite – ProPlanner…

Meet The New ProPlanner

ProPlanner is our newest evolution in comprehensive goal-based financial planning software and is now available for a free 30-day trial.

ProPlanner builds on our well-known Planit software, to assist advisors in gaining better:

  • Productivity — getting clients quickly engaged in making financial decisions
  • Advice — full goals-based planning tailored to financial and emotional needs
  • Relationships — in-depth understanding of clients’ values & priorities
  • Compliance — detailed reporting of the suitability of advice

Take a tour here and sign up for a new trial here.

Why Suitability is Replacing Disclosure in Regulation

New research has revealed deep flaws in disclosure-based risk tolerance assessment regulations, with examples from the US, UK, Europe, and Australia showing that relying on disclosures often fails to prevent harm to consumers. In fact, in some cases, the shortcomings of disclosure cause them harm.

More on the five key problems is here

Financial Risk Tolerance vs. General Risk Tolerance

Intuitively, it is tempting (and common) to equate financial risk taking with general risk taking. However, the two are not the same, and it is dangerous for advisors to treat them as if they are. There are several different types, or ‘domains’, of risk.

More on the differences here

Come say ‘Hi!’ at a November event

We’d love to catch-up if you are attending any of the events below:

  • Toronto (CA): 19 November – FP Canada Gala Dinner
  • Toronto (CA): 20 November – FP Canada Symposium
  • Toronto (CA): 21 November – OSC Dialogue
  • Melbourne (AUS): 25 November – Financial Planning Academic Forum (FPAF)
  • Melbourne (AUS): 26 November – Personal Finance and Investment Symposium (PFIS)
  • Melbourne (AUS): 27 – 29 November – FPA Professional Congress 2019

November Training & PlanPlus Global Events

PlanPlus Global activities for this month – training sessions, conferences, and events.

View Calendar

SuitabilityPro Training Sessions are hosted every Friday from 10am

  • Profiler Session I: Getting Started! – 10AM EST
  • Profiler Session II: Customizing Advisor Profile Settings – 11:15AM EST
  • ProPlanner: Getting Started! – 1PM EST

Register Here

I have been using FinaMetrica for over 17 years for onboarding new clients. They like the extensive value of the reports; but what we appreciate is the innovations in technology, the value of the client-facing materials and the development of the life-long client relationships as I get to really know their behavioral tendencies. FinaMetrica has assisted me in building a very successful practice and we highly recommend it for any advisor who wants to enhance the overall value of their client relationships.

Ron Wilkinson - Portland, Oregon, USA
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