Read the latest insights on risk profiling, suitability, financial planning, portfolio planning and the advice industry at large from our internal experts.
Free trial – available now! https://planplusglobal.com/suitabilitypro/proplanner/ ProPlanner is our newest evolution in comprehensive goal-based financial planning software. 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…
New research has revealed the deep flaws in disclosure-based regulations, with examples from the US, UK, Europe and Australia showing that relying on disclosures often fails to prevent harm to consumers — and can, in some cases, actually cause them harm. Suitability in financial advice is the answer to the many problems associated with disclosure-based…
It’s tempting to equate financial risk taking with general risk taking, as it seems to make intuitive sense. But the two are not the same, and it is dangerous for advisors to treat them as if they are. There are different types, or ‘domains’, of risk. Some of the common domains in risk models include:…
FinaMetrica Profiler is part of the SuitabilityPro product suite, from PlanPlus Global. Profiler extends the FinaMetrica world-leading psychometric risk tolerance test by adding the functionality of goal planning and portfolio selection. It’s FinaMetrica – with more! Everything you know and love about FinaMetrica’s world-renowned risk tolerance measurement is in the new Profiler — along with…
A turbo-charger makes a car go faster because it packs extra air into the engine, so the engine can breathe more and deliver more horsepower. The technology used by financial advisers is doing a similar job, by creating more ‘air’ which allows the adviser to more fully explore their clients’ financial goals, fears and ambitions.…
Computers are great at crunching lots of numbers and automating tedious tasks, which had many advisors looking nervously over their shoulders at robo-advisors when they emerged. But when it came to building trust and relationships humans won compared with the coldness of an algorithm. The ‘pure’ robo-advice platforms have all struggled to win clients and…
“What’s been happening in your world this past year?” is probably the most important question an advisor can ask in an annual review with a client. And it is all about suitability. Ask them if they need to review or change their investments, insurances, estate planning or financial goals and they’ll almost certainly say no.…
A recent survey shows the use of holistic financial planning software in the USA is rising, as advisors move toward providing a ‘total’ service that extends beyond just picking investments for clients. The trend toward indexing investments and the emergence of robo-advice are both making investment decisions more like a commodity, where price is the…
There’s a lot more to comprehensive financial planning than just putting together an investment portfolio. However, the performance of a portfolio is often the only benchmark of the ‘value’ of financial advice. But investment performance does not account for the other benefits which accrue from receiving comprehensive financial advice. Giving someone a comprehensive financial plan…
If you’ve ever been told you are a four-character personality type, such as a ISTJ, INFJ or ESTJ, you’ve met the Myers-Briggs Type Indicator (MBTI) test. It was most probably while you were dealing with a recruiter or human-resources person, but unfortunately they learned nothing about you from this test — because it does not work.…
SuitabilityPro™: ProTracker will also be available for trial soon.
