Financial planning is an important part of financial management, and financial planners need tools to help them do their jobs well. These tools include answering services for the business, financial software, financial calculators, and more! In this article, we will discuss 5 different types of financial planning tools that you should be using to grow your business.
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1) Answering Service
An answering service for financial planners is an absolute must. This tool can be used to answer calls, give appointment reminders, and more! You need a financial planner that you can rely on to help your customers when they have financial questions or concerns. Answering services are available as 24/hr live phone operators who will take messages from clients and relay them back to the financial planner at their convenience. With this type of system, clients’ questions regarding financial planning applications never go unanswered.
2) NestEgg Estimator
Many financial advisors are leveraging apps to help their clients save more money, plan for retirement or simply become better at managing their finances. The NestEgg Estimator is an online financial calculator that helps consumers assess just how much they need to save by estimating future income needs based on current expenses, time horizon, and savings rate. Financial planners can use this financial calculator to help their clients estimate how much they need for retirement, education costs, or other savings goals. By simply answering some questions about your financial situation and the time horizon you have until you retire/need money, NestEgg will calculate future income needs that are adjusted for inflation giving a clear financial picture of what is required to manage these expenses in the future. NestEgg does not require any financial information like assets or liabilities, making it easy for financial advisors who don’t know their client’s full financial background but still want to provide value.
3) Black Diamond
The Black Diamond portfolio management platform by Advent Software is the perfect solution for any advisor looking to streamline their day-to-day operations. With features like information aggregation, customizable reporting, and rebalancing available on this cloud-based service (among others), it’s easier than ever before to get all your clients’ accounts reconciled with just one click!
What makes the Black Diamond platform different from other financial advisor apps on the market? The deep integrations into Advent’s own CRM tools allow advisors to have a more unified view of their clients’ information – all in one place! This provides an added layer of security with minimal effort needed by financial planners looking to ensure they’re providing quality service while increasing efficiency at work. Not only can you manage your contacts but also manage tasks, follow-up emails, and calendar events directly from this app. No need to juggle between multiple platforms when it comes time for routine or special requests.
Fugent is a company that offers financial software services for professionals. Its tablet app allows advisors to create presentations out of the office, allowing them more time with clients in person who cannot be there due to work schedules or other obligations.
Fuget’s unique remote presentation tool enables advisors’ fingers to remain glued together while they elaborate on any uploaded document content-wise by writing right into it!
The financial planner tools are available on the Fugent website.
5) Precise FP
Precise FP is an innovative company that specializes in data-gathering. Their clients are the financial advisors out there with the tedious job of collecting information from them and then making it accessible for their users through diverse formats, all while being easy to read! This is a great service for financial planners that need to gather information from their clients, but don’t have the time or resources.
This can save financial advisors countless hours of work and put them back into the position where they are doing what they do best: serving clients through financial advice! Financial Advisors are not necessary data entry personnel. They should be spending their time working with people instead of behind computers all day long collecting useless information.
Does Your Business Need a Reliable Virtual Receptionist?
Reliable Receptionist helps small to mid-sized businesses enhance their professional image, improve customer service, manage workload and convert callers to become loyal clients. At Reliable Receptionist, we not only provide simple answering services but you can be confident your company’s incoming calls will be immediately answered by one of up to five trained representatives assigned to your account. Our off-site receptionists are professionally ready to answer questions about your business, provide directions, capture critical lead information, schedule appointments, and forward calls to the appropriate department depending on your set guidelines. One of the many advantages of using an off-site receptionist with advanced call handling technology is that your calls can be privately announced and seamlessly connected to you in real-time on any phone number. Many of our clients provide multiple connecting numbers for us so we always have the best way to reach you. Let’s Work Together! For more information or to request a quote and free demonstration, send us a message or call us today at (925) 627-4200.