[February 13, 2017] |
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Advicent announces synopsis reporting in NaviPlan® 17.0 as part of The Compliance Blueprint
Advicent, a leading provider of financial planning technology, today
announced new updates to its premier financial planning software tool, NaviPlan.
Features in NaviPlan 17.0 include in-depth data reporting, updates to
federal and state tax calculations, and various other improvements to
offer accuracy and transparency for client plans - all of which assist
firms in their Department of Labor Conflict of Interest Rule compliance
strategies.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170213005050/en/
Introducing NaviPlan 17.0 from Advicent including a new client report, tax updates, and a new integration (Graphic: Business Wire)
"Advicent is committed to ensuring accurate and up-to-date client
information within our planning software; tools to empower advisors to
increase transparency to customers in the face of increasing regulation;
and integrations to make client data collection more efficient," said
George Fischer, senior vice president, product, at Advicent. "The
enhancements in our NaviPlan 17.0 update benefit both our U.S. and
Canadian partners. As a result, firms can ensure they are both
productive in the planning process and foster a transparent,
collaborative client-advisor relationship."
"Regardless of what ultimately happens with the DOL rule, Advicent wants
to ensure that our partners are prepared with the latest enhancement to
support firm-wide compliance strategies," furthered Angela Pecoraro,
president and COO of Advicent. "Even if the rule is eliminated, each of
the enhancements in 17.0 will empower our users in providing the best
client-advisor experience available."
Below are some of the enhancements users can expect in NaviPlan 17.0.
New Plan Analysis Synopsis (News - Alert) client report as part of The Compliance
Blueprint
The
Compliance Blueprint is a three-part offering from Advicent that
includes unique DOL-ready financial planning software functionalities, a
DOL Education Center, and consultant partnership services - all
supported by decades of experience providing guidance and thought
leadership to clients through past regulatory changes. As an enhancement
to the current DOL-ready software offering from Advicent, firms and
advisors can now provide clients with all data entered into their
plan with a modern report design and branding with the new Plan Analysis
Synopsis report.
Synopsis reporting allows an advisor to provide a list of assumptions
and inputs into the client's plan, ensuring the data is correct and the
advisor is acting in the client's best interest. This report presents
client data in an easy-to-understand format and style that is consistent
with other client reports. The Plan Analysis Synopsis report, like all
other NaviPlan client reports, can be included within a client
presentation as a compliance requirement, part of a template with other
client reports, a special inclusion to a presentation, or a standalone
report for clients.
Updated Quovo integration to include custodial feeds
As part of the Advicent commitment to broaden integration options,
NaviPlan now offers an expanded array of integration options through
Custodial Connection feeds. Other integrations include Albridge™,
AppCrown, MorningStar Office?, Orion Advisor Services, Pershing
NetX360®, Redtail Technology, TD Ameritrade Institutional™, and more.
With NaviPlan 17.0, Advicent has integrated Quovo Custodial Feeds, in
addition to the existing account aggregation integration within Narrator®
Clients from Advicent. Quovo integrates with a large number of
direct custodial feeds for portfolios directly managed by advisors,
financial planners, and broker-dealers - providing unparalleled access
to rich, deep financial data.
U.S. federal and state tax updates
The federal, state, and estate tax calculations within NaviPlan have
been updated to provide the most up to date analysis. Some of the key
changes include:
Federal:
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Federal tax brackets
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Federal tax rates
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Federal standard deductions
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Federal personal exemptions
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2017 Inflation Rate
State:
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Various state tax bracket, rates, deductions, and exemption updates
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State estate tax
Canadian federal and provincial tax updates
The federal and provincial tax calculations within NaviPlan have been
updated to provide the most up to date analysis. Some of the key changes
include:
Federal:
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Federal tax brackets
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Federal tax rates
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Federal tax credits
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Changes to RRSP Historical Data
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2017 Eligible and Non-Eligible Tax Credits
Provincial:
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Provincial tax bracket
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Provincial tax rates
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Provincial tax credits
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Bracket changes to Quebec
Canadian Major Purchase enhancements
Real estate assets are now a possible objective for a major purchase
goal. Data entry will be identical to any real estate asset and the goal
functions identical to any major purchase goal for planning and within
reporting.
About Advicent
Advicent is the leading provider of SaaS (News - Alert) technology solutions for the
financial services industry, servicing the world's largest financial
institutions. The Advicent product offering includes the NaviPlan®,
Figlo®, and Profiles™ financial planning software which power our
Narrator® Advisor dashboard and Narrator® Clients portal; the Advisor
Briefcase® marketing communications tool; and the Narrator® Connect
application builder which unlocks the power of Advicent APIs. Through
our innovative product capabilities and dedicated services, we are able
to help thousands of financial professionals and their clients
understand and impact their financial future. Everything comes back to
our core mission-enabling everyone to understand and impact their
financial future. To learn more, visit advicentsolutions.com
or email [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20170213005050/en/
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