Why NaviPlan adds value to your practice

November 1, 2016 by Adrian Moreno

A young woman on her cell phone using the client portal from Advicent

About the author:

Adrian Moreno

Support specialist

Adrian is a recent graduate of the University of Wisconsin-La Crosse. The ease of numbers and analysis skills led him to BA degrees in both Economics and Finance which he utilizes in assisting and supporting our software users. Adrian is a recent graduate of the University of Wisconsin-La Crosse. The ease of numbers and analysis skills led him to BA degrees in both Economics and Finance which he utilizes in assisting and supporting our software users.

In today’s age, there is an abundance of tools that advisors can use to help make their job a bit easier. However, this can be very overwhelming if an advisor is just getting started in the world of financial planning software. With so many different needs from advisors, it can become very hard and time-consuming to find the right tool, so why not choose a tool that does it all and does it all very well?

Efficiency

An advisor could spend all of their time creating the perfect Excel spreadsheet, but this can become very time consuming and may be hard to update with so many moving variables within a retirement plan. The NaviPlan® financial planning software takes care of all the calculations an advisor would need with its powerful engine so that the only task they have to do is enter their client’s data, which is a quick process due to the integrating capabilities of NaviPlan. This gives the advisor more time to spend with their clients discussing plans of action so that they can reach their goals. The efficiency that NaviPlan brings allows an advisor to talk with more clients and ultimately spend less time on tedious tasks. The more time they have to talk to clients, the more relationships they can build, and the more lives they could positively impact.

Client portal

NaviPlan is a very client-friendly application. Whether it is through its reporting or through its client portal, the advisor has the ability to deliver the information the client wants with ease. NaviPlan has different sets of reporting available to the advisor so that they can determine which is fit for the client they are currently engaged with. If an advisor is talking to a young couple who would benefit from simple reporting, NaviPlan has client reports that are not overloaded with detail and contain more visual pages so that the clients can get a better idea of where they are at. Talking to an accountant or an engineer? NaviPlan also contains reporting that has a high level of detail along with the ability to attach supplemental reports for even more detail. NaviPlan also has a client portal called Narrator® Clients, which allows the clients to view the information they went over with the advisor at anytime from anywhere. This flexibility can strengthen client-advisor relationships because they are receiving a tailored service directly from their trusted advisor.

Clients maintain human contact

Robo-advisors might seem like an attractive quick solution for a lot of people nowadays, but they lack one of the most important aspects of financial planning: the human relationship. A robo-advisor is not going to know the goals of a client from a qualitative perspective. This is why it is important to continue fostering human contact with clients in meetings and building the client-advisor relationship. Clients need to know someone is looking out for their best interests instead of relying on an automated system spitting out figures at them. NaviPlan allows advisors to have the functionality of its software engine calculations while still maintaining the human value of financial planning. Instead of focusing so much time on entering data, the advisor can spend time interpreting the output and having a conversation with their clients.

Click here to learn more about NaviPlan and the Narrator Clients portal, or call (855) 885-7526 to speak with an Advicent representative.