Narrator Clients: Edit budgets and review transactions with ease

May 19, 2016 by Katelyn Rattray

Narrator Clients from Advicent

About the author:

Katelyn Rattray

Senior content marketing specialist

Katelyn strives to deliver high-quality educational content to advisors in the financial services industry. She enjoys collaborating with all departments to showcase the thought leadership through the organization and leverage the knowledge and expertise of the Advicent team. Katelyn hopes to empower advisors with tools to boost their marketing efforts through content marketing and technology.

The process of starting a relationship with a financial advisor is often cumbersome and difficult. The client must organize their finances, and the advisor must manually enter a large amount of data. This hassle creates a higher barrier to entry for converting your prospects into clients. Then once the data is entered the client only re-visits their budgets semi-annually and has no context about how disciplined they are with their set budgets. This makes it difficult for them to stick to the plan and see the value of financial planning which could lead to the client leaving.

Easily monitor budgets and transactions with Narrator® Clients from Advicent

Narrator Clients empowers advisors to close new business and retain clients with its ability to save time, create transparency, and strengthen the client-advisor relationship.  The account aggregation on the Budgets and Transactions page will allow clients to input their bank account information and monitor their spending habits which creates a much more hassle-free onboarding process.

The client will then be able to see their budget history, as well as add, delete, or change budget categories which allows them to stay on track and stick with their financial plan. This transparency will keep clients involved in their financial future, and the advisor will also be able to strengthen the relationship by getting a better picture of where the client can go with a clear picture of their cash flow. This will help set expectations and guide clients to prepare for their future.