In our recent survey, we noticed a few comments that identified areas of RazorPlan some subscribers are not getting the most out of. We identified 4 lesser known features and tips that we think will help all users of RazorPlan.
Preparing a decumulation plan on how assets are going to be used in retirement is an added value that financial advisors should be offering clients.
The decumulation feature is a new optimization tool for the decumulation phase of a client’s life. Learn how to use this feature and integrate it into your practice.
It’s RazorPlan’s 10th Anniversary! Thank you so much to all the loyal customers that helped us reach this incredible milestone. To celebrate the success of the financial planning software, RazorPlan’s Co-Founder, Dave Faulkner, has put together short video clips highlighting the Top 10 Features! Check out each feature below or click here to watch all Top 10 Feature videos.
Starting with nothing more than a client’s name and date of birth, an advisor can gather enough information to prepare an analysis in under 15 minutes. Allowing the client and the advisor to discuss the big picture and their client’s needs moving forward. Click here to see it in action.
This tool was created in RazorPlan to fit the need for a visual data entry solution to do your pre-retirement cash flow-based planning, creating better client engagement in the planning process. Click here to see it in action.
(Available in RazorPlan Advanced)
What would a comprehensive financial plan be without insurance? RazorPlan combines insurance values in a comprehensive financial plan with life insurance illustration software built right into the platform or import values, including Whole Life Insurance, from any company using their built-in export feature. Click here to see it in action.
(Available in RazorPlan Advanced)
When doing a comprehensive financial plan, nothing is more frustrating than not being able to illustrate simple investment concepts quickly for your clients. With the drill-down control, you can model all popular investment concepts quickly and easily. Click here to see it in action.
With RazorPlan, you get 6 different concept reports – Financial Management, Investment Management, Insurance & Risk Management, Tax Planning, Estate Planning, and Retirement Planning. There is no concept in the financial industry that can’t be displayed using one of these Focused Planning Reports. Click here to see it in action.
If you have basic skills using Excel, you can build any report for any concept you want using RazorPlan’s calculation engine and the Export to Excel feature. Click here to see it in action.
Do you work in a multi-advisor office where you frequently work on the same financial plan? Do you work with other advisors through joint work? Are you in a support role where you need to assist an advisor? With File Sharing, RazorPlan saves you time by making it easy to collaborate with others. Click here to see it in action.
Our web-based tools help you find new potential clients ready and motivated to engage in financial planning. You can also use the Web Tools to identify existing client relationships ready to move forward with additional planning. Click here to see it in action.
Today, retirement planning is all about how to spend (decumulate) in the most tax-efficient way possible. Decumulation planning can add a ton of value for a client when you get it right, and RazorPlan helps you do that. Click here to see it in action.
The Retirement Options report is the original 1-Page Financial Plan. This shows clients all their options – how much they need to save, how much they can spend, when they can retire, and so much more – all on a single, easy-to-understand page. Click here to see it in action.
Razor Leads is a feature of the RazorPlan program that can be used to touch base with existing clients and introduce the planning process to prospective clients.
When markets become volatile, advisors need to be proactive in their client communications. Taking control of the narrative clients are hearing is important because there are numerous sources of information that are bombarding your clients at this time.
Razorplan has always tracked the client’s retirement cash flow, now you can also track their pre-retirement lifestyle and plan their cash flow. For clients that are still in the accumulation phase of their life and are planning for their retirement, putting together a pre-retirement cash flow plan goes beyond budgeting
With the release of RazorPlan Plus some powerful new features were added. This video demonstrates these new features and gives you an idea of the power of RazorPlan Plus.
Our common vision is to continue to support both technologies as independent platforms as they currently are, in addition to an integrated solution.
