Account Settings

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User Information
  • Advisor Personal Information
    You can edit any field in this section. The information shown here will appear in various areas of the application, including in the printed reports. The only required fields are First Name and Last Name.
  • Account Maintenance
    This section allows you to manage your credentials to the portal. You can update your password, your challenge question (for when you need to retrieve a forgotten password), and verify the status of your data aggregation subscription.

Program Preferences

To speed up the process of setting up a new plan, we allow you to define the default values for the main data entry points. By doing so we eliminate the need for repetitive and tedious data entry for all of these mandatory fields, for each account, on every client.
As you create multiple scenarios for a client, you can edit this value in each scenario.

On the main page you will find the following items: 

  

  • Basic Inflation
    This is the default rate of inflation you want to use as a baseline for all of your plans.
  • Salary Increase
    This is the default value for the salary increase. You can specify a different rate for client and spouse.
  • Probate Fees
    This is the default value for the probate fees. You can specify a different rate for client and spouse.
  • Retirement Goal %
    This is default Retirement Goal for every new plan. Once in the scenario you can switch to a $ amount as well, which the system will calculate for you based on the % you entered.
  • Survivor Ratio
    This is the default Survivor Ratio for every new plan. The survivor ratio is the % of the stated Retirement Income Goal, or of the Retirement Living Expenses (whichever is greater), that the surviving spouse will have after the first death in the plan.
  • SS Fed Tax
    This number represents the percent of the SS benefits that will be subject to Federal Income tax.
  • Pre-Retirement Tax
    For the simple tax mode, you can specify the default tax rates for federal, state, and capital gains to be applied on a new scenario.
  • Post-Retirement Tax
    For the simple tax mode, you can specify the default tax rates for federal, state, and capital gains to be applied on a new scenario.

To set up the default rates for the various accounts, simply click on the "Account's Default Rates" button and you will see the list for all of the preset accounts.




Customize Your Reports

Due to popular request, we have now included two new features in the printed reports. Advisors can now choose between different stock images to use on the cover page of the reports and they can customize the client letter.

From the side navigation select the "Report Preferences" to access the preference panel. As part of the advisor preferences, the selections made on this screen will be set for all reports generated, so there is no need to repeat these steps for every report.

To select one of the stock images simply click on the radio button below your selection. To choose between custom or standard cover letter, follow the same steps. In order to edit the content of you custom letter, simply click on the image and the editor window will open.

Custom Cover Letter Editor

You can use the editor to enter your own text and the formatting tools to customize the content as you see fit. Once saved, the letter will be used in all your reports as long as you choose to do so. To switch between the default letter and your custom letter simply click on the radio button under the corresponding option.



Model Portfolios List

A Model Portfolio will be accessible as a recommendation option for all your clients. Generally these are templates that you have created, or that have been created for you by your firm, and use most often with your clients. They represent various allocations for a specific level of risk and respective projected rate of return. Model Portfolios may be based on generic Morningstar categories or include specific investments.

You can only create or edit Model Portfolios from the Account Settings section. As you open the individual planning scenarios, the application will pull the list of Model Portfolios and make it available for recommendations.

NOTE: When you first login, the system will have default Model Portfolios ready for you to use. These portfolios are provided for your convenience. These are not implied recommendations, and you should replace them as soon as possible with portfolios of your own.

Leveraging the Morningstar data, we provide you with historical RoR and StDev values for the portfolio as you create it. You can then use those values to set the future return expectations of the model, or use them as a guideline while choosing the values you prefer.

NOTE: Please be sure to review the model portfolios and custom portfolios regularly, as we do not maintain them for you. As market conditions shift, so should your recommendations.


Edit/View Model Portfolios

The Portfolio Details screen consists of two sections, one to control the details and one to specify its components. The sections are:

  • Portfolio Summary and
  • Portfolio Allocation Details

Portfolio Summary

In this section, you may modify the name of the portfolio and its description. To the right of the summary you can see the allocation chart, which illustrates how the entries in the grid below are allocated across the top level asset classes, and their combined Historical ROR and Standard Deviation.

IMPORTANT: make sure to specify an Expected Rate of Return and Standard Deviation for the portfolio, so that the desired assumptions can be used in the retirement planning analysis.

Building a Portfolio

Creating a Portfolio is quite simple, just add the individual elements as if you were adding holdings to an account.

For every item you add you can enter the Category/SubCategory/Allocation values manually, or search for an investment vehicle by name or ticker, and let us classify it for you using Morningstar. You retain the ability to override the classification that Morningstar provides at any time.

For each item you add, you will see the remaining percentage till the allocation has reached 100%.

When you're done building your portfolio, you can the use the resulting historical RoR and StDev as your projected values by clicking on the "Set to Historical" button. The choice is yours.


Finametrica Portfolios List

Finametrica uses an Equity Exposure Index to determine the risk tolerance score range suitability. As you create models with the Finametrica add-on enabled, you will see the classification right on the screen, as shown in the image below.

The portfolio list shows you the various risk groups at the top, and you can quickly filter the list by clicking on the corresponding pie chart. To see the entire list click on the "Show All". You can create new portfolios, or copy existing ones using the "Create" and "Copy" buttons. To copy a portfolio, simply select it from the list and press the button.

All model portfolios created in this section will be accessible as a recommendation option for all your clients. Generally these are templates that you have created, or that have been created for you by your firm, and use most often with your clients. They represent various allocations for a specific level or risk and respective projected rate of return. Model Portfolios may be based on generic Morningstar categories or include specific investments.

You can only create or edit Model Portfolios from the Account Settings section. As you open the individual planning scenarios, the application will pull the list of Model Portfolios and make it available for recommendations.

NOTE: When you first login, the system will have default Model Portfolios ready for you to use. These portfolios are provided for your convenience. These are not implied recommendations, and you should replace them as soon as possible with portfolios of your own.

Leveraging the Morningstar data, we provide you with historical RoR and StDev values for the portfolio as you create it. You can then use those values to set the future return expectations of the model, or use them as a guideline while choosing the values you prefer.

NOTE: Please be sure to review the model portfolios and custom portfolios regularly, as we do not maintain them for you. As market conditions shift, so should your recommendations.

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