July 2021 Client Journal

July 2021 Client Journal

Welcome Back!

We recently celebrated our one-year anniversary of PlanPlus Global joining the Morningstar family and are excited at all the work we’ve done. Going forward we will be updating the newsletter format to match the new look and feel you can see at morningstarriskprofiler.com. Henceforth, this will be the last PlanPlus Global email you will receive. Starting in October, subscribers can expect a new design and with even more engaging, timely content from Morningstar.

In this issue we are talking all about risk. Morningstar experts break down what it is, what it is not, how to manage it, and how to benefit from it.

Why You Should Be a Risk-Taker

Risk tends to have a negative connotation with investors. So how can we manage those hesitancies and actively take risk at the benefit of your clients?

Jason Stipp, Director of Product Management for Morningstar, shares his thoughts on why we should all take smart risks.

Read more: Why You Should Be a Risk-Taker | Morningstar

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PlanPlus Global’s SuitabilityPro™ platform integrates FinaMetrica’s risk tolerance profiling tools with PlanPlus’ enhanced financial planning and portfolio tracking capabilities to enable financial advisors and enterprises to deliver and monitor the highest standard of advice to clients through the world’s most rigorous, academically validated and market-proven suitability technology.

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How a Changing Regulatory Landscape Presents an Opportunity for Advisors When Conducting Rollovers

Regulations are increasingly asking more of advisors to demonstrate they are acting in client’s best interest – especially as it relates to 401K rollovers.

Morningstar experts break down how to prepare your systems, protect your practice, and preserve your compliance.

Read more: How a Changing Regulatory Landscape Presents an Opportunity for Advisors When Conducting Rollovers | Morningstar

How to Be a (Smart) Risk-Taker

For some clients, risk spells opportunity. For others, it’s a four-letter word to be avoided at all costs. But the fact is most folks will need to take measured investment risks or otherwise face another risk–namely, not meeting their long-term goals.

Join a panel of Morningstar experts as they discuss practical approaches to managing and measuring risk so you can help clients lean into the planning process; make smart, personalized trade-offs; and navigate the waters to reach their goals.

Watch: How to Be a (Smart) Risk-Taker (brighttalk.com)

Measurement of Risk Tolerance: How Improving Methodology Could Offer Advisors a Significant Competitive Advantage

The technology is here to make distribution of questionnaires, generation of risk tolerance scores, and conversations with clients, a much easier and thoughtful process. Choosing the right approach could lead to much higher retention and a better connection with your clients.

Can new processes provide a strong competitive advantage that meets or exceeds new regulatory requirements and, more importantly, leads to better investor outcomes? Check out our latest whitepaper on risk tolerance to find out!

Read more: CLIENTRISK_2021.indd (morningstar.com)

Training Sessions & Webinars

SuitabilityPro™ Training Sessions are hosted every Tuesday and Thursday

  • Profiler: Getting Started! – Tuesday
  • ProPlanner: Getting Started! – Thursday

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I have been using FinaMetrica for over 17 years for onboarding new clients. They like the extensive value of the reports; but what we appreciate is the innovations in technology, the value of the client-facing materials and the development of the life-long client relationships as I get to really know their behavioral tendencies. FinaMetrica has assisted me in building a very successful practice and we highly recommend it for any advisor who wants to enhance the overall value of their client relationships.

Ron Wilkinson - Portland, Oregon, USA
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