March 2020 Client Journal

March 2020 Client Journal

The role of a financial advisor is changing from an ‘expert with the answer’ to a collaborator with a process that will help a client to make a good financial decision. It’s a new era of advice which calls for new suitability-based processes and technology tools.

PlanPlus Global to Join Morningstar

Morningstar, a global firm specialising in independent investment research, information, and technology, announced plans to acquire PlanPlus Global. This includes our full product suite, which is comprised of FinaMetrica Profiler, a global risk-profiling tool renowned around the world, our financial planning solution ProPlanner (formerly Planit) and ProTracker, our powerful portfolio monitoring tool.

Read more here

Giving Financial Advice is a Collaboration

Today, people want to know the ‘why do this’ as much, and possibly even more, than they want to know the ‘what you should do’. Welcome to the age of collaborative financial advice!

Read more here

Try Our SuitabilityPro 30-day Complimentary Trial

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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Suitability in Singapore

The Singapore regulator of private banks recently conducted a two-year review of compliance with its suitability rules, finding that there is significant room for improvement.

Read more here

Product Update

Investment Policies

In SuitabilityPro™ there is a suite of default investment policies with corresponding target portfolios that are not linked to specific products. The target portfolios’ asset allocations were determined using historical index data and efficient frontier analysis to represent typical portfolios selected by advisors across the risk spectrum. Up until now, changes to the default target allocations had to be done on an individual client basis. We’ve now opened the investment policies functionality to allow users to define the target investment strategies’ allocations, maximum and minimum ranges and suitability score ranges on a firm basis so that changes can be applied globally. This also allows users to customize the number of and name of the policies to match their models. Try out the new functionality under Settings > Investment policies.

Introducing the New SuitabilityPro™ Client Portal

The SuitabilityPro™ client portal had a recent face lift. We’ve changed the name from miplanplus to SuitabilityPro™ client portal and updated the look and feel to match the advisor portal to provide a more consistent experience for users and clients.

RiXtrema/FinaMetrica Webinar

Understanding your client’s risk tolerance is an important first step of complying with Reg-BI.

Thursday March 12 11am PST 2pm EST

See how RiXtrema’s Portfolio Crash Testing and RegBI Optimizer works together with FinaMetrica’s market leading risk tolerance assessment to meet Reg-BI. This webinar will describe how you can use the suite of tools from FinaMetrica and RiXtrema to:

  • Accurately measure your client’s risk tolerance,
  • Map risk tolerance to crash testing scenarios and
  • Identify any potential factors to ensure you are meeting your client’s best interest.

Register Here

PlanPlus Global Events

PlanPlus Global activities for this month – conferences and events.

Malaysia: 30 January to 31 March – MFPYA 2020

Canada: 30 January to 31 March – Canada Financial Planning Awards 2020

View Calendar

Training Sessions & Webinars

SuitabilityPro™ Training Sessions are hosted every Tuesday and Thursday from 1pm

• Profiler: Getting Started! – Tuesday @ 1PM EST

• ProPlanner: Getting Started! – Thursday @ 1PM EST

Register Here

FinaMetrica Webinar: Getting Started with

New in town? This webinar will give you a guided tour of what is where and how to use it, so you’ll be working like a pro in no time at all!

Tuesday March 24th, 10:00 AM in Eastern Time (US and Canada), 2:00 PM in United Kingdom

Register Here

Wednesday March 25th, 10:00 AM in AEST (Australia and New Zealand)

Register Here

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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