![]() ![]() But on the other hand, as your clients’ situations get more complex, you’ll want software that can accommodate their needs. Not every client needs every bell and whistle a particular software might offer. Who Are Your Clients?ĭo you work with individual millennial and Gen Z clients who are just starting their financial journey? Or do you work with large families who have multiple homes or a family business? Here are four factors to think about before you look at specific options: 1. Like most things in life, financial planning software isn’t one size fits all. A copy of Global Wealth Strategies & Associates, LLC’s current written disclosure statement discussing Global Wealth Strategies & Associates, LLC’s business operations, service, and fees is available from Global Wealth Strategies & Associates, LLC upon written request.Consider Your Clients’ Needs-and Your Own For information pertaining to the registration status of Global Wealth Strategies & Associates, LLC, please contact the SEC, FINRA or the state securities regulators for those states in which Global Wealth Strategies & Associates, LLC, maintains a filing. Accordingly, the publication of Global Wealth Strategies & Associates, LLC’s web site on the Internet should not be construed by any consumer and/or prospective client as Global Wealth Strategies & Associates, LLC’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Global Wealth Strategies & Associates, LLC’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment related information, publications, and links. Investment Advisory Services offered through Global Wealth Strategies & Associates, LLC, a Registered Investment Adviser. Interactive visual models to demonstrate these strategies in the plan are available in MoneyGuideElite℠.ģ200 Cherry Creek Drive South, Suite 280, Denver, CO 80209 These strategies are available in MoneyGuidePro® as Goal Strategies on the What If Worksheet. Based on the clients' projected taxable income during retirement, instantly determine the amount that maximizes the distribution in years where there is lower taxable income. Show the impact of taking distributions from Traditional IRA or an Employer Retirement Plan early in retirement rather than waiting until RMDs begin. Establish the amount to gift based on the client's projected Required Minimum Distribution. Show the impact on lifetime tax savings of gifting up to $100,000 of Qualified Retirement Assets directly to charities. Qualified Charitable Distribution (QCDs): Based on the clients' projected taxable income during retirement, auto calculate the amount to convert that maximizes the use of a selected tax bracket. Roth Conversion: Show how converting a Traditional IRA or an Employer Retirement Plan to Roth Assets impacts your tax burden and the assets left to heirs. Some examples of what this new feature can help advisors show clients: ![]() Based on plan complexity, prices will vary, ranging from as little as $1,500 to $5,000+. With this in mind, it is common that GWS&A may charge a separate for the service. Depending on plan complexity, the GWS&A team spends 10 to 30+ hours from start to finish on the overall process. The program is incredibly powerful for modeling “What if Scenarios”. MoneyGuideElite℠ uses Monte Carlo analysis and runs at minimum 100 trials to determine outcomes, based on stochastic modeling, the likelihood of success with variable stock market conditions. This ensures that if your financial plan is reran or modified in the future, each new instance and scenario is based on a true and accurate representation of your current account values. At GWS&A, we feel that running a fee-based plan through this sophisticated software can help pre-retirees enter into retirement with additional confidence. MoneyGuideElite℠ has been rated “the top choice of financial planning software for eight straight years,” according to Financial Planning Magazine’s annual survey. The MoneyGuideElite℠ program has partner integration with eMoney. For clients that are already using eMoney as an account aggregator to see all of their assets/liabilities in one place, GWS&A is able to link your living balance sheet directly into your MoneyGuideElite℠ Plan. ![]()
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