Planit:Integrated Financial Plan

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The Integrated Financial Plan (IFP) presents an holistic plan to your clients, including all areas of financial planning: investment management, retirement planning, estate planning, tax planning, et cetera. Take a look at the topics below to review all of the different pages and components of the Integrated Financial Plan to understand how to interpret and present them to your clients. Also, you can review sample IFP document at www.planplus.com.


Integrated Financial Plan Training

Order Title Description Key Points Level Generic
1 Introduction to the Integrated Financial Plan What is the Integrated Financial Plan and what can it do for my client?
  • Integrated - life goals, investment, estate, risk
  • Preview pages - strategy, implementation, need on death, estate analysis
  • Considers all needs together
3 Video
2 Purpose of an IFP How do I interpret and present the 'Introduction' page of my client's Integrated Financial Plan?
  • Key disclaimers
  • Complex life goals strategy
3 Video
3 Executive Summary How can I interpret and present the 'Executive Summary' page of my client's document?
  • Summary of major data entry and strategy
  • Bottom line - current and target
  • Position client for recommendations
2 Video
4 Your Goals and Objectives How do I interpret and present the 'Your Goals and Objectives' page of my client's document?
  • Summary of plan data entry
  • Graph of costs for all goals
  • Confirm data entry, agreement to tradeoffs possibly to come
2 Video
5 Net Worth Statement How do I interpret and present the 'Net Worth Statement' page of my client's document?
  • Review of Assets & Liabilities entered
  • All money current available to use towards goals
  • Clients may share more assets
1 Video
6 Cash Flow Statement How do I interpret and present the 'Cash Flow Statement' page of my client's document?
  • Main income and savings
  • Lifestyle expenses graph
  • Detailed cash flow
  • Manage lifestyle needs
2 Video
7 Income Tax Analysis How can I interpret and present the 'Income Tax Analysis' page of my client's document?
  • Overview of income tax payable
  • Obtain returns for more deductions, credits
3 Video
8 Current Holdings How can I interpret and present the 'Current Holdings' page of my client's document?
  • Summary of detailed asset entry
  • Show off holdings and help reveal them
1 Video
9 Risk Tolerance Page How do I interpret and present the 'Risk Tolerance' page of my client's document?
  • Risk tolerance key to strategy
  • Multiple risk profiles
  • Highlights of risk tolerance characteristics
1 Video
10 Asset Allocation Page How do I interpret and present the 'Asset Allocation' page of my client's document?
  • Review of Asset Allocation entered
  • Important before implementation strategy
1 Video
11 Efficient Frontier Page How do I interpret and present the 'Efficient Frontier' page of my client's document?
  • Maximize your return for risk
  • Evidenced investment strategy
  • Client education
1 Video
12 Historical Annual Returns How can I interpret and present the 'Historical Annual Returns' page of my client's document?
  • Rate of Return may change annually
  • Over time Asset Allocation will accumulate growth
  • Long term strategy versus short term reaction
  • Stick to strategy in bad markets
1 Video
13 Portfolio Repositioning How do I interpret and present the 'Portfolio Repositioning' page of my client's document?
  • Numerical differences b/n current and target
  • Understanding before implementation strategy
1 Video
14 Risk versus Return How can I interpret and present the 'Risk versus Return' page of my client's document?
  • Change in risk and return assumed
  • Get more/less return, more/less risk
  • Client education
1 Video
15 Risk versus Time How do I interpret and present the 'Risk versus Time' page of my client's document?
  • Less risk over time
  • Highest and lowest likely
  • Reassurance in bad markets
1 Video
16 Life Goals Analysis - What Is It? How do I interpret and present the 'What is Life Goals Analysis' page of my client's document?
  • Complex plan incorporating complex tax structure, multiple goals, etc.
  • Differentiate your plan and show value
  • Set the stage for the strategy ahead
2 Video
17 Life Goals Retirement Analysis Table How do I interpret and present the 'Life Goals Retirement Analysis' page of my client's document?
  • Review different inflow and outflow sections
  • Shortage or surplus with no change
2 Video
18 Life Goals Retirement Strategy How do I interpret and present the 'Life Goals Retirement Strategy' page of my client's document?
  • Review different inflow and outflow sections
  • Change column for goal reduction etc
  • Auto Model process steps
2 Video
19 A Comparison of Results What do the graphs under 'A Comparison of Results' mean, and how can I present them to my client?
  • Current and target scenario
  • Accumulating capital, shortfall or surplus
  • Buy-in to strategy to achieve target
2 Video
20 Needs on Death How do I interpret and present the 'Needs on Death' page of my client's document?
  • Different by document
  • Based on Death scenario
  • Summary of data entry plus shortfall
  • Identify possible need for risk planning
2 Video
21 Needs on Disability How do I interpret and present the 'Needs on Disability' page of my client's document?
  • Different by document
  • Based on Disability scenario
  • Summary of data entry plus shortfall
  • Identify need possible need for risk planning
2 Video
22 Critical Illness Protection How do I interpret and present the 'Critical Illness Protection' page of my client's Integrated Financial Plan?
  • Summary of Critical Illness calculator results
  • Determine need for risk planning
3 Video
23 Long Term Care Protection How do I interpret and present the 'Long Term Care Protection' page of my client's Integrated Financial Plan?
  • Summary of Long Term Care Calculator results
  • Determine need for risk planning
3 Video
24 Estate Planning Goals and Objectives How can I interpret and present the 'Estate Planning Goals and Objectives' page of my client's document?
  • Education on main principles
  • Customize client-specific concerns
  • Estate needs - strategy
3 Video
25 Estate Distribution Analysis How do I interpret the Estate Distribution Analysis, or present it to my client?
  • Account distribution
  • Residual distributions
  • Taxation
  • Estate value/erosion
  • Determine need for estate planning
3 Video
26 Planning Assumptions Page How can I interpret and present the 'Planning Assumptions' page of my client's document?
  • Evidence-based, but still estimate
  • Client education
  • Need for reviews
1 Video
27 Tactical Implementation Strategy How do I interpret and present the 'Tactical Implementation Strategy' page of my client's document?
  • From Product Selection Screen, current vs recommended product
  • Difference shows money to be (un)invested
  • Agreement to implement based on education
Video
28 Action Plan How can I edit and present the Action Plan in my client's financial document?
  • Edit table and comments
  • Implementation, new needs, review
  • Client agreement for success
1 Video
Introduction to Integrated Planning How does PlanPlus Planit help me manage the full scope of my clients' financial life?
  • Life goals versus integrated planning
  • Goals plus investment plus risk
  • Specialized components
3 Video
FinaMetrica Risk Profile Report How can I interpret the FinaMetrica Risk Profile Report, and how should I use it with my client?
  • Risk Profile in band of popularity
  • Consistency of responses with level
  • Inconsistency - talk through expectations
Video
Auto Model Process How does Planit determine what changes my client needs to make for financial success?
  • Purpose of AutoModel
  • AutoModel steps for solution
  • Client data gathering and presentation
2 Video
Introduction to the Your Working Documents Screen How do I use the Working Documents Screen? How do I create a document or report?
  • Purpose of the screen
  • Document generation
C Video
What Kind of Documents are There? What kinds of documents and reports can I produce on Planit? Which document is right for my clients' needs?
  • Total number of documents and type
  • Sample IPS, PFS, IFP (overview)
  • High overview of document titles
  • Document production by process flow
  • Refer to Your Working Documents, planplus.com
2 Video
Document Sections How can I select which sections of a document to include for my client's plan?
  • Your Working Documents
  • Document section checkboxes
  • Customize for meeting purposes, client type
1 Video
Personalize Your Document How can I edit documents produced by PlanPlus Planit?
  • Word document text
  • Table of Contents
  • Notes/comments
  • Cover graphic
1 Video