Planit:What Kind of Documents Are There?
|Learn by Watching!|
The material in this video may differ somewhat from what you see on your site due to difference in version, jurisdiction, corporate content or access level. Regardless of these differences most of the core functions are consistent across all sites, so you'll be able to benefit by and large from what you learn in this video.
|Learn by Reading!|
PlanPlus Planit provides a wealth of choices relative to how your analysis and recommendations are presented to clients. To assist you in understanding the purpose and benefits of each of the most popular documents we have prepared this overview. First we’ll look at the three documents that relate to modular Investment Planning.
|Component||Investment Policy Statement||Executive Summary IPS||Investment Policy Overview||Asset Allocation Comparison Document||Implementation Strategy|
|Style||Comprehensive||Intermediate||Basic||Strategy Highlights||Implementation Only|
|Length||24 pages||15 pages||4 pages||2 pages||1 page|
|Analysis of Current Portfolio||Yes||Yes||No||Yes||No|
|Recommended Target Portfolio||Yes||Yes||Yes||Yes||No|
|Multiple Portfolio View||Yes||Yes||No||No||Yes|
|Tactical Implementation (Product Selection)||Yes||No||No||Yes||Yes|
|Client Educational Content||Significant||Minimal||None||None||None|
|Action Plan Checklist||Yes||Yes||No||No||No|
|Future Planning Action Steps (Transition)||Yes||Yes||No||No||No|
Now let’s consider the three documents that focus on comprehensive planning. Each of these documents address Investment Planning, Retirement and Education Planning as well as needs on Death or Disability. However, their differing depth and breadth allow you to use the tool that suits your personal style and the individual needs of your client.