8/24/2023 0 Comments What is money guide pro![]() 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. Read more about Goal Planning & Monitoring here.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. Because the software is integrated with your client’s information and offers intelligent defaults, you can build a robust retirement analysis in minutes with minimal data input. Goal Planning & Monitoring: This online financial planning software, powered by MoneyGuidePro ®, enables you to create interactive goal plans for clients, build actionable recommendations and monitor plans to help keep clients on track. It’s the ideal tool for creating professional presentations and seminars. You’ll get access to the highly respected Ibbotson Stocks, Bonds, Bills and Inflation graph – and nearly 100 more. Ibbotson Asset Allocation Library: This online inventory of PowerPoint presentations offers a wide range of investment and asset allocation concepts. Knowledge is power – and this library delivers both. ![]() The library’s powerful search engine gives you instant access to a host of investment and financial planning-related articles, charts and tables, all of which may be electronically placed into your customized stationery and used under your byline. The Financial Planning Suite features three primary components:įinancial Planning Library – Forefield: Stay ahead of the curve with a large online database of knowledge that is both clearly written and easy to navigate. ![]() Whether you need to create a “10-minute plan” or a comprehensive financial presentation, this system will save you time and set you apart from the competition. Created with today’s advisor in mind, this best-in-class planning tool is key to serving your clients more thoroughly while you uncover new opportunities. Your position as a well-informed professional will only be enhanced by the cutting-edge information and functionality available through Raymond James’ Financial Planning Suite.
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