As we enter Q4 (hard to believe) I thought it would be helpful to put together a quick summary of the major product developments our Advisors have been the most excited about over the last 12 months, in case these are functionalities you need.
There have been numerous “smaller” updates and improvements, but here are the 4 releases Advisors have been the most excited about.
1. Scenario Comparison
Compare up to 5 scenarios on one page.
Update: since this video was filmed, V3 has been released — you can now print your one-page Scenario Comparison!
2. The SnapShot, a one-page financial plan summary report
Instantly create a one-page financial plan summary report from your Projections.
The SnapShot can be used as a stand-alone client deliverable, a quarterly or annual update template, or as the Executive Summary to your full, comprehensive report.
Advisors can start a 14-day Free Trial of Snap Projections here.
3. Federal Budget changes to capital gains inclusion rates
Model the changes to the capital gains inclusion rates.
The team did not miss a beat when the opportunity presented itself to quickly build this new functionality.
They did it with such speed that we even got a shout out from Advisor.ca saying, “… Snap updated its software to model the new capital gains inclusion rate on April 22 — eight days after the budget was released.“
Update: since this video was filmed, the new rates have become the default for the software!
4. The new FHSA account
Get younger clients engaged in the financial planning process by modelling the impact of the new First Home Savings Account (FHSA).
French language
I know I only promised 4 fantastic developments, so here is a bonus one.
I could not leave out the fact that the software is now fully available in French. We’re not sending out anything official until we can provide Bilingual Customer Support … but our new hire is in office and training to serve!
What are Advisors and users of Snap saying?
“I switched to Snap this time last year at the same time I was switching firms. I’ve been overwhelmed with the business changes and there’s no way I would have been able to keep up with my planning work using my old software. I really love the program and the additions over the last year. I love the Snapshots. I was taking from the plan and creating my own version before. The time savings and the improvement to the look has elevated my reports. This was a game changer for me.”
“I suggested a comparison feature last fall. I don’t know if you had this already in the works but the new update is fabulous! It’s a bonus seeing your conceptual charts with this data, making it easier for clients to chose their preferred path; while supporting FAs who push-back against premature accelerated RIF withdrawals.”
“I tried using Conquest planning tools, and, after several months of making use of it, I would actually like to rejoin Snap 🙂 ….I find the tools and layout of Snap to be better, easier to use, and easier to bring to the client.”
As we begin to edge near the end of 2024, our Product team is already working on big plans to meet your needs in 2025.
As always, thank you for being part of the Snap community. We welcome and appreciate your feedback. This software is designed with Advisors, for Advisors. Your new feature requests are what fuel the Product Team.
Snap Projections provides Canadian Financial Advisors, Planners, and Investment Managers with transparent, easy to use, highly customizable financial planning software.
If you know any Advisors who would benefit from this information, feel free to share this blog post.
Canadian Financial Advisors, Planners, and Investment Managers are eligible to start a 14-day Free Trial of Snap Projections financial planning software
