4 Ways Referring Your Colleagues to the Same Financial Planning Software Strengthens the Financial Advisory Community

Nov 20, 2023

In the ever-changing world of Financial Advisory services, differentiating from the competition while providing top-notch service to clients is paramount. One essential tool that has revolutionized the industry is financial planning software.

Financial Advisors who have experienced the benefits of using financial planning software that is transparent, easy to learn, and highly customizable should consider sharing this invaluable resource with their fellow Advisor colleagues.

Today, we’re going to explore 4 reasons why Financial Advisors may want to actively refer their peers to use the same financial planning software they are currently using themselves — because the positive impact it can have on the industry is simply massive.

Seamless Collaboration & Communication

By referring colleagues to the same financial planning software, Advisors enable streamlined collaboration and seamless communication within the Advisory community. This shared platform creates a common language and framework for discussing financial strategies and client scenarios. Advisors can easily exchange insights, best practices, and recommendations, fostering a supportive and cooperative environment where knowledge is freely shared. Ultimately, this synergy among Financial Advisors elevates the entire industry’s standards and benefits clients through enhanced expertise and informed decision-making.

  1. Common Platform and Language: With everyone using the same financial planning software, Advisors can communicate using a common platform and language. This eliminates the need for multiple software solutions and ensures that everyone is on the same page when discussing client scenarios and financial strategies. Whether it’s generating reports, analyzing data, or modelling multiple “what-if” scenarios, a shared platform streamlines the process and avoids misunderstandings caused by using different tools.
  2. Real-Time Data Sharing: Good financial planning software will allow for real-time data sharing and updates. Advisors can access financial plans from anywhere at any time. This instantaneous access to data is invaluable, especially in cases where multiple Advisors are collaborating on the same client’s financial goals. It eliminates delays, enhances communication efficiency, and enables quick decision-making.
  3. Client Interaction Transparency: When colleagues use the same software, it becomes easier to track and understand the interactions clients have had with different Advisors within the firm. This transparency is highly beneficial as it helps ensure a consistent client experience, regardless of which Advisor the client is working with at any given time. It also enables Advisors to stay updated on client progress and avoid redundant discussions with clients about their financial history and objectives.
  4. Shared Insights and Best Practices: Financial Advisors have unique experiences and expertise, and a collaborative environment allows them to share their insights and best practices. By using the same financial planning software, advisors can discuss successful strategies, techniques, and approaches that have worked well for specific client scenarios. This knowledge exchange enhances the collective proficiency of the Advisory team, leading to better outcomes for clients. When everyone is using the same planning software, the same financial planning process can be followed.
  5. Training and Support Network: When colleagues use the same software, they can collectively benefit from training sessions and support resources provided by the software provider. This shared support network helps advisors get up to speed quickly with the software’s functionalities and resolve any issues they encounter. The ability to seek guidance from peers who are already familiar with the software further accelerates the learning curve.
  6. Virtual Collaboration: The use of shared financial planning software facilitates virtual collaboration, which is especially beneficial in today’s remote or hybrid work environments. Advisors can collaborate on client cases, discuss strategies, and hold virtual meetings seamlessly, promoting teamwork and strengthening the overall Advisory practice.


Earn free months of service when you refer your Advisor colleagues to Snap Projections. There is no limit on how many times you can do this — 6 throughout the year would mean Snap is half off annually for you 🔥 Start your 14-day Free Trial now!

Consistency in Client Experience

Financial Advisors often emphasize the importance of consistency in providing the best possible client experience. When colleagues use the same financial planning software, they can align their approaches and methodologies. This leads to a consistent delivery of financial advice across the board, irrespective of which Advisor a client is working with. Clients appreciate this consistency, as it ensures they receive accurate and comprehensive financial planning services regardless of any potential changes in their Advisory team.

  1. Uniform Methodology: Financial planning software comes equipped with predefined methodologies and best practices for various financial scenarios. When colleagues use the same software, they adopt a uniform approach to financial planning. This ensures that clients receive a consistent level of service, regardless of which Advisor they are working with within the firm.
  2. Unified Reporting: Financial planning software generates reports and presentations for clients that are often crucial in gaining the clients’ buy-in. These reports contain the story of their current financial situation, short-term and long-term financial goals, and cash-flow and retirement projections. By using the same software, Advisors can deliver reports with a consistent layout and structure, making it easier for clients to understand and compare their progress over time. Even reporting platforms that are highly flexible and customizable to meet unique client needs and preferences will produce a unified and consistent look.
  3. Coordinated Financial Strategies: Consistency in client experience also extends to coordinated financial strategies. Advisors can collaborate on complex client cases and share insights on the most suitable approaches. Whether it involves tax planning, retirement strategies, or investment decisions, a shared planning platform ensures that Advisors are on the same page, leading to well-coordinated financial strategies for clients.
  4. Holistic Client Reviews: Periodic client reviews are essential for evaluating progress and making necessary adjustments to financial plans. When colleagues use the same financial planning software, these reviews become more comprehensive and meaningful. Advisors can seamlessly pick up where others left off, ensuring that clients receive well-rounded and continuous advice that aligns with their long-term goals.
  5. Seamless Client Transitions: In larger Financial Advisory firms or in situations where advisors may transition to different roles, consistency in client experience becomes especially important. With shared financial planning software, the transfer of clients between Advisors is smoother, and there’s a reduced risk of clients experiencing disruptions or feeling disconnected from their financial plans.

Efficiency and Time-Saving Benefits

Time is a valuable resource for Financial Advisors, and maximizing its use is crucial for business success. Doing more plans in less time is almost always the goal. Referring colleagues to the same financial planning software streamlines processes and reduces the need for duplicated work. Advisors can share templates, custom reports, and client data securely and efficiently. This newfound efficiency frees up more time for Advisors to focus on building stronger relationships with their clients and growing their practices.

  1. Streamlined Workflows: Using the same financial planning software across the Advisory team streamlines workflows and creates a standardized process for various tasks. Advisors can follow consistent steps when gathering client data, conducting analyses, and creating financial plans. This standardization minimizes errors, reduces redundant efforts, and ensures that all Advisors are on the same page when working with clients.
  2. Efficient Scenario Modelling: Financial planning software enables Advisors to model different scenarios and assess the potential impact of various financial decisions. With shared software, Advisors can collaborate on scenario modelling for complex client situations. This collaborative approach accelerates the analysis process and allows for more comprehensive financial planning discussions. The best financial planning software will allow for multiple “what-if” scenarios to be created in real-time, further expediting the planning process.
  3. Faster Report Generation: Generating customized reports for clients is a regular part of the Advisory process. With shared financial planning software, Advisors can access pre-designed templates and reporting inclusion choices, saving time on report creation. The software’s ability to generate reports with up-to-date data ensures that clients receive the latest information about their financial plans quickly.
  4. Quick Client Updates: Clients’ financial situations will change over time, particularly when major life events occur. Using shared financial planning software, Advisors can efficiently update clients’ financial plans regularly, ensuring that they are always aligned with their current circumstances. A shared software that allows for easy and quick updates will be optimal.



Earn free months of service when you refer your Advisor colleagues to Snap Projections. There is no limit on how many times you can do this — 6 throughout the year would mean Snap is half off annually for you 🔥 Start your 14-day Free Trial now!

Increased Software Familiarity and Proficiency

When multiple Advisors use the same financial planning software, it creates a network effect that facilitates greater familiarity and proficiency with the tool. As Advisors refer others to use the software, it creates a network of support and resources for learning and troubleshooting. As a result, Advisors become more adept at leveraging the software’s advanced features, optimizing its capabilities, and discovering new ways to enhance their Advisory services. This increased proficiency benefits both Advisors and their clients, as it enables more sophisticated and accurate financial planning.

  1. Consistent Training and Onboarding: When Financial Advisors within the same firm or community use the same financial planning software, training and onboarding become more efficient and consistent. New Advisors can undergo standardized training on the software’s features and functionalities together, ensuring a smooth transition into their roles. This consistent training approach establishes a solid foundation for using the software effectively.
  2. Knowledge Sharing and Support: As more Advisors adopt the same financial planning software, a knowledge-sharing culture emerges. Experienced Advisors can mentor and support their colleagues, sharing tips, tricks, and best practices for utilizing the software to its full potential. This collaborative learning environment enhances software proficiency across the Advisory team.
  3. Common Language for Discussions: When colleagues use the same software, it creates a common language for discussing client cases and financial strategies. Advisors can refer to specific software tools and features during discussions, making it easier to communicate complex ideas and insights. This shared understanding leads to more effective collaboration and problem-solving.
  4. Advanced Feature Exploration: Financial planning software often offers a range of advanced features and modules that can significantly enhance Advisory services. When multiple Advisors use the same software, they are more likely to explore and utilize these advanced features, unlocking additional value for their clients. This exploration is encouraged through the collective sharing of insights and success stories.
  5. Continued Professional Development: Financial Advisors are committed to continuous professional development to stay updated with industry trends and best practices. With shared financial planning software, Advisors have a mutual interest in maximizing its potential. This shared motivation drives ongoing learning and improvement, leading to a more knowledgeable and proficient Advisory team.
  6. Uniform Reporting and Documentation: Shared financial planning software ensures that Advisors follow a standardized approach to reporting and documentation. This consistency extends to creating financial plans, generating client reports, and maintaining records. Uniformity in these processes enhances the overall professionalism of the advisory practice.

The power of referral cannot be underestimated in the Financial Advisory world. By recommending their trusted financial planning software to colleagues and peers, Financial Advisors contribute to a stronger and more connected Advisory community. The benefits of seamless collaboration, consistency in client experience, efficiency gains, and increased proficiency are just a few of the advantages that can be unlocked through collective adoption of high-quality financial planning software. Ultimately, the clients are the true beneficiaries of such a collaborative and empowered Advisory community, receiving superior financial advice and achieving their financial goals with greater confidence.


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Furthermore, as a Snap Projections user, there’s something in it for you. We truly appreciate it when you help us grow by referring friends and colleagues. Each referral helps us keep our subscription costs low and further improve the product for you, the current user. If you believe in Snap, sending your colleagues our way is win-win 🙌

Please note that our Referral Program has recently been revamped to provide even more value to Snap users — this post has been updated to reflect the new program that came into effect November 21, 2023.

When a current user of Snap Projections has a fellow Financial Advisor, Planner, or Investment Manager sign-up for Snap based on their Referral, two things happen:

  1. The Advisor who was Referred gets 50% off their first month of Snap Projections. For this to happen automatically, the Referred Advisor must start their 14-day Free Trial using the special Referral link that a current Snap user provided. If the Referring Advisor is unable to send the special link, they can inform the Snap team over email about the Referral, and the process will be completed manually.
  2. If the new user stays with Snap Projections beyond their 14-day Free Trial and 30-day money back guarantee grace period, thus becoming a paying user of the software, the Referring Advisor will receive one free month of their own Snap plan. If they are on annual billing, they will receive a $100 credit (for each Referral!) off their annual renewal.

There is no limit on how many times you can do this — 6 throughout the year would mean Snap is half off annually for you!🔥


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The Financial Advisor's Marketing Guide


The Financial Advisor’s Marketing Guide

Learn how to build an online presence, create and share valuable content, and engage with prospects and clients through email marketing.