Would delaying CPP and OAS to ager 70 help our clients leave a larger estate for their children? As always, the correct answer is—it depends! Recent research has concluded that, "When evaluating RRIF strategies for a client, financial planners must take into account...
With Snap's automation features, Advisors can build financial plans faster than ever before. You can instantly provide personalized recommendations, compare options on a single page, and create a 1 or 2-page report instantly. In this financial planning tutorial for...
Navigating the complexities of personal financial affairs can be challenging for clients, especially when they're just getting started. It's often hard to know where to begin, and there are so many factors to consider. How do they achieve their financial goals when...
How to re-engage with your clients When an existing Advisory client becomes unengaged, how can you reconnect? This is a challenge Advisors are dealing with on a regular basis. Advisors using Snap have shared with us how they use the financial planning software as a...
Personalization is key to client retention If you intend to keep your clients happy long term, providing personalized service is going to be essential. But how can you do that with efficiency? This tutorial tackled this challenge that many Advisors are dealing with —...
In this video, you are going to witness how a basic financial plan can be built from end to end, in just 5 minutes using Snap Projections financial planning software. Watch the 5-minute financial plan build https://youtu.be/JTqPLnQSsMw Canadian Financial Advisors,...
Advisors can do more planning with less data entry while helping their clients to see the value in maximizing TFSA & RRSP contributions. When you can show the personalized impact of what it looks like long-term to maximize contributions for your client, the...
As a Financial Advisor, Planner, or Investment Manager, how can you best help and prepare your clients for their futures? Every client, every case, is going to be completely unique. While yes, there will be commonalities and themes, what truly matters to each...
Should your projections focus on cash-flow or goals-based planning? Cash-flow planning and goals-based planning are two distinct approaches to financial planning, each focusing on different aspects of an individual's financial situation and objectives. Ultimately, the...
You asked, and we built it (again!) Goals-based financial planning We’ve just released a major product update; it’s something our users have been asking for — and it may be a functionality that your practice requires as well. It’s all about being able to dig deeper...
Experienced Financial Advisors can start doing more financial plans for their clients by following these 5 steps. Step 1: Review current client portfolios. Begin by reviewing your current client portfolios to identify clients who may benefit from a financial plan....
Many Financial Advisors that we speak to are already creating financial plans for their clients. Typically, they're reaching out to us because they want to improve their process. We also hear from Advisors who aren't currently creating a lot of financial plans....
As a Financial Advisor, Planner, or Investment Manager, making the decision to switch financial planning software is almost never an easy one. There is much to consider, and every individual is going to have their own list of must-haves. We have spoken with thousands...
Let's begin by discussing the underlying reasons for financial planning. Although we recognize its benefits for clients, it's important to consider the genuine value of implementing a financial planning process for you and your practice. Why having a financial...
The value in financial planning Do you have clients who don't see the value in planning? When your clients don't think they need a financial plan and you're having a hard time articulating the value, what can you do to help them understand? Learn what strategies 4 top...
Did you know that there are new technology rules for Financial Planners? In July 2021, the FP Canada Standards Council added two new rules to their Standards of Professional Responsibility. Certified financial planners (CFPs) & qualified associate financial...
Whether you’re an established advisor looking to grow your business or just starting your career, you cannot ignore a major shift happening in the financial services industry worldwide: we now live in the world of low fees. Today, I’m going to show you how to succeed...
The Home Equity Line of Credit (HELOC) is a revolving line of credit secured by your clients' home. The credit limit on a HELOC combined with a mortgage can be a maximum of 65% of your clients' purchase price or market value. The amount of credit available in the...