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 Canadian Advisors, we focus on recent updates in Snap and provide tips on how to use the most popular tools efficiently.
During this session, we are going to create a simple scenario for a couple nearing retirement. Once the base plan is created, we will leverage automation features to quickly and efficiently provide our clients with massive value and a great client experience.
We will:
- Provide personalized Recommendations that address important client questions
- Easily build multiple scenarios that we can compare and optimize for improved client outcomes
- Present the information to clients in a digestible and actionable way
Watch the financial planning tutorial
Automation features
Recommendations: Instantly answer your client’s most important retirement planning questions.
- How much can I afford to spend during retirement?
- Am I saving enough?
- What will my spending be if I increase my savings?
- Can I afford to retire earlier?
Compare Scenarios: build multiple what-if scenarios and compare up to 5 options on a single page.
Instantly compare up to 5 scenarios on a single page to compare options and optimize client outcomes. If you wish to see the “Difference” column to instantly highlight the net difference of working together—easily demonstrating your value as the Advisor—select just two scenarios to compare.
Create a SnapShot: the 1-page financial plan report
The SnapShot gives Advisors the option to create 1 or 2-page financial plan summary reports instantly. The full, comprehensive report is available for any client who wants that higher level of detail—but most clients have no interest in lengthy reports. They want to see the items they care about the most, and have a clear understanding of their action items. They are busy and want something clear and easy to understand.
The default SnapShot templates can be used, or you can customize and personalize your own. The data from within your projections automatically populates into your SnapShot template. This is how you instantly pull the short report summary without having to do any additional work. As you update your projections, the data will pull into your SnapShot summary using dynamic variables.
Advisors have found many ways to customize these reports, but they are most often being used in 3 different ways:
- A stand-alone client deliverable as a 1-page report (you can select up to 6 tiles to keep the report to one page)
- A quarterly or annual review (you can select up to 10 tiles for the 2-page report option)
- An Executive Summary to the full, comprehensive report
Next steps
Canadian Financial Advisors, Planners, and Investment Managers are eligible to start a 14-day Free Trial of Snap Projections financial planning software.
Register for the next financial planning webinar.
