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    How Financial Advisors and Planners are simplifying corporate planning and providing more value

    by | Nov 9, 2024 | Advisor Practice Growth

    Have corporate planning discussions with confidence

    Even if you are not currently providing corporate planning, you will still learn a lot during this financial planning tutorial.

    After watching this financial planning tutorial, you will gain the ability to confidently have corporate planning discussions with your clients.

    Specifically, you will be able to:

    • Easily model the impact of the proposed changes to the capital gains inclusion rates
    • Explore potential benefits of corporately-owned life insurance, and
    • Instantly create customized one or two page financial plan report summaries.

     

    In the lessons below, we covered personal input and optimization considerations in addition to layering a corporation onto a personal financial plan. You will see a personal financial plan built from scratch, followed by numerous optimizations.

    Throughout the planning tutorial, you will see multiple scenarios created in real-time.

    Canadian Financial Advisors, Planners, and Investment Managers are eligible to start a 14-day Free Trial of Snap Projections financial planning software. Get started now and you can follow along!

    6 key concepts from 1st video

    During the first video, you will learn:

    • how to build a financial plan from start to finish in Snap Projections
    • how to layer a corporation onto a personal plan
    • how to blend the corporate and personal accumulation and decumulation strategy
    • how to illustrate and compare drawdown strategies to best achieve the client’s goals
    • how to model the impacts of the proposed changes to the capital gain inclusion rates
    • how to build in and compare outcomes of purchasing corporately-owned life insurance

     

    Watch 1st video: Building the Projections

     

     

    Once the projections are finalized during the first video, we then move into the Reporting platform for the second portion of the financial planning tutorial.

    Related:  How to effectively model HELOC scenarios for your clients

    3 key concepts from 2nd video

    During the second video, you will learn:

    • how to build a customized, one-page financial plan summary report
    • how to build a two-page Executive summary that is part of the full financial plan report
    • how to explain the financial plan report to the client in a way they can understand

     

     

    Watch 2nd video: Build a customized 1 page financial plan report

     

     

     

    Additional resources

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