Introducing the SnapShot: a one-page summary report of what your client values most

May 3, 2024

Transforming the way financial advice is delivered.

With Snap, you’ve always been able to show your clients their whole life on one page. Now, you can create that same client experience in our newest reporting feature, the SnapShot — a one (or two!) page summary report.

We are thrilled to announce this highly anticipated product update was released overnight and is now available to all Snap users. Canadian Advisors, Planners, and Wealth Managers not currently using Snap are welcome to start a 14-day Free Trial.

In this post, we will share the why behind the build, what Advisors are already saying, how Advisors tell us they plan to use this to better serve their clients, and then we will share three unique SnapShot examples.

 

Why did we build this feature?

The answer to this question is simple.

Presenting and explaining what can be fairly complex issues in layman’s terms is a major challenge for all Financial Advisors, Planners, and Investment Managers.

Our users have asked for a shorter, more digestible client report option.

But, the ask didn’t stop there — our Advisors also wanted something that was still totally customizable for each client — i.e no cookie-cutter solutions wanted.

Different clients care about different things, which means that the most important elements of each plan will be different for each individual.

Snap’s reporting options have always been user-friendly and easy-to-understand for the client, but this solution will transform the way your firm can deliver financial advice.

Now, you can truly show your client their whole life on one page.

What Advisors are already saying:

“I cannot wait for this initiative to be rolled out — you will leapfrog the competition!”

 

“I have been following SNAP and its functionalities for some time. These reports are the best improvements I have seenand are superior to Naviplan, Plan Plus, Conquest or Visionworks.”

 

“YES! This is great. It will make presenting the plan much more palatable to clients. Of all the recent enhancements, this is my favourite”.

 

“I’ve used programs such as Naviplan and FP Solutions, which are very robust. But, a clients eye’s glaze over when I produce 35-50 pages of data. What’s really needed is a nice, concise presentation that a client can easily follow.

 

Instead of creating a recommendations page in Canva, I will instead do one page here. Instead of trimming my Snap output down to six or seven manageable pages, I will just provide a SnapShot to those clients that only want a high level summary (which is probably 9 out of 10)”

 

“I think this SnapShot is also useful to prepare quickly in advance of a meeting with the client (between planning meetings), and helpful to share with other professionals (like portfolio managers) in the client’s network to ensure holistic planning.”

 

 

How Advisors tell us they plan to use this new functionality:

  1. As a stand-alone client deliverable.
  2. As the Executive summary at the beginning of the full financial report.
  3. As a two-page annual or quarterly review.

Canadian Financial Advisors, Planners, and Investment Managers are eligible to start a 14-day Free Trial of Snap Projections financial planning software.

Scenario 1, The Assessment SnapShot:

Our new SnapShot feature can be used to efficiently convey clients’ goals and existing savings strategies, while pinpointing any gaps that require attention. Moreover, this concise document can be personalized with tailored recommendations and next steps, ensuring seamless progression in the planning engagement.

The Assessment SnapShot. Click to enlarge.

 

 

 

Scenario 2, The Retirement SnapShot:

Our SnapShots provide a visual representation of your proposed retirement income replacement strategy, showcasing the impact of recommendations on your net worth, estate, and the overall feasibility of your plan. It’s a consolidated view designed to empower informed decision-making and secure the financial future of your clients.

Our Snapshots provide a visual representation of your proposed retirement income replacement strategy, showcasing the impact of recommendations on your net worth, estate, and the overall feasibility of your plan.

The Retirement SnapShot. Click to enlarge.

 

 

Scenario 3, The Hyper-Personalized SnapShot:

With SnapShots, seamlessly encapsulate client goals, values, and recommendations into concise, one-page documents. This hyper-personalized approach ensures that your client discussion is articulated with clarity and precision, streamlining the planning process for maximum effectiveness.

The Hyper-Personalized SnapShot. Click to enlarge.

 

 

Snap Projections provides transparent, easy-to-use, and highly flexible financial planning software. Canadian Advisors, Planners, and Investment Managers are eligible to start a 14-day Free Trial.

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