For individuals, or financial professionals with insufficient client demand to justify an ongoing software subscription, Prospera offers an ad-hoc modelling service.
The service includes:
Financial modelling sample pages
There are significant benefits in tracking the client’s plan once implemented. Producing Track to Plan reports requires the capture of a number of monthly figures from the client’s bank accounts and investment portfolios.
Advisers that offer plan tracking maintain regular contact with their clients and assume a trusted position. They are able to make changes to the implemented strategy as circumstances dictate and can develop an ongoing fee-for-service revenue stream. They are also well positioned to sell additional products to these clients and typically experience less client “churn”.
Prospera can also provide monthly plan tracking services based on the individual or adviser collecting the required financial information. The fee for this service (which includes update of the client’s data and production of a monthly Track-to-Plan report) is by application but is generally around $120 + GST per month.