Plan comparison

A great way to help your client understand and appreciate the Symplany℠ approach is to quantify and model the difference between their current retirement plan and what they could be doing with Symplany℠.

1. Capture the client's current retirement plan
2. Model the same retirement plan using the Symplany℠ approach
3. Compare the plans side-by-side

Step 1: Capture the client's current retirement plan

1. Click Create new Client & Portfolio

2. Capture the client's basic information on the General page, then click Create

   • Note that the Annual fee is used when calculating future rates of return and encompasses all fees incurred (e.g. advisor fees, fund fees, trade fees, etc.). It does not indicate advisor fees alone and does not impact the accounts listed in any way.

     

3. Quantify the client's current spending, sources of income and savings on the appropriate pages:

   

   

   

4. On the Asset allocation page, select the investment model that most accurately reflects their current situation (e.g. All Profile 4).

   • The Symplany℠ indicator on the far left will indicate the historical likelihood that their portfolio is able to support the spending needs of their retirement plan.

     

Step 2: Model the same retirement plan using the Symplany℠ approach

1. Click the client's last name in the top "breadcrumb trail" to view the current retirement plan

   

2. Click the duplicate button to copy the current retirement plan and then re-name it in the pop-up window. Click Ok to save changes.

   • All plan elements from Step 1 will carry over to this second copy.

     

     

3. Open the General page to update the Annual fee (e.g. if the client will be paying 20 bps to use Symplany℠), and click Save

   

   

4. Click Asset allocation and then click Symplany℠ Default

   • The Symplany℠ Default model chooses the allocations on the far right for every year that give the portfolio the highest likelihood of meeting the needs of the plan. In this particular example, the overall Symplany℠ Indicator increased more than 13 points!

     

Step 3: Compare the plans side-by-side

1. Click the client's last name in the top "breadcrumb trail" to view both plans.

   

2. Click the Compare two plans button and then select the plans from the drop-down menus. Click Next… to continue

   

   

3. A pop-up window will pre-populate a summary for each plan. You can edit the Title, Summary, and Plan details. After setting your preferences, click Generate

   

4. A PDF will automatically download with a side-by-side comparison of the two plans.

   • It's important to emphasize to clients that the two plans have the same planned spending. The only difference is the allocation strategy and fee. Even with the added fee the Symplany℠ portfolio has a higher historical likelihood of meeting the needs of the plan. Symplany℠ also gives the advisor and client a medium for an iterative, goal-focused, and planning-driven conversation.

     Example: