Wealthcare, a wealth management innovation company, today announced that
it has launched a new client engagement tool called “PlanIt”. This new
web-based tool, accessible via https://planit.gdx360.com,
introduces investors to the firm’s patented and distinctive Comfort Zone®
approach, while giving advisors an additional way of prospecting. PlanIt
is built into Wealthcare’s financial planning technology, GDX360®
(formerly called Financeware), which is available at: www.GDX360.com.
Wealthcare differentiates goals-driven experiences with its
advisor-focused GDX360 platform. This approach unites the two pivotal
parts of goals-driven advice – planning and investing – in one connected
experience that gives advisors new ways to see, manage and grow their
business.
“PlanIt gives advisors a simple way to introduce both prospects and
clients to the power of our Comfort Zone approach,” said Matt Regan,
President of Wealthcare. “It also gives investors a fun, game-like
platform to choose various scenarios to see how these scenarios may
impact life situations or goals. We’ve heard from our advisors that
having additional ways to attract new clients would be beneficial. It
also gives advisors the ability to directly import investor-submitted
information into GDX360 to continue the planning conversation.”
“PlanIt can be a game changer for the advisor/client relationship. It
gives clients a simple way to enter some basic information to see how
they’re progressing toward their goals,” said Ryan Oates, Managing
Partner of Water Street Financial, a firm affiliated with Wealthcare
Advisory Partners LLC. “PlanIt also opens the door to more in-depth
conversations between clients and advisors, which can lead to a better
client experience. And even a generic answer to the question, ‘Will I be
OK?’ can help clients open up about their life goals, and PlanIt can
help tear down that wall.”
PlanIt is a web-based planning game where investors provide several
inputs, including choosing different life scenarios like “Start a
Family”, “Retire Early” or “Start a Business”, among others, to
determine a basic Comfort Zone.
Wealthcare’s complete process takes a client’s plan and uses Monte Carlo
simulations to run it against 1,000 different lifetimes of hypothetical
(yet realistic) market returns. This is used to determine the plan’s
probability of exceeding the defined goals. As circumstances change in a
client’s life, so too will their Comfort Zone.
About Wealthcare
Wealthcare, a business unit of Financeware, architected its original
goals-based planning and investing methodology more than 18 years ago
and holds 12 patents on this established goals management process.
Powered by its patented Comfort Zone, Wealthcare’s approach features
innovative, personalized experiences and step-by-step tools that create
deeper relationships between advisors and investors. Wealthcare empowers
firms and advisors to grow their advisory businesses by providing GDX360
– Wealthcare’s proven fiduciary process that seamlessly integrates
planning, investing and trading – and a full-suite of
practice-management services. Wealthcare Advisory Partners LLC is the
firm’s Hybrid RIA, which was created in 2014. Wealthcare is a
Financeware portfolio company with over $2 billion in AUM across both
RIAs, and serving more than 70 affiliated advisors. Learn more at www.wealthcarecapital.com.
About Financeware
Financeware is the industry’s leading fintech platform company focused
on driving strategic growth and expansion of innovative companies across
the new wealth management space. Established by NewSpring Holdings in
2018, Financeware was born of a need to connect winning solution sets to
the fast-moving targets, partners and market relationships playing out
across the entire wealth management sector. With a deep history of
game-changing wins driven by broad and deep market leadership, the group
drives strategic growth of portfolio companies focused in key areas of
wealth management, financial advisory, and data management.
Financeware’s growing portfolio includes Wealthcare, VMS and QUODD.
Learn more at www.financeware.com.
About NewSpring Holdings
NewSpring Holdings, the dedicated, diversified holding company within
NewSpring, with a strategy focused on control buyouts and platform
builds, brings a wealth of knowledge, experience, and resources to take
profitable, growing companies to the next level through acquisitions and
proven organic methodologies. Founded in 1999, NewSpring partners with
the innovators, makers, and operators of high-performing companies in
dynamic industries to catalyze new growth and seize compelling
opportunities. The Firm manages approximately $1.7 billion across four
distinct strategies covering the spectrum from growth equity and control
buyouts to mezzanine debt. Partnering with management teams to help
develop their businesses into market leaders, NewSpring identifies
opportunities and builds relationships using its network of industry
leaders and influencers across a wide array of operational areas and
industries. Visit NewSpring at www.newspringcapital.com.
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