Planit:Initial Assessment

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The Initial Assessment (IA) presents an the results of your client's life goals strategy given their current cash flow, goals and asset allocation. This can be a particularly useful document in the Engagement Process, in order to demonstrate your value to potential clients. Take a look at the topics below to review all of the different pages and components of the Initial Assessment to understand how to interpret and present them to your clients.


Initial Assessment Training

Order Title Description Key Points Level Generic
1 Your Goals and Objectives How do I interpret and present the 'Your Goals and Objectives' page of my client's document?
  • Summary of plan data entry
  • Graph of costs for all goals
  • Confirm data entry, agreement to tradeoffs possibly to come
2 Video
2 Net Worth Statement How do I interpret and present the 'Net Worth Statement' page of my client's document?
  • Review of Assets & Liabilities entered
  • All money current available to use towards goals
  • Clients may share more assets
1 Video
3 Cash Flow Statement How do I interpret and present the 'Cash Flow Statement' page of my client's document?
  • Main income and savings
  • Lifestyle expenses graph
  • Detailed cash flow
  • Manage lifestyle needs
2 Video
4 Asset Allocation Page How do I interpret and present the 'Asset Allocation' page of my client's document?
  • Review of Asset Allocation entered
  • Important before implementation strategy
1 Video
5 Needs on Death How do I interpret and present the 'Needs on Death' page of my client's document?
  • Different by document
  • Based on Death scenario
  • Summary of data entry plus shortfall
  • Identify possible need for risk planning
2 Video
6 Needs on Disability How do I interpret and present the 'Needs on Disability' page of my client's document?
  • Different by document
  • Based on Disability scenario
  • Summary of data entry plus shortfall
  • Identify need possible need for risk planning
2 Video
7 Action Plan How can I edit and present the Action Plan in my client's financial document?
  • Edit table and comments
  • Implementation, new needs, review
  • Client agreement for success
1 Video
Introduction to Life Planning How does PlanPlus Planit help me manage my clients' life goals?
  • What is life goals planning
  • Cash flow based methodology
  • Graduated tax calculations
  • Multiple objectives
  • Auto Model process
2 Video
Life Goals Analysis - What Is It? How do I interpret and present the 'What is Life Goals Analysis' page of my client's document?
  • Complex plan incorporating complex tax structure, multiple goals, etc.
  • Differentiate your plan and show value
  • Set the stage for the strategy ahead
2 Video
Life Goals Retirement Analysis Table How do I interpret and present the 'Life Goals Retirement Analysis' page of my client's document?
  • Review different inflow and outflow sections
  • Shortage or surplus with no change
2 Video
Introduction to the Your Working Documents Screen How do I use the Working Documents Screen? How do I create a document or report?
  • Purpose of the screen
  • Document generation
C Video
What Kind of Documents are There? What kinds of documents and reports can I produce on Planit? Which document is right for my clients' needs?
  • Total number of documents and type
  • Sample IPS, PFS, IFP (overview)
  • High overview of document titles
  • Document production by process flow
  • Refer to Your Working Documents, planplus.com
2 Video
Personalize Your Document How can I edit documents produced by PlanPlus Planit?
  • Word document text
  • Table of Contents
  • Notes/comments
  • Cover graphic
1 Video