Planit:Personal Financial Strategy

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There is more than one way to learn about PlanPlus Planit. Check out our other Training options, from structured tracks around planning types, to self-serve, mix-and-match topics.


The Personal Financial Strategy (PFS) presents an life goals strategy to your clients, based on a cash flow-based, multi-goals analysis of their current and model situation. Take a look at the topics below to review all of the different pages and components of the Personal Financial Strategy to understand how to interpret and present them to your clients. Also, you can review sample PFS documents at www.planplus.com.


Personal Financial Strategy Training

Order Title Description Key Points Level Generic
1 Introduction to the Personal Financial Strategy What is the Personal Financial Strategy and what can it do for my client?
  • Life Goals document
  • Plan solutions for goal achievement
  • Philosophy and education
2 Video
2 Purpose of a PFS How can I interpret and present the 'Purpose' page of the Personal Financial Strategy?
  • Strategy based on client's current position, goals and assumptions
  • Client accept basis of strategy
  • Importance of reviews for accuracy
2 Video
3 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
4 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
5 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
6 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
7 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
8 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
9 Life Goals Retirement Strategy How do I interpret and present the 'Life Goals Retirement Strategy' page of my client's document?
  • Review different inflow and outflow sections
  • Change column for goal reduction etc
  • Auto Model process steps
2 Video
10 A Comparison of Results What do the graphs under 'A Comparison of Results' mean, and how can I present them to my client?
  • Current and target scenario
  • Accumulating capital, shortfall or surplus
  • Buy-in to strategy to achieve target
2 Video
11 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
12 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
13 Tactical Implementation Strategy How do I interpret and present the 'Tactical Implementation Strategy' page of my client's document?
  • From Product Selection Screen, current vs recommended product
  • Difference shows money to be (un)invested
  • Agreement to implement based on education
Video
14 Planning Assumptions Page How can I interpret and present the 'Planning Assumptions' page of my client's document?
  • Evidence-based, but still estimate
  • Client education
  • Need for reviews
1 Video
15 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
FinaMetrica Risk Profile Report How can I interpret the FinaMetrica Risk Profile Report, and how should I use it with my client?
  • Risk Profile in band of popularity
  • Consistency of responses with level
  • Inconsistency - talk through expectations
Video
Auto Model Process How does Planit determine what changes my client needs to make for financial success?
  • Purpose of AutoModel
  • AutoModel steps for solution
  • Client data gathering and presentation
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
Document Sections How can I select which sections of a document to include for my client's plan?
  • Your Working Documents
  • Document section checkboxes
  • Customize for meeting purposes, client type
1 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