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Overview
The suite of engagement calculators has been designed to simplify the process of modelling loans, investments, superannuation, and retirement scenarios individually.
They provide a streamlined approach, allowing you to quickly model and demonstrate the benefits of the different strategy scenarios.
This focused functionality allows you to efficiently analyse and plan for specific financial scenarios.
All the calculators share a common underlying framework, making them user-friendly and consistent in design.
As a result, you will find that the Investment Calculator closely resembles the design and functionality of the Loan Calculator and similarly the functionality extends throughout the Superannuation & Retirement feature.
This similarity is designed to make your experience smoother and more familiar, regardless of the specific calculator you are using.
Access
From a client record, hover over the Cashflow tab and select Engagement Calculator from the drop-down menu.
The engagement calculators page will open, where you can currently select from one of three calculators to begin your analysis.
It is important to keep in mind when selecting the options that:
Select Existing - An instance that you have created, but does not contain Fact Find Data
Select Existing [Fact Find] - An instance that has been created from Fact Find Data. Note, after you modify this, it still shows up as Select Existing [Fact Find]
Create New - A blank instance is created with only the information entered by you.
Current Available Calculators
Jump to:
Loan Engagement Calculator
To initiate the analysis, hover over the chosen tile. The options will display, which include creating a new analysis or opening a saved one. Simply select Create New to proceed, or Select Existing to select a premade scenario with the fact find data.
📌Note
Selecting Create New will create an entirely new instance with no data from the Fact Find.
Choosing Select Existing will show previously saved Instances including an automatically created one with Fact Find data, it will also allow you to create a new instance from this section.
Adding data will not change the data in Fact Find.
Once selected, data can be entered directly into the fields or by using the toggles to change any basic details of the loan, such as Balance; Interest Rate; Term; Repayment Amount; Frequency; and Type.
📌Note
When selecting the default instance from the existing list, Fact Find data will be automatically imported, and you have the flexibility to modify this data or add new information as needed.
For clients without existing Fact Find data, new data can be created directly within the tool. To start a completely new instance with no Fact Find data select Create New.
To undertake more detailed projection capabilities, select Advanced, from the bottom of the menu panel to enter more complex projections. Here, you can access more intricate projections, including future adjustments to:
Interest rates
Drawdowns
Repayments
Loan Terms
Add the relevant values and select Apply Changes to update the graph on the basic screen. Hover over the graph to see detailed values for each year. It is also possible to preview the changes prior to committing to them.
Selecting Save will allow you to choose between Saving the analysis or selecting
Save As to duplicate it without altering the original instance.
The saved analyses can be conveniently compared, allowing for a review of outcomes using the Compare feature.
Simply access the Select Existing option from the main tile to choose the checkboxes next to each saved analysis and proceed to review the outcomes for a comprehensive analysis by selecting Compare.
Investment Engagement Calculator
To initiate the Investment analysis, hover over the chosen tile. The options will display, which include creating a new analysis or opening a saved one. Simply select Create New to proceed.
📌Note
Selecting Create New will create an entirely new instance with no data from the Fact Find.
Choosing Select Existing will show previously saved Instances including an automatically created one with Fact Find data, it will also allow you to create a new instance from this section.
Adding data will not change the data in Fact Find.
Enter basic information and select Update to show the outcomes.
📌Note
When selecting the default instance from the existing list, Fact Find data will be automatically imported, and you have the flexibility to modify this data or add new information as needed. For clients without existing Fact Find data, new data can be created directly within the tool. To start a completely new instance with no Fact Find data select Create New.
To undertake more detailed projection capabilities, select Advanced, from the bottom of the menu panel to enter more complex projections, these include:
Adjusting Returns over Time
Making withdrawals and contributions as either regular or one-off events
Simulating Market crash and recovery
Add the relevant values and select Apply Changes to apply to the graph on the basic screen. Hover over the graph to see detailed values for each year.
As with the loan projections, once multiple instances have been saved, these can be compared.
Allowing for a review of outcomes using the Compare feature. Simply access the Select Existing option from the main tile to choose the checkboxes next to each saved analysis and proceed to review the outcomes for a comprehensive analysis of the projection by selecting Compare.
Superannuation Engagement Calculator
The Superannuation tool empowers you to tailor your client's retirement objectives. It accommodates various aspects including:
Incorporating additional contributions
Adapting pension payments
Entering retirement expenses and other relevant variables
Evaluating the sufficiency of the superannuation balance to support the client's retirement at a specified time and extend beyond their life expectancy.
To initiate the Superannuation projection, hover over the chosen tile. The options will display, which include creating a new analysis or opening a saved one. Simply select Create New to proceed.
📌Note
Selecting Create New will create an entirely new instance with no data from the Fact Find.
Choosing Select Existing will show previously saved Instances including an automatically created one with Fact Find data, it will also allow you to create a new instance from this section.
Adding data will not change the data in Fact Find.
Enter the basic information and select Update to illustrate the outcomes.
📌Note
When selecting the default instance from the existing list, Fact Find data will be automatically imported, and you have the flexibility to modify this data or add new information as needed. For clients without existing Fact Find data, new data can be created directly within the tool.
To start a completely new instance with no Fact Find data select Create New.
To undertake more detailed projection capabilities, select Advanced, from the bottom of the menu panel to enter more complex projections, these include future changes to:
Adjusting returns over time and between super and pension phases
Making withdrawals and contributions to the accumulating super balance
Making lump sum withdrawals from the pension balance and changing pension payments over time
Simulating market crashes
As with the other tools, once multiple instances have been saved, these can be compared. Allowing for a review of outcomes using the Compare feature.
Simply access the Select Existing option from the main tile to choose the checkboxes next to each saved analysis and proceed to review the outcomes for a comprehensive analysis of the projection.
Export Reports
We've added some updates to the reporting features in our Engagement Tools suite. Now, you can create reports that include tables, graphs, and yearly projections. This new functionality provides you with more detailed insights, helping you connect with your clients on a deeper level.
Navigate to Loan, Investment, or Superannuation.
Excel Reports
Select Export Report from the top right of the modelling window to download an Excel report.
A confirmation Prompt will show, and the report will be downloaded to your browser's Download Folder.
📌Note
If the file doesn’t download, please clear your cache or check your adblocker settings.
Opening the file, you will see the graphs depicted in the modelling tools, as well as an editable table of the values entered.
While the Excel sheet is editable there are no formulas applied within it, and the data does not feed back to AdviserLogic.
PDF Reports
We have updated the existing reporting functionality within Engagement tools to include PDF.
You can now create detailed reports, including Graphs and Table views for yearly projections, providing deeper insights, to help streamline the decision-making process.
Select Create Report to choose a report type, then PDF to download a PDF report.
A confirmation Prompt will show, and the report will be downloaded to your browsers Download Folder.
The PDF file will show a comprehensive breakdown of the applied data, including graphs and tables.
📌Note
The PDF file is not editable.
FAQ
If I change anything in the engagement tools, will it change my Fact Find data?
If I change anything in the engagement tools, will it change my Fact Find data?
No, any change in the engagement tools will not flow back to Fact Find, you can always choose to create a duplicate of the instance to keep the parent instance as it is added in the Fact Find.
Can I export the instances in report format?
Can I export the instances in report format?
The report capability is not currently available. It is recommended to use screenshots of the graph/s that you wish to share with the clients. The capability to export graphs is being developed and will be available by Q2 2024.
Can I change the loan interest rates?
Can I change the loan interest rates?
Yes, you can add multiple interest rates from the advanced option in the loan engagement tool. Please enter start date and end date (Max - in the case that you wish to change until the end of loan term) with the desired interest rate, and update the graph.
Can I change the investment return?
Can I change the investment return?
Yes, you can change the return from the advanced option in the investment engagement tool. Please enter the start date and end date (Max - in the case that you wish to change till the end of the term) with the desired rate of return and update the graph.
How many instances I can compare together?
How many instances I can compare together?
You can compare a maximum of 5 and a minimum of 2 instances. You can also toggle between graphs to see the differences in each instance.
Can I model an offset account?
Can I model an offset account?
Currently, our loan engagement tool does not support offset account capability. However, when released, our holistic modelling tool will include the ability to observe the impact of an offset account.
How does market crash calculation work?
How does market crash calculation work?
This is more like a 'What- If' case where you can model a market crash that you speculate may happen e.g., in 5 years or 10 years from now.
Crash On - denotes when you think the market may fall.
Crash % - denotes how much the market will fall.
Recovery % - denotes how much will it recover from the fall
Recover By - denotes when.
E.g. You wish to model that the market may fall by 30% on July 2029. In this case, if you have $100 in the investment then it will go down to $70 and you can allocate the recovery percentage (how much will it recover as compared to $100) and the date it will recover.
Do I need to have Fact Find data filled in to use Engagement Tools?
Do I need to have Fact Find data filled in to use Engagement Tools?
No, you can use the Create New option from the engagement tool cards and enter any number in the input field, then select the Update button to see the changes. You can save the instance after you have achieved your desired outcome.
Note
Nothing will flow back to Fact Find from the engagement tools.
Assumptions
Please refer to the Legislative Changes article to find the most current values