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Overview
The Retirement Planning strategy is a Custom Strategy, this is a template with prefilled text relevant to the recommendation, rather than a strategy that calculates data.
Custom strategies are designed to reduce the time and effort required for drafting in the advisory process. By providing pre-filled text data that is relevant to the selected strategy, advisors do not need to start from scratch, saving valuable time.
To learn more about Strategy Types, please read the Strategy Cheat Sheet.
Retirement Planning
Please follow the step-by-step instructions below to prepare advice for the Retirement Planning strategy.
📌Note
You may want to model a Retirement Planning strategy in the Cashflow Module, prior to completing this advice. The modelling can be added to the advice to support your recommendation.
From the Digital Advice - Scenarios Screen, select the Add Scenario icon.
Select the client the advice is for, or select Joint to create advice for your client and partner. Select the type of advice (SoA or RoA), then Proceed To Scope.
Select the Retirement Planning strategy from the Strategy screen.
To adjust your Advice text, use the editor tool at the top of a Word document-inspired page.
It's a user-friendly feature that enables you to customise your text as needed. The text to be customised will be highlighted in Orange, but other text may also be edited.
The text box is pre-filled with two main headings, enabling you to create a well-structured strategy. Start with this and create an advice plan to explain your recommendation to clients.
Retirement Planning - Define the use of the strategy.
Further Planning - Outlining the advice that you are providing to the client.
After editing the text to your liking, select the Proceed to Disclosure Fees button located at the bottom right of the screen. From there, you can add your fees and complete your advice.
After completing the advice, you may add any previously created cashflow modelling to the scenario by selecting the Link Cashflow option from the Scenario Tile. The cashflow tables will be drawn into the final advice document.
