CRM2, CRM2Plus, CRM2Plus Software, Financial Advisors, investment analysis

Working with the Average Investor

The average investor lacks the time to make sense of their financial reports.  The biggest benefit of using a financial advisor is having a credible, well-educated individual to explain performance and help guide financial decisions.   Explaining financial results and guiding decision making are key roles for the advisor.

Easier said than done!  The majority of financial statements generalize important information into percentages that are not meaningful or easily understood.  Subsequently the onus is on the financial advisor to create clarity, which can become a time consuming task.

Some very successful financial advisors have turned to 3rd party software to help explain client performance.   One well reviewed software application for portfolio analysis is CRM2plus.

CRM2plus software provides clarity to financial statements.  Information is condensed into visuals that are easy to read and understand. Statements can be read into CRM2plus, analyzed and graphed at the press of a button.  Questions such as ‘what if I did this?’ can be answered easily with visuals and actual market data.   Investment Analysis Software

  “How does CRM2plus differ from what is available in the marketplace?” 

Answer:  CRM2plus provides an advisor with tangibles to demonstrate their value to their high net worth clients.

The key competitive advantages of CRM2plus software are;

  • Clients see graphically what was invested and when, against portfolio market value over time.
  • Performance of the complete portfolio can be shown on one graph. The advisor can analyze various assets and aggregate them for a complete financial picture, including external assets such as real estate investments.
  • The advisor can group clients. This is relevant when analyzing a family’s pooled assets such as husband and wife’s RRSP’s, TFSA’s, a family trust, and a business.
  • Benchmarking: Using data from major stock market indices including S&P and NASDAQ , the software can create a transactionally consistent comparison portfolio for benchmarking. Indices can be weighted, to demonstrate the effects of market movements on a client portfolio.

Why is CRM2plus software important?  Success comes from being the best and this is easier with the best tools.   CRM2plus is a competitive advantage for the Financial Advisor to retain high net worth clients.

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investment analysis, Retirement Saving, RRSP

The Value of Financial Advice

by guest blogger Jan Hanson

As a client, you may be wondering what you’re gaining from your Financial Advisor’s advice or whether or not the value they bring to the table is worth paying for.

The average investor doesn’t have the time or the interest to sit down and analyze pages of financial jargon, or the dedication to attempt to dissect their financial statements. While having an advisor can be lucrative in generating higher returns, it also provides access to the opinion of an educated individual and all of their resources.

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If your statements are so muddled you don’t even know where to start, it may bring you peace of mind to know that studies have proven that advised households have approximately twice the level of financial assets as their non-advised counterparts.

Meaning while paying fees for a professional’s guidance may not prove to be immediately beneficial, in the long term, it has proven to generate double the amount you would have made without the advice.

#crm2plus.com

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CRM2Plus Software, Financial Advisors, investment analysis, portfolio analysis software, Software

Time Management and the New Financial Advisor

by guest blogger Jan Hanson

Time management is one of the hardest skills to develop. Anybody can write a list, add 100 tasks and set a due date. A rare few are able to focus long enough to complete more than 5 of these tasks. It’s in human nature to be distracted. What human nature doesn’t understand is that

  • you need to send out those Happy Birthday emails,
  • talk to your Marketing Assistant,
  • confirm your schedule for the next week
  • keep up appearances in relevant community events,
  • and still have time for your friends and family. (…eating and sleeping are extras.)

Life as an Advisor is always going to require time management. Your to-do list is going to increase as you build your business, and perfect your craft. Once you’re at the top of your game you’re still going to be required to juggle all those things you had to juggle before.   Added to concerns about your revenue stream will be:

  • making time to attend to your waiting list of clients,
  • time to manage your Marketing Assistant so that they are not smothered
  • and time to bat off New Training Managers with a stick while they all try and draw you into their New Advisor Training Sessions.

Cut down on the time that you and your Marketing Assistant spend on Financial Analyses’  by using the right software.   There are tools out there, such as CRM2plus, that allow you  to answer questions, graph performance, create speculative scenarios about investing and restults.   Build pictorials that will stun your clients with the benefits that you provide them.  Spend more time building that book of business with happier more satisfied clients.

With all this success, you’re probably going to need another MA though.. it may be  a good idea to hire some of those new advisors too.. just a thought.

Create Clarity for your Clients

 

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Annual Performance Reporting, benchmarks, CRM2, CRM2Plus Software, Financial Advisors, investment analysis

Tired of the using Excel to Prepare for Client Meetings?

Are you a portfolio manager and finding it challenging to create the required CRM2 reports from your legacy system?      Are you tired of using Excel to massage data?

There are tools available that allow you to show clients graphically, their portfolio performance.   There are tools that require much less of your time and provide better results.

One such software tool, CRM2plus, satisfies and goes several steps beyond recent CRM2 regulations regarding performance, allowing you to demonstrate the value of your advice.

The key competitive advantages of CRM2plus software are;

  • CRM2plus reads client’s statements and generates XIRR reports in graphical format.  Clients see graphically what was invested and when, against portfolio market value over time. XIRR and volatility are metric that are provided.
  • Performance of the complete portfolio, or any investment, can be shown on one graph. You can analyze various assets and aggregate them for a complete financial picture, including external assets such as real estate investments.
  • Merging accounts is another feature. This is relevant when analyzing a family’s pooled assets such as husband and wife’s RRSP’s, TFSA’s, a family trust, and a business.
  • Benchmarking: Using data from major stock market indices including S&P and NASDAQ , the software can create a transactionally consistent comparison portfolio for benchmarking. Indices can be weighted, to demonstrate the effects of market movements on a client portfolio.
  • Counterfactual portfolio’s or What if’s: Portfolio’s can be replicated and various “what if?” scenarios graphed against actuals to demonstrate to the client what would have happened if other decisions had been made.

Why is CRM2plus software important for you?  Success comes from a competitive advantage and CRM2plus software gives you that advantage.

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graphical results of investment performance with CRM2plus.com

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benchmarks, CRM2Plus, Financial Advisors, investment analysis, portfolio analysis software

Its time to get professional advice

Its time to get professional advice  –   by guest blogger Anne Leroux

The time when retirement planning was straightly mapped out is long gone.

Investment Analysis Software

To millennials, the   rules   managing our parents and grandparents spending are so farfetched they slide straight into the category of fantasy. The golden lodging rule, to only use 30% of your income for housing expenses, sounds like the stuff dreams are made of. The average among millenials is 60-70% of income on lodging.   Add children into the equation and making ends meet comfortably becomes extremely difficult.  Putting money away to save becomes a pipe dream.

Working to struggle financially is never anybody’s end goal. Take the proper steps to educate yourself on your financial situation, your goals and bridge the gap. Connecting with a financial advisor can minimize the time it takes to build your way to financial stability.

 

www.crm2plus.com

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