There is plenty about human beings that is worth noting and applauding, but honestly speaking, nothing deserves both than our desire to grow on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.
Advyzon, a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers, has officially updated integration capabilities with RightCapital, financial planning software that simplifies the complexity of financial planning for advisors and their clients. In case you aren’t aware, Advyzon’s integration with RightCapital sends data directly from Advyzon through API access and offers multiple capabilities, including connecting important information to client plans, allowing advisors to import client profiles from Advyzon into RightCapital. Conversely, users can send reports generated on RightCapital directly to Advyzon. But what are those new features we can expect to be a part of this update? Well, the development kicks off by bringing to us a Single Sign-on option. The stated feature is there to let users log in from Advyzon to RightCapital without the need for separate login credentials, therefore greatly streamlining the user experience and scaling up security. Next up, we have the prospect of Client Data Sync where users can make Advyzon CRM data including contact and net worth information to stay in sync with RightCapital at all times. Such a synergy translates to financial advisers having uninterrupted access of up-to-date client information when performing financial planning and analysis within RightCapital. Once the analysis is done and a comprehensive report is duly generated within RightCapital, users can also share the same to Advyzon with just a simple click of a button. The idea here is to conceive a rather hassle-free process of delivering financial plans, projections, and other reports at the client’s disposal. Hold on, we are still far from done. Moving on, the latest update even hands you the ability to add RightCapital’s Probability of Success widget to Advyzon’s client dashboard and client portal. Designed to facilitate an in-depth look of probability and confidence projections from RightCapital, this particular feature can be segregated into two primary components. Firstly, talk about Probability of Success; it displays the results of a Monte Carlo simulation of 1,000 trials. Building upon that information, it calculates the probability concerning a client not running out of money in any given year based on various financial scenarios. Beyond that, it also shows the median investment asset value at the end of the plan across the 1,000 trials, translating to a crucial parameter for assessing the likelihood of financial success. The second component, coming under the Confidence tab, is Retirement Analysis, which bears the responsibility to provide an outcomes’ assortment from the Monte Carlo analysis over the course of the projection. By doing so, it basically helps financial advisors and clients understand the variability and confidence associated with their retirement plans.
“We’re thrilled that these enhanced data integrations with Advyzon will make it that much easier for our shared advisors and their clients to access important financial metrics at their fingertips,” said Shuang Chen, co-founder and CEO of RightCapital.
Founded in 2012, Advyzon’s rise up the ranks largely stems from a knowhow to conceive comprehensive, intuitive, cloud-based wealth management technology and investment management services for independent financial advisors and registered investment advisors (RIAs). To deliver on such a lofty value proposition, the company combines portfolio management, customizable performance reporting, trading and rebalancing, client web portals, client relationship management (CRM), client billing, and document storage, along with investment management services and a model marketplace offered by Advyzon Investment Management, LLC. Advyzon’s credentials, as far as providing the stated services go, can be understood once you consider how, at the moment, it is serving more than 1,400 advisory firms.
On the other hand, making RightCapital a suitable partner here is its industry-leading skill in terms of creating Right Plans for Real People™. Trusted by thousands of advisors to grow their practices, the company has also been recognized as fastest-growing financial planning software with the highest advisor satisfaction.
“We’re excited to announce these enhancements to our software integration with RightCapital, furthering our mission of empowering Advyzon’s advisors and end investors with the invaluable tools and data insights needed to confidently navigate their clients’ financial journeys, at scale,” said Dirk Pearson, Chief Product Officer at Advyzon. “This upgraded integration offers seamless access to key plan metrics and documents from within Advyzon, delivering an even more holistic overview of the end investor’s financial picture.”
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