Calls for psychometric risk-profiling to be made Canada’s gold-standard

The Investor Advisory Panel wants psychometrics to be adopted as best-practice for risk-profiling and criticises the CSA’s Client Focused Reforms proposal for falling short of adopting an overarching best-interest standard. In its Annual Report the Panel says it recognises that investors gain some protection from the inclusion of best-interest principles in areas including know-your-client, know your product and suitability. But it says an overarching best interest standard is needed to fill the gaps that arise when a matter is not specifically dealt with by the proposed reforms. The Panel’s call for psychometric testing to be made the gold-standard continues its long campaign to improve standards around risk-profiling. In 2015 PlanPlus assisted the Panel by preparing a report on the way … Continued

Ontario makes ‘financial planner’ and ‘financial adviser’ regulated terms

For the first time Canadians using the titles ‘Financial Planner’ or ‘Financial Adviser’ will be required to hold credentials from an approved body to prove their qualifications, under new laws proposed in the 2019 Ontario Budget. The Financial Professionals Title Protection Act, 2019 closes a gap that allowed unqualified people to use the terms financial planner or financial adviser to represent themselves as more qualified and capable than they are. Canada’s governing body for financial planning, FP Canada, has campaigned for this change and welcomes the announcement. The word ‘Planner’ in combination with any of the following words, for use in titles, would be expressly prohibited for anyone not holding an approved credential: Financial Wealth Retirement Portfolio Asset Asset Management … Continued

PlanPlus Inc. launches miPlanPlus – a major breakthrough in online advice

    FOR IMMEDIATE RELEASE Las Vegas, USA, November 3, 2016 – PlanPlus is delighted to announce the launch of miPlanPlus – the first Generation III white-labeled Robo advisor that fully integrates current financial services industry best practices. An innovative provider of financial and investment planning software currently used in 30 countries around the world, PlanPlus is proud to be partnering in this endeavour with FinaMetrica – the acknowledged leader in the field of psychometric risk profiling. PlanPlus has been carefully monitoring trends in the Robo space for some time, and has identified shortcomings of the existing offerings which, when properly addressed, will produce an online advisory platform that delivers significant benefits to both individual investors and the financial institutions … Continued

FinaMetrica Risk Profiling integrates with the SCOPE KYC Portal

Our FinaMetrica Risk Profiling is now fully integrated with the SCOPE KYC Cloud Portal — a ‘know your customer’ solution for European wealth and asset managers, who must to meet the requirements of MiFID II and the GDPR. SCOPE marketing technology is based in the Netherlands, where it has been developing CRM software for more than 30 years. SCOPE chose FinaMetrica as the ‘best-of-breed’ risk profiling partner.  https://scope.nl/news/the-scope-kyc-cloud-portal-integrates-with-planpluss-finametrica/

Academy of Financial Services (AFS) Announces Two Best Paper Awards

FOR IMMEDIATE RELEASE Las Vegas, NV, Oct 20, 2016 – The Academy of Financial Services held its 31st annual meeting at Harrah’s Las Vegas where they announced two “Best Paper Awards”. Jeff Camarda was awarded the PlanPlus Best Paper Award for his Draft PhD Dissertation from the American College for his research on “Do Financial Advisory Designations such as CFP®, ChFP® and CFA® Connote Lower FINRA Misconduct?” The AFS Conference is the premiere academic conference in the personal finance sector with over 120 attendees and research papers from institutions in the US, Canada, Europe, Scandinavia, South East Asia and New Zealand. Best Paper Awards are based on “blind” or “double-blind” assessment criteria where a panel of judges evaluates the papers … Continued

Award Winning Research Published in Journal of Financial Planning

Shawn Brayman and co-author Larry Frank Sr.’s award winning research paper was published in the November edition of the Journal of Financial Planning. The paper entitled “Combining Stochastic Simulations and Actuarial Withdrawals into One Model” was recently awarded the Academy of Financial Services – CFP Board Award for Best Retirement Planning Research. View paper  

PlanPlus Global Newsletter – Oct 2018

Knowing your client is proving to be good for the advisor’s business! ‘What’s best?’ is the question we try to answer this month as we do a ‘deep-dive’ into the research around risk profiles, asset allocation and why really knowing your client is proving to be good for the advisor’s business! View Newsletter

PlanPlus President receives additional research award

Shawn Brayman and co-author Larry Frank Sr. received the AFS-CFP Board Award for Best Retirement Planning Research while attending the Academy of Financial Services Annual Meeting. The paper, “Combining Stochastic Simulations and Actuarial Withdrawals into One Model” will be published in the November issue of the Journal of Financial Planning.

Announcing 2018 PlanPlus Global Financial Planning Awards Winners

For immediate release October 2nd, 2018 PRESS RELEASE Announcing 2018 PlanPlus Global Financial Planning Awards Winners PlanPlus Global, the world-leading combined financial planning, risk tolerance profiling and suitability firm, today announces and congratulates the winners of the Global Financial Planning Awards 2018 competition. The awards were launched six years ago to increase understanding of the important role played by financial planners around the world. Recognizing the global reach of PlanPlus, the awards invites entries from financial planners in the three regions in which the firm operates – the Americas, Asia and Europe/Australia. Winners receive a paid-for place at the 2018 FPA Annual Conference – this year being held in Chicago on October 2 – where they will be presented with … Continued

PlanPlus Global launches new brand identity and reveals details of new products and services

For immediate release September 27th, 2018 PRESS RELEASE PlanPlus Global launches new brand identity and reveals details of new products and services PlanPlus Global announces the launch of its new brand identity and reveals development of evolutionary new products and services. PlanPlus Global is the evolution of a decade-long collaboration between two award-winning firms, FinaMetrica Pty Ltd. and PlanPlus Inc. In August 2017, the firms formally combined their 40 years of experience to advance the development of the industry’s first comprehensive integration of world-renowned risk tolerance profiling capability with state-of-the-art financial planning software and ongoing tracking of investment suitability. This powerful combination will enable financial advisors, enterprises and institutions to deliver the highest standard of advice to clients through the … Continued

PlanPlus Announces the 2018 Canada Financial Planning Award Winners

FOR IMMEDIATE RELEASE Halifax, Nova Scotia, Canada, June 11, 2018 – PlanPlus CEO, Shawn Brayman presented the 3rd annual PlanPlus Canada Financial Planning Awards during the opening of the 2018 CIFPs Conference in Halifax. Paul Tyers, CPA, CA, CFP®, CIM, Managing Director & Portfolio Manager, of Wealth Stewards in Toronto, Ontario was the 2018 winner. Jason Pereira, CFP®, of Woodgate Financial Inc. (IPC), Toronto, came in as first runner-up and Sterling Rempel, CFP® of Future Values, Calgary, Alberta is second runner-up. “The names of the winners were announced on May 11th; however, the placements were not announced until the awards ceremony which took place at the annual CIFPs Conference in Halifax,” said John Page, Awards Chair. “We are very pleased … Continued

FinaMetrica & Advicefront Improve Suitability Outcomes

        28 May 2018 PRESS RELEASE   FinaMetrica & Advicefront Improve Suitability Outcomes   FinaMetrica, part of PlanPlus Global, and Advicefront today announced an integration that enables subscribers to FinaMetrica’s award winning risk profiler to issue an invitation to a client to take their risk tolerance test. FinaMetrica is always pleased to work with others in the financial community to improve outcomes for advisory businesses and their clients. We are particularly keen to work with developments that bring best practice technology and practice into play. The key to a defensible suitability process is an investor’s informed consent. This can only be achieved when all relevant information is available and usefully displayed.  said Paul Resnik, Director of Global Marketing … Continued

PA360: Why IFAs must get intimate with clients – Paul Resnik

Speaking at PA360 about risk and retirement goals, Paul Resnik said that the best thing advisers can do is to build intimate client relationships as the profession is driven towards commoditization and increased use of technology. View full article

Shareholder Service Group Partners with PlanPlus Global to offer FinaMetrica Technology and Services

FOR IMMEDIATE RELEASE San Diego, CALIFORNIA, April 19, 2018 – PlanPlus Global, today announced a deal to offer the FinaMetrica Risk Tolerance toolkit to the independent RIAs working with Shareholders Service Group (SSG) as part of the overall SSG technology and service offerings. Announced as part of its SSG 2018 Annual Conference, the agreement will allow independent RIAs working with SSG access to the FinaMetrica risk tolerance toolkit at a reduced price. “At SSG, our mission is to provide independent RIAs with all of the tools they need to ensure excellent service and support for their clients,” said Dan Skiles, President. “This new relationship and preferred pricing arrangement for FinaMetrica further supports this mission as well as assists the independent RIAs … Continued

PlanPlus announces opening of Sixth Annual Financial Planning Awards

FOR IMMEDIATE RELEASE The PlanPlus 6th Annual Global Financial Planning Awards have launched Toronto, CANADA, March 26, 2018 – PlanPlus Global announced the opening of the 6th annual PlanPlus Global Financial Planning Awards competition. The awards reward excellence in financial planning and brings global recognition to financial planners who create extraordinary value for their clients. For purposes of the competition there are three regions: Asia, Europe, and the Americas. Each region has three winners. Financial planners from all countries are encouraged to participate. Competitors must submit a copy of a comprehensive plan that has been presented to a real client. A panel of expert judges evaluate each plan based on the quality, depth of the analysis, and recommendations provided. Winners … Continued

PlanPlus announces 2016 Global Financial Planning Awards Winners

Toronto, Ontario, CANADA, Aug 10, 2016 – PlanPlus announces the winners of the 2016 Global Financial Planning Awards, with Rose Swanger from Tennessee taking the honors for the Americas region, Ann Marie Regal of Singapore coming out on top for Asia and David Reed from Australia winning for Europe/Australia. The PlanPlus Global Financial Planning Awards were launched four years ago to recognize the importance of financial planning in our society. Top financial planners from three global regions – the Americas, Asia and Europe/Australia – are recognized. Competing planners must submit a written financial plan that has been developed and presented to an actual client and which clearly shows the delivery of outstanding financial advice focused exclusively on the client’s best … Continued

FinaMetrica Wins WealthBriefing Swiss Award 2018

FOR IMMEDIATE RELEASE SWITZERLAND, February 2018 – FinaMetrica has been crowned ‘Best Risk Profiling Solution’ at the 5th Annual WealthBriefing Swiss Awards 2018. Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted advisor communities, the awards were designed to recognize companies, teams and individuals which the prestigious panel of judges deemed to have ‘demonstrated innovation and excellence during 2017’. “The Risk Profiling Solution category was a strong one but it was our skills in explaining risk and return in a historical context of client risk tolerance that attracted the judges’ attention,” said Paul Resnik, Director of Global Marketing, PlanPlus Global Inc. “It’s when markets correct that the benefits of robust risk profiling emerge. The discussions … Continued

FinaMetrica Launches New Version of Risk Profiling Tool

A new version of FinaMetrica, the popular risk-profiling tool for Financial Planners, has been released. Both the long and short form risk tolerance questionnaires have been rescaled for the 3.0 update, which includes revisions to a number of questions. Find out more

FinaMetrica Newsletter

Our February newsletter provides information on the new version 3 risk test, along with links to release notes, the updated technical manual, updated mappings and updated risk and return reports. The newsletter also  includes an article about winning a Best risk Profiling award, the 2018 Software Survey results regarding Satisfied Clients, and a link to a recording where Paul Resnik takes part in a panel discussion – Advisors need asset management crash course. View newsletter

The 2018 Canada Awards Competition is Open

FOR IMMEDIATE RELEASE PlanPlus launches its third annual Canada Financial Planning Awards competition Toronto, CANADA, February 19, 2017 – PlanPlus announced the opening of its third annual Canadian Financial Planning Awards competition. The winners of the competition will be honoured at the Canadian Institute of Financial Planners (CIFPs) 16th Annual Conference in Halifax and will then move on to compete in the PlanPlus Global Financial Planning Awards America’s region competition. The competition is open to any Canadian advisors who hold a recognized professional designation, are in good standing with a financial planning association or other professional body, and run their practices using a fiduciary standard. Planners must submit a real client’s plan, which is redacted to protect client confidentiality. An … Continued

Dutch CRM Integrates with Global Suitability Specialist

FOR IMMEDIATE RELEASE SCOPE Adopts PlanPlus’s Risk Profiling Solution Toronto, CANADA, February 12, 2017 – SCOPE Marketing Technology b.v. today announced they had integrated the FinaMetrica risk tolerance test and miPlanPlus goal based profiler into their new SCOPE KYC Cloud solution. “SCOPE, a CRM leader in the Netherlands for over thirty years, now meets the new European Know Your Client requirements that went into effect January 2018.” said Shawn Brayman, CEO of PlanPlus Global. “We’re excited to have them integrate their platform to our multi-jurisdictional risk profiling and assessment solution.” “We’re experts in collecting information about clients, analysing data and tracking communications. We recognized that MiFID II’s requirements for a defensible scientific risk profiling methodology needed expertise we did not … Continued

Wealth Tech Club interviews Shawn Brayman for Digital Advisors Research Series

This article features an interview with PlanPlus Global CEO Shawn Brayman. The article – PlanPlus: Goal-based Financial Planning with ease talks about the vision of the company, development processes and marketing goals. The article highlights the company’s approach to building a team of experts and to dealing with issues that arise in the financial community. Read the article here

Risk-Testing Portfolio’s May Help Win Clients

Here is the latest news from FinaMetrica. This month highlights findings from Bob Vere’s case study testing of two FinaMetrica integrations. Be sure to read the article on Compliance Becomes a Boardroom Issue to learn about Old World Compliance vs. New World Compliance. Also covered in this edition are – Digital Technology Should Make Decisions Easier, The Problems with Unscientific Psychological Tests, and New FinaMetrica Mappings. July Newsletter