The Gen III white label robo advisor built on best practices

A Robo advisor….but so much more

True, miPlanPlus does everything a traditional Robo advisor does, but characterizing it as just a Robo advisor is selling the application short – it offers so much more! miPlanPlus is designed as a “white label” product that can seamlessly be integrated into any financial institution’s platform, and to this end, versatility is key – our intention is to provide financial institutions with a tool that accommodates a wide variety of different workflows and processes.

Planning

miPlanPlus has a very robust planning process with the following features:

• Projections modelled using graduated tax rates, providing a much higher degree of accuracy than average tax rates;
• Government benefits, private pensions, inheritances and other lump sums can be incorporated to produce a more complete and meaningful plan;
• Both on and off-book assets included;
• Tax-deferred plans properly treated;
• Comprehensive “what-if?” modelling available for both clients and advisors;
• Ongoing monitoring of actual results and comparison with the Plan at the periodicity chosen by the financial institution or the client.

Profiling

Our proprietary Professional Judgement Matrix^TM takes the discovery process well beyond the usual minimalist “check the box” approach and captures all the dimensions needed to accurately define a client’s investor profile. Risk tolerance is measured using the award-winning FinaMetrica risk profiling tool, and the result is enriched with several other measures of risk, all of which translates into a discovery process fully consistent with industry best practices in this critical area. As a result, financial institutions have the comfort of knowing that when investors agree to purchase the portfolios recommended to them, they are giving truly informed consent with a full understanding of the potential consequences and alternatives.

Collaboration

The future of financial planning will involve a lot more collaboration, with clients taking on their share of the work. This is one area where miPlanPlus really shines because of the user-friendliness of its interface, and the technological architecture underpinning it.

miPlanPlus is powered by the same underlying engine as PlanPlus Planit – the much more sophisticated planning application we market to financial advisors and institutions. Thanks to this architecture, clients can do a first round of data entry and explore alternatives with miPlanPlus “what-if?” functions, then hand things over to the advisor who refines the plan with PlanPlus Planit. Thanks to the design of our architecture, data is input once, but available anywhere it is needed via application protocol interfaces (APIs).

 Product recommendations

With the investor profile determined and the plan’s assumptions and projections accepted by the client, miPlanPlus has everything needed to make a portfolio recommendation.  We map the financial institution’s proprietary asset mixes for its model portfolios to the spectrum of investor profiles it has defined. A series of analytics incorporated into this section of miPlanPlus uses historical returns to show how a portfolio with an asset mix similar to the one recommended for a given client performed under adverse conditions, providing a final check that the “fit” is a good one. Among other things, we show the potential for loss in past bear markets and number of months taken to recover from such losses. This section is also be used to disclose the underlying securities making up the recommended portfolio and the costs associated with it.

Interested in finding out more?

This provides you with a thumbnail sketch with some of the features built into miPlanPlus. Want more information?  Click here to download our product brochure.