Product Overview of Advizr
Advizr is a cutting-edge financial planning software designed to revolutionize the way financial advisors deliver services to their clients. Created by a team of veteran financial planners and experienced technologists, Advizr aims to make high-quality financial planning accessible and cost-effective for a wide range of clients, regardless of their net worth.
What Advizr Does
Advizr is an all-encompassing platform that streamlines the financial planning process, enabling advisors to generate holistic, high-quality plans efficiently. It integrates seamlessly with various aspects of financial advisory services, from lead generation and data discovery to comprehensive financial planning and ongoing client monitoring.
Key Features and Functionality
Automated Advice Delivery
Advizr automates the advice delivery process, allowing advisors to service their full range of clients in a cost-effective manner. This automation reduces the complexity and time required to produce financial plans, making it feasible to offer these services to a broader client base.
Interactive Smart Model
The platform features an Interactive Smart Model that consolidates and analyzes client data points into a dynamic scenario planning module. This model enables real-time adjustments and instantaneous feedback, allowing advisors and clients to optimize multiple asynchronous goals simultaneously.
Hybrid Cash Flow & Goal-Based Planning
Advizr employs a smart adaptive model that applies either cash flow-based or goal-based planning methodologies, depending on the complexity of the client’s case. This flexibility ensures that plans are tailored to individual client needs.
Collaborative Planning
The platform is fully collaborative, supporting self-directed, advisor-driven, or joint live planning processes. This collaboration extends through all stages, from lead generation and data discovery to plan calibration, goal setting, and progress tracking.
Data Aggregation and Integration
Advizr offers seamless data aggregation, integrating with various financial services platforms such as Advent, Riskalyze, Veo TD Ameritrade, Redtail, XY Planning Network, Orion, WealthBox, Schwab OpenView, Quovo, and BlueLeaf. This integration allows for a comprehensive view of the client’s financial landscape, including balance sheets, risk tolerance assessments, and investment performance data.
Lead Generation Tool
Advizr Express is a free lead generation tool that can be embedded on an advisor’s website. It provides a 5-question retirement check-up, giving prospects a high-level overview of their retirement situation and serving as a powerful tool for attracting new clients.
Monte Carlo Simulations and What If Scenarios
The platform includes advanced analytical tools such as Monte Carlo simulations and What If scenarios, which help advisors and clients evaluate the probability of achieving their financial goals and generate action items if necessary.
User-Friendly Interface
Advizr is designed with a sleek and intuitive user interface, making it accessible not only to advisors but also to their clients. The platform’s ease of use and clear layout ensure that both parties can engage fully in the financial planning process.
Enhancements and Integrations
Advizr continuously innovates, with bi-weekly updates and new features added regularly. Recent enhancements include tighter integration with the Orion platform, enabling advisors to view their clients’ complete financial landscape, including current market value, year-to-date returns, and portfolio details, all within the Advizr portal.
In summary, Advizr is a powerful, client-centric financial planning software that simplifies and enhances the advisory process through automation, integration, and a user-friendly interface, making high-quality financial planning services more accessible and efficient for both advisors and their clients.