Products
goalgamiPro™
Capture a snapshot of the entire financial picture of a household with the household balance sheet.
ASI’s goalgamiPro captures the goals and resources of a household, and provides the first gauge of affordability of a clients lifetime goal plan. The Household Balance Sheet provides the basis of planning and assessing priority levels within goals and whether they can be funded. The Household Balance Sheet allows the advisor to easily and quickly perform the assessment of whether goals are within reach, or whether goals and resources need to change.
Providing a basic summary of the client’s economic resources and future expenditures.
The goalgamiPro application is a web-based solution that allows advisors to create and maintain cases or scenarios for each household goal plan. Inputs for each balance sheet include certain resources and goals defined by the household.
By interviewing the client using the goalgamiPro workflow, the advisor generates a Goal Funding Analysis Report; a detailed look into the household resources and goals.
Client Case Set Up
The first step to generating the Household Balance Sheet is to leverage goalgamiPro’s client management functionality. This starts with defining the members of the household and the financial accounts that may be included in any case.
- Add houselhold members
- Add account names and types
- Add the financial investment accounts
Defining Household Resources and Goals
The next step in the goalgamiPro process is to define the resources and goals that make up the Household Balance Sheet for a client case. Goals are represented in the application by the relative dates, duration, and priority levels (necessary, target or aspirational amounts) for maximum planning flexibility.
Resources supported include:
- Bank cash or money marketing accounts
- Brokerage accounts
- Tax deferred or tax free retirement accounts: 401(k), IRA, Roth IRA and Roth 401(k)
- Savings and retirement contributions
- Social security, pensions and annuities
Goals supported include:
- Retirement expense goals
- Education goals
- One-Time goals
- Recurring goals
Generating a Balance Sheet Analysis and Balance Sheet Summary
The highlight of the goalgamiPro process is the review of the balance sheet analysis page; this represents the first check for household goal plan affordability. The funding ratio indicates what percentage of the goal priority level is funded with the existing resources. The Margin of Safety indicates the percentage of the resources the household could lose and still fund the priority level. The balance sheet summary provides the overview of the balance sheet values of the household resources and goals.
- Funding Ratio: Percentage of each goal priority level funded by the resources.
- Margin of Safety: Percentage loss that can be absorbed by resources yet still maintain full funding of the goal priority level.
- The key output of goalgamiPro is a Two-Page Report that answers the client's key questions - "What is my plan?" and "Can I afford my goals?"
goalgamiPro is a straight forward assessment tool for the advisor who wishes to create a baseline or periodic review of a client’s household financial circumstances.
COLLABORATION CONNECT™
Improve Advisor Efficiency and Strengthen Client Relationships with goalgamiPro’s Newly Integrated Client Planning Experience, Collaboration Connect.
Collaboration Connect is a secure web site that allows clients to develop their own financial goal plan in a fun and interactive way. Once completed, clients share their plan with their advisor for discussion and recommendations.
(click for larger view)
Collaboration Connect streamlines an advisor’s workflow by allowing their clients to add or edit specific goals on their own time. Because of the wide variety of potential life scenarios that can impact each client, multiple categories are presented within Collaboration Connect to allow clients to personalize each goal.
Give Investors a More Active Role in the Goal Planning Process.
goalgamiPro is a household balance sheet diagnostic tool that enables advisors to create two-page plans for clients, providing an effective and efficient way to help determine the feasibility and affordability of their clients’ financial goals. With Collaboration Connect the advisor is able to gain a more realistic view of their client’s financial goals to have a deeper and more meaningful discussion with their client while reviewing the goalgamiPro Report.
Find out more about licensing the ASI goalgamiPro Solution by contacting ASI Sales at 925.444.1334 or asi_sales@advisorsoftware.com.
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goalgamiPro