Training Needs

General Information

FinTech Overview

The integration of technology in the financial advisor industry is driving greater efficiency, improving client experiences, and enabling advisors to deliver more personalized and data-driven services.

Planning Software

Click the blanks to see the answer.

CRMs

CRM

Redtail is a _________ system.

Let's walk through the main technology in the financial advising industry and what it is used for.

As XYPN team members, its important that we know about the technology our members use, not only because it's part of our core offering, but also so that we can understand members and thier needs more fully.

Compliance

XYPN Archive is a ___________ tool.

The TAMP

Client Portal

Precise FP is a ___________ tool.

Portfolio Management

Orion

Orion helps with ________________.

Let's see what you know.

Compliance

Included in XYPN Membership or Discounted

Link to Learn More

General Information

eMoney Advisor is a comprehensive financial planning software platform designed to help financial advisors create detailed financial plans for their clients.

Planning Software

CRMs

RightCapital is a financial planning software platform designed specifically for financial advisors.

The TAMP

Orion

MoneyGuidePro focuses on goals-based planning, allowing advisors to assess clients' financial situations and develop tailored strategies to help them achieve their financial objectives

Compliance

Income Lab is a financial planning software specifically designed to help financial advisors create customized income strategies for their clients, particularly focusing on retirement income planning.

Elements Financial is a financial technology that focuses on providing comprehensive financial planning solutions, particularly aimed at helping financial advisors streamline their processes and enhance client engagement

General Information

Planning Software

Overview: A widely used CRM for financial advisors that offers features like contact management, task management, and workflow automation.

Overview: A user-friendly CRM designed for wealth management firms that emphasizes collaboration and communication.

CRMs

The TAMP

Part of the Orion Tech Suite

Included in XYPN Membership

Orion

Key Features: Integration with various financial planning tools, customizable dashboards, and robust reporting capabilities.

Key Features: Task management, shared notes, a client portal, and integrations with financial planning software.

Compliance

Compliance

Comparison

Usability: Wealthbox is generally regarded as more intuitive and user-friendly, while Redtail offers more customization options but may have a steeper learning curve. Collaboration: Wealthbox excels in team collaboration features, making it suitable for firms that prioritize communication within their teams. Integration and Customization: Redtail provides extensive integration capabilities and customizable workflows, which can be beneficial for firms needing tailored solutions. Reporting: Redtail has robust reporting capabilities, while Wealthbox offers simpler reporting features that may suffice for many users.

General Information

The TAMP Process

Planning Software

1. Introduction

Turnkey Asset Management Program

CRMs

2. Client Assessment

8. Compliance & Regulation

The TAMP

TAMP

Orion

Comprehensive Solution

7. Client Reporting

3. Investment Strategy

Scalability

Compliance

Benefits

Integration Capabilities

6. How TAMPs Work (Part 1)

4. Portfolio Construction

More

5. Monitoring & Management

General Information

Orion Advisor Tech Platform

Planning Software

CRMs

Orion Advisor Tech is a comprehensive financial technology platform tailored for financial advisors and wealth management firms. It provides a suite of tools that help advisors streamline their operations, enhance client engagement, and improve portfolio management. Here’s an overview of the key features, benefits, and components of Orion Advisor Tech:

The TAMP

Orion

Discounted through XYPN Membership

Client Engagement

Portfolio Management

Compliance

Compliance

Compliance

Compliance & Risk

Trading Management

Financial Planning

Data Management

XYPN Archive

General Information

Planning Software

Compliance Software

CRMs

The TAMP

Orion

Compliance

Client Engagement

Client Portal: A secure, user-friendly portal where clients can access their financial information, review performance reports, and interact with their advisors. Customizable Reporting: Advisors can generate tailored reports that meet specific client needs, enhancing transparency and communication.

Trading Management

Order Management System (OMS): Tools for executing trades efficiently and managing orders across different custodians. Integration with Custodians: Seamless integration with various custodial platforms to streamline trading and reporting.

Data Management

Aggregation Tools: Ability to aggregate data from multiple financial accounts, providing a holistic view of client assets. API Integrations: Supports integrations with various financial planning tools, CRM systems, and data providers to enhance workflow efficiency.

Compliance and Risk Mgmt

Compliance Tools: Features that help ensure adherence to regulatory requirements, including documentation and reporting functionalities. Risk Assessment: Tools for evaluating the risk profile of portfolios and implementing strategies to manage risk effectively.

Financial Planning

Goal-Based Planning: Tools that enable advisors to help clients set and track financial goals, aligning investment strategies with individual objectives.

Portfolio Management

Performance Reporting: Detailed performance analytics, including returns, asset allocation, and risk metrics, to help advisors understand and communicate portfolio performance. Rebalancing Tools: Automated rebalancing features that enable advisors to maintain target asset allocations in client portfolios efficiently.

Investment Strategy

Based on the initial assessment, advisors utilize the TAMP’s suite of investment options to design a customized portfolio. TAMPs typically offer a range of investment strategies, including model portfolios, ETF selections, and alternative investments. Advisors can select the most appropriate strategy or mix of strategies to meet their clients’ goals while managing risk.

TAMP

Portfolio Construction

TAMP

With the chosen investment strategy, the TAMP helps advisors construct the portfolio, ensuring optimal asset allocation according to the client's risk profile and investment objectives. This construction often includes rebalancing mechanisms to maintain desired allocations over time.

Introduction

A Turnkey Asset Management Program (TAMP) is a comprehensive solution designed to streamline investment management for financial advisors and their clients. By providing a full suite of services—including portfolio management, investment research, and performance reporting—TAMPs empower advisors to deliver professional investment strategies without the burdens of administrative complexities.

TAMP

Compliance and Regulation

TAMP

TAMPs typically include built-in compliance features that help advisors adhere to regulatory requirements. This may involve automated documentation, compliance checks, and alerts about regulatory changes, ensuring that advisors can focus on client service while meeting legal obligations.

Benefits

TAMP

After the portfolio is established, the TAMP continuously monitors its performance. This includes tracking market trends, assessing economic conditions, and analyzing portfolio performance against benchmarks. TAMPs also provide tools for regular rebalancing, ensuring that the portfolio remains aligned with the client’s goals as market conditions change.

Initial Client Assessment

The TAMP process begins with a thorough assessment of the client’s financial situation, goals, and risk tolerance. Advisors gather key information, such as investment objectives, time horizons, and any specific preferences. This foundational understanding allows for tailored investment strategies that align with the client’s unique needs.

TAMP

Client Reporting

TAMP

TAMPs offer comprehensive reporting tools that enable advisors to generate customizable performance reports for their clients. These reports can include metrics such as returns, risk exposure, and asset allocation changes, making it easier for clients to understand their investment performance and overall financial health.

How TAMPs Work (Pt. 1)

We don't like to bore. We don't want to be repetitive. Communicating as always is boring and doesn't engage. We do it differently. We sabotage boredom. We create what the brain likes to consume because it stimulates.

TAMP

Comprehensive Solution

Portfolio Management: TAMPs provide robust portfolio management tools that allow advisors to construct and manage client portfolios based on specific investment strategies and risk profiles. Investment Research: Advisors gain access to in-depth investment research and market analysis through TAMPs, enabling them to make informed decisions. Performance Reporting: TAMPs offer advanced reporting capabilities, delivering detailed performance metrics and analytics.

Scalability

Adaptability for Different Advisory Firm Sizes: TAMPs cater to firms of all sizes, from independent advisors to larger wealth management organizations. Their scalable nature means that as a firm grows, the TAMP can easily adjust to meet increased client demands and operational complexities. Flexibility in Investment Strategies: Advisors can customize investment strategies based on their clients' unique needs, offering flexibility in how portfolios are constructed and managed. This adaptability helps firms differentiate themselves in a competitive market.

Integration Compatability

Compatibility with Existing Systems: TAMPs are designed to integrate seamlessly with a variety of financial planning software, CRM systems, and custodial platforms. This ensures a smooth flow of information and minimizes disruption to existing workflows. Data Aggregation: Many TAMPs provide data aggregation services, consolidating client information from multiple sources into a single, user-friendly interface. This allows advisors to have a comprehensive view of a client's financial situation at their fingertips.

Benefits

Streamlined Administrative Tasks: TAMPs automate many of the time-consuming administrative functions associated with investment management, such as compliance checks, reporting, and portfolio rebalancing. Client Experience: By utilizing a TAMP, advisors can offer clients access to sophisticated investment strategies and professional management without having to build extensive in-house capabilities. Strengthening Client Relationships: With the administrative burden reduced, advisors can focus on what they do best—building relationships with clients. Reduced Overhead: Implementing a TAMP can significantly lower the costs associated with investment management.