Slide 14

Financial Software Packages

  1. Expensive! Sometimes $4,000 first year then $1,000 each year
  2. Linear Assumptions, projected for 50 years actually only help people with linear lives!
  3. 100 page reports provide too much information, much of it very theoretical or not very useful.
  4. Huge amount of work, by both the client and advisor, filling out forms, learning software, and soon go out of date.
  5. All about goals and products.
  6. Mechanically “pigeon holes” the client into products and an over simplified static investment allocation.

Great business plan for the Advisor! How about the client?

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