Advisor Software this week launched goalgamiPro, a web-based financial planning tool that lets advisors create and maintain multiple household balance sheets to help prioritize and access their clients’ long-term financial goals.

“To help improve their investment planning process, advisors are seeking a solution that helps them go beyond the risk tolerance questionnaire and suitable investments and towards gaining a more in-depth understanding of their clients’ financial goals, resources and commitments quickly when time does not allow for completing a full financial planning analysis,” Neal Ringquist, president and COO of Advisor Software, said in a statement. “The household balance sheet delivered by goalgamiPro is an optimal tool for this quick assessment of goal plan affordability.”

Company officials said the application leverages ASI Wealth Manager, a patented, goal-driven investment management solution. For additional planning flexibility, goalgamiPro allows the advisor to express a client’s goals in multiple priority classes identified as “necessary,” “target” and “aspirational.”

The key output of goalgamiPro is a PDF report of the household balance sheet diagnostic, indicating whether a client can afford to fund his or her financial goal plan.

“Making a goal plan affordable doesn’t have to mean giving up funding a child’s college education to plan for retirement -- household goals can coexist at different funding levels,” Ringquist added. “goalgamiPro allows advisors to have a discussion with clients regarding priority levels within goals and quickly perform this critical balance-sheet analysis without having to invest hours of time preparing a full financial plan.”




Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access