Our Tools

Financial Needs Analysis (Planist FNA)

The assurance of being properly insured

What constitutes adequate coverage?

Finally! A tool that facilitates and justifies insurance needs analysis.
Planist has develop a unique Financial Needs Analysis tool that accurately calculates the amount of insurance required to, pay off debts, replace income, provide for children’s post secondary education, and help realize special projects.

Results from the analysis provide clear and concise information which the client will understand and buy into the pertinence of life insurance as a wealth protection tool.

See example

Estate Leveraging

A simple analysis that hits the mark

In just a few minutes, this tool permits you to illustrate the returns and progression of various classes of investments. This provides you with an accurate framework from which you can evaluate the best investment options for your client: term deposits, equity funds, dividend funds, or life insurance amongst others.

If your client wishes to secure an inheritance for their heirs, the Estate Leveraging tool provides you with a vehicle to achieve this goal by evaluating life insurance as an investment option.

The option is simple to use. Once you enter the main variables (rate of return, length of time, revenue, age, etc.), you’ll have a wealth of information from a life insurance illustration based on the company of your choice. By comparing the premium payments to a periodic investment, you’ll be able to measure and determine the optimal amount of insurance.

This tool is highly beneficial to grandparents as they are sensitive to the heritage that should be left over to the children and grandchildren.

Additionally, children may even be prompted to insure their parents. Estate Leveraging permits you to quantify the value of this option and compare it to an alternative investment.

The Result

You are provided with a clear and concise document which illustrates, using three separate graphs, the progression of the chosen investment vehicles.

Simple, flexible, and effective.

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Portfolio Optimiser

There is an optimal portfolio allocation for each client’s situation and risk profile

The Portfolio Optimiser uses a clear process, in five distinct steps, to recommend the optimal portfolio allocation for each client.

The first step consists of determining the needs and objectives with regards to investments. Once an investor profile has been determined, the system recommends an optimal portfolio allocation that corresponds to that client’s profile. At this point, various technical elements compliment the formal recommendations.

The entire process and results are presented in a clear and concise report supported by all data, statistics, and assumptions.

See example

RRSP Contribution Booster

To get the most out of each dollar invested

The main objective of an RRSP is to help individuals save for their retirement by using a tax effective savings vehicle.

Although it’s possible to invest up to 18% of ones earned income up to the yearly limit, many individuals are unable to take full advantage of their RRSP.

The RRSP Contribution Booster aims to help increase RRSP contributions without unduly tightening one’s budget.

It consists of putting together a series of loans from which one can increase their RRSP contribution while re-paying a part of the loans from the higher tax returns. The balance of the loans is then covered through the same amount of monthly contribution which used to be invested in the RRSP but that are no longer needed.

After having collected all relevant client data, the RRSP Contribution Booster determines the optimal amount of RRSP investment and loan amount that makes the most sense financially and tax wise.

See example

Personal Retirement Optimiser (PRO)

Your clients will benefit from our financial optimisations

See how PRO will help you optimise your clients’ retirements.

Are your clients saving enough to have a comfortable retirement? How can you project and evaluate their income at retirement?

The guiding principle of this analysis and optimisation program is to ensure that one’s standard of living before retirement should be maintained into retirement. No more fumbling with budget plans and other annoyances from typical retirement analysis methods. The Personal Retirement Optimiser (PRO) aims to become the new reference in the industry. Our method is accurate and effective.

It aims to maintain the current standard of living by analysing current income levels and deducting for expenses that are not applicable at retirement. This gives the analysis then simulates the effects of drawing this amount from the various savings and revenue sources once in retirement.

The result is an accurate estimation of how much your clients can earn/draw in retirement and for how long. This invaluable analysis is complimented by before and after results using multiple optimisation options such as increasing RRSP contributions, splitting eligible pension income, etc.

See example

Personal Retirement Optimiser with Estate Analysis (PRO & Estate)

Because your clients should protect their hard earned estate

Protect your clients’ estates by evaluating the tax bill over time.

PRO & Estate is the next logical step following the retirement analysis. This software identifies and isolates the taxable assets at death and factors any asset rollover to the spouse.

In addition to accounting for various types of insurance policies, PRO & Estate calculates the latent income tax liability while factoring in any withdrawals, deposits, returns, and any other future transactions.

You now have the ability to accurately predict the tax bill at death for each year to help your client’s plan for this significant expense.

PRO & Estate is an indispensable tool for those who value Estate planning as a value added service.

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Individual Pension Plan (IPP)

An ideal strategy for entrepreneurs and business owners

The Individual Pension Plan (IPP) is a defined benefit retirement vehicle established for the sole benefit of the entrepreneur or business owner. It permits much higher contributions than RRSP accounts. As the client gets older, the difference between the IPP and RRSP becomes even more significant. All contributions are paid by the company and are tax deductible.

Our simple analysis tools,  supported by calculations reviewed yearly by actuaries, provides you with a means to illustrate the IPP and show the tax effectiveness vs. an RRSP.

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Back-to-Back Annuity

Efficient, cost effective, and secure investments

The back-to-back annuity is specifically designed for a clients (or couples) who have non-registered savings who are concerned with obtaining an adequate net revenue while preserving capital for their heirs.

This strategy provides the possibility to increase net revenues by reducing income taxes and eliminating investment related stress and risk to the estate from financial market fluctuations.

You can achieve these benefits by combining life insurance with a prescribed life annuity.

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Investment Policy Statement

A pathway defining how your investments should be managed

The Investment Policy Statement (or IPS) is meant to be a roadmap to the attainment of your long-term financial goal. It’s a written understanding between the advisor and his client.

The main topics addressed in the IPS are investment objectives, asset mix of the current portfolio, the investor profile, the proposed investment strategy and finally the roles and responsibilities of each party.

See example

Calculators

Reliable tools to facilitate the analysis of your client files

• Net Worth Calculator (example)
• Cash Flow Calculator (Budget) (example)
• Borrowing to Invest in RRSP (example)
• Critical Illness Needs Analysis (example)
• Disability Needs Analysis (example)
• Education Savings Needs Analysis (example)
• Standard Mortgage Vs RRSP contribution (example)
• RRIF minimal withdrawals calculator (example)

The Prospector

The ideal tool to optimise your service to clients

Data mining tool to; improve client service, find new opportunities; create referrals.

In the « Opportunity Analysis » screen, complete each field and indicate if the task is « To do » or » To be revised »; and specify the level of priority for each activitiy.

At the bottom of the screen « Opportunity Analysis », choose in your list of products those which may be interesting for your client. It’s also possible to use this tool as a referral system for your centers of influence.

Once the profile of your client’s completed, The Prospector allows you to create task lists simply by selecting specific criteria.

The Prospector will then create a printable working list.