The Financial Roadmap is a new feature available to our wealth management clients designed to improve the financial outcomes of all of our clients by delivering personalized, useful, and timely guidance through a virtual delivery.
How it works
It generates a prioritized list of financial planning topics such as employer plan analysis, personal savings strategy, and holistic portfolio review based on your personalized data.
Over time, the Financial Roadmap recommends new topics to prioritize based on changes in your data. It also recommends where to prioritize savings, how to pay down debt, build an emergency fund, or the amount to save for their retirement. All of this is based on your accounts and loans aggregated on in your personalized Dashboard.
Advisors can now proactively reach out to you, to discuss the right financial topic at the right time and can easily help you adapt to ever-changing remote environments. The Dashboard serves as a “two-way” window to both the client and advisor, offering a real-time view of what’s going on in your financial life. And as a result, this allows Personal Capital advisors to provide the best advice through a holistic approach.
How to Get Started
Once logged in within the web application, a timeline at the bottom of the screen will appear and walk you through setting up your profile, accounts, as well as introducing you to our tools. The timeline serves as the starting point for our advisory services and the financial planning topics you can engage with at any point in time.
This new feature tracks planning topics that you have covered in the past back to February 2020 and helps you set up and track future planning priorities.
Next, you can use the Topic Ranker tool to personalize your priorities. Add, subtract, and rearrange them however they want.
As your client’s financial picture changes, you’ll get personalized suggestions and new priorities for updating your Financial Roadmap.
Once a milestone is completed, the indicator turns green with a checkmark indicating it’s complete.
As more Milestones are completed, a Planning History is developed that can be referred back to with the requested advice from our specialists.