News
NaviPlan & Profiles are a world-class toolset
In Accounting Today’s 2008 roundup of retirement planning applications, author Dave McClure explains that while most applications don’t tend to change much from year to year, NaviPlan and Profiles continue to evolve.
NaviPlan Standard is commended for its quick planning features, including pre-set retirement distribution scenarios, automatic goal-coverage calculations, and Retirement Distribution Summary report. The latest NaviPlan Standard release (version 11.2) includes exciting new plan update features including a progress report, which allows advisors to make slight revisions and then illustrate how changes to incomes, expenses, and the market value of assets affect the previously-defined retirement goal.
“NaviPlan is one of the strongest retirement planning applications on the market today, enabling planning at different levels depending on the needs of the client,” writes McClure. “Flexible, stable and priced in the mid-range, it does an excellent job of addressing nearly every scenario a planner may encounter.”
McClure describes Profiles Professional as a “world-class toolset” and describes how, in the product’s evolution over the past year, it has come to place substantial emphasis on retirement planning considerations. In the upcoming version 9.0 release, Profiles Professional will offer new ways to illustrate retirement options to clients. It has enhanced scenario presentation, streamlined data entry and client case management, and a Retirement Asset Results Timeline to track contributions, withdrawals, growth and account balance over the life of the plan.
“Profiles Professional and Profiles Forecaster are excellent retirement planning tools… Their new versions continue to expand both capabilities and flexibility, while maintaining the consistency and strength that have built them one of the most loyal followings of any planning product.”
Read the review on WebCPA.com (see pages 4 and 5).
