New capability evaluates interconnected financial decisions simultaneously, replacing manual trial-and-error analysis with a single click
Canadian Financial Advisors have long known that better outcomes exist for their clients. Finding them efficiently, however, has been a different matter. Snap Projections, a financial planning software platform built for Canadian Advisors, Planners, and Investment Managers, has released its latest feature, Automated Financial Recommendations, designed to identify and apply optimization strategies in real time.
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Advisors already know opportunities exist to improve their clients’ financial outcomes. The challenge has been identifying those opportunities quickly and consistently.
Until now, determining the optimal combination of CPP start age, OAS timing, TFSA contribution strategy, taxable income targeting, and asset withdrawal or contribution order meant running scenarios manually, one variable at a time. For Advisors managing full client books, that process rarely fits inside a client meeting.
“Advisors already know opportunities exist to improve their clients’ financial outcomes,” said Kambiz Vatan-Abadi, President, Snap Projections. “The challenge has been identifying those opportunities quickly and consistently. Automated Financial Recommendations manages the analysis automatically so Advisors can spend the meeting talking about strategy, not running the numbers.”
The feature evaluates interconnected financial decisions together in a single analysis to identify optimized financial strategies. Recommended strategies can be applied to a client’s projection with a single click. The feature consistently reduces projected lifetime taxes, creates room for higher retirement spending and improves projected estate outcomes across a broad range of scenarios. It delivers results in minutes or even seconds in some cases, depending on the complexity of the plan.
Snap Projections built the feature around practical implementation. Recommendations are designed to be actionable, transparent, and sustainable over time – strategies that can be implemented and explained in real client plans. Mr. Vatan-Abadi said Advisors consistently asked for software that could identify better outcomes without lifestyle changes or complex, year-by-year instructions clients couldn’t realistically maintain.
“Identifying the optimal strategy is only the first step,” he said. “The next challenge is implementation. We focused on recommendations that Advisors can communicate clearly and clients can put into action, increasing the likelihood that projected benefits are ultimately realized.”
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