Fintech leaders also provide details on new Probability of Success widget
Advyzon, a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers, recently announced updated integration capabilities with RightCapital, a financial planning software that simplifies the complexity of financial planning for advisors and their clients.
Advyzon’s integration with RightCapital sends data directly from Advyzon through API access and offers multiple capabilities, including connecting important information to client plans, allowing advisors to import client profiles from Advyzon into RightCapital, and sending RightCapital reports directly to Advyzon. Once integrated, investment account and life insurance data can be synced from Advyzon to RightCapital.
“We’re thrilled that these enhanced data integrations with Advyzon will make it that much easier for our shared advisors and their clients to access important financial metrics at their fingertips,” said Shuang Chen, co-founder and CEO of RightCapital.
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Integration features include:
- Single Sign-On, where users can seamlessly log in from Advyzon to RightCapital without the need for separate login credentials. This streamlines the user experience and enhances security.
- Client Data Sync, where users can sync Advyzon CRM data including contact and net worth information with RightCapital. This ensures that financial advisors have access to up-to-date client information when performing financial planning and analysis within RightCapital.
- Report Sharing, where users can easily send reports generated in RightCapital to Advyzon with a simple click of a button. This feature simplifies the process of sharing financial plans, projections, and other reports with clients.
In addition, the latest update includes the ability to add RightCapital’s Probability of Success widget to Advyzon’s client dashboard and client portal. This widget was introduced in Advyzon to allow users to view the probability and confidence projections from RightCapital directly within the Advyzon platform, and includes two components:
- Probability of Success: This widget displays the results of a Monte Carlo simulation of 1,000 trials. It calculates the probability of a client not running out of money in any given year based on various financial scenarios. Additionally, it shows the median investment asset value at the end of the plan across the 1,000 trials. This information is crucial for assessing the likelihood of financial success.
- Retirement Analysis: The Confidence tab in this widget provides a range of outcomes from the Monte Carlo analysis over the course of the projection. This feature helps financial advisors and clients understand the variability and confidence associated with their retirement plans, making it easier to make informed decisions.
“We’re excited to announce these enhancements to our software integration with RightCapital, furthering our mission of empowering Advyzon’s advisors and end investors with the invaluable tools and data insights needed to confidently navigate their clients’ financial journeys, at scale,” said Dirk Pearson, Chief Product Officer at Advyzon. “This upgraded integration offers seamless access to key plan metrics and documents from within Advyzon, delivering an even more holistic overview of the end investor’s financial picture.”
Advyzon currently serves nearly 1,400 advisory firms, and their comprehensive solution – along with robust integrations like this – makes it easy for advisors to run their financial planning and investment advisory firms while managing their client accounts with efficiency and ease.
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