Product update | NaviPlan 19.3 release

December 16, 2019 by John Heinen

About the author

John Heinen

Chief technology officer

As chief technology officer, John provides strategic, operational, and programmatic support of our products to the greater Advicent organization, our partners, and the industry. He leverages his decades of software development and product management experience to define business and product strategies, work directly with clients in providing technology solutions, and build product and service delivery organizations that deliver results while meeting regulatory requirements.

Our latest release of NaviPlan includes the new Guided Retirement assessment, holding company improvements, additional visual enhancements, and more.

This article refers to the Canadian NaviPlan 19.3 release. To learn about the features available in 19.3 for U.S. NaviPlan users, click here >

Guided Retirement

The new Guided Retirement assessment is now available. Using smart assumptions and minimal client information entry, Guided Retirement assessments provide prospective clients with a visually compelling and meaningful retirement analysis that sparks conversations about their financial future.

Guided Retirement assessments can promote to a Level 2 Plan for further analysis.

Corporate deficit coverage

Holding company assets are now available in pre-retirement goal deficit coverage, retirement goal deficit coverage, and insurance scenarios. Using the holding company’s FADD (funds available for dividend distribution), automatic needs-based dividend distributions will appear in cash flow to meet goal or scenario needs. This change expands private corporation strategies and further bridges the gap between net worth entry and cash flow analysis.

Enable holding company distributions on the Enter Financial Data - Strategies - Deficit Coverage and Set Goals - Retirement pages.

Client report visual update

The Client Reports are now consistent with the version 19.0 visual design updates. All functionality of the reports and their location within the application remains the same.

Miscellaneous updates

Login and Password workflow enhancements

Password resets and account lockouts are now more user-friendly. Advisors requiring an unlock or reset now receive an email directing them to a secure site to reset their password. This change:

  • Provides better transparency for password requirements.
  • Gives users more useful and more secure feedback on user lock out.
  • Delivers the ability for advisors to unlock their account via a password reset instead of requiring a Partner Support call.

Management report improvements

The Management Report experience has received an update. The following user data is trackable by admin users:

  • Clients created and modified.
  • Clients reassigned.
  • Plan activity showing plans created and modified.
  • Plan workflow between the different statuses.
  • Users showing active and total users.
  • Logins by user.

Data is presented in a visually engaging presentation with dynamic filters and a tabular view of all information. Report data is exportable to Excel and other popular formats.

Report Editor improvements

Pre-existing client reports can now have their names customized in the Report Editor. This change allows default client reports to align with a firm’s preferred terminology.

Additionally, custom report thumbnail generation is now available. Thumbnails allow for easy visual reference when creating a custom presentation or template.

To learn more about how NaviPlan financial planning software is built for every firm's planning strategy, click here.