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Financial planning software is a critical tool for any advisor, coach, or planner, but there is no perfect solution.
When I started Walk You To Wealth, I faced many decisions, including choosing a business structure, potentially defining a niche, establishing a social media presence, etc.; however, one of the most crucial choices was selecting the right financial planning software. The two most important factors in my decision were:
Cost: My mission is to help real individuals build real wealth, and charging high fees, such as 1% of assets under management (AUM) or an annual fee close to $5,000, would make my services inaccessible to many who need them. Therefore, keeping costs low was a priority, which needed to be balanced with the importance of investing in the right tool.
Client Usability: Having a user-friendly and intuitive tool was equally important as cost. Even though I'm a Certified Financial Planner (CFP), I didn't want a tool that only a CFP would understand.
After evaluating numerous options, I chose Savology, which has been a good fit so far. I also use Canva to make more personalized and custom reports for clients.
Although I've been happy with my choice, I am continuously evaluating new tools to ensure that I am providing clients with the best possible experience for their investment. While there's no perfect tool, prioritizing usability and cost remains crucial for building an accessible business model.
If you are looking for a financial planner who can help you to create an effective and user-friendly financial plan, then schedule a free introductory meeting below. For less than $5/day, Walk You To Wealth is the most affordable way to access professional help.
Disclaimer: The information in this post is provided for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. The information is intended to be educational and is not tailored to the investment needs of any specific individual. It is also not intended to be relied upon as a forecast and is not an offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are those of the author. Reliance upon the guidance and information in this presentation is at the sole discretion of the individual.
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