Two key activities. One integrated process. A different advisor-client experience.
Imagine having the ability to build a personalized financial plan with investment strategies that align with each client’s life goals.
Enter Wealthcare’s GDX360.
It’s an interactive and investor-friendly process that starts with an open, refreshing conversation. The conversation uncovers what matters most to your clients – their life goals. Now that you’ve outlined a client’s goals, the process then moves to choosing an investment strategy.
By connecting planning with investments, Wealthcare helps you put your client’s best interests first.
At Wealthcare, we believe that financial planning must go beyond traditional tactics. Advisors can no longer use static risk scores and cut-and-dry confidence metrics to win the affection of clients. That’s why we pioneered GDX360, our goals-based wealth management platform.
It goes beyond the typical financial planning platform by giving clients a new, different and most importantly, personalized experience.
Wealthcare’s GDX360 platform integrates financial planning and investment management. We do this in a single, powerful approach that creates ongoing, meaningful experiences for clients.
By doing so, you can build longer-lasting, more mutually beneficial relationships with clients than if you just manage their investments.
With GDX360, you can transform financial planning into a dynamic fiduciary process. You can build plans that have the flexibility to adjust to reflect the realities of life. Plans that give clients a clear picture of their financial health.
Comfort Zone is at the heart of Wealthcare’s financial planning approach. It’s a powerful, visual tool that enables advisors to map and track client goals.
Comfort Zone shows the likelihood of a client exceeding goals for retirement, college savings, charitable giving, or any other life goals that matter.
Wealthcare’s approach goes beyond the tenants of conventional financial planning. It gives clients a clear, relevant picture of how they are positioned relative to meeting their goals. When you create financial plans following our GDX360 process, you’ll gain higher-level insight and greater oversight across your client base.
Traditional risk tolerance questionnaires use 10 questions or less to determine an appropriate risk allocation. This “risk score” establishes guiding principles for the client’s investment strategy.
This process looks at investing in a vacuum without considering crucial evolving life factors. These changing life factors should inform a client’s investing strategy. Instead, traditional risk tolerance provides an incomplete picture. Moreover, it locks clients into a rigid framework.
Our planning and investing software take into account what wealth means to your clients.
Our “Goals Exchange” matrix allows clients to map their priorities. Perhaps they can leave a larger estate or retire earlier. This maps goal priorities relative to each other and relative to the risk required to have confidence in exceeding them.
This enables advisors to have more meaningful conversations with clients by understanding each clients’ “Ideal” and “Acceptable” lifestyles. You then build the investing strategies that are appropriate for the client’s situation.
Most financial planning software frames client goals as specific, point-in-time estimates. Also, they list priorities in simple, absolute rank order terms.
Wealthcare recognizes that clients think of goals in terms of ranges. Moreover, clients consider the priorities of goals relative to their financial position. Comfort Zone monitoring provides a flexible planning process. Our process easily adapts as client needs and goals change over time.
Typical financial planning software is focused on getting clients to the finish line: retirement.
Many plans are designed to provide clients with 90-100% confidence in their retirement goals. In many cases, clients feel safe, but they’re feeling isolated from their wealth. These clients may be overfunded and living too conservatively, or taking more risk than necessary.
Wealthcare helps clients enjoy the journey toward their life goals. Also, we give them confidence that they can fund the milestones that matter most along the way.
Using our patented Comfort Zone approach, we’ve found the “sweet spot” to be in the 75% to 90% confidence range. A plan in the “sweet spot” can give clients confidence when planning for their life goals (retirement, college, estate). It provides the flexibility for clients to enjoy their money without unnecessary risk or sacrifice.
Most financial planning software requires advisors to drill down into each account. You have to spend the time to view flags, exceptions, and deviations from established targets.
And rather than seeing a holistic view of each client’s plan and portfolios, you’ll have to piece together the complete picture.
Wealthcare’s GDX360 platform allows advisors to view and monitor the progress of all clients. Every client’s plan status is shown on a single dashboard with on-demand updates. This practice-level oversight ensures that advisors can be proactive in contacting and guiding clients when corrective action must be taken.
GDX360 gives you a way of synchronizing a client’s investments with their life goals and dreams. Our patented Comfort Zone concept brings this to life, and illustrates the power of this approach. Your client’s personalized financial plan is a living and actionable roadmap for their current and future life experiences.
Advisors can choose an investment strategy relative to what clients value most – their life goals. All of your client plans can be updated on demand to capture changing market conditions. GDX360 recalculates each client’s Comfort Zone simultaneously and indicates when decisions may be needed to get clients back on track.
A client may become underfunded and need to adjust their risk level, savings, or life goals. Alternatively, a client may become over-funded, opening the possibility of a bonus vacation, larger goals, or adding new goals.
Either way, GDX360 can provide you and your clients with lifetime guidance. This helps clients keep on track with life goals while making the most of their life.
GDX360 provides advisors and clients with a professionally-managed, multi-strategy investment program. Multi-strategy portfolios offer numerous sources of potential return, and improve risk-reward profiles relative to less diversified approaches.
We monitor the portfolio on an ongoing basis and make adjustments to stay on track with client goals as the markets evolve, and your client’s life situation changes.
Uses multiple asset classes, strategies and managers.
Different asset mixes from which to choose depending on each client’s asset class preferences, investment objective, and tolerance for risk.
Includes multiple managers, where feasible, in each asset class. This provides numerous sources of return and diversifies manager-specific risk.
Evolving risk characteristics of managers are monitored on an ongoing basis. Each client’s manager portfolio is adjusted as needed to keep the client’s investment objectives and selection criteria aligned.
Accounts across each household are rebalanced as needed to maintain intended allocations. This keeps portfolios on target with investment objectives.
Advanced tax strategies including asset location, deferring gains, managing the holding period, tax-loss harvesting, managing tax lots, and wash sale sensitivity.