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Freely distributed to H.D. Vest Representatives in good standing. Category
Financial Planning Software Technical Requirements
Additional Requirements to Operate Certain Features
A printer is necessary to share a hard copy printout with the client.  Product Background
On a scale of 1-6 this product…
Benefits & Bugs + Allows the financial professional a comprehensive overview of a client's financial state. This overview serves as an excellent foundation from which to launch a comprehensive financial plan that makes sense for the client.
+ The program highlights often overlooked financial areas for clients. This allows the client (and his or her financial planner) to better plan for a successful financial future by making timely decisions based on a wide breadth of information.
+ The program collects data input on a series of worksheets and displays a summary of critical data for use by the investment professional.
- It is necessary to input the client information in a specific sequence (at least for the first three categories: client, net worth, and cash flow, respectively). The user must seek out this fact in the Help section. In the author's opinion, it should either be clearly evident by passive notification or else the program should be re-engineered to allow input in any sequence.
- The interface is under-automated. While the program is fully functional, it could stand to be modernized and automated a bit. It would be a nice touch to have the program integrated with the 1040 Analyst program (see below, under Purchase Information).
- While the program does an excellent job of cataloging client information, it would enhance functionality if it also had an investment strategy module that allowed the input and analysis of client objectives and possible investment strategies to meet those goals.
 Editorial Review
The H.D. Vest Financial Check-Up System provides the financial professional with an automated method to record extensive information detailing a client's overall financial condition. Subsequent analysis of this information can then be utilized to tailor an investment strategy to the unique needs of the client and, many times, it also serves to highlight gaps in the client's financial plan. Use of this and similar programs serve to broaden the scope of knowledge afforded to the financial professional and serve to increase the effectiveness of the advice they dispense. Many times an investment is decided upon for its own unique attributes; however, to be most beneficial, the client should be encouraged to define specific financial goals and then select individual investments which best support meeting those unique goals. The financial professional should use the tools available to "coach" the client on how to best reach their objectives and protect their finances, both now and in the future. The H.D. Vest Financial Check-Up System fits the bill in this respect and is an excellent and powerful tool to aid financial professionals. Purchase Information
Contact Information
H.D. Vest Financial Services 6333 North State Hwy 161, Fourth Floor Irving, Texas 75038 972.870.6000 Please send your comments, questions and article proposals to information@smartpros.com.
2000, Smartpros Ltd. All Rights Reserved.
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