For the past year we have been speaking to our advisors, gathering feedback and working behind the scenes to save you time, amplify the value of your SIPS plans, and enrich the planning experience for your clients. We’ve begun delivering towards that vision and just rolled out 6 new features under a new enhanced version of SIPS called SIPS Advanced.
Here’s a highlight of the new features in SIPS Advanced:
Automatic Tax-Rate Calculation:
Say goodbye to manual tax calculations! SIPS now automatically computes tax rates, making tax planning and optimization a breeze.
Model Complex Tax Scenarios:
Up your tax planning game by diving deep into tax modeling right in your financial planning tool. SIPS can now model unrealized capital gains, dividends, and short and long capital gains making modeling complex tax scenarios a breeze.
Instant Cashflow and Tax Advisor Population:
Want to model tax events not reflected in SIPS like small businesses, property sales, tax credits, and schedule A adjustments? No problem. SIPS can even produce hypothetical 1040s for any year of the plan in just a couple clicks.
Actual Values Entry:
Improve your annual review experience with your clients by updating the actual values of accounts for previous years. SIPS picks up right where you left off making it really easy for your clients to see their progress vs your original plan.
Calendar Year Labels:
Sometimes the simple things make a big difference. SIPS can now toggle between “end of year” and the calendar year on the income plan, which can dramatically increase the readability of the income plan for your clients.
Dynamic Mode:
We’ve all been there adjusting and tweaking an income plan to solve for specific incomes and income gaps.
Built for advisors, by advisors
We value your input. Your feedback has been instrumental in shaping these enhancements. We invite you to share your thoughts with us as we strive to continuously improve SIPS. Thank you for your ongoing support!
Warm regards,
CEO & Founder of PlanScout
Ps. Want to connect? Feel free to book a meeting with me now and follow PlanScout on LinkedIn.
PlanScout: Your Partner for Personalized Financial Planning with a Friendly Touch!
We provide outsourced financial planning services for licensed financial advisors, enabling them to accelerate their growth by delivering visually engaging and comprehensive financial plans within just 3 business days.
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