With CRM integration, new generation version meant to reduce planning time. Fremont, Calif.-based AdviceAmerica has upgraded its flagship AdvisorVision 7 financial-planning suite to include an "Automated Advice Engine" that gives advisors a time-saving way to identify best-fit plans and shares data with AdviceAmerica's new ClientVision CRM tool.

"Providing optimal, multi-goal recommendations is often a tedious trial and error process for clients and advisors," says AdviceAmerica's founder and CEO Purna Pareek "Using advisor-defined constraints, the Automated Advice Engine allows advisors to provide sophisticated, client-specific solutions upon an automated system that fills in the gaps, as well as allowing the advisor to develop and propose customized alternative scenarios."

Essentials

AdvisorVision 7, which is for independent advisors as well as institutional firms, is intended to meet demand for an integrated set of advisor applications that share data and a common framework designed to increase efficiency and productivity, while delivering more sophisticated services to clients.

Here are some other significant features of the new-look AdvisorVision 7.

AdviceCenter Modeling Tools -- The AdviceCenter is an intuitive and flexible modeling tool to construct planning scenarios that may include product solutions such as annuities or reverse mortgages. Advisors can create compelling relevant proposals to illustrate the value of products in the plan. Automatic Resource Allocator -- Automatically allocates assets, income streams and savings to goals based on priorities and industry best practices in the most efficient fashion, saving advisors time in planning and tedious scenario comparisons. Business Management Reports -- Provides increased insight into the advisor's business through management-level reports, including demographic analysis of client book, portfolio rebalancing, revenue opportunities and application usage. Investment Policy Statement -- Automatically generates investment policy statements based on client objectives and advisor recommendations. Improved Model Management and Portfolio Construction Tools -- Gives advisors the flexibility to define unlimited number of asset allocation models and to associate mutual funds, stocks or ETFs for faster investment proposal generation. New High Security Datacenter -- As a hosted application, advisors never need to spend time installing, managing or maintaining applications and servers. The enterprise-class SAS 70 certified datacenter ensures high levels of security, automatic backups, failover, and anytime/anywhere access. The new datacenter also boosts the scalability and performance of the application by deploying state of the art servers required for the computation-intensive Advice Engine.

"With a completely integrated application suite, advisors become more efficient, with more reliable results," says Pareek. "Financial planners build value in their practice by offering detailed advice and financial strategies to help clients reach their goals. By automating this process, we are making advisors much more efficient and reducing the time and complexity involved in generating a high-value financial plan." -FWR

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