RightCapital works for me and gets the job done
Use Cases and Deployment Scope
We use RightCapital as our financial planning software in the composition of Financial Plan documents for clients. We make the platform available for clients (albeit with limited access in most cases) to view financial data and forecasts. In addition, we use the Vault feature as the clients' primary storage and document exchange point. For security reasons, we do not use email to exchange sensitive client information or documents; that is done through the Vault.
Pros
- User friendly
- Easy client access
- Capability to embed code into our website
- Customizable colors for the reports
- Weekly meetups to educate us more on how the platform is used
Cons
- Customize the colors on the main platform
- Continue to build tutorial videos as the platform expands
- Allow us to manually input budget data for budget tracking purposes
Most Important Features
- Financial Plan creation
- Probability of success illustration
- File sharing and storage
Return on Investment
- It has been a huge closing tool for new clients when we can present current and proposed strategies. The illustration is compelling.
- We use the reports feature to help compose financial plans which is a service offering
- The Vault is used as a risk management control for legal and regulatory purposes.
Alternatives Considered
eMoney Advisor
