Asset-Map Named Top Specialized Planning Application at the 2022 Wealth Management Industry Awards
The Asset-Map team is honored to be selected as the winner in the Top Specialized Planning Application category at the 2022 WealthManagement.com Industry Awards for Signals, an algorithmic solution that proactively identifies the risk of disruptive financial planning events.
This is the third year in a row that Asset-Map has taken home the top prize in the Specialized Planning Application category. The Asset-Map team prides itself on constantly innovating our software to address the gaps and needs of financial professionals, advisors, firms, and enterprises to provide them with the tools they need to empower people to make better financial decisions.
Now in its eighth year, the WealthManagement.com Industry Awards recognizes achievements from industry organizations, companies, and individuals that make a significant contribution to the financial services industry.
This year, WealthManagement.com received a record-breaking 1,000 entries from more than 350 companies and announced 105 winners at the award ceremony that took place in New York City on Thursday, September 8.
Asset-Map’s recognition in the Specialized Planning Application category centered around the efforts made to illuminate and then address issues involved in helping advisors prepare their clients for critical life events by looking at a household's financial preparedness to fund common areas of weakness. Financial advisors are then alerted to where action needs to be taken to strengthen a household's financial fortitude.
For example, if a household does not have the financial capacity to replace a member's lost income due to premature death, then Signals will identify the severity of that risk to the professional. This will enable a conversation to address whether action is to be prioritized. Signals will serve as a feedback loop based on all the financial data collected on a household to accelerate which financial planning forecasts warrant prioritization.
The Asset-Map team is thrilled to be recognized by the WealthManagement.com Industry Awards and is committed to continuing initiatives addressing the lack of financial technology tools aimed at educating clients and making conversations easier.