June 2024 Product Update
This month, we'll show you an in-depth look at our biggest integration yet with Holistiplan, a quick update on Entity Ownership, and a sneak peek into our upcoming Boot Camp product training session.
New feature resources:
Full transcript:
Welcome back to Asset-Map Product Updates
A monthly series highlighting the latest innovations we’re releasing on our platform.
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This month, we'll show you an in-depth look at our biggest integration yet with Holistiplan, a quick update on Entity Ownership, and a sneak peek into our upcoming Boot Camp product training session.
Let’s dive in….
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Our brand new Holistiplan integration is super quick to set up and implement but don’t let that fool you. While simple on the surface, the power of this integration lies in the strategic opportunity for you to present a comprehensive, tax-based financial plan to your client in one fell swoop by combining the best of both platforms.
First, ensure that you’re logged in and have enabled the integration in the Holistiplan platform. Then, activate the integration in the Asset-Map platform and connect your accounts. From there, we follow our standard integration process of either adding a new household by searching for or importing a client from Holistiplan. Or you can add data to an existing household. Once the household is created, click on the Member modal and tap the Holistiplan logo tab to view the top 10 key financial figures from their Holistiplan reports.
These figures include: Total Income, AGI, Deductions, Taxable Income, Total Tax, Filing Status, Marginal Rate, Average Rate and finally Tax Exempt Interest. Full definitions of each of these can be found in our Holistiplan integration blog post (linked below).
The integration may be synced at any time using a quick right-click method from within the household or the integrations page.
Now you can quickly upload client tax returns to the Holistiplan platform, auto-generating your tax reports within seconds, and then utilize all of that data on Asset-Map with no data entry required at either end.
This enables you to hold important tax-related planning conversations such as tax-deferred financials, optimizing the client’s tax bracket using Stencils or Drafts, retirement conversations involving Social Security and Medicare using Target-Maps, charitable giving strategies, and so much more.
To learn more about these strategies and how to use the integration to your advantage, check out the replay of the Holistiplan and Asset-Map webinar held earlier this week with Alison Susko, VP Community at Asset-Map, Tori Happe, Head of Partnerships at Holistiplan and Patrick Rogers CFP® and Wealth Advisor at Dave Ramsey SmartVestor Pro demonstrating how he uses the integration and both platforms
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We also have a small but important update to share regarding Entity Ownership.
You now can choose whether to expand or collapse your entity ownership instruments, as you see them on the Asset-Map, within a report download. When generating a report for a specific household, simply click on the “entity ownership” dropdown box to select on or off.
This will help ensure you can have the entity member’s percentage of ownership to calculate a members stake or value in an entity-owned instrument - both in printed view and on the Asset-Map itself.
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And finally, while it’s not a specific product update, we want to remind you of our upcoming Boot Camp summer session, taking place from August 6th through the 8th. As one of our most intensive and rewarding training sessions, Boot Camp is designed to help you maximize your subscription to the nth degree.
Learn the intricacies of every feature, how to use them in combination and on the fly with clients in the room, plus discover little Asset-Map hidden gems, shortcuts, and tips. It’s a wealth of information you don’t want to miss, led by our senior training manager, LiaJean McHenry.
Not only that, you can spend time 1:1 with our CEO and founder, H. Adam Holt, to hear from the brains behind this operation about how Asset-Map helps you work smarter, not harder.
It’s the difference between using Asset-Map for ease and using it to truly maximize your full potential. We hope to see you there!
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That’s all for this time, see you next month.