With the enhanced product offering, U.S. and Canadian clients will see extended functionality across the most challenging planning scenarios, including estates, trusts, equity compensation, and insurance planning. Among the key new features, the NaviPlan solution is now better able to handle probate fee calculations and estate surplus planning scenarios, along with upgrades to its premier tax planning software module.
“Our iProgram technology at InvestCloud has allowed us to map out over 7,000 unique user journeys,” Bailey says. “If you’re an advisor or an asset manager, it’s crucial for you to have that unique experience in the relationship between yourself and your client. All of that comes together to allow us to support client growth, client retention, and operational efficiency.”
When InvestCloud acquired NaviPlan in 2021, the excitement centred around NaviPlan’s industry-leading capability to give end clients on the high-net-worth to ultra-high-net-worth band of the wealth spectrum to gain a better understanding of their financial picture with a cash flow planning focus. That made it a key product and crown jewel in InvestCloud’s Digital Planning offering, helping to support everyone across the wealth continuum.
“We’ve been really excited about being able to invest in NaviPlan, and make changes to NaviPlan to support both the US and Canadian markets,” Bailey says. “Enabling advisors to … have more robust and easier-to-use financial planning features to support those high-net-worth and very high-net-worth individuals.”
According to Bailey, InvestCloud strategically decides on updates based on feedback from over 140,000 advisors that use its financial planning tools. The firm also draws on insights from its product team, which keeps a trained eye on the next generation of challenges to confront financial advisors, as well as ongoing developments in the wealth market.
