AMA: I'm Jess Lamb, Xplan expert and Director at Practice Dynamix, Ask Me Anything!
Advisers and paraplanners, are you providing the best possible experience during the client review? And how could you be using Xplan to be making the process even more efficiency? Join me here on Thursday 13th November from 3pm to 4pm to find out! Whether it’s about maintaining client data integrity, automating workflows and client comms, or uncovering Xplan’s hidden gems – start popping in your questions below and Ask Me Anything! ❗️Update: This AMA has now ended but please continue to pop your questions in thediscussion forums and make sure you tag me at jessica.lamb
Statement of Advice for Multiple names
Hi Team, Just want to ask if anyone here has onboarded accounts in Xplan that involved three siblings and not a couple? Do you load them as individual clients in Xplan? If so, how can you prepare a joint Statement of Advice (SOA) for all 3 names? Thank you, Margaux
Expected Revenue Tracking
Hi Team Expected Revenue Tracking – Pipeline Tracking Our business is currently using spreadsheets to track the following: Adviser Meetings and Outcomes Client Meetings Adviser Meeting Types (examples: Review, Ad-Hoc, SOA presentation meeting etc) Adviser Outcomes (examples: no change, SOA, ROA, proceed in full, proceed in part, not proceeding) Expected Revenue Matrics Expected initial one-off upfront fee for service fee $ Expected one-off implementation fee $ Expected Initial one-off Risk insurance commission $ Expected ongoing adviser service fee $ /pa Expected ongoing risk insurance commission $ /pa We currently reconcile these revenue metrics (points 4–8) using Revex as our revenue payment system (previously using CommPay). How can XPLAN help us to manage: Revenue Tracking Automation Pipeline tracking Reporting to provide: Expected initial revenue vs Received initial revenue Expected ongoing revenue vs received Ongoing Revenue
Adjusting tax withheld in Xtools+
Hi there, Could anyone advise whether it is possible to adjust the 'tax withheld' for future financial years in an Xtools+ scenario? In our current scenario, the prospective client has additional tax withheld each year as a form of 'forced savings,' resulting in a tax refund. I would like to accurately reflect this in their current scenario illustrations Cheers Nate
