AdviceOS models 100+ scaled & comprehensive advice strategies

AdviceOS1

Midwinter’s financial planning software achieved the highest overall user satisfaction in 2014 Investment Trends Planner Technology Survey.

  • This is the fifth time in six years that Midwinter has achieved this.

In this year’s survey, Midwinter also managed to take out the highest average user ratings in the scenario modelling service element.

AdviceOS can model 100+ scaled & comprehensive advice strategies.

No one else comes close, frankly.

We believe modelling strategies is crucial to a modern advice practice – it is what powers advice, gives planner’s their comparative advantage while fulfilling their best interest duties.

Does your financial planning software allow you to model the following strategies?

Debt management strategies

Strategy description
1 Borrow using home equity as a security for an investment
2 Instalment gearing margin loan
3 Lump sum gearing margin loan
4 Debt recycling of investment income
5 Reduce your home loan faster with surplus funds
6 Reduce interest payable with ‘at call’ funds
7 Implement a budget plan to repay debt faster
8 Reduce your home loan faster – line of credit
9 Reduce your home loan faster – offset
10 Debt projection modelling
11 Pay off HECS / HELP debt

Investments strategies

12 Commence a savings plan into the recommended portfolio
13 Consolidate your investments into managed funds
14 Invest in a direct share portfolio
15 Invest in a managed fund portfolio
16 Franking credits and imputations
17 CGT calculation and recommendations
18 Maintain a surplus cash reserve
19 Reinvestment of earnings (shares/managed funds)
20 Depreciation of assets
21 Switch your investment portfolio
22 Prepare for future expenses
23 Investment platform – portfolio review
24 Review all your investment portfolios at the one time (Investment/Superannuation/Pension)

Risk strategies

25 Customisable scoring weights
26 Business expense – review/replace/retain
27 Income protection – review/replace/retain
28 Life standalone – review/replace/retain
29 Life & TPD – review/replace/retain
30 Life, TPD & Trauma – review/replace/retain
31 TPD – review/replace/retain
32 Trauma – review/replace/retain
33 Group Life, TPD & Salary Continuance – review/replace/retain
34 Group Life & TPD – review/replace/retain
35 Group Life – review/replace/retain
36 Group Salary continuance – review/replace/retain
37 Inside super for premium impact on cashflow
38 Inside super for premium tax effectiveness
39 Calculate lump sum required for child education expense
40 Comprehensive needs analysis
41 Impact to retirement for premiums funded via super
42 Impact to cashflow and affordability analysis of premiums
43 Stepped vs level premium comparisons & recommendations
44 Nil commission premium calculations & recommendations
45 Legacy product feature comparison and recommendations

Account based pension strategies

46 Replace your existing pension fund
47 Roll your super funds into a pension
48 Reweight your existing pension fund
49 Draw minimum from account based pension
50 Draw specific amount from account based pension
51 Pension platform – portfolio review
52 Compare pension funds on a fee and features basis

SMSF strategies

53 Establish a SMSF – individual trustees
54 Establish a SMSF – corporate trustee
55 Make a concessional contribution into your SMSF
56 Make concessional contributions (self-employed) into your SMSF
57 Make regular concessional contributions from salary into SMSF (Salary Sacrifice)
58 Make regular non-concessional contributions into your SMSF
59 Review the investment portfolio within your SMSF
60 Rollover your current superannuation policy into your SMSF
61 Wind up your SMSF
62 Direct superannuation guarantee contributions into your SMSF
63 Draw retirement income from your SMSF
64 Draw minimum retirement income from your SMSF
65 Model investment property with non-recourse loan in SMSF
66 Model SMSF segregated assets
67 Model SMSF pooled assets
68 Model real business property in SMSF
69 Create investment strategy for SMSF
70 Reweight SMSF investment portfolio
71 Reinvestment of earnings

Superannuation strategies

72 Consolidate your superannuation
73 Make a concessional contribution
74 Make a non-concessional contribution
75 Rollover your superannuation
76 Commence regular concessional contributions
77 Commence regular non-concessional contributions
78  Option to limit SG contributions to the maximum super contribution base(MSCB)
79 Redirect your superannuation guarantee payments
80 Review your superannuation platforms and investment options
81 Model defined benefit contributions
82 Model defined benefit final payment (lump sum, pension income or a combination of both)
83 Manage superannuation rollover to account based pension in any specific month (full/partial/staged)
84 Manage superannuation rollover to TTR Pension account in any specific month (full/partial/staged)
85 Government co-contribution
86 Low income super contribution (LISC)
87 Superannuation splitting
88 Spouse contribution
89 Compare super funds on a fee and features basis

Transition to retirement strategies

90 Implement a transition to retirement strategy – matching your current net income
91 Implement a transition to retirement strategy – setting your required net income
92 Implement a transition to retirement strategy – setting contributions
93 Pension refresh strategy
94 Pension refresh and retain a set balance in the super fund
95 TTR review – roll balance of super into existing super
96 TTR review – update the existing contributions and payments
97 TTR review – Pension provider review or switch
98 TTR review – Review the contributions and pension payments

Centrelink strategies

99 Annuity income modelling taking into consideration Centrelink and tax assessibility
100 Family tax benefit A & B calculations
101 Rental support
102 ABP pre 2015 calculations (deductible amounts)
103 ABP post 2015 (deemed)
104 DVA pension
105 Disability support pension
106 Centrelink age pension
107 New start allowance
108 Centrelink deeming calculations
109 Waiting period factored into start  of payment/benefit period
110 Gifting

Estate planning strategies

111 Ensuring financial affairs are taken care of (enduring power of attorney)
112 Review your estate planning measures
113 Establish power of attorney documents
114 Establish a will
115 Establish a testamentary trust
116 Review your will
117 Review your power of attorney documents

Other strategies

118 Change in risk profile and risk profile questionnaires
119 Real-time cashflow coaching (Xero)
120 Full control of surplus and deficit allocations
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