The Extended version is a more detailed cash-flow tool
with a sophisticated tax engine, with updates for current
tax tables and inflation values. It provides a more comprehensive treatment of incomes, expenses, assets and liabilities, stock options, and taxes, and is an excellent package
for practices that need more extensive capabilities.
NaviPlan remains the most flexible of the basic analysis
packages, incorporating the simplicity of the Financial
Assessment in NaviPlan Standard with more extensive
stock option modeling and goal-setting. This flexibility
and a commitment to better usability make it a standout
among basic analysis products in an economical but very
FINANCIAL ANALYZER II
Leimberg & LeClair Inc.
NumberCruncher and Financial Analyzer II are simple
but effective financial planning tools that include several
directed to basic analysis.
NumberCruncher couples numbers, graphics, and cli-ent-ready explanatory text for applications that include a
Life Settlement Number Cruncher, DeCoupleCruncher for
clients that have decoupled holdings in one or more states,
an Estate Planning QuickView, a Retirement Plan Analyzer and the Financial Analyzer II. NumberCruncher itself handles more than 100 computations — from 16 of the
most common financial analysis ratios, to computation of
QPRTs, GRATs, charitable remainder and lead trusts, and
private annuities — in a fast and straightfor ward package
that uses familiar columnar calculations.
Included in its analysis tools are those that compute
four key numbers used in evaluating common stock investments; five key figures that are useful in analyzing
bond investments; a computation of the compound annual rate of return on an investment; tracking of the life
of an investment over 45 years; and a comparison of two
investments with respect to gain or loss, total return and
holding period return.
Financial Analyzer manages over 75 different financial
planning computations to solve clients’ mortgage, investment, financial, loan and depreciation problems. Like
NumberCruncher, it is a fast and simple Windows application that allows results to be integrated into documents or
presentation materials. Also of note is the Retirement Plan
Analyzer, which evaluates pension and profit-sharing
distribution strategies, computing an almost unlimited
number of alternatives under methods such as discretionary or attained age. It includes minimum distribution
rules, has been updated with the most current tax tables,
and prints comparative graphs of the generated data.
These applications are not full-fledged basic analysis
systems, but they do provide an economical and easy-to-use method of handling the widest possible range of basic
analytical tasks. They remain attractive in their simplic-
ity, effective results and appeal to sole professionals or
Profiles Professional is a comprehensive and cash-flow-driven financial planning solution with 14 modules for
analysis, financial planning, estate planning and sales
support for the professional. It covers a wide range of financial planning topics, with substantial emphasis on retirement considerations such as retirement fund acquisition
and disbursement, asset allocation planning, disability,
long-term care and death. It is offered in three formats — a
desktop version, the Web-based Profiles On Demand, and
a hybrid Universal Desktop Application format that augments the desktop with some online capabilities.
In the most current version, the focus is on enhanced
scenario presentation, as well as on streamlined client
data entry and management; changes to the left-side navigation system; and a Retirement Asset Results Timeline
to track contributions, withdrawals, growth and account
balance over the life of the plan.
In terms of basic analysis, the core functionality in Profiles Professional is found in the included Ibbotson asset
allocation module; and in the portfolio analysis, portfolio
allocation, portfolio re-allocation and portfolio rebalancing systems. In addition, enterprise-level fi rms have access
to the Morningstar Advisor Workstation Enterprise Edition, with access to rich contextual data regarding stocks,
bonds and mutual funds, as well as substantial practice
management tools. And there are additional modules that
include the Ibbotson Security Classifier, a database of over
30,000 mutual funds, individual securities and variable
annuities that may be used to classify a client’s current
holdings into multiple asset classes for portfolio analysis.
Profiles Professional is a flexible package with strong
financial planning capabilities and a simple, but effective,
set of basic analysis tools. Planners dealing with portfolios
that are not stock- and fund-intensive will find everything
they need in this package, though more extensive portfolio operations may require it to be augmented by an external research and analysis package.
RETIREMENT PLAN ANALYZER
Brentmark Soft ware
(800) 879-6665 ext. 115
Retirement Plan Analyzer is another tool that provides
support for a slightly different form of basic analysis — the
ability to analyze specified pension and Roth IRA programs as part of a comprehensive basic analysis.
It is one of an array of such tools from Brentmark Software that also includes Estate Planning Tools, Retirement
Distributions Planner, Kugler Estate Analyzer, Charitable
Financial Planner, RetireNow, Estate Planning QuickView
and the Savings Bond Toolkit.
Retirement Plan Analyzer is used to evaluate various
strategies of taking distributions from traditional IRAs,
Roth IRAs, Roth 401(k)s and other qualified retirement
plans. It calculates up to four alternatives simultaneously
for varying types of distributions, and handles the intri-
cate analyses required for effective retirement planning,
estate planning, income tax planning, Roth IRA manage-
ment and modeling/reporting.
Net Worth Strategies Inc.
StockOpter Pro is a specialized analysis tool aimed at
providing insights and analysis for the participants of
employee equity compensation programs. Though more
than 10 million employees hold employee stock options,
there are surprisingly few tools that assist in integrating
company stock and options into the overall financial plan
— much less provide the tools needed to analyze, model
and diversify these assets appropriately.
StockOpter Pro is built on the Microsoft Excel platform,
but with specialized toolbars and functions that enable
advisors to compare the resulting taxes and cash flow of
various diversification strategies and then optimize the
appropriate strategy for efficiency.
Though aimed at the broader application of stock option
planning — maximizing terminal wealth and optimizing
the subsequent after-tax cash flows, the strength of StockOpter Pro is in its analytical capabilities to reduce the risk
of concentration in one or a limited handful of stocks.
It does this by contrasting the value of the company
stock and options to the value of an investment account
over a 15-year or shorter horizon, then enabling what-if scenarios to determine how these assets will perform
against different strategies and stock price assumptions.
The application enables equities from more than one corporation to be modeled, helping to manage the diversified
careers of today’s highest-level executives.
Though priced above most Excel-based applications,
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