Planit:Release Notes Version 5.4

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PlanPlus is pleased to announce the release of version 5.4 and 5.4.3. These combined releases introduce some exciting and powerful new features that we have introduced and we hope you will find them valuable. Below is an overview of the new features and enhancements, as well as an update on any bug fixes and corporate administrative improvements.

Note, if you have previously read the release notes for 5.4, you may want to go directly to the section just on the new features for 5.4.3.


Contents

NEW FEATURES AND ENHANCEMENTS IN VERSION 5.4

Planning Assumptions Screen – More Flexibility when Entering CPP Eligibility

You now have the ability to identify your client’s eligibility for CPP/QPP benefits using 3 different methods. You can use by “Percentage” which you enter in a percent eligible and the software will calculate it for you. You can use the “Calculate Percentage” which by entering in income and start age the software will calculate the percentage you are eligible for. Or alternatively you can to enter the CPP benefit by amount. This option is good when you already know what the benefit is that they will be receiving, like for example, with a retired client.

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Estimate % Based on Income and Contributory Period: If you know your client’s Income and have information about their Contributory Period or working history, this is the most accurate method you can choose. By entering these two pieces of information let the system identify the client’s eligibility for benefits.

Set Percentage Manually: If you are not comfortable that your information about the client’s income and contributory period is reasonably accurate but the client indicates perhaps that they are eligible for full benefits or perhaps 75% of the full benefit. You can merely enter the percentage eligibility using this method.

Set Amount Manually: If you have the client’s CPP/QPP statement that identifies their benefit eligibility, you can select this method and merely enter the actual benefit amount expected in today’s dollars. This is also a useful option if your client is already receiving benefits and you know the exact amount.

Mix and Match Methods for your Client and Spouse:In the past you only had two methods from which to choose from, so giving you a third option provides more flexibility, but you now also can select a different method for the client and the spouse. For example, you may know the exact amount of the benefit for the client, but want to estimate the percentage using the spouse’s income and contributory period. You now can do this, which is valuable since you don’t always have the same information available for the client and spouse.


Assets and Liabilities Screen – Identify Savings Going into Each Account

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We have now changed the Assets and Liabilities screen to simplify the way you enter in your savings for each of the client’s accounts. In past versions you entered your savings directly on the Cash Flow screen, but now you will enter these savings on the Assets and Liabilities screen right beside each account.


These savings will then automatically flow through to the Cash Flow Management screen as seen below and be displayed in read only mode. This means that should you want to edit these savings later, you’ll make your changes on the Assets and Liabilities screen. This approach allows you to more clearly document the precise accounts where new savings are being made.



Pensions & Other Revenues Screen

The Pension & Other Revenue Screen has undergone a significant makeover. Here’s an overview of all the changes:

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Screen is Now Tab Driven: In the past if you wanted to see how records for the death and disability scenarios were affected by your entries, you would use “+” sign to expand the screen. However in the expanded view, the screen could be difficult to read and it also often extended beyond a single screen view and thus scrolling up and down was required. We have eliminated these issues by changing the screen to make use of tabs, as can be seen above. You now can move from one scenario to the next by merely clicking on the appropriate tab.

More Transparency of Assumptions: In the past the records displayed on this screen were only the salaries and government benefits such as CPP and OAS that the system created as well as any items that you entered while on the Pension screen. However, behind the scenes we were often doing more than what was visible on the screen. Things like:

  • Payout of life insurance benefits
  • Payout of disability insurance benefits
  • CPP Death Benefits
  • CPP Survivor Benefits
  • Survivor Benefits on Defined Benefit Pensions

With this net tab structure, you can now view all revenues from all sources for each scenario without having to run a long term cash flow. This transparency even displays the Net Present Value (NPV) of each revenue stream similar to how it’s displayed on the long term cash flow report. We also separate revenue types into several groupings separated by a coloured bar. In the example above we see a separation between the first six records and the Whole Life Insurance paid out on Mark’s death at mortality. Then there’s another separation between the insurance records and the user created records. These separations segregating the different types of revenue records are designed to make the screen more readable.

Easier to Make Edits: In previous versions, when you added a record to the Pension screen, to edit your record, you had to always open the record using the “Edit” button. While you still can edit the record in this way, we have made the more commonly edited fields accessible right on the screen without having to open the record. Thus you can now edit the description, the recipient, the amount, the Start Year, End Year and inflation assumption right on the screen. This is more convenient than having to open each record, edit and re-save.

Ability to Add Revenues Unique to the Modeled Scenario: In the screen shot above you’ll note that in addition to the Current scenario and the death and disability scenarios, you also have a tab for the “Model” scenario. This tab allows you to add revenue streams that will ONLY be used in the modeled scenario. An example of this might be where the client has some large shortfalls and indicated they would sell their cottage or perhaps downsize their residence if necessary. On the “Model” tab you can now add a revenue stream for “Sale of Cottage” or “Residence Downsize” and thus recognize in the ultimate strategy for the client that this additional action by the client is needed in order to create a workable strategy.

Increased Intelligence on When Revenues Begin and End: One of PlanPlus Planit’s most powerful and time saving features is the AutoModel TM process. By setting your client’s AutoModel thresholds, you provide the system with the information it needs to do up to 100 “what if” scenarios with the ultimate objective being to find a combination of behaviors changes that result in an achievable strategy. One of the things considered in the Auto Model process is the client’s willingness to postpone their target retirement until they are older. If this indeed is necessary, it can introduce a variety of issues because a postponement of the retirement date will affect your assumptions on when pensions start, when salaries end, when goals happen if they are tied to the retirement date. These are just a few examples of the issues that can arise when you change the retirement age. To deal with this we had a feature associated with all revenue streams and all goals called “Model As”. This allowed you to define if your revenue stream or goal was to “Start At Retirement” or if it had a fixed start date. This gave the auto model the intelligence to defer the start date of the revenue stream or goal if indeed the client had to work longer.

With this new version we have enhanced the intelligence to apply not only to the “From Year” but also the “To Year”. Below you’ll see a screen shot of the detailed pension record. You’ll note that we now have drop down lists for both the “From Year” and the “To Year” where you can specify how both of these variables are to be treated should the Auto Model make the client’s work longer. Making these two fields more intelligent also helps if you decide to make changes on the “Planning Assumptions” screen. For example if you originally set the target retirement Age to 55 and the mortality assumption to 90, and then later changed these to 60 and 95 respectively, you would have had to check any of your records on the Pensions or Goals screen to be sure they aligned with these changes. Often manual edits were necessary to realign. With these two new drop downs, such changes will ripple through to the both the Pensions screen and the Objectives screen so that all start and end dates are kept in sync.

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Separate Index Rate for the Prior to and From Revenue Start Date: This feature has been introduced primarily to accommodate defined benefit pension plans that are NOT indexed on receipt, or that have a maximum index rate upon receipt. Here’s how you would use this feature.

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Since the pension record is entered in today’s dollars, based on the client’s current income, you would set the Index Rate Prior to Start Date to the default inflation rate as seen above. This will recognize that the client’s income between today and the actual start of the pension benefit would index with the general inflation rate used for the client. You would then set the Index Rate From Start Date to either 0% if the pension is non-indexed or the specified maximum index rate . . . such as 1.5% as seen above. This will recognize the full indexation of the benefit for the years leading up to retirement and the lower index rate or zero indexation upon receipt of the benefits. Note that if a pension is indexed then it’s recommended you use the “Default” inflation flag for both the pre and post periods.

Percent Taxable: You now have three options when identifying if a revenue stream is taxable or not. The first option and the default is “Fully Taxable”. The second option is “Non Taxable” and the third is “Partly Taxable”. When you select partly taxable you’ll be provided with a field to specify the percentage.

Withdrawal from Account: An exciting new feature to the Pensions and Other Revenues is that you now can create a forced withdrawal from your registered accounts. In the past our approach has always been to do withdrawals from the non-registered accounts first, leaving sheltered money
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sheltered for as long as possible. Then the minimum withdraws would begin at age 72. However there are situations where you want to make withdrawals earlier from your registered capital. For example your client’s might have a window of opportunity to make withdrawals virtually tax fee due to having virtually no taxable income in certain years, such as if they retire at 50 and their CPP and OAS don’t start until later. In this situation you can not specify that you want to make a withdrawal of a particular amount in those years. See the example below where we have forced a $15,000 withdrawal from 2016 (age 55) to 2020 (Age 59). Now the client will benefit from getting some of their registered capital out at a very low tax cost.

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This feature has another powerful benefit. If you have clients who have a significant amount of capital in their locked in registered accounts (LIF/LRIF etc.), you can now set up a structured withdrawal in order to force the money in those locked in accounts to last for the whole of the client’s life. Let’s look at an example:

Here I have a client with a significant amount of their registered capital in locked in accounts, $75,000. I have created a “Withdrawal from Account” record and called it “LIF Withdrawal”. Note I’ve set the amount to $5,000 indexed to inflation running to mortality. This will ensure that this $75,000 is not withdrawn using the “Use as Required” approach thus recognizing the limitations the client has when accessing the locked in capital. I used the Registered Payout Calculator to identify the amount of the withdrawal using a target withdrawal indexed to inflation.

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Hover Over to See Settings Behind the Record: As mentioned previously, you now can more conveniently edit many of the fields on the Pension screen without having to actually open the record. You also can use the “Hover Over” feature to see the Start Year, End Year and Inflation settings as seen here.

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Goals and Objectives Screen

The Goals and Objectives screen has also undergone an overhaul similar to the Pension and Other Revenue screen. Here’s what’s new:

  • Screen is Tab Driven with a separate tab for each scenario
  • More Transparency of Assumptions. For example you’ll see burial costs identified on the Client and Spouse’s death tabs.
  • Easier to make edits right on the screen without having to open each record.
  • Ability to add Objectives that are unique to the Modeled scenario.
  • Increased Intelligence when Objectives begin and end using drop down setting for both the start year and the end year.
  • Hover over feature for the start year and end year when they are tied to something other than a fixed date. Also you can hover over the inflation rate to see if it’s tied to the default inflation rate.

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Security Selection Screen – Introduction of Tabs

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For those users that routinely use the Security Selection features, you’ll know that you can end up doing a lot of scrolling up and down. To minimize the scrolling necessary and make the information more accessible, we have introduced tabs on the Security Selection screen.


You now can make your investment recommendations and then go to the Account Summary tab to see the asset allocation that has resulted from your product selections.

Retirement Goal Calculator – Unlimited Revenue Records

One of our most common user complaints in the past has been the limitation of only allowing 6 revenue records on the Pension and Other Revenues tab of the Retirement Goal Calculator. With this release we have removed this restriction and now allow an unlimited number of revenue streams. This also means that if you have entered a series of revenue streams on the normal Pensions & Other Revenues screen, and subsequently go into the Retirement Goal Calculator, then all of the records you created will pass through to the calculator.

New Warning Messages

We have integrated some new warning messages when you change various items in the system. For example when you change the inflation rate on the Planning Assumptions screen you now get a warning message “It’s recommended you review any data entries that include an inflation rate to ensure they align with the new inflation rate.” Note however, if you have used the new “Default” feature for the inflation rate on various records, then your inflation rate change will ripple through to the Pensions and Objectives screens.


Graphs to Screen

On the Pension Screen and Goal Screen you now have the option to bring a graph to the screen illustrating your revenues or goals. Just use the “Graph” button on either of these screens.

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Review Process

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In our industry, probably one of the greatest dilemmas advisors face is being able to provide interesting, compelling and motivating reviews that clients actually look forward to. In the past, doing a review normally just meant that you re-did the plan itself and presented the revised document to your client, highlighting any adjustments in the client’s strategy.

While this was important in order to keep the clients on target to achieve their goals, it often was repetitive and perhaps even boring for both the advisor and the client.

With the 5.4 release, our new Review and Accountability process has stepped up to the plate to address all of these challenges when it comes to doing a review for your client. An additional benefit is that we also recognize the fact that both the client and the advisor have areas of accountability where they are responsible to make sure things happen as planned. Let’s take a look at some of the highlights of the new Review Process!

When doing a plan for a client, you are creating a “picture” or “snapshot” of that client’s financial situation at that point in time. Ideally you would then want to measure the client’s progress between that point in time and the next review.

That is precisely what the new Review And Accountability Process is designed to do. When you create a plan for your client, you'll have the ability to save the data as of that date to use for comparison purposes when doing future reviews. This is done by going to the “Review Benchmarks” screen where you'll see your “Today” data presented in summary form on the “Snapshots” tab and in more detail on the individual tabs for Net Worth, Cash Flow, Savings, etc.

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When you go to each individual tab you’ll have the ability to make observations in the “Notes” field and these notes or observations will become part of your review document.
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You also can expand out the “Planning Scorecard” section if you would like to provide your client with some feedback on how well they have done since their last review.

When looking at the example above you’ll note that we have three sets of data available for comparison. Since we can’t create a snapshot of data from previous years after the fact, we have also provided an “Add Manual Snapshot” screen where you can enter some key data about the client’s previous reviews in summary form.


Here’s an example of our “Manual Snapshot” screen. You’ll note that the first tab allows you to capture the date of the review. In the example we saw above, we actually saved data from the 2009 and 2010 plans that were done for the client.

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The Net Worth tab allows you to capture all of the key information about the client’s assets, liabilities and savings.

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And on the cash flow screen you can capture information about the client’s income and taxes.

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By entering information from previous plans done for the client, you effectively can start using the review process right away with your clients. You don’t have to wait a whole year to get a second snapshot for comparison purposes. Just use the current data for the client and put in summary details from their past plans and you can start to see progress and trends right away. You might even have done your previous review using some other software tool since the manual snapshot captures information that can typically be gleaned from any financial planning tool you might have used in the past.

Also, some of the tabs such as the Savings and Investments also allow you to do an accountability analysis where you can see how the clients have progressed when compared with what their plan called for. Did they save what they were supposed to save? What about their investments, did they grow as much as was called for in the plan? All of these areas have aspects of accountability that your clients are responsible for and some where you, as their advisor, have some accountability.

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It can be difficult to tell you about all of the features of this new review process. We’ll be providing some training opportunities to learn more about the review process soon after release so watch for our notifications of these opportunities.

We also will be posting samples of the Review documents to our web site for you to take look at. Please go to Planplus.com and look for “Sample Documents” under the various subscription levels.

We feel that the Review and Accountability process is one of the most exciting and long awaited features in any financial planning tool and are pleased to be able to bring this innovative new feature to you in the 5.4 release.

Live Support Chat

We are excited to let our users know that we now have a live chat feature within PlanPlus Planit. On the home page, you will find a link that will allow you to start a live chat with a PlanPlus Planit Support Representative.

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Currently this link will only be available on the home page when you do not have a client selected; it will be available in more places throughout the software in a future release.

NEW FEATURES AND ENHANCEMENTS IN VERSION 5.4.3

NEW Notes

In previous versions of PlanPlus Planit we have always had a “Notes” area where you could capture general information about your client. With the 5.4.3 version we have expanded the Notes and created different categories of notes to let you be more specific and organized in what you document. Here’s an overview:

Contact Log: This is found on the Personal Information screen. This is used to document what occurred during the meeting with your client. For example date and time of meeting or who was present at this meeting. Once the log has been completed a date will show up to verify when this log was completed.

Please note that any old style notes that were entered for your clients previously will be migrated here into a note type called "Contact Log".

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Funds and Wealth: This note field allows you to identify information concerning the Source of funds and the Source of wealth for your client. Loan Notes: The Loan Notes allows you to insert details on any discussions you had with your clients about their loans.

Investment Commentary: This note field is found on the Product Selection Screen > Investment Products Tab, this is where you can enter in notes concerning the Investment Products that are being recommended. These notes will actually appear in various planning reports that make tactical investment product recommendations.

Savings Commentary: The Savings Commentary is found on the Product Selection Screen > Savings Tab, and where you can input notes regarding the clients savings. These notes will actually appear in various planning reports that make tactical savings recommendations.

Protection Commentary: This new note field is found on the Product Selection Screen > Protection Products Tab and is where you can input notes concerning the recommendations you are making relative to clients Insurance Products you are recommending to the clients. These notes will appear in the various planning reports that make tactical insurance recommendations. You also have the ability to pull up all of the above notes by going to the “Notes” link in the top menu bar and selecting the note type you wish to review.


Personal Information Screen - NEW Fields Added

We have added some new fields to the Personal Information screen that allow you to capture a bit more detail about your client’s employment, personal information and contact preferences. Employment Tab

• Employer Start Date • Contract Start Date • Contract Term • Is contract like to be extended

Other Tab

• Best Time To Contact • Place of Birth

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We have also added in a new marital status called “Married Single” What this means is that when you have a married couple and you want to show them as married but would like to do the plan for the client as a single, you would use this option.

Recapture Feature - Disposition Analysis

Recapture Feature - Disposition Analysis Some time ago we introduced the ability to identify a disposition strategy on Business/Other or Personal use assets so that a record is created on the Pension screen when the asset is to be disposed of. This was a time saving feature that many users very much appreciated. We have now enhanced this feature further by incorporating Capital Cost Allowance re-capture for Business/Other asset types. This feature allows you to identify:

• The depreciable value of the asset • The current depreciation that has been claimed to date • The depreciation rate • The depreciation method being used (straight line or declining balance)

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Using this information the disposition analysis now will recognize the tax consequences on disposition relative to CCA recapture.

Note: If you have a property that has two components, that are using different CCA rates, you could enter each component separately so that the appropriate CCA accrual is recognized and on disposition the appropriate tax is recognized.

Here’s an example of the calculations on disposition when CCA recapture is being used.

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And below you’ll see the record that has been generated on the Pension & Other Revenues screen showing the disposition of the Rental Property with the taxable percentage that includes the CCA recapture component, as well as the taxable gain.


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Goals and Objectives

We have now renamed the Objectives screen to “Goals & Objectives”. We have done this because you now have the option to identify a client’s desires in two ways. First they may have general goals that are not quantifiable but that identify what’s important to them. Second they have specific and measurable objectives that can be entered using amounts, target dates and durations.

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On the new “Goals” tab on the “Goals & Objectives” screen you will now have the option to select from a list of common goals that are important to clients. If your client’s have some other general goals you can add these as well.

For new clients you’ll be taken to this tab when entering the Goals & Objectives screen for the first time. On subsequent visits to this screen you’ll always just be taken to the normal Objectives tab. If you want to review these “Goals” just manually click on the “Goals” tab and you’ll be able to review, edit and add goals.

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Once you check off the goals that are important to your client and hit save you’ll be able to edit these default goals and also you’ll be able to add any others that the client has identified using the “Add” button.

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Please Note: This new “Goals” tab replaces the Goals tab as previously used on Personal Information screen.

Document Changes: Our core Personal Financial Strategy and Integrated Financial Plan documents have been modified to now include these Goals.

Risk Profile

We have changed how we score the Risk Profile, FinaMetrica Lite, questions. In previous versions the scoring was out of 33. This has now been changed to be a score out of 100.


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Another change is when you are using the Full FinaMetrica there is a message on the screen which provides some more explanatory text regarding FinaMetrica.

Auto Model Assumptions – Results Tab

In prior versions on the Results Tab of the Auto Model Assumptions screen you would select a scenario you want to calculate. We have now introduced an option called “Calculate All”. When you select this option, the software will calculate all 6 scenarios for you in one quick click and display the results on the screen as seen below. This is useful for many reasons, but one in particular is when you are using the new “Review Process”. When doing a review a key part of the process is to run all calculations so you can complete your review. If you didn’t have this “Calculate All” function, you would have to manually run each of the six calculations, or run a Personal Financial Strategy document. With this feature you get the calculations all with one click.

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Security Selection Renamed “Product Selection”

The Security Selection screen has now been renamed “Product Selection”. The reason for this name change is because you can still make recommendations for investment products has you have always been able to do, but you now can also make recommendations for savings and insurance products.

In version 5.4 we introduced the tab driven screen, now in version 5.4.3 we are introducing new tabs. These are as follows:

• Savings Tab • Protection Products Tab

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These new tabs are for adding savings products or insurance product recommendations. In the past we always included recommendations for investment products in our IPS, but with these enhancements we now will include these tactical implementation recommendations in our Personal Financial Strategy and Integrated Financial Plan documents.

Note however that in all cases, you can decide if you wish to include these tactical components in your documents using the check boxes when processing your document.

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Change Password

You are now required to enter your current password before you can change it, previously all you needed to do is add in the new password and re-type it.

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CORPORATE AND ADMINISTRATION FEATURES

Super Regions – Version 5.4

Planit now has a new feature called “Super Regions”, what this allows is the ability to have many different configured regions allowing more customizations for each region.

Preferred Portfolios – Version 5.4

You now have the ability to create your preferred portfolios in either a Detailed or Summary allocation method. What this means is that you will have the option on how you wish the allocation to appear for any given preferred portfolio. The “Detail” method means that the funds are illustrated for the clients based on their underlying asset allocation. For example, a Canadian Equity Fund is rarely 100% pure Canadian Equities. More commonly it will be something like 75% Canadian Equities; 10% US Equities, 10% International Equities and 5% Cash. When you have detailed selected it will come in using the underlying asset allocation. Then you have the Summary method, that same fund would be illustrated as being 100% Canadian Equities and only true “Balanced” funds would come in using the granulated allocation.

Product Master – Version 5.4

Check Usage As an administrator you now can check the usage of a certain fund, where this comes in handy is if you have custom products/mandates and need to delete something, you need to know where this fund is being used and with the check usage it allows you to do this.

Suppress Product You now have the ability to suppress any products within the Product Master to a certain region or to all users on the site.

Password Restrictions – Version 5.4.3

The system can be configured to enforce passwords from four different character sets – upper case alpha, lower case alpha, numeric and special characters.

To read more information regarding the Password Administration please click here.

Addition of “Client #” – Version 5.4.3

You as a corporate client have the option to have this feature turned off if you like; however it will be turned off by default. What the new client # is a new field which can be added to your deployment which will allow the field “Client #” become enabled on the Personal Information screen. This would be a field in which an advisor can enter in a client number for their clients. Also when advisors use this field they will also have the option to search for their clients by “Client #”.

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Notes (Administration) – Version 5.4.3

As an administrator you have the ability to view various notes written concerning the advisors you may manage by clicking on the “Notes” link in the top menu bar.

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You can define what region you wish to search for notes in and also the type of note ranging from all notes to various types of individual notes like Loan Notes or Contact Log.

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Security Vulnerability Updates – Version 5.4.3

• Login page and change password page will not auto complete passwords, also the registration screens for new users (those where they sign up themselves) also will not auto complete. • We force all pages to not be cached and expire immediately in the browser. What this means is copies of data can be stored on the hard disk of the user’s computer and new fresh copies of the page must be requested from the server. • When logging in and not using the correct password or not using correct login name, the error was as follows, “Invalid Password” or “Invalid Login” we have changed these to throw a generic login error for both, this prevents attackers from figuring out users ID’s or passwords.


Disclaimers – Version 5.4.3

You now have the ability to add in custom disclaimers to various screens within the software. The screens that are available for custom disclaimers are as follows:

• Cash Flow Management • Assets and Liabilities • Product Selection • Portfolio Objectives

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FIXES AND UPDATES

Format Issues with the Mandate Report– Ticket 375

When using the Historical Return Calculator for other countries other than Canada, when the inflation is selected, it is showing up as (Clients 019) instead of Inflation in the centered legend. This is now fixed in version 5.4.3.

Format Issues with the Mandate Report– Ticket 646

Calendar found on Personal Info screen says PRINT in English when you are in Chinese. This is corrected in version 5.4.3

Long Term Care Calculator Results Wrong on PDF Report- Ticket 781

In the Long Term Care calculator the “Percent to Insure” is 50%. The screen it showed correctly at “50% Insured” however the PDF report says 100% return in the column that should say 50%. This is now fixed.

Personal Information is deleted After a New Import- Ticket 840

When a 910 client is updated from the through a new upload, the phone number and email address of the client, if previously entered are deleted and it appears that the gender of the client is changed to male. This is now fixed.

Changing Marital status Does Not Remove Spouses CPP and OAS Records- Ticket 1106

When you divorce or make a married client single within the Retirement Goal Calculator it keeps the removed spouses CPP and OAS records. It does not remove them thus you cannot use it for your clients without re-entering the client back in. This has been fixed in this new version.

Misspelling in the Reliability Forecast Report – Ticket 1143

In the first paragraph of the Reliability Forecast report (or the reliability forecast section of the Client Consolidated Report for RGC), the word achieve is misspelled as 'acheive'. This is now corrected in this new version 5.4.3.

Detailed accounts no Probate or Beneficiary defaults – Ticket 1205

When the default accounts are set up they are don’t have any default for Probate or Beneficiary. This is now fixed and defaults are created in version 5.4.3.

Joint owned assets can cause spacing issues in Holding Statement– Ticket 1215

When viewing the owner column of the Holding Statement, joint owners are often cut off if their names are too long, and it can be difficult in some cases for a viewer to distinguish which account is jointly owned and which is not. This issue if fixed with the 5.4.3 update.

Initial Assessment Report: Financial Goals section an "a" appears– Ticket 1238

Within the Initial Assessment document in the “Financial Goals” section, there is an ‘a’ that appears under the goals. This document is now corrected and fixed in version 5.4.3. French Life Goal Summary of Death Client - Title is in English – Ticket 1345 On the Summary of Death Client – The title is in English on the French document. This is now fixed in version 5.4.3.

Duplication of Assets and Accounts – Ticket 1368

In certain cases some of the assets and accounts are being duplicated when importing from Univeris. This is now fixed in version 5.3.9.

Business Disposition Analysis Using Wrong Taxable Percentage – Ticket 1422

The Business Disposition Analysis was using the incorrect taxable percentage when the disposition is created on the pension and other revenue screen. This is now fixed and using the correct taxable percentage in version 5.4.3.

Old US$ Conversion Factor Held in Memory and Used in HTML Schedules in Document– Ticket 1606

In the Net Worth and Investment Holdings HTML schedules, the values identified for the US$ holdings is being calculated using an old US$ conversion factor even though the new conversion has been updated. This is now fixed in version 5.4.3.


Issues Opening Client Summary Report on Education Goal Calculator - Ticket 1612

There are certain instances where you cannot open up the client Summary report on the Education Calculator. This is fixed.

Target Rate of Return Sowing 0 within Retirement Goal Calculator Report – Ticket 1676

If you were to enter in a client from the normal screens and then go into the RGC, when you get to the Investment & Savings tab it defaults to show the correct “Target” as the portfolio however when you run the report it shows zero for the ROR. This is corrected in this version.

Education Savings from Cashflow not showing up on Savings screen – Ticket 1741

If you set up a RESP account owned by the spouse then add in your education savings, when you get to the savings screen the savings do not show up for you to input the benefit. This is because the field is set to be owned by the client, you must either have this asset owned by client or jointly owned in order to show up. This is all changed in the newest version of 5.4.3.

Assets and Liabilities: Cannot delete account that was formerly linked to savings – Ticket 1753

On the Assets and Liabilities screen, if you try to delete an account that was linked to a savings record you receive an error message: 'Cannot delete accounts linked to savings'. Even if you go into the Savings screen, and double check that there is no savings to this account you still cannot delete it. This is now fixed in the 5.4.3 update.


IPS - Uploading text for funds but does not show up in IPS - Ticket 1770

When uploading text documents for Mandates...the information is not showing up in the IPS. This is fixed in this new version.

Debt Calculator - Results Change Button– Ticket 1799

The “Change” button on the Debt Calculator to change the “Proposed Payment Amount” is not noticeable. Changed the button to make it clearer in the 5.4.3 update.

Cannot delete dependents – Ticket 1806

User creates a client/spouse and adds a dependent but if the user then tries to delete dependent and is unable to; user must completed the mandatory fields. This is now changed in version 5.4.3, that if you click on the add dependent and was done in error you can delete the child right away without filling out the mandatory fields.

Ability to delete "Company Name" – Ticket 1818

On the home screen, when you select "Change My Profile" and remove the 'Company Name', when you run the networth report, the company name does not change. This is now fixed in version 5.4.3.

Searching the 910 holding tank - Ticket 1825

When searching in the holding tank on blank search criteria, the search appears to hang because of the large amount of data it has to return with. The system many times will often time out. This is now fixed.

Product's asset allocation is wrong; includes negatives – Ticket 1841

The fund Northwest Specialty High Yield Bond (NWT802) was showing negative numbers in the allocation. This is now corrected in version 5.4.3..

Workgroups - User Profile - Links Crammed Together – Ticket 1851

The Workgroup section of the User Profile screen was not very user friendly within Internet Explorer. The links are all crammed together and this was only happening on IE not FireFox. This is now all fixed and not crammed together anymore within this new update of 5.4.3.

Historical Returns Calculator - Java Error – Ticket 1881

In certain cases you would get a Java Error when trying to user the Historical Returns Calculator. This is now fixed in version 5.4.3.

Auto Model - Removing State Pension (UK) – Ticket 1955

The Auto Model was removing the state pension, this was only happening on certain clients and is now fixed in version 5.4.3.

Fund Description in Fund Details appearing in English – Ticket 1990

Fund Description appears in French correctly in Search Window, but Fund Detail appears in English. This is now fixed in version 5.4.3.

Export List Button not Function – Ticket 2013

When using the export list feature on the “Client Search” screen an error appears and cannot be completed. This is now corrected in the new version of 5.4.3.

Illustration of Asset Disposition Results – Ticket 2034

The Illustration of Asset Disposition Results is multiplying the numbers in French only. This is now fixed in version 5.4.3.

Goals and Objectives – Tiered Goals - Ticket 2058

When entering in a retirement tiered lifestyle there were a couple of issues happening:

1. When you click on the + sign to tier a goal it does not open up the year fields...it allows you to enter in the tiered amount then hit save then you have to click edit of the retirement lifestyle then you can change the years. 2. On the entry of a third tier the screen did not align correctly.. 3. When you ran a document the retirement lifestyle is not tiered. Had to do this manually.

All these issues have been fixed in 5.4.3 version.

RGC - Default of 5 years gap between tiers always overwrites user input for to year – Ticket 2150

When changing the end year from the 5 years default to another year, it flips back to the 5 years defaults after having hit the Save button. This is now fixed in version 5.4.3.

====Cash Flow Management: Screen will not load completely, possibly due to a NullPointerException– Ticket 2153====

The Cash Flow Management screen for certain cases was not loading correctly and completely. This is now corrected in the new 5.4.3 update.

Reliability Forecast report is nearly blank, no numbers flow into the report– Ticket 2161

The reliability forecast report is showing no numbers flowing to the report all tables are blank. This is now fixed in version 5.4.3.

Client Summary/Consolidated Reports not reflecting tiered goal– Ticket 2162

Both the Client Summary and Client Consolidated Reports show a single goal instead of the tiered goal shown on the Goals tab. This is fixed in the 5.4.3 version.

RGC: Analysis of Investments Accounts ACB calculations are incorrect– Ticket 2163

ACB calculations in the report are incorrect. This issue is corrected with this 5.4.3 update.

Insurance not reflected properly on P&OR – Ticket 2164

On the Pensions & Other Revenues screen insurance is not displaying properly in several different ways:

1) Joint First to Die not shown on either Client or Spouse death or disability; 2) Joint Last to Die not shown on Client or Spouse death or Current or Model scenario; 3) Annual Income Benefit and Lump Sum on Disability not shown on either Client or Spouse disability.

All issues with the Insurance is now corrected in version 5.4.3.

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