RICHMOND, Va., April 8, 2002 (PRIMEZONE) -- Delivering quality advice to clients became easier for financial advisors today as Financeware, Inc. announced its new Personal Wealthcare Plan service. Designed to do the 'heavy lifting' for advisors, the new service allows financial professionals to submit simple client questionnaires, as concise as one page, to Financeware for the creation of customized financial solutions that can then be provided to clients.
"Our new Personal Wealthcare Plans will revolutionize the way advisors do their jobs. By taking the hardest part of the advising process out of the hands of advisors, we can help advisors build stronger relationships and help their clients confidently meet their most important goals without undue compromises to their lifestyles and without unnecessary investment risk," David B. Loeper, Financeware Chairman and CEO, said.
The new Personal Wealthcare Plans are designed using Wealthcare, Financeware's goals-based financial advising process. This new discipline alleviates the compromises that typical financial planning approaches require investors to make. Instead of telling clients what they must do, Wealthcare takes an investor's goals and lifestyle into account, allowing an investor to determine his or her own priorities. Currently thousands of advisors use Financeware's process and tools to deliver custom solutions to their clients. As the creators of Wealthcare and the tools that support its implementation, no one is better suited to apply the process than the professionals at Financeware.
Personal Wealthcare Plans will be custom designed by Financeware, using only information that a client or prospective client would have readily available or would know from memory, such as general personal data and asset balances, expected savings and retirement income needs, and general thoughts on major goals and priorities. This will be available in two forms: a Personal Wealthcare Plan that gives clients a custom-designed recommended plan detailing the steps needed to have confidence in achieving their goals without undue lifestyle compromises or unnecessary risk, and a short Goal Assessment that gives clients a simple overview of the confidence level of their current plan.
"By delivering two levels of service, we can assure advisors that no matter their needs, we have the right type of Personal Wealthcare Plan for their clients. Our Goal Assessment is great for prospective clients who are interested in the quality of advice an advisor provides, and our Personal Wealthcare Plan gives the advice necessary for the client and advisor to have greater confidence based on a more detailed long-term strategy," Loeper said.
Plans range in price from $50 to $150 during an introductory product launch period. Optional plan binding and shipping is also available. For more information or to sign up for the Personal Wealthcare Plan service visit: www.financeware.com/f_frame.asp?load=advisors/Wealthcareplans.html.
About Financeware:
Based in Richmond, Financeware is powering the future of financial advice through a unique suite of online analysis and client collaboration tools for financial advisors. These tools, coupled with a goal-based advising approach called Wealthcare, allow advisors to improve their clients' chances of succeeding financially. Information about the company is available online at www.financeware.com. Founded in 1999, the company is privately held.