Overview
Features Components
Application
Requirements
Features:
Client Confidentiality
Efficient Data Collection
One-Time Data Entry
Automatic Calculations
What-If Scenarios
Quick Report Generation
Modular & Comprehensive Plans
Monte Carlo Simulation
Client Confidentiality
FPP software allows you to protect your files with a
password to assure the security of your clients' financial
data.
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Efficient Data Collection
The FPP Confidential Questionnaire is your tool for accurate
and thorough collection of client’s financial data. Since
the Questionnaire parallels the software, it’s simple to transfer
the data from the printed Questionnaire to the software’s on-screen
data forms.
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One-Time Data Entry
Enter data once, and FPP automatically distributes the data
to all the appropriate planning areas. Your office assistant
can easily handle data entry and report generation with FPP
-- and you can spend your time in creative planning or contacting
new clients!
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Automatic Calculations
FPP uses up-to-date internal tables to automatically
perform calculations for items such as social security benefits,
estate taxes, and projected income and expenditures at retirement.
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What-If Scenarios
Want to show your client the impact of varying figures? FPP’s unique override feature
keeps the current year data intact while you enter new numbers into
the data forms.
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Quick Report Generation
FPP performs calculations and provides analyses of your
client's financial data quickly and efficiently. When
you are ready, you can enter your personal recommendations and
print the final report.
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Modular & Comprehensive Plans
FPP is a powerful and flexible program that can help you
tailor a plan that will meet the specific needs of each
client. FPP has the capability of producing full
in-depth plans as well as modular plans focusing on a specific
area of analysis.
Modular Plans:
Modular planning is made simple with the FPP. Just type the
information into the data forms for an area of analysis and
then select the corresponding sections on the report
generation screen to create a modular report.
Comprehensive Plans:
Comprehensive plans can contain detailed analyses for the
following areas: investments, net worth, income and
expenditures, education, other
goal funding, emergency funding, business valuation, retirement
planning, lump sum distributions, life and disability insurance,
long-term care insurance, tax planning, and estate planning.
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Monte Carlo Simulation
Monte Carlo simulation is used to evaluate the effects of
fluctuations in your client's investment rate of return over
time. The annual rate of return is randomly varied, and
the overall analysis is repeated 1,000 times. Each time
the analysis is completed, the investments remaining at the
end of the client's life expectancy are checked to determine
the probability of success.
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