Product update | NaviPlan 19.3 release

December 16, 2019 by John Heinen

about the author:

John Heinen

Chief technology officer

As chief technology officer, John provides strategic, operational, and programmatic support of our products to the greater Advicent organization, our partners, and the industry. He leverages his decades of software development and product management experience to define business and product strategies, work directly with clients in providing technology solutions, and build product and service delivery organizations that deliver results while meeting regulatory requirements.

Our latest release of NaviPlan includes the new Guided Retirement assessment, the retirement healthcare data integration, new qualified distribution options, additional visual enhancements, and more.

This article refers to the U.S. NaviPlan 19.3 release. To learn about the features available in 19.3 for Canadian NaviPlan users, click here >

Guided Retirement

The new Guided Retirement assessment is now available. Using smart assumptions and minimal client information entry, Guided Retirement assessments provide prospective clients with a visually compelling and meaningful retirement analysis that sparks conversations about their financial future.

Guided Retirement assessments can promote to a Level 2 Plan for further analysis.

Retirement healthcare expense integration

Aivante healthcare expense data is now available in NaviPlan. Using a client’s demographic data and a completed health survey, NaviPlan calculates healthcare expenses throughout a retirement scenario and applies them to the total retirement need. The integration improves how NaviPlan provides clients with a realistic assessment of their retirement by factoring in another growing financial concern facing retirees today.

Access healthcare expense data on the Set Goals - Retirement page.

Qualified Charitable Distributions

Tax-free qualified charitable redemption strategies are now supported. Charitable distributions from IRAs, SEP IRAs, and Spousal IRAs can satisfy required minimum distributions (RMDs). This feature adds a sought-after strategy that expands NaviPlan’s versatility.

Qualified charitable distributions require a defined charity on the Active Client - Client Information page. Once determined, enter distributions on the Enter Financial Data - Strategies - Redemptions page.

Client report visual update

The Client Reports are now consistent with the version 19.0 visual design updates. All functionality of the reports and their location within the application remains the same.

Miscellaneous updates

Login and Password workflow enhancements

Password resets and account lockouts are now more user-friendly. Advisors requiring an unlock or reset now receive an email directing them to a secure site to reset their password. This change:

  • Provides better transparency for password requirements.
  • Gives users more useful and more secure feedback on user lock out.
  • Delivers the ability for advisors to unlock their account via a password reset instead of requiring a Partner Support call.

Management report improvements

The Management Report experience has received an update. The following user data is trackable by admin users:

  • Clients created and modified.
  • Clients reassigned.
  • Plan activity showing plans created and modified.
  • Plan workflow between the different statuses.
  • Users showing active and total users.
  • Logins by user.

Data is presented in a visually engaging presentation with dynamic filters and a tabular view of all information. Report data is exportable to Excel and other popular formats.

Report Editor improvements

Pre-existing client reports can now have their names customized in the Report Editor. This change allows default client reports to align with a firm’s preferred terminology.

Additionally, custom report thumbnail generation is now available. Thumbnails allow for easy visual reference when creating a custom presentation or template.

To learn more about how NaviPlan financial planning software is built for every firm's planning strategy, click here.

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