This company provides outsourced financial planning services to advisors, delivering custom-branded, high-yielding client plans within three business days. They focus on creating visually clear plans that help advisors maximize clients' after-tax lifetime income and align asset allocation with stated goals. By handling plan creation, PlanScout significantly reduces the time advisors spend on documentation, allowing them to focus more on client-facing activities and relationship management.
Funding
Funding not disclosed
Founders
Product
Problem
Financial advisors often spend excessive time, around 15 hours on average, developing comprehensive financial plans for their clients. This time commitment limits their capacity to focus on client relationship management and business development activities.
Solution
PlanScout offers a fully outsourced financial plan development service, providing financial advisors with custom-branded, visually appealing financial plans delivered within 3 to 5 business days. By leveraging PlanScout's services, advisors can significantly reduce their planning time, freeing up valuable time to cultivate client relationships, expand their practice, and ensure clients receive tailored, high-quality financial recommendations. PlanScout's planning techniques are consistently evolving to add more value to clients, capturing their goals and lifestyle needs to ensure confidence in retirement and beyond. The plans empower clients by measuring success in terms they understand, maximizing the after-tax value of their lifetime income using simple illustrations to support timing of Social Security withdrawals, IRA conversions, annuity purchases, and charitable giving. PlanScout plans are tailored to each advisor's business, achieving great results using the products they recommend and use in their practice.
Target Audience
PlanScout primarily targets financial advisors who seek to outsource financial planning to improve efficiency and focus on client relationships.
Features
- Custom-branded financial plans delivered in 3-5 business days
- Visually engaging and easy-to-understand plan presentations
- Strategies to maximize the after-tax value of clients' lifetime income
- Illustrations to support timing of Social Security withdrawals, IRA conversions, annuity purchases, and charitable giving
- Plans tailored to the advisor's business and preferred products
- Access to a dedicated team of relationship managers for plan customization