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WealthTrace Financial & Retirement Planner from WealthTrace
Detailed cash flow analysis, Monte Carlo simulations, investment planning, custom scenario modeling, and highly visual client reports.
Product analysis by function
Financial Planning Software for Wealth Management
Comprehensive tools that help advisors create detailed financial plans for clients, including retirement planning, education funding, insurance needs analysis, estate planning, and cash flow modeling with scenario analysis capabilities.
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Core Financial Planning Functionality
(10 Yes /13 Known /14 Possible features)
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Comprehensive Cash Flow Modeling Ability to create detailed cash flow projections for clients over multiple years and scenarios. |
Product description on website promotes highly detailed cash flow analysis and projections for multiple scenarios. | |
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Goal Tracking Tracks progress toward financial goals like retirement, education, or large purchases. |
Goal tracking is referenced in the feature list (retirement and other financial goals planning). | |
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What-if Scenario Analysis Simulates various scenarios (market changes, life events) to assess plan robustness. |
Notes and website state custom scenario modeling and what-if analysis are included. | |
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Tax Planning Supports tax-efficient strategies within the financial plan. |
Tax projections, tax efficiency, and tax-aware withdrawal strategies are part of the advertised capabilities. | |
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Estate Planning Tools Provides modules to handle wills, trusts, and other estate planning components. |
Not as far as we are aware.* No mention of specific estate planning modules (e.g., will/trust creation), only 'inheritance' covered at basic projection level. | |
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Retirement Planning Projections Provides in-depth analysis and projections for retirement needs and distributions. |
Retirement projections and distributions are a main focus, per website and demos. | |
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Asset Allocation Recommendations Generates investment allocation based on risk tolerance and client profile. |
Investment planning, risk profiling, and asset allocation recommendations shown in documentation. | |
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Debt Management Tracks, projects, and suggests strategies for managing liabilities. |
Debt/liability modeling and payoff projections included in platform feature set. | |
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Education Planning Modules Includes features to facilitate college or education funding strategies. |
Not as far as we are aware.* No explicit module or mention for education/college planning on site or documentation. | |
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Balance Sheet Generation Generates current and projected balance sheets for clients. |
Balance sheet and net worth statements are included in client reports. | |
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Financial Plan Versioning Stores and manages multiple versions of financial plans for comparison over time. |
Not as far as we are aware.* No evidence of versioning or managing multiple plan drafts in product material. | |
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Plan Update Frequency How often financial plan data can be updated (real-time, daily, etc). |
No information available | |
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Monte Carlo Simulation Runs probability-based simulations for plan outcomes. |
Monte Carlo simulation for retirement, investment, and cash flow is prominently advertised. | |
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Insurance Needs Analysis Assesses client’s coverage in areas like life, health, and disability insurance. |
Insurance analysis for gaps and needs is referenced in feature lists and screenshots. |
Integration & Data Aggregation
(1 Yes /3 Known /11 Possible features)
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Bank Account Aggregation Ability to securely aggregate client account data from multiple banks. |
Not as far as we are aware.* External account aggregation (banking, credit cards) is not explicitly featured; data entry is typically manual. | |
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Investment Account Aggregation Supports data feeds from investment custodians and brokerage accounts. |
Not as far as we are aware.* No direct brokerage or custodian data feed aggregation, per support pages; manual input for investment accounts. | |
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Integration with CRM Connects seamlessly with popular customer relationship management systems. |
No information available | |
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Integration with Portfolio Management Systems Links to portfolio management/trading systems for synchronized data flows. |
No information available | |
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APIs Availability Availability of robust APIs for custom data integrations. |
No information available | |
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Document Management Integration Integrates with external DMS (e.g., SharePoint, Google Drive) for document storage. |
No information available | |
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Real-Time Data Refresh Ability to refresh external account data in real time. |
No information available | |
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Data Aggregation Speed The average time to aggregate/update external account data. |
No information available | |
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Custom Data Import/Export Enables manual data import/export (CSV, Excel) for flexibility. |
Supports importing and exporting data via Excel/CSV, per FAQ and support documentation. | |
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Open Banking Integration Supports integration using Open Banking protocols for increased compatibility. |
No information available | |
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Third-Party FinTech Integration Compatible with popular FinTech tools (budgeting apps, robo-advisors, etc). |
No information available |
Reporting & Analytics
(5 Yes /5 Known /11 Possible features)
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Custom Report Generation Ability to generate tailored reports for client meetings. |
Highly customizable and exportable reports are emphasized by both marketing and support documentation. | |
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Pre-built Report Templates Includes a library of ready-to-use report formats. |
Library of printable and pre-built report templates available according to support articles. | |
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Data Visualization Tools Provides dashboards and charts for visual representation of financial data. |
Dashboards, visuals, and graph options are strong features, per client reviews and site screenshots. | |
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Automated Report Scheduling Enables automatic, periodic generation and delivery of reports. |
No information available | |
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Comparative Analysis Compares historical, current, and projected financial states for clients. |
Ability to compare historical, current, and projected states is demonstrated in reporting tools. | |
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Regulatory Reporting Compliance Generates reports compliant with relevant financial regulations (SEC, FINRA, etc). |
No information available | |
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Customizable Dashboards Allows users to configure personalized analysis dashboards. |
No information available | |
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Exportable Reports Supports exporting reports in common formats (PDF, Excel, etc). |
Reports exportable to Excel and PDF, clearly described within product documentation and FAQs. | |
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Client Portal Reporting Allows clients to access/view reports online within a secure portal. |
No information available | |
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Actionable Alerts Sends notifications based on key report analytics and triggers. |
No information available | |
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Report Generation Speeds The average time taken to generate a standard complex report. |
No information available |
User Experience & Accessibility
(2 Yes /4 Known /8 Possible features)
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Intuitive User Interface Software is easy to navigate with a modern UI/UX design. |
Modern interface, ease of navigation, and user-friendliness highlighted in reviews and site tours. | |
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Mobile App Availability Availability of companion apps for iOS and Android devices. |
Not as far as we are aware.* No native mobile app for iOS or Android is referenced; browser-based only per documentation. | |
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White-Label Customization Allows firms to brand the platform with their colors and logo. |
No information available | |
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Multilingual Support Software and documentation are available in multiple languages. |
No information available | |
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Accessibility Standards Compliance Meets standards such as WCAG 2.1 for accessibility to users with disabilities. |
No information available | |
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Client Portal Features a dedicated, secure portal for client access. |
Client portal with secure login described in multiple product overviews. | |
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Role-Based Access Controls Supports permission settings by user type or role. |
Not as far as we are aware.* No detailed mention of granular, role-based permissioning; likely simple advisor/client separation only. | |
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Multi-Tenant Support Allows large firms with sub-teams to use a single instance. |
No information available |
Security & Compliance
(2 Yes /2 Known /9 Possible features)
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Encryption in Transit/At Rest Data is encrypted both in transit and when stored. |
Encryption in transit/at rest emphasized as key security feature on site and in compliance documentation. | |
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Multi-Factor Authentication Supports two-factor or multi-factor authentication for all users. |
Multi-factor authentication included in most plans, per security help page. | |
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Audit Logging Maintains comprehensive logs of all system activity for auditing. |
No information available | |
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Data Residency Options Allows organizations to choose geographic location of data storage. |
No information available | |
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SOC 2/ISO 27001 Certification Holds security certifications such as SOC 2 or ISO 27001. |
No information available | |
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GDPR/CCPA Compliance Enables compliance with privacy regulations like GDPR or CCPA. |
No information available | |
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User Session Timeout Automatic session expiration after a period of inactivity. |
No information available | |
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Penetration Testing Frequency Number of security penetration tests conducted per year. |
No information available | |
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Data Backup Frequency Frequency at which client data is securely backed up. |
No information available |
Collaboration & Communication
(1 Yes /1 Known /7 Possible features)
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Secure Messaging Provides an encrypted messaging system for advisor-client interactions. |
No information available | |
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Advisor Notes/Annotations Allows advisors to make notes directly within client files or plans. |
Advisor can add notes and observations to client plans. | |
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Task Assignment & Tracking Assigns and tracks action items for clients or team members within the platform. |
No information available | |
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Document Collaboration Supports co-editing and feedback features on financial documents. |
No information available | |
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Client Onboarding Workflow Features streamlined, automated workflows for new client onboarding. |
No information available | |
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Email Integration Connects with major email platforms for enhanced communication. |
No information available | |
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Digital Signature Integration Supports e-signatures for important documents within planning workflows. |
No information available |
Client Engagement & Personalization
(2 Yes /2 Known /6 Possible features)
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Personalized Client Dashboards Allows each client’s platform view to be customized to their needs. |
Client dashboard view is customizable according to product overview. | |
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Goal-Based Planning Tools Interactive modules for clients to set, adjust, and monitor their own goals. |
Clients can set and track personal financial goals interactively. | |
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Educational Content Library Provides curated financial literacy and education materials for clients. |
No information available | |
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Automated Financial Health Checkups Presents periodic summary insights and health checks to the client. |
No information available | |
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Client Engagement Analytics Tracks client logins, interactions, and resource use. |
No information available | |
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Personalized Notifications Delivers actionable, tailored push or email notifications to clients. |
No information available |
Advanced Planning & Analysis Tools
(2 Yes /2 Known /8 Possible features)
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ESG Portfolio Planning Allows for incorporating environmental, social, and governance factors in investment plans. |
No information available | |
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Business Owner Planning Tools Specialized features for business succession, liquidity planning, and exit strategies. |
No information available | |
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Complex Trust/Estate Strategies Ability to model GST, CRT, GRAT, ILITs, and similar advanced trust structures. |
No information available | |
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Insurance Product Modeling Supports modeling of complex insurance instruments, including variable life and annuities. |
Supports modeling of variable annuities and life insurance, as shown in insurance module details. | |
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Stock Option & Equity Compensation Planning Helps model and optimize corporate compensation (RSUs, ISOs, NSOs, etc). |
Stock option tools and equity compensation are demonstrated in plan modeling per feature list. | |
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Multi-Jurisdiction Planning Handles planning for clients with assets, income, or heirs in multiple tax jurisdictions. |
No information available | |
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Complex Tax Strategy Modeling Simulates AMT, NII tax, and other complex tax impacts on plans. |
No information available | |
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Currency Support Number of supported global fiat currencies for multi-jurisdiction planning. |
No information available |
Scalability & Performance
(0 Yes /0 Known /5 Possible features)
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Concurrent User Support Maximum number of simultaneous advisor/client users supported. |
No information available | |
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High Availability Uptime Guarantee The percentage of planned uptime annually. |
No information available | |
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Data Storage Capabilities Maximum supported data storage per client or firm. |
No information available | |
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Geographically Distributed Servers Uses data centers in multiple regions for reliability and speed. |
No information available | |
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Latency for Core Functions Average latency for critical operations (cash flow calculations, report generation). |
No information available |
Support & Training
(3 Yes /3 Known /6 Possible features)
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24/7 Support Availability Provides always-on client and advisor tech support. |
No information available | |
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Dedicated Account Management Assigns account managers for onboarding and ongoing support. |
Dedicated account management mentioned in pricing and onboarding information. | |
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Online Knowledge Base Maintains searchable, up-to-date product documentation and training resources. |
Extensive knowledge base available online for self-training and support. | |
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In-Platform Tutorials Interactive, self-guided tours and tooltips for new features. |
Interactive, guided walkthroughs for key features available within the platform. | |
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Response Time SLA Guaranteed support response time for critical issues. |
No information available | |
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Community Support Forums Active online forums for user collaboration and troubleshooting. |
No information available |
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