On the Asset Allocation and Net Worth page, you can see a summary of the monetary assets at the start of an income planning scenario. You can also easily compare two scenarios if you’d like to compare different asset allocation strategies between two scenarios. This guide provides a step-by-step process to view and compare your client's asset allocation and net worth. If you’ve entered any property or other assets & liabilities in the client dashboard>Assets page, they will be included in this report so that you can see a Net Worth view for this client.
Below is a hypothetical example of a client that has decided to have everything grow at different asset allocation levels. Below are the hypothetical breakdowns:
- Brokerage Account: $3,000,000 Asset Allocation: Aggressive (Red); hypothetical return 5%
- ROTH 401 (k): $1,500,00 Asset Allocation: Moderate (Yellow); hypothetical return 4%
- IRA: $250,000 Asset Allocation: Conservative (Blue); hypothetical return 2%
To learn about comparing different asset allocation and net worths and graphs see articles:
- Asset Allocation and Net Worth
- View Comparison Function on the Asset Allocation and Net Worth Landing Page
- Projected Account Value Graph
- Planned Yearly Income Graph
Step 1: View All Cases: Click on the green View All Cases button underneath the Your Case List heading.
Step 2: Case: Click on the Client account you would like to open up. (John Doe)
Step 3: GoTo Incomes: Click on the green GoTo Incomes button underneath the Client Information heading.
Step 4: GoTo Assets: Click on the green GoTo Assets button underneath the Income heading.
Step 5: Assets: Take note of the current monetary assets, property list, and other assets & liabilities.
Step 6: Asset Allocation and Net Worth: Click on the Asset Allocation and Net Worth button.
Step 7: Scenario: Using the down carrot arrow select the correct scenario if it is not the correct one at default.
Step 8: Scenario Explanation: SIPS will automatically show you a pie chart and state what the asset allocation is set at.
Step 9: Monetary Assets: SIPS should automatically be displaying the monetary assets.
Step 10: Major Assets: These are non-spendable assets that are listed on the Client Dashboard Assets page under the Property List and the Other Assets & Liabilities.
Step 11: Summary: SIPS will automatically written text stating what the total amount of net worth your client has. This amount includes the total of monetary assets and major assets combined.
If you feel you need more support or would like to set up demo time with one of our representatives, please contact us at: +1-888-449-6917 or support@planscout.com.
