From: tpi@tpisearch.com
Sent: Wednesday, February 02, 2005 9:23 AM
To: jason@tpisearch.com
Subject: News You Can Use from Turning Point, Inc. Feb v.1
 
A Newsletter for the Friends and Clients of Turning Point, Inc. Feb. 2005, vol.1


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  News You Can Use
This issue's article is by David Lawrence, a practice efficiency consultant and President of David Lawrence and Associates, a practice consulting firm based in Lutz, Florida.

Financial Planning Software: Is True Multi-Tasking on the Horizon?

By David Lawrence

 

Most Financial Service Professionals have come to realize that it takes more than one software product to provide financial planning to their clients...or does it? The trend for some software companies is to combine software functionality into a suite of services that embrace several aspects of the financial planning process or provide avenues to accomplish this on your own.

 

Naviplan (www.naviplan.com) from EISI Systems has introduced a web-based product that combines the strength of their financial planning software with the asset allocation experience of Ibbotson Associates. This combination provides a one-stop solution for both financial planning and asset allocation applications and produces a centralized report with both elements seamlessly integrated with each other. Naviplan is close to introducing a web-based modular product that will allow users to choose which parts of the financial planning process to use and build a word based document that will also allow imports of outside software products such as Sungard's Frontier Analytics Allocation Master, Ibbotson's asset allocation Tool, or others.

 

Lumen Systems FPP software (www.lumen.com) has provided financial planning software with an asset allocation and Monte Carlo simulation.

 

Other software vendors are also jumping on this bandwagon or have plans to introduce similar products within this year. All this bodes well for the practitioner who is looking for a cost-effective and efficient platform to provide multi-tasking solutions to clients.

David Lawrence is President of David Lawrence and Associates, your practice efficiency consultant. He also writes a monthly column on practice efficiency for Financial Advisor Magazine. For further information or to inquire about his services, please visit www.efficientpractice.com or email David at: dLawrence@efficientpractice.com.

Here Are A Few of the Benefits of "Going Independent":

·         Payouts on all your business, including fee based accounts of 90% plus.

·         The opportunity for you, not someone at the home office, to control your bottom line and the profitability of your practice.

·         The opportunity to build related businesses such as insurance, qualified plans, or trust companies, and keep those revenues.

·         The opportunity to eliminate your clients' perceptions of conflicts of interest with research departments and corporate finance groups - TRUE OBJECTIVITY.

·         The opportunity to charge and keep substantial fee income for planning, analysis and other services to your clients.

·         The availability of technology that is as good or better than anything you have now.

The list goes on...

If you know someone who might be ready to go Independent, please have them visit www.goingindependent.com (go to our Opportunities section and click on Hotjobs) or contact Mitch Vigeveno directly at 727-725-8876.


This Month's Registered Representative Opportunity:

This independent broker-dealer has been supporting advisors for over 27 years. Their focus and philosophy is simple: Create value. The true purpose of a broker dealer is to serve the interests of its representatives. Many firms lose that focus over time and shift to self-interests, proprietary products, and/or parent company demands. This BD will always focus on you! They run an efficient back-office, provide big-firm services with a small firm touch and offer one the most competitive payout schedules in the country.

At this BD, they understand your independence, and that their role is only to perpetuate your success. They also understand that the client relationship is between you and the client and that they work for you. With that said, they feel that 27 years of independence, solid financial foundation and resourceful philosophy are a perfect fit for the representative that needs no boundaries. With this BD, independence is paramount. Allowing their representatives to conduct their business without obstruction or the introduction of proprietary products is important to them. Because of this value, their independent representatives have certain freedoms and access to outside resources not generally provided or promoted by other broker dealers.

This BD has no proprietary products, advisory services or technology. They rely on outside resources for the things they should, those things best left to the vendors that specialize it such items. They have a strong and experienced Compliance, Brokerage Service, and Licensing & Commissions Department. Those are the areas they specialize in.

This BD understands that transitioning your practice is a HUGE decision and requires a great deal of planning as well as attention to detail. Their goal is to ensure to the best of their ability that your transition experience to the firm is successful, quick and efficient. They try to make it easy to do business with them and will treat you like a part of their family, before, during and after your transition.


Turning Point, Inc.
405 2nd Street South
Suite A
Safety Harbor, FL 34695
(727) 725-8876
(727) 669-8263 (fx)
www.tpisearch.com
tpi@tpisearch.com

Here's some additional information from Turning Point, Inc...

TURNING POINT PARTNERS:
Are you getting the most out of your business?  Are you operating at peak efficiency?  How about your marketing, your compliance,  or your HR?  We have some friends who can help you out.  Just visit our Partners section in our website for links to a variety of services that are helpful to building your business!

Quote of the day:
"The brain is a wonderful organ.  It starts working the moment you get up in the morning and does not stop until you get into the office."
Robert Frost (1874-1963)

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