- Category: Financial Planning
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Redtail Technology just released a major upgrade to its popular CRM application. Dubbed Project Tailwag, this version of Redtail only the third upgrade in the companys 12-year history offers a host of new enhancements.
Redtail has grown from modest beginnings to become one of the leading providers of customer relationship management software in the independent advisory space, with more than 85,000 users. In fact, according to the most recent Financial Planning Technology Survey, Redtail CRM was the most widely used CRM tool.
There are a number of reasons that Redtail is so popular. One is that it was among the first industry-specific CRM products to adopt cloud technology. Many of its competitors took years to follow suit.
Another attraction is ease of use. Initially, Redtail was far from the most feature-rich CRM in the space, but it provided core functionality that was more than sufficient for a large number of advisors. By initially limiting the feature set to the essentials, Redtail was able to deliver a product that was relatively simple to learn and use.
Although the feature set and sophistication have expanded substantially over the years, the folks at Redtail have done a great job of maintaining the focus on usability.
A third area where Redtail excels is in pricing. Unlike many competitors, Redtail charges by the database, not by the individual user. A single database, which can accommodate up to 15 users, retails for $65 a month, with discounts available through many custodians and broker-dealers. Thats for anytime, anywhere access to your data, from both computers and mobile devices, and includes backups and disaster recovery.
The moment you log on to the new edition of Redtail, the contrast with the older version is striking. The new design is more modern, and was obviously built with a mobile-first mentality. Navigation is simpler. More of the functionality is exposed. And the elements on the screen are large enough so that they can be clicked with a finger on a touch screen.
At the top of the page, there are four boxes, each containing firmwide information: Assets Under Management, Reminders, Timeline (which highlights recent changes to the database) and Projects.
That Projects link is new to Redtail. In the past, separate niches held simple linear lists of tasks as a checklist; more complex tasks that are dependent on other tasks were separated as workflows. Now you have the flexibility to combine the characteristics of checklists and workflows into a single project. You can then link projects to a contact, an opportunity or
Projects can also be saved as templates for future use. Redtail says it plans to expand on the power of the project functionality in future releases.
As part of this new expansion of functionality in the area of projects and workflows, Redtail plans to allow custodians and broker-dealers to create libraries of workflows that Redtail can then make available exclusively to the relevant client base. For example, TD Ameritrade could create a set of workflows for its custodial clients, and LPL could create a separate set for its advisors. These could then be used as is, or as the building blocks by individual firms.
There are other nice aspects to the workflows and projects. When you add a step to a workflow, you can enter an expected outcome, so you can track whether or not the step achieved the desired result. Every task that you create becomes a calendar item, so if you create a task for your assistant and create a due date, that task is immediately entered in that persons calendar.
The user can navigate through a detailed list of all projects, with each projects name, status, estimated completion date and the current step in the process.
Below the four boxes at the top of the page, there are a number of additional sections. Most in my sample database contained information at the firm level, but at least some could be filtered to display a subset of the information. For example, the Pending Activities box could be set to display all pending activities firmwide, or filtered to show just my activities, everyones activities except mine, a teams activities, or a specific type of activity. A box displays contacts by status, accounts by type, top accounts by balance, and upcoming opportunities.
Theres also a new, distinctive workload graph. In the previous version of Redtail, you could track the workload of team members by duration, but you could not compare duration with expected duration. Now you can.
- Category: Financial Planning
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Considering that discovering this lesson, Ive changed my day-to-day regular so I don't feel rushed while finishing tasks. Adapting to the brand-new standard has actually enabled me to be better at my task and handle more responsibilities. Over the previous couple months my daily tasks have stayed the exact same, however my communications with customers have actually advanced. Over the summer I had the ability to talk with clients youngsters about personal finance in college. This was particularly exciting as Ive constantly felt enthusiastic about assisting young adults take control of their monetary future. In another conference, an advisor delegated get water and instructed me to go over Roth conversions with our client. And a client called recently and told me an emotional, personal story. I no longer need to trouble the advisers to check my numbers and go over e-mails — — they trust that exactly what Im doing depends on their standard.
My change into the world of financial planning has actually verified my belief that the details do create or damage you, but my understanding has actually advanced. Financial planning is a device that is higher than the sum of its parts, and Ive found out how to acknowledge and dig much deeper for the missing out on pieces. Changing my truth has enabled me to grow in my position at Foundation and will certainly make me a much better planner in the future.
Amanda Moore is a citizen in monetary planning at Foundation Wealth Advisors
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How Personal Loans Are Better Than Payday Loans
Do you know the reasons as to how personal loans are better than payday loans? You have more than likely heard of both and may even be unsure as to which one to apply for, but this should not be the most difficult decision you will ever have to make.
The main reason is that the interest rates and repayment terms are always far more favorable and we are not talking in slight margins here. Personal loans can be below 10% APR while payday loans can have an APR of over 4000% in some cases. You will also be expected to pay it all back at the one time as opposed to over months or even years, so your personal budget is stretched to breaking point.
Payday loans are also more likely to put you into deep financial trouble whereas personal loan lenders are stricter on who they lend money to, so there is a greater sense of trust. When you weigh up these key differences it should become immediately apparent as to why personal loans are indeed the better option.
Facts On Special Programs for Bad Credit through ARCCT.Com
For many years, bad credit history has been barring thousands of people from accessing loans. Not any more, ARCCT.COM has come up with a number of special programs that are specifically tailored to help clients in such situations to get affordable loans online. Here are some of the supreme highlights that give this platform an upper hand in the market. Reviews and recommendations are phenomenal for ARCCT Loans for People With Bad Credit and they provide services nationwide so they can help most people.
All their personnel are highly trained and committed to maintain high levels of professionalism, diligence and transparency before and after processing of your loan. To ensure that your privacy is not compromised, they have invested in a secure online application system that protects all information submitted. The information will never be shared not rented out to third parties. No more guess work; their personnel can help you make an informed decision by explaining the various bad credit loans available.
Unlike other traditional financial service providers who have a negative perspective about bad credit. ARCCT.COM has a clear and unbiased understanding of the tough situations and is willing to help you out. Bottom line, they don’t gauge your ability to repay the loan based on your past financial records. The repayment plan and interest rate are very flexible and affordable.
Gone are the days when you had to wait for days or even months to get a loan. This platform has worked smart to come up with an easy application process that is 100% free for all applicants. All you need to do is fill the form with accurate personal details and submit. Their team of professional will then review it, approve and deposit the cash into your bank account. This is has helped many clients to meet emergency financial obligations. Be sure to contact them once you receive the money to rate their performance. Clients’ feedback is used to improve service delivery.
Wide Array of Loan Programs
To meet the diverse clients’ needs, they have come up with a number of loan programs. By choosing ARCCT.Com, you can get PayDay Advance, Personal Loan http://www.arcct.com/personal-loans.html or an Auto Loan at any time of the year. Just choose one that best suits your current needs. They have also gone a step further to establish customer support team which is always available to respond to queries. More importantly, you will get some expert tips that you can apply to improve your credit score.
ARCCT.COM is indeed the most reliable and efficient provider of nationwide bad credit loans.
Various Problems When You Have Bad Credit
Different credit scores or ratings are used by different types of lenders to determine whether to approve a loan or financing application or to reject it. A person who has a bad credit score or rating can experience various problems for instance the individual may be turned down from borrowing money.
Making loan or credit card payments late or missing them, being bankrupt, or simply failing to stick to the terms of a loan or credit agreement can lead to a bad credit history and this would affect the future borrowing capacity of the individual.
Both large scale lending, such as getting a mortgage to purchase a house, or a loan to start a business and small loans, such as getting a credit card, or financing a new car, can be affected based on the credit score.
Anyone who is refused credit can ask for an explanation and that would provide more information on how to improve the bad credit rating before trying to borrow from another lender.
Problems People With No Credit Face When Trying To Start Credit
There are several problems people with no credit face when trying to start a credit history, but the main issue for the financial industry is a complete lack of trust in the individual. Their entire lending premise is based on looking at how they have acted in the past, but if you have no credit history, then there is nothing for them to base their assumptions on.
Companies that offer credit are then going to be concerned about lending money to a relatively unknown individual, so the amount of credit on offer is often greatly reduced to limit their exposure to potentially losing money. Of course this reduced amount of money is then another issue for the person that is looking to borrow money as they might fall short on the cash that they need meaning they may need to look elsewhere. When you then add in higher interest rates as well you can understand why people find building credit so difficult.
Somebody with no credit history can, therefore, find themselves in a state of financial limbo and that does make a difference to an individual. You need to be prepared to borrow less money at higher rates and pay it back on time in order to benefit from it in the future.
What Causes Bad Credit?
Bad credit is not instantaneous but happens gradually over time. Having bad credit can affect an individual in a number of ways from preventing one from securing employment to getting a loan. Here are some things that can cause bad credit.
Debt - Thousands upon thousands of people have debts that they can't possibly pay off. The rising cost of living is sighted as one of the main factors that causes bad credit. When the cost of living rises and the paycheck remains constant, people tend to turn to credit cards to buy items. Some of the cards have high finance charges http://www.consumer.ftc.gov/articles/0150-coping-debt which accumulate pretty fast eventually making it difficult for people to pay the monthly balance.
Late Payments - Late payments on a credit card often results into bad credit. Each late payment is reported to credit bureaus. Lenders will most of the time lend money to a person who has no late payment as opposed to someone who has a late payment in the past.
Delinquency - When you can’t pay for a credit card, it’s always advisable to notify your bank. Past due payments will in the long run go into collections that in turn affects a person’s credit score.
Overlimit - When you go above the credit limit, monthly installments will increase. It’s always wise to check the available credit on a credit card and stay within the limits.
Payment Method – People who use cash to shop instead of credit cards have no bad credit. When you pay for items in cash, financial charges are eliminated. Whenever possible, leave credit cards at home to minimize the temptations to use them.
Bad credit can be easily avoided by building a strong credit history. Monitor your credit, make sound financial decisions and pay your bills on time.
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