President's Message July 12, 2011

The Razor vs. Traditional Financial Planning Software Hardly a week goes by where an advisor doesn't ask us how The Razor compares to other software in the industry, and our answer is always the same, "The Razor is nothing like your current software".  In other words, The Razor is different in every way.  The Razor is... SPEED, you can enter data and print a report in under 30 minutes. LOGIC, the software takes a common sense approach to financial analysis. SIMPLICITY, clients will understand it today, tomorrow and next year. Financial planning software firms in Canada all have one thing in common; they believe that the more data you enter into their software and the more pages they give you to print, the more effective the financial plan will be.  When in reality, the opposite is true. At FPAdvantage, we believe that less is more!  That the client questionnaire should take no more than 15 minutes to complete, and the printed financial analysis should be no more pages than your client is willing to read.  In fact, with The Razor you can present a retirement analysis on a single sheet of paper that your client will understand and, more importantly, act upon.  The Razor uses an entirely new approach to financial planning, one that does not require hours of testing, creating different scenarios, and optimizing outcomes to eliminate deficiencies.  Building a financial analysis with The Razor is also accurate.  Incorporating Federal and Provincial tax tables, The Razor answers all of your client's financial and retirement planning questions, and then automatically calculates what the client requires for Life, Disability, Critical Illness and Long Term Care insurance. So how does The Razor compare to existing "Financial Planning" software? Traditional financial planning software allows you to enter endless amounts of client information, exact model multiple scenarios spanning 10, 20, even 50 years, and print off 100+ page reports.  The Razor, on the other hand, is so efficient to use that entering client data and printing off a finished analysis takes no more than 30 minutes, includes no more than 15 documents, and can easily be completed by assistant with minimal training. If you would like to discuss this approach further please feel free to contact us, we are always open for discussion. Dave Faulkner, CLU, CFP President FPAdvantage "Simplicity is the ultimate sophistication." - Leonardo da Vinci