Free investment calculators to help brokers and advisors analyze complex financial scenarios
Explaining complex financial concepts to investors is never easy, especially now that regulators are also looking for more evidence of suitability. This is forcing home office and compliance teams to be equally demanding, which can delay or even prevent a sale.
The challenge facing registered representatives includes showing a remote & perhaps skeptical compliance officer that a particular 1035 variable annuity exchange or asset allocation switch is beneficial for a specific client. The same evidence could be required several years later if FINRA asks for evidence during their biannual audit. This all becomes even more complicated should an irritated heir start to question the original sale that may be decades old.
One solution is to emulate the practices of large wirehouses where calculators are used to allow a rep to compare products. The results can be saved for discussion with clients, OSJs, regulators and heirs as and when needed. But many mid to small firms do not have the IT resources to develop these tools.
E*Assist has responded to this need with a series of complimentary sophisticated investment and financial calculators to help independent registered representative and RIAs.
Users can:
• See the cost-benefit analysis of switching from one variable annuity to another potentially more lucrative VA product (1035 exchange)
https://sales.eassistllc.com/sales/va1035.php
• Determine the best product for your clients that are new to variable annuities by comparing the financial benefit of two proposed deferred variable annuities.
https://sales.eassistllc.com/sales/vanew.php
• Analyze the number of years a client’s assets will last after they start their retirement.
https://sales.eassistllc.com/sales/investment.php
Other calculators are being built and E*Assist is developing many of these for free. We welcome the opportunity to discuss your specific requirements.
