Collaborative vs. Professional Version

Questions:

My understanding of RetireWare is that the Professional Version is used by the financial professional to prepare a retirement plan for the client. The client is then not able to access the plan to update its progress. Is that correct?

My understanding of the Collaborative Professional Version is used by the financial professional to prepare a retirement plan for the client, but the client is then able to access the plan via the web to update its progress and view the information. Is that correct?

In your experience, given that my above understanding is correct, which of the above approaches is the one that has met with the most success?

Answers:

Your understanding of the difference between the Professional and Collaborative versions is correct.

With RetireWare, you will get a financial plan for retirement that includes a cash flow forecast, odds of success, assessment of the exposure to each of the main post-retirement risks. The output is the same regardless of the product between the Pro and Collaborative version.

Note that with the Collaborative version your users get a simplified version and reports in order not to overwhelm them with too much complexity and details.

For a recommendation, the Pro version is more suitable if you want only to create reports and transmit a PDF to your clients. If you want to build a user base from online referrals, then the Collaborative version is the way to go.

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Written by RetireWare / Equisoft