RightCapital offers clients-facing websites and mobile apps and an integrated financial planning and reporting tool suite. It features document vaulting functionality as well as connecting outside accounts. In addition, RightCapital’s platform features simplified presentations that more effectively convey complex solutions.
Integrating SmartOffice allows RightCapital to quickly sync household contact details and account data, such as positions and values from its databases, into RightCapital.
Client Portal
RightCapital is a comprehensive financial planning software platform with client portals, budget tools, educational materials, and document storage space for important documents. The powerful engine behind it performs comprehensive financial planning analytics such as cash flow projections and modeling of “what-if” scenarios; additionally, it tracks progress towards goals while modeling retirement Monte Carlo simulations and displaying risk metrics intuitively.
The client portal gives clients 24/7 access to account information (balances, holdings, cost basis, transaction history, and projection values) with daily intraday updates as of the prior business day. In addition, clients can link bank and loan accounts, employer-sponsored 401(k), and individual retirement accounts with their RightCapital portfolio for account aggregation; this allows them to see all their assets at once instead of needing spreadsheets or third-party apps to track them manually.
Client portals feature a comprehensive budgeting module to reduce clients’ reliance on external expense-tracking apps or manual spreadsheets, such as bar graphs showing their budget balance and spending. Clients can link credit cards and bank accounts automatically and import transactions for them; this saves both time and effort while giving clients a quick way to compare expenses against their budget.
Finally, the client portal features a task manager to streamline communication between advisors and clients. This tool helps both parties stay on task by keeping a record of each other’s work and sending reminder notifications, in addition to making sharing links and web pages simple for clients. Plus, its platform supports several document formats with two-step verification!
RightCapital’s client portal also boasts an innovative mobile application, providing users with all of the functionality of desktop computers. Available for both Apple and Android devices, this mobile app features budget tabs, account balances and probability of success calculations, and advanced financial planning features to make it one of the market’s most feature-rich financial planning apps.
Mobile App
RightCapital mobile app gives clients access to their financial plan anytime on iOS and Android devices. Users can download it using an invitation from their advisor, sign in securely using Face or Touch ID, and access their account quickly. Plus, using RightCapital’s free service allows clients to leverage its comprehensive capabilities without paying an annual subscription.
This app offers one-stop aggregation for bank, credit card, and investment accounts and tracking spending and budgeting assistance. Additionally, its student loan repayment calculator illustrates various scenarios for student loan repayment, while its secure document vault provides fast file delivery to your advisor. Finally, its user-friendly interface enables new clients to become active quickly.
RightCapital has quickly earned accolades since entering the wealth management software space as one of its newest players. It draws praise for its user-friendly experience and ability to present clients with comprehensive financial plans in real-time. Furthermore, RightCapital stands out with its lightning-fast calculation engine compared to other planning tools.
RightCapital is an ideal solution for financial advisors looking to streamline their planning process and meet the needs of today’s younger clientele. Its intuitive display and in-person collaboration capabilities make RightCapital an attractive choice among advisors seeking exceptional client experiences.
RightCapital was established in 2015 to offer modern clients innovative financial planning. Its co-founders recognize the complexity of traditional wealth management systems and have taken steps to develop a more accessible, everyday experience for clients. RightCapital prides itself on an elegant design, interactive tools that can be shared easily, and an advanced calculation engine.
This application offers exceptional customizability, enabling users to tailor their experience to their needs. Users can select either cash flow- or goals-based planning depending on their preference; additionally, rental properties or self-employment income streams can be added as income streams in their model.
Reporting
RightCapital offers advisors high-quality reporting that clients can print directly. Each report can contain up to ten pages and be personalized by adding a firm logo, client information, and other crucial details – making this feature especially helpful for busy practices.
Advisors can easily create unlimited reports, customizing the order in which they appear and changing their default color theme to meet branding needs better. This feature is accessible to all advisors, with super administrators turning it on automatically. They may also enable general information areas that populate client and firm name/firm information on PDF report cover pages.
Advisors need a straightforward reporting solution that enables them to demonstrate the value of their services to clients. RightCapital provides just this with its financial planning software solution, RightCapital. Designed for ease of use and integration with many popular custodians, RightCapital was built for stability and scale, using redundancy to prevent single points of failure while being backed up daily and boasting multiple data centers designed for resilience so in the event of an outage, it can restore services from its backups.
RightCapital offers various reporting capabilities, including Snapshot, an individual plan tailored specifically for each client. This one-page plan is the perfect solution for busy advisors to create and deliver customized presentations quickly. Snapshot features historical net worth data, balance sheet summary/details, expense budgets, liquidity information, investment information tasks, and formatted text boxes to accommodate client notes. In its spring release, Snapshot also boasts new savings metrics and stress test capabilities to demonstrate the power of their recommendations.
Orion allows you to integrate RightCapital accounts with their financial plans in a seamless fashion, seamlessly pulling in position-level account data as well as life insurance policy details to update each night in their net worth. It’s an efficient and accurate way of saving both time and improving accuracy for your clients!
Integrations
RightCapital offers advisors a comprehensive selection of integrations that enable them to link client information with various technology platforms and reduce data entry time so advisors can focus on serving their clients more effectively. Furthermore, RightCapital supports Single Sign-On features, which allow accessing multiple apps without entering credentials each time – an indispensable feature.
Black Diamond offers an integration that enables advisors to send RightCapital reports directly into Black Diamond’s Timeline feature – saving advisors time and simplifying client communications. To use it, navigate now to a client plan and click the “Send to Timeline” button on each page’s bottom left.
RightCapital can integrate with Fidelity to import position-level account data and household details into financial plans, linking accounts to client net worths, which update daily with last night’s closing values. Advisors also have the option of adding specific life insurance policies.
Many integrations also offer reporting data that advisors can use to analyze client investments, such as asset class breakdowns and Morningstar risk numbers, which can help determine which investments might best meet clients’ needs.
RightCapital offers integrations that enable clients to seamlessly transfer account information between platforms, saving time and ensuring an accurate financial picture for clients working with multiple advisers or custodians. These features are beneficial when managing multiple advisers or accounts managed by different custodians.
RightCapital’s team of engineers includes many with backgrounds in computer science and other areas. With a deep understanding of their product’s technology and an eye toward innovation, these engineers excel in understanding it in-depth. For instance, they recently developed a high-performance computing algorithm to run retirement Monte Carlo simulations on standard GPU (Graphical Processing Unit) chips found on Xboxes.
