Digital Wealth Solution
Combine big-picture analysis with clear, goal-based planning to simplify complex processes, allowing tailored advice that meets each client’s unique needs.
What Is RazorPlan?
RazorPlan is a financial planning software program that takes minimal time to complete and is centered on engaging clients through meaningful discussions and needs analysis.
How Does It Work?
RazorPlan uses innovative algorithms with key client data to perform intuitive calculations generating powerful client reports. This method allows you to quickly analyze your client’s needs while helping them understand the importance of your recommendations.
RazorPlan is used by investment advisors, insurance advisors and financial planners to provide:
- Detailed Cash Flow Modeling
- Retirement Planning & Decumulation Optimization
- Asset Management & Tax Planning
- Risk Management & Insurance Planning
- Personal & Corporate Estate Planning
Client - Centric
Client-Centric
Financial planning can be complicated and getting client buy-in is crucial to both your client relationship and their financial success. Advisors who use RazorPlan are confident that their clients understand the financial plan and act on their recommendations.
Multiple Reports
Multiple Reports
Whether you are conducting an annual review, meeting with a prospective client or presenting a full financial plan, RazorPlan has a report for the situation.
Tax Calculations
Tax Calculations
RazorPlan uses current Canadian T1 tax calculations and provides regular updates for legislative changes. For business owners, RazorPlan calculates the impact of RDTOH and CDA.
Specialized Support
Specialized Support
Get answers to your questions from the team focused on your success. Our customer success team includes CFPs who know the software and can help you get results.
RazorPlan with decumulation
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RazorPlan with Decumulation is an optimization tool for the decumulation phase of a client’s life. It provides an unbiased recommendation on how to reduce the risk of outliving their money, while achieving their after-tax lifestyle and estate goals. Built into the RazorPlan platform, this tool adds to the analysis provided by RazorPlan.
- Automatically determine the optimal retirement withdrawal strategy to either maximize the estate or maximize retirement income.
- Compare the optimal strategy to conventional strategies of drawing down from either registered accounts first or non-registered account first.
- Identify optimal ages to start both Canada Pension Plan (CPP) and Old Age Security (OAS).
- Complement the existing retirement and estate planning strategies created in RazorPlan.
