RightCapital, a next-generation financial planning tool that provides advisors with the ability to create custom, comprehensive financial plans, announced the launch of the RightCapital App – a white-labeled, native mobile app that connects clients with their advisors so that they can coordinate in real time on financial planning needs, anytime, anywhere. The app was launched at the 2018 XYPN conference in St. Louis, Missouri – September 23-26, 2018.
The RightCapital App allows advisors’ clients to view account balances, review their budget, categorize account transactions and link accounts. In addition, the app contains a financial planning component that provides clients the flexibility to see their probability of success relative to their goals, helping the client focus on their holistic financial plan rather than short-term daily market movements.
“RightCapital continues to position itself as the leading platform for financial advisors serving Gen X and Gen Y clients,” said Alan Moore, co-founder, XY Planning Network. “With clients’ ability to manage their financial plan on their mobile phone, advisors now have another powerful tool in their tool belt to help investors establish their financial plan earlier in life.”
The app is a direct complement to the current client portal on the RightCapital platform. Client access on the app mimics what is set up by the advisor on the platform, providing a seamless experience from computer to phone.
“As financial planning becomes a more important component of the wealth management industry, connecting advisors to their clients with immediate and actionable information with a financial planning focus is paramount,” said Shuang Chen, founder and CEO of RightCapital. “We designed the RightCapital App with state-of-the-art features aimed to help advisors better engage with their clients and provide real-time financial reports – giving both advisors and clients alike more peace of mind over financial planning goals.”
Another important financial planning component of the app is the interactive client facing task function. Advisors can assign specific goals-oriented tasks to clients as part of financial plan implementation and ongoing touch points. The app enables clients to view all outstanding and completed activities in an interactive list. Plus, the client receives notifications on their phone regarding upcoming assignments. The task functions promote clients to focus on action items from their holistic financial plans and provide them with easy access to their advisors to create a more open, ongoing dialogue instead of just speaking during quarterly or annual meetings – helping advisors deliver better counsel and enhance client relationships.
After 15 years working with financial advisors, RightCapital co-founders Shuang Chen, CFA® and Song Chen recognized how complex many of the industry’s leading financial planning software systems have become over time. Founded in 2015, RightCapital was created with the goal of developing next generation financial planning software that advisors can use to simplify the financial planning experience for their clients with three main goals: an elegant, modern look and feel; interactive, easy to use tools that can be shared by advisors and clients; rigorous and robust calculation engine that generates accurate results quickly. For more information visit, www.RightCapital.com.