IPS AdvisorPro® Blog
Latest Integration News: IPS AdvisorPro® and Redtail Integrate Technology Systems
We are pleased to announce that IPS AdvisorPro® is now integrated with Redtail CRM. You can now import data from your Redtail account into an IPS. As a matter of fact — for the same client you can import the investor information from Redtail, and import the Risk Tolerance and Asset Allocation from MoneyGuidePro™.
Please click here to download the PDF version of this Press Release. A brief illustration of this integration may be viewed in the video below.
Investment Policy Statements: Managing Client Expectations in the Dodd-Frank World
Linda Lubitz Boone, CFP®, co-founder of IPS AdvisorPro® recently hosted a webinar for RIA Central. The presentation, Managing Client Expectations in the Dodd-Frank World, focused on the benefits of using an Investment Policy Statement (IPS) with clients, how the Dodd-Frank Bill will potentially impact the financial services industry, and how an IPS can help.
Linda’s presentation was recorded by RIA Central. If you missed it, please click here to access the full presentation!
If you would like to learn more about how you can systematically create and manage your Investment Policy Statements, please join the IPS AdvisorPro® weekly demonstration, offered every Thursday at 1:00pm EST (Meeting 1: Introductory Tour), and/or direct your inquiries to sales@IPSAdvisorPro.com.
New Functionality: Asset Allocation Ranges and Much More
We are pleased to announce a new version of IPS AdvisorPro® has been released; this new release includes a wide array of new functionality. The video below illustrates the navigation of these exciting new features:
Asset Allocation Ranges
Other Improvements in the Asset Allocation Area
- Asset Class Groups
- Add new Asset Class Groups
- Asset Class Group labels may be changed
- Colors of Asset Class Groups may be changed to reflect display within the pie chart
- Asset Class Groups within an Asset Allocation Model may be ranked (for order of display)
- Asset classes may be moved to different groups
- You may override the calculated historical return or standard deviation for an asset allocation model even if no custom asset classes are used
Improved list of existing IPSs
- You can quickly identify the IPSs that are standard vs. professional
Template Management Improvements
- You hand-pick the templates to which you wish to apply (sync to) a particular paragraph
- Header/Footer customization was added to standard templates as well
New Verbiage Available For Your Review and Import To Your Current Templates
- Executive Summary
- Removed duplicate “Asset Allocation” title
- Adjusted expected return tokens in Profit Sharing template
- “Asset Classes to be included” under “Diversification and Investment Constraints”
- Added space
- “Plan Fiduciary Bond Information” -> “Overview”
- Updated verbiage for Self Directed 401(K) plan, Pension Plan, and Profit Sharing templates
- “Investment Monitoring and Control Procedures” -> “Reports”
- Updated template sections to accommodate the new asset allocation ranges functionality
- “Asset Allocation” -> “Portfolio Allocation, Statistics & Rebalancing – With Statistics”
- “Asset Allocation” -> “Portfolio Allocation, Statistics & Rebalancing – Without Statistics”
- “Asset Allocation” -> “Portfolio Allocation, Statistics & Rebalancing (Projected Returns)”
- “Asset Allocation” -> “Portfolio Allocation, Statistics & Rebalancing (Historical Returns)”
- “Asset Allocation” -> “Portfolio Allocation, Statistics & Rebalancing – Updated Allocations”
Investment Policy Statement Solution for Scottrade Advisor Services
Earlier this year, Scottrade Advisor Services selected IPS AdvisorPro® to provide its registered investment advisors (RIAs) with the advanced investment planning tools offered by IPS AdvisorPro®, to develop their Investment Policy Statements (IPS).
An IPS provides the essential correlation between the plan and the process, as well as a well-organized agenda for client meetings. Additionally, a well-constructed IPS will re-engage clients in their investments and their advisor’s process for managing their money, and it can ensure compliance coverage.
On Wednesday, November 10, 2010, IPS AdvisorPro® provided a presentation for advisors affiliated with Scottrade Advisor Services. The presentation, titled Web-based Investment Policy Statements: The “killer app” in Times of Market Volatility, cited how the application is beneficial with client management, compliance coverage, and technology efficiencies.
IPS AdvisorPro® provides the ideal tool for creating a fully customized IPS to address the unique philosophies and practices of any wealth management firm. Its award-winning comprehensive technology enables efficiency that assures consistent deliverables across advisors within a firm and from client to client.
IPS AdvisorPro® Celebrates 4th Anniversary!
IPS AdvisorPro®, an award-winning online technology platform fro creating fully customized Investment Policy Statements, is proud to announce that it has been 4 years since its initial launch April 16, 2006.
Thank-you for your support!
IPS AdvisorPro® Exhibited at Recent ABA Conference: Co-Founder Linda Lubitz Boone Commented on Increase in Wealth Mgmt. Opportunities for Bankers
March 15, 2010
Banks In Wealth Management – Is Now The Time?
Charles Paikert
Editor in New York – Family Wealth Report
The proverbial window of opportunity for bankers who want to be in the wealth management business has never been wider.
And bankers can’t say they haven’t been alerted: the seize-the-moment theme was repeated throughout last week’s American Bankers Association’s annual Wealth Management and Trust Conference in Phoenix, both from the podium and on the exhibit floor.
In fact, the conference began with the keynote speaker exhorting bankers to “switch to offense this year.” Read more
An IPS Pro: Norman Boone’s expertise on investment policy statements powers his software product-and his advisory practice.
February 1, 2010
Norman Boone has an impeccable resume. Founder and president of Bay Area-based Mosaic Financial Partners, Boone earned his CFP certification in 1984 after an undergraduate degree from Stanford and an MBA from Harvard. He served in the first class of directors elected to the national board of the FPA. And he has been included as one of America’s Best Financial Advisors by the Worth/Robb Report every year since the list’s inception in 1994. Read more
New Functionality Released: Additional Template Control
As part of our commitment to continuing to enhance the IPS AdvisorPro® platform to make it even more useful, we are pleased to introduce a new set of functionalities. With these new functionalities you will have increased flexibility when customizing your templates AND you will have increased options when tailoring each of your client IPSs.
The new features include
- Compare a paragraph of your template to the latest version in the default IPS AdvisorPro® template
- Add a paragraph to all your IPSs
- Remove a paragraph from all your IPSs
- Restore an IPS to its original verbiage as configured by template
- Add new or pre-existing paragraph to an IPS
For instructions on how to use this functionality please refer to our HELP MANUAL. Additionally, please take a few moments to view the video below that will provide a visual illustration of the new functionalities. For better visibility, you can click “Full Screen” in the video player. If you have any questions please do not hesitate to contact our Help Desk at support@IPSAdvisorPro.com.
As always we thank you for your continued support of IPS AdvisorPro® and would like to remind you that we appreciate and value your feedback. If you would like to provide feedback and/or suggestions regarding this improvement or others you are interested in then please contact us at support@IPSAdvisorPro.com.
We wish you a Happy and Healthy holiday season!
The IPS AdvisorPro® Team
ASN Summit Successful-Norm & Linda Boone, session hosts
The Advisor Solutions Network (ASN) held its first Practice Management Summit in November in Atlanta, Georgia. Sixty participants were treated to a world-class line-up of speakers who delivered two full days of thought-provoking content. The program agenda was designed to achieve three key objectives:
- Help render appropriate advice in a post-Black Swan Era
- Help advisor regain client confidence
- Help advisor rebuild or win new business
Thirteen (13) sessions held during the Practice Management Summit included, but was not limited to, the following:
- Investment Management Consulting in the 21st Century: Craft or Trade? Ron Surz, President, PPCA
- To Be or Not To Be: Fiduciary Landscape Under Regulatory Reform; Kristina Fausti, Director of Legal and Regulatory Affairs, fi360
- Using Public Relations to Turbo-Charge Your Marketing Plan; Marie Swift, President, Impact Communication
- Dynamic Asset Allocation: Rx for a Post-Black Swan Era; Rex Macey, Chief Investment Officer, Wilmington Trust
- Providing A Comfortable Ride for Your Clients (and Your Practice); David Loeper CIMA, Wealthcare Capital
- In Search of Manager Alpha: Does Active Management Still Make Sense? Larry Sinsimer
- The Value Gap: In Search of Advisor Alpha; Steve Barger, Consulting Partner, Advisor Solutions Network
- The Art of Conversation: Your Leading Advantage; Lewis Walker, Founder, Life Transitions Advisors
- Rebuilding Your Business and Managing Client Expectations with Investment Policy Statements; Norm Boone and Linda Lubitz-Boone, IPS AdvisorPro®
- How Personal Legacy Planning can Differentiate Your Practice and Drive Your Production; Mark Colgan, President / Plan Your Legacy
- Audio recordings and speaker presentations are available at www.asn360.com.agenda.asp
VSR Financial Services, Inc. Selects IPS AdvisorPro® for Investment Planning Technology
~ Innovative Platform Will Provide VSR’s 200+ Advisors with Web-based Tools for Creating Investment Policy Statements
Miami, FL and Overland Park, KS – August 26, 2009. VSR Financial Services, Inc. announced today the selection of IPS AdvisorPro® to provide their over 200 financial advisors with advanced investment planning tools for developing Investment Policy Statements (IPS). Read more
