I have been using WealthTec® Suite for years and, to put it simply, would not consider practicing without it. The reports produced by this system reduce highly complex analyses to simple, clearly understandable summaries. As I tell my consulting clients, if you can't model it in WealthTec Suite, you probably can't model it in any off-the-shelf software package. But, even more importantly, clients can understand what you've done.
If a particular engagement requires lifetime cash flow projections, sophisticated estate planning AND detailed income tax modeling, WealthTec's Cash Flow & Estate Planner (CFEP) is your tool of choice. The CFEP can handle AMT, NUA in employer stock, Roth IRA conversions and other items that most software simply can’t deal with.
EstatePro is one of the very few estate planning tools that lets the planner examine what implementing sophisticated estate planning strategies (to increase "net wealth to heirs") will do to the client's cash flows. You can build as many cases (I think of them as "scenarios") as you want. The estate planning capabilities of this tool are exceptional.
Synergy should have great appeal to advisors (and clients) who are more apt to ask "can I get there from here?" than "how will my portfolio and cash flow look each year?" It includes both a "gap" analysis, that focuses on the client’s shortfall and the dollars it will take to remove it, and a "trend" analysis, that answers a different question: "Will existing and anticipated resources meet future needs, and, if not, how long before those resources are exhausted?"
In addition to the aforementioned planning tools, WealthTec Suite includes a number of focused planners that let you zero in on specific planning techniques (e.g., comparing a GRAT to an installment sale to a grantor trust). These focused planners include a feature that I simply love, the sensitivity analysis, which lets you test not only whether a specific strategy will produce an increased benefit over an alternative, but also the extent to which changes in the values of key variables will impact that result.
WealthTec is an integrated suite, which means that much of the information (client personal data and investment holdings) need be entered only once, in the Pinnacle module, and will flow to the other tools. Pinnacle is also where you can do an asset allocation analysis, using either the default values or your own asset class information (returns and standard deviation) and model portfolios.
One item that my software consulting clients always ask me about is support—"Can I get HELP from the software manufacturer when I've got a question?" In the case of WealthTec, I'm happy to say that the answer is a resounding "YES!" If you email WealthTec with a question, you will get a response PROMPTLY, and it will usually solve your problem—assuming that you included in your email the data file for the case you're having trouble with. If you pick up the phone and call, you're quite likely to be connected to a real, live human being—Howard Eisenberg, the developer of the software. He's amazingly available (which makes you wonder if he has a life). Not incidentally, the HELP function within WealthTec Suite is, in my opinion, the BEST in the entire industry. If you don't use it, you SHOULD.
John O., CLU, ChFC, AEP
Estate & financial planner and software consultant
WealthTec Suite is absolutely essential for any serious financial or estate planner. It dramatically reduces the time needed to model client scenarios while substantially increasing the technical precision with which those models can be constructed. There is nothing on the market that remotely approaches the value and the power of this program at any price.
Rick T., CPA
Director of Tax
Howard's WealthTec Suite of planning tools is comprehensive, powerful, flexible, and phenomenal. The easy to understand illustrations (including estate planning flowcharts for complex techniques) as well as cash flow and Monte Carlo simulations are great to use with clients.
I have used other products, but they all seem to be missing something - nothing comes close to what Howard has developed. And the free trial offer can't be beat.
Julie E., JD, CPA
WealthTec Suite is an incredibly robust and comprehensive wealth planning tool. There are several modules and tools available to analyze a client's specific situation. Our company chose WealthTec Suite, because of its ability to model out complicated cash flow analyses that also take into account wealth transfer objectives. We also chose the software because of its ability to do scenario comparisons & sensitivity analyses. The program is continually updated with any tax legislation that impacts the analyses. This gives us confidence that the reports the tools generate are more accurate from a tax perspective. We also like the fact that WealthTec provides a ton of client ready presentations on estate planning topics and strategies that we can utilize. The client service is also incredible. Howard Eisenberg, the program's developer, is always available to answer any of my questions regarding the software inputs and outputs. I highly recommend WealthTec to anyone who is looking for a financial & estate planning software tool.
Jennifer T., CFP®
Financial planning practitioners have always been hamstrung by the lack of a suitable software platform. Commercially available products have never been sophisticated enough to handle the minefield of very technical issues and overlapping disciplines. The alternative, building custom spreadsheet models has not, and never will be, efficient or economically feasible.
Along comes WealthTec, which possesses a unique bimodal expertise in tax law/financial planning and spreadsheet/program design. WealthTec has created a financial and estate planning program that is the first reference standard in the financial planning software industry. WealthTec Suite incorporates a wide range of flexibility and variability across the entire spectrum of sophisticated planning techniques, with an emphasis on cash flow and estate planning. Voluminous supporting schedules satisfy the detail-oriented professional, and dynamic, colorful graphs, charts and illustrations provide a very professional and impressive client-friendly report.
WealthTec Suite is the product we financial planning experts have always dreamed about but never believed possible. If you want tools that will dazzle clients and make your practice more efficient and profitable, become a WealthTec Suite subscriber today.
Hank E., CFP®, CPA/PFS, MS Tax
After extensive study and comparison of the software alternatives available to manage a sophisticated and high-end client base, we found WealthTec and have been a loyal subscriber for going on eight years now. Howard Eisenberg is more than a software developer and writer, he is actually a valued, albeit unpaid, employee of our firm. It is a pleasure to deal with Howard and benefit from his expertise in working with our clients. Equally important, he has been willing and able to incorporate some of our suggestions into his software. In working with other financial planning software vendors, we are oftentimes shunted to a help desk that is neither able nor willing to timely answer our inquiries but that is not the case with WealthTec. I would give my
highest endorsement to WealthTec and am proud to be a Charter Member of the WealthTec Fan Club.
Eliot B., CFP®
Senior Financial Planner
Senior Vice President
Over the course of our first 20 years in practice, we had tried virtually every planning software package on the market. For more than eight years now, we have relied upon the WealthTec Suite of products—the Swiss Army Knife of Financial Analysis—for all client engagements, of whatever scope or complexity; there's nothing quite like having the right tools!
While there is a legitimate learning curve, the Help system is extensive and product support superb. For the professional who truly understands the issues and the variables they're trying to analyze, and in turn convey to their clients, as support for critical decision-making, we can think of no better, more tightly integrated financial-planning software solution than WealthTec Suite.
Bill D., CFP®, CLU, ChFC
I have worked as a tax consultant for a Big Four Accounting firm, a tax attorney specializing in family wealth planning and now as an advanced planning strategist with a global wealth management firm. To my knowledge, I know of no other software offering on the market that delivers the kind of impressive looking estate and financial planning illustrations as WealthTec Suite. The tax, financial and estate planning modeling capabilities of these tools are simply unequaled by any other program. In my practice, I work with very successful, high-net worth individuals and closely held business owners. The deliverables produced by this suite have been very well received by my clients. In addition, they take away the guesswork as to which estate planning technique may yield the best result given a certain set of assumptions. The tax and financial modeling capabilities of these tools are truly remarkable but not overly complicated. Another great thing about WealthTec Suite is its flexibility and ease of use. In addition, WealthTec's product support and responsiveness to technical questions is top-notch.
C. Shannon E., J.D., LLM in Taxation
Advanced planning strategist
Howard L. Eisenberg, CPA/PFS, CFP®, CTFA, ChFC®
Tel: (301) 725-1437
Fax: (301) 725-1593
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