Knowledge Base: Frequently Asked Questions About Tax Clarity

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Posted in Tax Clarity, Taxes, Tax Map

Forbes Finance Council: Why Your Financial Advisor Should Tell You What You Need To Hear-Not What You Want

In a recent article for Forbes, Covisum President, Joe Elsasser, CFP®, highlighted the benefits of choosing a planning-oriented advisor who will encourage you to make smarter financial decisions.

Planning-oriented advisors are particularly adept at seeing the big picture. They ask their clients the tough questions to help them see the impact of every financial decision and how those decisions impact long-term financial goals.  

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Posted in Forbes, Joe Elsasser, financial advisor, Advisor, Clients

The Covisum DNA: a look at company culture and vision

Call us a SaaS company, a fintech leader or a software company, but we believe we are more than that. Recently, we sat down with Katie Godbout, our director of sales and marketing, and asked a few questions about Covisum. 

How do you say Covisum anyway?

A lot of people ask that, not surprisingly. Phonetically, it's "ko-vee-some." Lots of times, people add an extra syllable, and say something like, "ko-vee-see-um." It's not a word used in normal conversation, so I can understand why it's hard

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Posted in Marketing Strategies, Marketing, Culture

Hidden Value: Beware the Social Security Tax Torpedo

Hidden Value is a new column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he discusses how combinations of different retirement incomes can create ugly distortions in tax rates. 

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Posted in ThinkAdvisor, Hidden Value, Joe Elsasser, Taxes, Retirement, Tax Clarity

Hidden Value: How to Help Retirees Pick the Right Life Insurance

Hidden Value is a new column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week Joe tackles how to help clients pick the right life insurance. 

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Posted in ThinkAdvisor, Hidden Value, Joe Elsasser, Retirement, life insurance

CNBC: Your Social Security check could be 2.8 percent bigger next year

A recent article from CNBC says Social Security checks will likely increase next year. A 2.8 percent cost-of-living adjustment has been estimated by The Senior Citizens League. If the estimate is correct, the increase will be the highest bump retirees have seen in recent years.

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Posted in CNBC, Social Security, Social Security Benefits, Joe Elsasser, In The News

Will Siri take your job?

Technology and the future of your practice

Technology is advancing faster than ever before. Who knew that dial-up internet would morph into voice assistants like Siri and Alexa? For financial advisors, this breakneck pace makes you wonder: is a nameless robo-advisor after my clients, or are clients just going to start asking Siri for financial advice?

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Posted in niche, video, Joe Elsasser, Webinar, Webcast, Income Planning Tool, FinTech, Industry Advice

Hidden Value: How do you compare two financial plans?

Hidden Value is a new column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week Joe tackles how to compare two financial plans. 

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Posted in ThinkAdvisor, Joe Elsasser, Hidden Value, Financial Planning

Forbes Finance Council: Key Questions to Ask When Choosing a Niched Financial Advisor

In a recent article for Forbes, Covisum President, Joe Elsasser, CFP®, touts the many benefits of choosing a niched financial practice. 

Niched financial practices have defined specifically which clients they will work with and what services they can provide to make them the best option for those clients. Choosing an advisor who focuses on your particular niche is crucial when it comes to understanding your specific needs and answering any questions you may have comprehensively. 

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Posted in Forbes, Joe Elsasser, Financial Planning, In The News, niche

ThinkAdvisor: A Major Shift is Coming in How Advisors Use Fintech

In a recent article for ThinkAdvisor, Covisum President, Joe Elsasser, CFP®, suggested that full integration will overtake open architecture as the theme of the next decade. 

When financial tech begins to provide full integration, it will enable greater efficiency and the ability to provide mass-customization processes in financial firms. Highly customized, quality advice will be more affordable to the mass affluent, while still adding value for the consumer.

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Posted in ThinkAdvisor, Joe Elsasser, FinTech, Tech, In The News