Ask Our Director of Marketing: Q & A on Generating Leads for Your Financial Planning Business

Sometimes, advisors who are considering a subscription to Covisum software have questions about how to use our tools and resources to market their financial planning business. Our tools can make a big impact for financial advisors — especially those serving mass-affluent retirees and those in retirement transition. Financial advisors and institutions rely on Covisum’s software, resources and successful marketing tactics to streamline their practices, offer actionable insights and guide


Posted in Katie Godbout, Marketing Strategies, Marketing

Hidden Value: Think You Know the Capital Gains Tax Rate? Think Again.

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 the common belief that the tax rate is 15% on capital gains, and how the tiered bracket structure of qualified dividends and long-term capital gains can actually create some unique opportunities.


Posted in ThinkAdvisor, Hidden Value, Joe Elsasser, Tax

Knowledge Base: Frequently Asked Questions About Social Security Timing

Q: What are differences between Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)?

A: While both the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are aimed at reducing Social Security benefits for people who receive a pension from work in which they did not pay into the Social Security system, they differ in who they affect and how they impact benefits. You can get more information about WEP and GPO here. 


Posted in Social Security Timing, Social Security, FAQ, Social Security Benefits, Social Security Administration

Knowledge Base: Frequently Asked Questions About SmartRisk

Q: What does SmartRiskTM do? 

A: SmartRisk uses a heavy-tailed model to provide more precise portfolio risk measurement, because the actual risk of big losses in client portfolios is much greater than the standard deviation calculation would suggest. SmartRisk doesn’t show what we think will happen; it’s what could happen. This more realistic estimate of risk allows advisors to have a conversation with the client in advance of the next downturn, and set reasonable expectations. In addition,


Posted in SmartRisk, portfolio volatility, portfolio risk, Advisor, FAQ

On-Demand Webinar, "Last Minute Tax Moves: What Advisors Need to Know"

Covisum is hosting a free webinar on December 5 at 11:00 a.m. Central Time where advisors can learn how to optimize year-end tax opportunities for clients. Your clients have until the end of the year to harvest from an IRA, execute a Roth conversion, or take a capital loss. Join Joe Elsasser, CFP®, President and Founder of Covisum for this timely discussion. 


Posted in Webinar, On-Demand Webcast, Taxes, Tax, Joe Elsasser, Tax Clarity

Forbes Finance Council: Three Reasons A Gig Economy Is Overvalued

In a recent article for Forbes, Covisum President, Joe Elsasser, CFP®, suggests that despite a recent resurgence, the gig economy may not be nearly as beneficial for the individual or the company as previously suggested. 

While a gig economy lowers fixed costs for businesses and provides more autonomy for people to do the work they want to do, the negatives far outweigh the benefits. Here's an excerpt:


Posted in Forbes, Joe Elsasser, gig economy

Technology Tools for Today: Covisum Tools Make It Easy

Covisum tools make it easy to provide Social Security advice, model future tax situations and give more realistic estimates of downside portfolio risk

Recently, Bob Veres spoke with Covisum Founder and President, Joe Elsasser, CFP®. Here's the recap published in Technology Tools for Today.

Why does Covisum focus on providing tools for financial advisors who specialize in pre-retirement and retirement planning?

Posted in In The News, Joe Elsasser, Tax Clarity, Social Security Timing, SmartRisk, financial advisor, Advisor

Hidden Value: 4 Ways Advisors Can Support Clients With Dementia

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 offers suggestions for financial advisors who may be advising an elderly client in the early stages of dementia. Advisors can do a few things to make this difficult situation easier and add additional value to their most vulnerable clients. 


Posted in Hidden Value, Joe Elsasser, ThinkAdvisor, Clients, financial advisor

Knowledge Base: Frequently Asked Questions About Tax Clarity

Q: What does the gray portion of the Tax Map represent?

A: The gray portion of the Tax Clarity® Tax Map represents the effective marginal rate (EMR). If you are looking at the “Rate on the next dollar of ordinary income” map, the software indicates at each ordinary income dollar (i.e. IRA distribution, pensions, earned income, etc.) how that ordinary income dollar and other income (Social Security, capital gains, self-employment, etc.) will be taxed. In other words, the software assesses


Posted in Tax Clarity, Taxes, Tax Map, FAQ

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.  


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