When it comes to helping your clients optimize their retirement income planning strategies, sometimes you don’t know what you don’t know. With dozens of different variables, updates to tax rules and Social Security benefits, and life’s surprises, the decisions you help your clients make are more valuable than ever.

Covisum’s suite of modular retirement income planning solutions allows financial planners to quickly and easily demonstrate the value of their advice. But how do you know which tool is the right fit for the situation at hand?

Product Matchmaker is a dynamic assessment tool that identifies your current strengths and areas of opportunity, and then it aligns that data with the Covisum solution that can help you meet your goals.

Let’s take a closer look at the challenges today’s financial advisors face and how implementing the right fintech stack can improve retirement income planning outcomes for your clients and increase retention and new lead gen for your business.


Top Challenges Financial Advisors Face

In today’s competitive market, showcasing the value of your advice to clients and attracting new leads is essential — but it’s not easy. Standing out from the competition is challenging, so you need to differentiate your services in the retirement income planning market. 

To stay competitive, you must be able to:

  • Create powerful, client-friendly reports.

  • Find the best financial planning software. 

  • Provide easy-to-understand financial advice to clients, including investments, taxes, retirement income planning, and insurance.

  • Stay up to date on financial regulations and tax laws to educate clients and make adjustments to their financial strategies.

  • Help clients plan for short-term or long-term goals.

  • Attract new leads.

  • Navigate security and compliance.


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Solutions to Address Financial Planning Challenges Head-On

This list may sound overwhelming, but Covisum’s suite of modular solutions enables financial professionals to provide all of these benefits in a way that clearly demonstrates the value of your advice.  

Tax Clarity®

Tax Clarity showcases your expertise and identifies sub-optimal situations, so clients make the most tax-efficient retirement decisions, like when to consider a Roth conversion.

Social Security Timing®

Social Security Timing helps financial advisors optimize their clients’ Social Security claiming strategies and increase their retirement value.

Income InSight®

Income InSight allows advisors to create a comprehensive retirement income strategy, determining which account to pull from and when, and accounts for tax, income need, Social Security, and economic stressors.


SmartRisk provides advisors with client-friendly reports and on-screen portfolio comparisons that makes recommendations and decision-making easier.


Find Your Perfect Match

With multiple Covisum solutions to choose from, how do you find the right retirement income planning tool for the job at hand? 

You’re in luck — we’ve done the heavy lifting for you.

Covisum’s Product Matchmaker assessment tool asks a few simple questions about your role, your organization’s growth plan, and the biggest retirement income planning challenges you want to solve. 

Product Matchmaker then takes your answers and makes strategic recommendations about which solution meets your needs. These data-backed recommendations are based on Covisum’s extensive industry experience and in-depth analysis of our most successful clients’ results. 

When the assessment is complete, you get a free, no-strings-attached trial of the recommended solution to gauge whether it’s a good fit.


Take the Guesswork Out of Building Your Fintech Stack

Many retirement income planning advisors struggle to add the right tools to their fintech stack. Covisum’s suite of modular solutions takes the mystery out of selecting the right software by providing solutions that enable financial advisors to:  

  • Find a unified solution to assess your clients’ Social Security, tax, and income situation.

  • Show clients — in dollars — the value of your advice. 

  • Showcase accurate information on minimizing risk, maximizing tax opportunities, optimizing Social Security benefits, and determining which retirement income stream to use and when.

  • Develop and present the most relevant retirement income strategies.

  • Track and adapt to changes in legislation with a solution that updates when relevant regulatory changes occur.

  • Provide clients with reports that are actionable with client-friendly visuals and data.

  • Do all of this while maintaining security and privacy.


Separately, Tax Clarity, Social Security Timing, Income InSight, and SmartRisk provide actionable insights into individual segments of your clients’ financial strategies. But used together, the Covisum software suite allows you to build a comprehensive retirement strategy that optimizes Social Security claiming, tax efficiency, and portfolio decision-making to increase your clients’ retirement value.


Check out Product Matchmaker for a customized recommendation for the solution you need now. When you’re ready, start a free 10-day trial of the entire suite, and find out why more than 20,000 financial advisors trust Covisum with their clients’ retirement income planning strategies.

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