2018 Tech Tools for Today Software Survey

 
 
If you're a subscriber to Social Security Timing ®, Tax Clarity ®, or SmartRisk TM, we would love to hear your feelings about the software.  Recently, Bob Veres and Joel Bruckenstein created a survey of all of the software programs in the financial planning space. We would really appreciate it if you would consider completing the survey. 
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Posted in SmartRisk, Social Security Timing, Software Programs, Tax Clarity, FinTech, Technology, Tech

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,

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

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

Setting proper downside risk expectations during market volatility 

This just in from FinancialPlanning:

The Dow finished the day down by 1,032.95 points, or 4.15% at 23,849.23 — down 2,767 points, or 10.4%. A drop of 10% from its high of 26,616 on Jan. 26 is considered a correction. The S&P 500 tumbled 2.96%, erasing its gains for the year. Ten-year Treasury yields flirted with four-year highs. 

And on Wednesday, Suleman Din wrote an article for FinancialPlanning titled, "Can another digital demand crush be avoided?" Some of the industry's most well-known

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Posted in In The News, Risk, SmartRisk, portfolio risk, Joe Elsasser, Downside Risk, Market Volatility, FinancialPlannng

Find out how your practice would fare in the next down market

By, Ron Piccinini, PhD, Director of Product Development

From a risk manager’s perspective, a bank is a derivative on interest rates. Similarly, RIA practices can be viewed as a derivative on stock and bond markets. Here’s a quick way to estimate the sensitivity of your practice to markets.

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Posted in Risk, SmartRisk, Ron Piccinini, PhD, RIA, Market Volatility

How do you know a portfolio is diversified?

By Ron Piccinini, PhD

This is inspired by a true story. 

There was this fellow named Edmund. Edmund's high-priced education had taught him the virtues of diversification. His job as a banker paid him a nice sum of cash every month, plus bonus; he had bought a house, and his retirement account was comprised of a diversified mix of domestic and international stocks. On his office wall was hanging this quote from the Merchant of Venice: "My ventures are not in one bottom trusted, nor to one

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Posted in SmartRisk, portfolio risk, Asset interaction, Expected Tail Loss, Diversification, portfolio volatility, asset interaction index

Advisor Perspectives Article

New tools to prove you acted as a fiduciary

Bob Veres recently conducted a review of SmartRisk Pro, one of the risk tools Covisum recently acquired through PrairieSmarts.

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Posted in Blog, Fiduciary Rule, Risk, SmartRisk, SmartRisk

ThinkAdvisor: black swans, Trump's victory, DOL rule: black swan expert explains

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Posted in Blog, Fiduciary Rule, In The News, Industry Advice, Risk, SmartRisk

How should you measure portfolio diversification?

Posted on July 05, 2016

Diversification is achieved when the gains in certain holdings of your portfolio offset the losses of other holdings. It means that you don’t have all (or most) of your eggs in the same basket. Diversification is critical because it reduces the impact of (bad) luck and isolated events on the overall performance of your portfolio. Check out how to quantify portfolio diversification: Are all your eggs in the same basket?

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Posted in Blog, Industry Advice, Risk, SmartRisk, White Paper

The world's best value markets - Investors Chronicle

Posted on June 24, 2016
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Posted in Blog, Risk, SmartRisk, SmartRisk