Lumen Systems

Overview Features Components

Components:

Client Questionnaire
Preview
Financial Plan Executive Summary
Checklist
Financial Plan Cover Letter
Personal Financial Plan
Areas of Analysis

Client Questionnaire
Use the Questionnaire to collect all the financial data needed to generate a highly personalized, comprehensive financial plan. With its clear design, the Client Questionnaire is easy to use and ideal for fostering a solid and trusting planner-client relationship.

Preview
The two elements of the Preview -- the Preview Letter and the Calculations Summary -- are your opportunity to ensure that the client data provided to NorthStar is complete and accurate. The NorthStar software automatically scans the questionnaire data for anomalies and omissions, which are described in the Preview Letter. The Calculations Summary gives a snapshot view of the assumptions, calculations, and initial findings for each area of analysis.

Financial Plan Executive Summary
Along with the detailed Financial Plan, NorthStar also equips the you with a clear presentation tool -- the Financial Plan Executive Summary. These unbound pages provide a client-friendly overview of each area of analysis and related recommendations. The colorful graphs and bulleted points clearly demonstrate the "big picture" and can serve as a starting point for further discussion and client action.

Checklist
The NorthStar Checklist is a call to action, identifying the tasks for which both the client and the planner are responsible. The Checklist even helps strengthen the planner-client relationship by supporting follow-up discussions. Also, of critical importance, the Checklist is a compliance tool that documents a client's decision to act--or not to act--on the recommendations. Thus, both the client and the planner stay committed to a course of action.

Financial Plan Cover Letter
Full attention to every aspect of the financial planning service is what NorthStar is all about. We even take care of creating a cover letter for the client's financial plan.

Personal Financial Plan
The NorthStar program generates the highest quality financial plan available. Unlike our competitors' software, NorthStar software is integrated and context-sensitive -- this means that clients receive a plan highly tailored to their resources and goals, and the recommendations take into account all the analysis areas examined. This detailed and visually appealing financial plan demonstrates the logic and thoroughness behind the recommendations. It is appropriate for clients with modest incomes to millionaires.

Areas of Analysis

Net Worth
Cash Flow - Income and Expenditures
Income Taxes
Investment Risk Tolerance and Asset Allocation
Debt Management
Risk Management: Life, Disability, and Long-Term Care Insurance
Education Financing
Financial Goals Roadmap
Retirement Planning
Estate Planning