Once subscribed, the typical advice report workflow will be as follows:
1. Personalise your settings
Navigate to the Settings link in the navigation.
Customise or create a new personalised cover letter for different client segments.
Connect XPM to access and import client groups.
Edit and customise service items and default fees for each individual strategy you might recommend. This will be added to the advice report to provide clients with a fee estimate to implement the recommendations.
2. Create or complete a client group
If XPM is connected, download the entities and relationships of an XPM client group.
Add new individuals and entities to the client group as required.
Complete the individual and entity profiles by adding all assets and liabilities to be included in the advice report.
3. Prepare a new Protect Client Advice Report using the report builder:
For this new Client Group, select to start a new advice report.
Review and amend, or add your client's specific objectives.
Select the pre-defined recommended Asset Protection or Estate Planning strategies for each entity or individual.
Where required, you will be prompted to nominate the Leading Member, Beneficiaries, Succession, or Parties involved for a selected strategy.
Edit or confirm the service items and associated fees for the implementation of each of the strategies recommended.
4. Present advice report to client
Use the Client View to review and discuss details with the client using the presentation mode.
Adjust the recommendations if required until finalised.
Finalise recommendations and send the advice report to the client.
Download the final Word Doc report to send to the client, which includes an Authority to Proceed for the client to sign.
Arrange a follow-up meeting to answer any questions.
On client acceptance, implement strategies with assistance from your chosen legal document provider or lawyer.