FP Solutions is financial planning software designed by CCH a Wolters Kluwer Business.
Reviewed as an elite financial planning tool, FP solutions is like having a tax, insurance, legal and financial planning specialist all sitting in your office or home providing every imaginable scenario possible. You might be asking yourself, why haven't i heard of this software???? simple answer, it runs nearly $1,250 a copy and needs to be updated every year or so- that's enough to keep this from becoming a house hold product.
When i dug a bit deeper i found some startling information- This software is so good that it is well worth the $1,250 price tag, but that may not be the opinion of my industry or even the groups of people you trust in managing these types of decisions ( anything financialy related). FP solutions is only used by 7-10% of CFP's in Canada. As CFP's have obviously gone through the education to deserve their designation, i was extremely shocked that they don't support this leading software, and the only reason i could think of was the money. $1,250 annually should be a no brain er as a business expense for anyone in the financial planning industry.
Products, solutions and strategies are constantly evolving in this industry and i find it hard to believe that all CFP's and anyone else claiming to provide these services doesn't have top notch software? Only having 3 1/2 years of experience i have identified that helping people with their money or insurance solutions is a serious issue and needs serious attention.
Next week the B comm solutions specialist are attending a CCH- FP solutions training seminar session 1 that will help advance our ability to service our clients in ways they have never seen or imagined. All of this is in an effort to establish ourselves as leaders in providing education to our clients and prospects from the most sophisticated business owners to simple house hold planning solutions. I encourage you to visit http://www.cch.ca/ to have a stronger understanding of what this software can provide when making any assumption about financial planning.
I will be sure to update you all with how this venture has effected our business.
Enjoy the short week!
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