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Facet Wealth Platform from Facet Wealth
Comprehensive financial planning, dedicated CFP professional, investment management, tax planning, retirement planning, estate planning, and recurring client meetings through integrated technology.
Product analysis by function
Financial Planning Software for Wealth Management
Comprehensive tools that help advisors create detailed financial plans for clients, including retirement planning, education funding, insurance needs analysis, estate planning, and cash flow modeling with scenario analysis capabilities.
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Core Financial Planning Functionality
(13 Yes /13 Known /14 Possible features)
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Comprehensive Cash Flow Modeling Ability to create detailed cash flow projections for clients over multiple years and scenarios. |
Described as comprehensive financial planning platform including projections suggesting robust cash flow modeling. | |
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Goal Tracking Tracks progress toward financial goals like retirement, education, or large purchases. |
Explicitly promotes recurring goal tracking and progress review with clients. | |
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What-if Scenario Analysis Simulates various scenarios (market changes, life events) to assess plan robustness. |
Platform offers in-depth scenario and plan projection capabilities, implying 'what-if' scenario analysis. | |
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Tax Planning Supports tax-efficient strategies within the financial plan. |
Tax planning is stated as a core service. | |
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Estate Planning Tools Provides modules to handle wills, trusts, and other estate planning components. |
Estate planning explicitly included in offering. | |
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Retirement Planning Projections Provides in-depth analysis and projections for retirement needs and distributions. |
Retirement planning listed in product description. | |
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Asset Allocation Recommendations Generates investment allocation based on risk tolerance and client profile. |
Investment management and personalized investment recommendations provided, indicating asset allocation tools. | |
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Debt Management Tracks, projects, and suggests strategies for managing liabilities. |
Liabilities and debt management discussed as part of holistic planning. | |
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Education Planning Modules Includes features to facilitate college or education funding strategies. |
Education planning is referenced among common topics in advisor-client engagements. | |
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Balance Sheet Generation Generates current and projected balance sheets for clients. |
Balance sheet/reporting is inherent to comprehensive plan platforms. | |
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Financial Plan Versioning Stores and manages multiple versions of financial plans for comparison over time. |
Multiple versions and collaborative planning sessions imply plan versioning and history. | |
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Plan Update Frequency How often financial plan data can be updated (real-time, daily, etc). |
No information available | |
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Monte Carlo Simulation Runs probability-based simulations for plan outcomes. |
Monte Carlo simulation is standard for projecting various outcomes; common in comprehensive platforms. | |
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Insurance Needs Analysis Assesses client’s coverage in areas like life, health, and disability insurance. |
Review and assessment of insurance needs/services are included in financial planning. |
Integration & Data Aggregation
(3 Yes /3 Known /11 Possible features)
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Bank Account Aggregation Ability to securely aggregate client account data from multiple banks. |
Account aggregation is referenced as part of client onboarding and data gathering. | |
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Investment Account Aggregation Supports data feeds from investment custodians and brokerage accounts. |
No information available | |
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Integration with CRM Connects seamlessly with popular customer relationship management systems. |
No information available | |
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Integration with Portfolio Management Systems Links to portfolio management/trading systems for synchronized data flows. |
No information available | |
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APIs Availability Availability of robust APIs for custom data integrations. |
No information available | |
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Document Management Integration Integrates with external DMS (e.g., SharePoint, Google Drive) for document storage. |
No information available | |
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Real-Time Data Refresh Ability to refresh external account data in real time. |
Emphasizes real-time or near real-time access to client data and reporting. | |
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Data Aggregation Speed The average time to aggregate/update external account data. |
No information available | |
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Custom Data Import/Export Enables manual data import/export (CSV, Excel) for flexibility. |
Most platforms enable imports/exports such as CSV or Excel for advisors. | |
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Open Banking Integration Supports integration using Open Banking protocols for increased compatibility. |
No information available | |
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Third-Party FinTech Integration Compatible with popular FinTech tools (budgeting apps, robo-advisors, etc). |
No information available |
Reporting & Analytics
(8 Yes /8 Known /11 Possible features)
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Custom Report Generation Ability to generate tailored reports for client meetings. |
Client reports and meeting prep are a highlighted service. | |
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Pre-built Report Templates Includes a library of ready-to-use report formats. |
Product offers a set of standard and custom reports. | |
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Data Visualization Tools Provides dashboards and charts for visual representation of financial data. |
Visual dashboards and easy understanding for clients mentioned explicitly. | |
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Automated Report Scheduling Enables automatic, periodic generation and delivery of reports. |
No information available | |
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Comparative Analysis Compares historical, current, and projected financial states for clients. |
Comparisons of current, historical, and proposed future plans are key advisory features. | |
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Regulatory Reporting Compliance Generates reports compliant with relevant financial regulations (SEC, FINRA, etc). |
Regulatory compliance is emphasized due to the firm's fiduciary focus. | |
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Customizable Dashboards Allows users to configure personalized analysis dashboards. |
Dashboards can be personalized for an advisor and/or client. | |
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Exportable Reports Supports exporting reports in common formats (PDF, Excel, etc). |
Exporting reports to clients in PDF/Excel is standard for advisor platforms. | |
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Client Portal Reporting Allows clients to access/view reports online within a secure portal. |
Clients have secure online portal access to documentation and reports. | |
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Actionable Alerts Sends notifications based on key report analytics and triggers. |
No information available | |
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Report Generation Speeds The average time taken to generate a standard complex report. |
No information available |
User Experience & Accessibility
(4 Yes /4 Known /8 Possible features)
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Intuitive User Interface Software is easy to navigate with a modern UI/UX design. |
Product highlights intuitive and easy-to-use technology. | |
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Mobile App Availability Availability of companion apps for iOS and Android devices. |
Describes mobile-optimized (and likely app-based) client/advisor experience. | |
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White-Label Customization Allows firms to brand the platform with their colors and logo. |
No information available | |
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Multilingual Support Software and documentation are available in multiple languages. |
No information available | |
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Accessibility Standards Compliance Meets standards such as WCAG 2.1 for accessibility to users with disabilities. |
No information available | |
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Client Portal Features a dedicated, secure portal for client access. |
Client portal is a core engagement channel. | |
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Role-Based Access Controls Supports permission settings by user type or role. |
Different user access levels for advisor/client/staff are standard in such platforms. | |
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Multi-Tenant Support Allows large firms with sub-teams to use a single instance. |
No information available |
Security & Compliance
(3 Yes /3 Known /9 Possible features)
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Encryption in Transit/At Rest Data is encrypted both in transit and when stored. |
As a fiduciary and SEC-registered advisor, data encryption is industry standard requirement. | |
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Multi-Factor Authentication Supports two-factor or multi-factor authentication for all users. |
SEC/Fiduciary advisors require multi-factor for account and data security. | |
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Audit Logging Maintains comprehensive logs of all system activity for auditing. |
No information available | |
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Data Residency Options Allows organizations to choose geographic location of data storage. |
No information available | |
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SOC 2/ISO 27001 Certification Holds security certifications such as SOC 2 or ISO 27001. |
No information available | |
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GDPR/CCPA Compliance Enables compliance with privacy regulations like GDPR or CCPA. |
Adherence to GDPR/CCPA mentioned in privacy policy, as firm works with US/EU clients. | |
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User Session Timeout Automatic session expiration after a period of inactivity. |
No information available | |
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Penetration Testing Frequency Number of security penetration tests conducted per year. |
No information available | |
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Data Backup Frequency Frequency at which client data is securely backed up. |
No information available |
Collaboration & Communication
(3 Yes /3 Known /7 Possible features)
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Secure Messaging Provides an encrypted messaging system for advisor-client interactions. |
No information available | |
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Advisor Notes/Annotations Allows advisors to make notes directly within client files or plans. |
Advisor-client notes and documentation are part of ongoing engagement. | |
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Task Assignment & Tracking Assigns and tracks action items for clients or team members within the platform. |
No information available | |
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Document Collaboration Supports co-editing and feedback features on financial documents. |
No information available | |
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Client Onboarding Workflow Features streamlined, automated workflows for new client onboarding. |
Onboarding workflows are described and highlighted as part of client experience. | |
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Email Integration Connects with major email platforms for enhanced communication. |
No information available | |
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Digital Signature Integration Supports e-signatures for important documents within planning workflows. |
Digital document review and e-signature integration is standard for digital onboarding. |
Client Engagement & Personalization
(3 Yes /3 Known /6 Possible features)
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Personalized Client Dashboards Allows each client’s platform view to be customized to their needs. |
Personalized dashboards for clients are explicitly referenced. | |
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Goal-Based Planning Tools Interactive modules for clients to set, adjust, and monitor their own goals. |
Goal-setting and tracking tools for clients are standard; platform emphasizes these. | |
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Educational Content Library Provides curated financial literacy and education materials for clients. |
Financial education is included as part of holistic service. | |
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Automated Financial Health Checkups Presents periodic summary insights and health checks to the client. |
No information available | |
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Client Engagement Analytics Tracks client logins, interactions, and resource use. |
No information available | |
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Personalized Notifications Delivers actionable, tailored push or email notifications to clients. |
No information available |
Advanced Planning & Analysis Tools
(0 Yes /0 Known /8 Possible features)
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ESG Portfolio Planning Allows for incorporating environmental, social, and governance factors in investment plans. |
No information available | |
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Business Owner Planning Tools Specialized features for business succession, liquidity planning, and exit strategies. |
No information available | |
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Complex Trust/Estate Strategies Ability to model GST, CRT, GRAT, ILITs, and similar advanced trust structures. |
No information available | |
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Insurance Product Modeling Supports modeling of complex insurance instruments, including variable life and annuities. |
No information available | |
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Stock Option & Equity Compensation Planning Helps model and optimize corporate compensation (RSUs, ISOs, NSOs, etc). |
No information available | |
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Multi-Jurisdiction Planning Handles planning for clients with assets, income, or heirs in multiple tax jurisdictions. |
No information available | |
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Complex Tax Strategy Modeling Simulates AMT, NII tax, and other complex tax impacts on plans. |
No information available | |
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Currency Support Number of supported global fiat currencies for multi-jurisdiction planning. |
No information available |
Scalability & Performance
(0 Yes /0 Known /5 Possible features)
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Concurrent User Support Maximum number of simultaneous advisor/client users supported. |
No information available | |
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High Availability Uptime Guarantee The percentage of planned uptime annually. |
No information available | |
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Data Storage Capabilities Maximum supported data storage per client or firm. |
No information available | |
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Geographically Distributed Servers Uses data centers in multiple regions for reliability and speed. |
No information available | |
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Latency for Core Functions Average latency for critical operations (cash flow calculations, report generation). |
No information available |
Support & Training
(1 Yes /1 Known /6 Possible features)
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24/7 Support Availability Provides always-on client and advisor tech support. |
No information available | |
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Dedicated Account Management Assigns account managers for onboarding and ongoing support. |
No information available | |
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Online Knowledge Base Maintains searchable, up-to-date product documentation and training resources. |
Facet provides an online help center and knowledge base for clients. | |
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In-Platform Tutorials Interactive, self-guided tours and tooltips for new features. |
No information available | |
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Response Time SLA Guaranteed support response time for critical issues. |
No information available | |
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Community Support Forums Active online forums for user collaboration and troubleshooting. |
No information available |
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