Voyant for Elevate is a custom release of Voyant Adviser, which has been modified to meet certain business and operational requirements for the Elevate wrap platform. From a functional standpoint, Voyant for Elevate is practically identical to our standard release; however, there are differences in how this special release is packaged and restrictions on how it can be modified that bear noting.
Perhaps the most fundamental difference between Voyant for Elevate and our standard release is that one must have an active account on the Elevate platform to be eligible to use Voyant for Elevate.
Access to Voyant for Elevate can only be granted to active Elevate user account holders. When logging into Voyant for Elevate, the user's credentials (their user name and password) are passed to the Elevate platform for authentication. If there is any issue with the user's Elevate platform account, such as an expired Elevate password or an inactive or disabled Elevate account, an "unhandled login exception" error will display and the access to Voyant for Elevate will be denied until the issue is resolved. Read more>>
Access to our standard release of Voyant Adviser, on the other hand, requires only an active Voyant subscription.
Access to AdviserGo
Advisers and paraplanners with standard Voyant licenses are also granted access to AdviserGo (pictured below).
AdviserGo is a planning tool created to complement Voyant Adviser. Designed to work on all modern devices and browsers, AdviserGo is an intuitive, touch-friendly application that uses many of Voyant Adviser’s market-leading features along with a collection of exciting new interactions. AdviserGo is easy to use, which means that it is an excellent tool for fact-finding, building lighter financial plans, and client presentations. Read more >>
Voyant for Elevate accounts are provided access to the Retirement Life Planner (RLP) toolkit instead of AdviserGo. The RLP toolkit, pictured below, is a web-based, custom Voyant experience designed to meet Elevate platform requirements including branding, usability and compliance.
Elevate Retirement Life Planner (RLP) toolkit
Market assumptions and simulations
Most of the functional differences between Voyant Adviser and Voyant for Elevate relate to Elevate’s use of the eValue market assumptions, which are formatted differently than assumptions in our standard release. The eValue assumptions specify central, high, and low returns.
eValue market assumptions (viewed in Voyant Adviser > Preferences) and a sample asset allocation and returns derived from these assumptions.
Market assumptions in our standard release specify the average 50th percentile mean returns as well as upside and downside returns, each being two standard deviations from the 50th percentile mean.
Default standard Voyant Adviser market assumptions (viewed in Voyant Adviser > Preferences) and a sample asset allocation and returns derived from these assumptions.
Any deviation from Elevate's eValue market assumptions will result in certain stochastic modelling features -- the Monte Carlo simulation and risk-based portfolio selection tool (both shown below) -- being switched off automatically in the software. This restriction is by design, as part of the Elevate platform's requirements.
The Monte Carlo simulation.
Voyant for Elevate's risk-based model portfolio (asset allocation) selection tool.
The standard release of Voyant Adviser arrives packaged with default market assumptions, which firms can easily edit or replace with their own preferred market data sets without disabling any of the software's features.
Alternative sets of market assumptions could also be added to Voyant for Elevate, provided that they are formatted using central, high, and low returns. However, replacing or making any edits to the eValue assumptions will result in the Monte Carlo simulation and risk-based portfolio selection tool being switched off.
The Historic simulation is also excluded from Voyant for Elevate.
The Historic simulation, not included in Voyant for Elevate.
If your firm does not intend to use these simulations or an alternative set of market assumptions then these restrictions probably will not affect your use of Voyant for Elevate.
Another minor difference between versions is the dialogue showing incremental adjustments in the Performance slider simulation (pictured below) was removed by request from the Voyant for Elevate release.
Increments on the Performance slider, a simulation tool, are not displayed Voyant for Elevate, per Elevate requirements.
FinaMetrica risk profiling
The integrated FinaMetrica risk profiling tool (pictured below) is available as a bolt-on service in both our standard release and Voyant for Elevate. There is no additional charge for the risk profiling bolt-on and once activated, firms may use this service provided they have an active Voyant subscription and an active or trial account with FinaMetrica.
Voyant's integration of the FinaMetrica risk profiling service.
It should be noted, however, that the eValue assumptions do not include asset-based risk weightings. Without these risk weightings, the software cannot derive risk scores for individual portfolios (asset allocations) and for the overall asset mix in a plan, which is a key feature of risk profile integration.
Editable asset-based risk weightings are used to derive risk scores for portfolios and the asset mix in a plan on the whole. The eValue assumptions used in Voyant for Elevate do not include these weightings.
A portfolio risk to client risk tolerance comparison, shown in the standard release of Voyant Adviser.
Selecting a risk appropriate portfolio in the standard release of Voyant Adviser.
The overall asset mix in a plan compared to the clients' risk comfort zones, as shown on the Asset Allocation Overview in the standard release of Voyant Adviser.
Rebranding (White Labelling)
Rebranding/white labelling is an optional service that allows firms to implement their own brand standards in Voyant Adviser, including a company logo and preferred colour schemes. Firms that choose to subscribe to the rebranding service effectively have their own semi-bespoke version of the software maintained by Voyant staff and hosted on our servers. Read more >>
In addition to rebranding the appearance of the software, a rebrand of Voyant Adviser might also include a firm's preferred set of market assumptions and default preferences, including model portfolios.
Voyant for Elevate can also be rebranded. However, if the rebrand is to include an alternative set of market assumptions, replacing the eValue market assumptions will result in certain stochastic modelling features -- the Monte Carlo simulation and risk-based portfolio selection tool -- being automatically switched off in the software.