What’s New?
Advisers can now automatically escalate values using a specified growth rate and time period. This is especially useful for estimated values influenced by inflation or other economic factors.
In the past, updating these figures was entirely manual. With this new feature, you can now apply a systematic adjustment directly on screen. For example, with a 3% inflation rate and an expense valued at $50,000, the tool will instantly update it to $51,500, no calculator needed.
This capability is part of step 2 of the update and promote process.
How It Works
The Adjust Item feature is opt-in; nothing will escalate unless you explicitly choose to adjust it.
Formula used:
escalated = current × (1 + escalation rate) ^ number of years
Key Features and Functionality
In Manage Plans → Update & Promote, advisers will now see Adjust Item options available for:
- Incomes
- Properties
- Expenses (including associated goal types)
1. Default Income Growth Rate
A default rate (e.g., inflation) will display above the table, based on your plan preferences. You can override this with a custom rate for one-time updates. Rates entered here are not saved back to the plan.
Supports a range of inputs, including 0%, negative growth, and atypical values.
2. Number of Years Input
The system defaults to 1 year but adjusts dynamically if the plan is advanced more than one year. The tooltip will show the promoted number of years (rounded down, minimum of 1).
3. Individual Item Adjustment
Each item includes its own Adjust Item button. Hover to see:
- Adjustment duration (in years)
- Applied growth rate
- Projected new value
When clicked:
- The value updates immediately with the escalated amount
- The input field becomes disabled to lock in the change
4. Undo Adjustments and Manual Edits
- Adjusted items show an Undo button
- Clicking Undo reverts to the previous value and re-enables editing
- Manual changes also trigger the Undo button, giving you full control
As a visual cue, adjusted fields appear slightly greyed out until edited.
5. Adjust All Button
Use Adjust All for a one-click escalation across all listed items. It will use either:
- The general growth rate is above the table, or
- Individual item-specific rates if previously customized (indicated by a warning badge)
Once all items are adjusted, the Adjust All button will disable automatically.
Dynamic Updates
If you’ve already used Adjust Item but then changed the growth rate above the table, all adjusted values will update in real time—no need to reapply them.
Note: This only applies to values adjusted using the buttons, not those manually edited.
Category-Specific Considerations
Itemized Basic Expenses:
Each line item within an expense will escalate individually, not just the total.
Property Goals (Sell & Rightsizing):
For goals added in ClientGo, adjusting the goal value will also update the underlying property value.
For rightsizing, the escalation applies to the new property being purchased, not the one being sold.
Enhanced Summary Step
At the final step of the Update & Promote flow, you’ll now see an additional column comparing Previous Value and New Value. Any changed values will have the previous amount struck through for clear visual reference.
Why It Matters
This enhancement is designed to save time, reduce manual data entry, and improve planning precision. With just a few clicks, advisers can ensure their client plans reflect up-to-date economic assumptions, freeing up more time for meaningful client conversations and strategic advice.