This video gives a brief overview of how you might present Voyant in a client meeting.
Transcript
Today’s webinar is going to cover the basics of presenting a plan in Voyant. We’ll cover basic data review, the timeline, goals, events, the Let's See screen, and presenting proposals, such as what-if scenarios.
This webinar is being recorded, and you will receive a recording usually within 24 hours. We are not opening today’s webinar for live questions, but if you have any follow-up questions, please email me at support@playwithvoyant.com.
When preparing for a client presentation, I suggest a couple of things. First, the software has many hyperlinks throughout the plan. These are helpful during planning but can be distracting if accidentally clicked during a client presentation. I recommend turning off inline help. The dashboard chart can also be distracting during the initial data review, so I suggest turning that off as well.
To do this, navigate to the silhouette icon in the top right corner, go to User Preferences, select “Show Dashboard Chart” and choose No, then select “Inline Help” and choose No. These settings are temporary and can be turned back on afterward.
During your client meeting, you can choose which charts to display. Options include Assets versus Debts, Assets by Type (Qualified, Non-Liquid, Taxable), or Asset Allocation. You can select a pie chart or bar chart. I generally leave it on Assets versus Debts.
For data review, you can either expand everything and review item by item or keep them closed and review individually. Go through employment income, savings, and investments to ensure balances and contribution amounts are correct, and click Done to save. You can also click Overview to show asset allocation for the grouping and make adjustments if needed.
After reviewing data, move to the Timeline. This section allows deeper conversations with clients about life goals. You can review the plan as a family or focus on individual members. For example, you could discuss John’s goal to buy a boat at age 62 with a budget of $75,000, adjusting timing or amounts as needed. You can add new goals using the plus button in the bottom right corner. Then, you could review Jane’s kitchen remodel at age 52 and Oliver’s education planning, as well as retirement goals.
Once those conversations are done, move to the Let's See screen to discuss cash flow. For clients unfamiliar with cash flow planning, this is an opportunity to explain estimated expenses, including living costs, taxes, education, travel, and lifestyle adjustments. You can show surplus income during accumulation years and discuss strategies for capturing it productively. You can add estimated Social Security, planned retirement income, and University Savings Accounts to illustrate remaining needs or shortfalls, such as funds running out around age 87.
You can use different charts to show asset positions, liquid versus illiquid assets, and identify when money may run out. The Zoom function allows you to focus on specific portions of the plan in detail. The Taxes chart can show cumulative expected taxes over the lifetime of the plan.
For clients with young children, the Legacy screen is helpful to review estate planning. You can show total wealth transfer after tax, expected assets, estate tax exemption, planned legacy, and scenarios such as if someone dies today or both parents die today.
The Insights section provides problem-solving and stress-testing tools. For example, you can calculate required rates of return to prevent future shortfalls, determine annual savings needed during accumulation years, or explore Roth conversions to improve liquidity. You can run multiple insights to explore different combinations of solutions based on client needs.
I also created a what-if plan called “Save More” to demonstrate the impact of additional annual savings. By adding the recommended $5,838 to the brokerage account, you can use Compare Plans in Chart View to show clients how saving more improves their financial position, provides extra liquidity, and increases the legacy for heirs. This comparison is clear and easy for clients to understand.
Finally, reports can be generated to send to clients. You can select report types, including annual savings, cash flow, and assets, and configure timelines, such as the first five years or specific intervals. Notes can also be added to reports to document recommendations or changes.
I hope this was helpful. If you have questions or would like us to review a plan, click the client’s name in the top right, select Request Support, enter your question, and share client access. We can also schedule a one-on-one session to help you prepare for client presentations.
Additional videos you might find useful. High Net Worth Clients Webinar