Transcript:
Using the Goal Priority Analysis Insight in AdviserGo
This guide explains how to use and interpret the Goal Priority Analysis Insight in AdviserGo. This insight helps advisers and clients explore what happens when retirement goals are re-evaluated based on priority, particularly when a plan shows shortfalls.
What Is the Goal Priority Analysis Insight?
Insights in AdviserGo are conversation starters designed to help explore scenarios quickly with clients.
Key points about Insights:
- They sit outside the plan
- They do not change the underlying plan
- They allow you to explore “what if” scenarios in just a few clicks
- They are not advice, but tools to support informed discussions
The Goal Priority Analysis Insight specifically shows what happens when goals are removed or deprioritized based on their importance.
When This Insight Is Useful
In this example plan for Simon and Helen, the plan shows shortfalls—represented by red bars in the charts—indicating that not all retirement goals can be met as currently modeled.
The Goal Priority Analysis Insight helps clients:
- See which goals are achievable
- Understand which goals may need to be reduced or removed
- Have informed discussions about trade-offs, savings, and priorities
Understanding Goal Priorities
In AdviserGo, each goal can be assigned a priority level using the priority slider.
In this example:
Must-Have Goals
- Core retirement income needs
- Set at the top priority (Basic)
- These goals are funded first
Like-to-Have Goals
- Discretionary spending such as holidays
- Set at a mid-level priority (Leisure)
- Funded after essential goals
Nice-to-Have Goals
- Luxury or optional spending (for example, an additional holiday)
- Set at a lower priority (Luxury)
- Funded only if sufficient resources remain
Individual Goals
- Example: a house deposit for Lucy
- In this plan, also set as a Luxury priority
What the Insight Helps Clients Understand
The Goal Priority Analysis Insight allows clients to re-evaluate the plan by:
- Removing or deprioritizing lower-priority goals
- Seeing whether essential goals can still be achieved
- Understanding what may need to be sacrificed unless savings, investments, or contributions are increased earlier in life
This insight often pairs well with other tools such as:
- Annual Savings Insight
- Investment Returns Insight
- Lump Sum Savings Insight
Running the Goal Priority Analysis Insight
To run the insight:
- Click the Insights tab
- Review the brief descriptions shown for each insight
- Select Goal Priority Analysis
Once opened, the insight provides a more detailed description and interactive controls.
Selecting and Deselecting Goals
Within the insight:
- Use the sliders to deselect entire categories of goals, or
- Select or deselect individual goals directly
In this example:
- The Nice-to-Have goals are deselected
- The Like-to-Have goals are also deselected
- Only Must-Have, education, and key individual goals remain
After making selections, click Get Started.
Interpreting the Results
The resulting chart shows the outcome after removing selected goals.
In this example:
- With lower-priority goals removed, the remaining goals can be achieved
- The red shortfall bars are eliminated for the remaining goals
This helps clients clearly see which goals are driving affordability issues.
Exploring the Results Further
As with all AdviserGo charts, you can:
- Change the chart type
- Toggle Details on or off
- Open Year View to inspect results year by year
- Select Compare to Plan to compare the insight results with the original base plan
Use Simulation Chart to return to the single-chart view.
Editing Goals
If you select the pencil icon next to a goal:
- You will be taken directly to that goal
- You can edit values such as amount, timing, or priority
It’s recommended to make these edits in a What-If plan, allowing you to:
- Preserve the base plan
- Compare the original goals with revised assumptions
Inline Help and Additional Resources
Inline help is available throughout the insight:
- Click the dotted underline or help icon
- View brief explanations, links to Knowledge Base articles, and related videos
Summary
The Goal Priority Analysis Insight is a powerful tool for:
- Helping clients understand trade-offs
- Visualizing the impact of goal prioritization
- Supporting conversations about affordability, sacrifice, and planning adjustments
- Guiding discussions around savings and investment strategies