Transcript:

Updating a Voyant Plan to a New Planning Year (Update & Promote)

In today’s training, we’ll walk through how to update a Voyant plan to a new planning year using the Update and Promote feature.

You can update plans based on:

• A calendar year, or
• A tax year

In this example, we’ll update a plan using a calendar year.

Step 1: Open Update & Promote

1. Open the client’s plan
2. Click the plan name in the top-right corner
3. Select Manage Plans
4. Click Update and Promote

This allows you to roll the plan forward into a new planning year while preserving the previous version for compliance.

Step 2: Set the New Planning Year

1. Click Next
2. Enter a new plan name
   Example:
   Current Position 2025
3. Choose Set date manually
4. Enter the new plan start date
   Example: January 1, 2025 (calendar year)
5. Click Next
6. Select Promote

Step 3: Review and Update Plan Values

After promotion, Voyant will prompt you to review plan values.

1. Click Review
2. Check balances, income amounts, expenses, and other values
3. Make any required updates
4. Click Done to save and finalize the plan

This ensures the plan reflects accurate values for the new planning year.

Step 4: Confirm the New Plan Version

Once complete:

• You’ll see Current Position 2025 displayed in the top-right corner
• Select Show All Plans to view plan history

You’ll now see:

• Current Position 2025 as the active plan
• Current Position after Review 2024 moved to the Historical Plans section

Step 5: Understand Historical Plan Locking

The prior year plan:

• Is marked Read-Only
• Cannot be edited
• Is retained for compliance and audit purposes

You can still:

• Open it
• View Year View
• Reference previous assumptions, discussions, or recommendations

Step 6: Continue Planning in the New Year

When viewing the new plan:

• Year View will now start in 2025
• The plan is fully editable
• You can continue active planning, scenario modeling, and client reviews

Key Takeaways

• Update and Promote creates a clean rollover into a new planning year
• Prior plans remain locked for compliance
• You can use either calendar year or tax year
• Reviewing values is a critical step to ensure accuracy

Need Help?

If you have questions:

1. Click the client name
2. Select Request Support
3. Enter your question and share client access

You can also contact Voyant Support directly at:
support@planwithvoyant.com