METHODS AND SYSTEMS FOR IDENTIFYING FINANCIAL NEEDS AND PROVIDING CUSTOMIZABLE FINANCIAL ADVICE

摘要

The system and method of the centralized integrated software for assisting agents in providing financial advice and product recommendations to clients based on financial needs is disclosed. The centralized software includes integrated applications for identifying various financial needs, priorities, and urgencies, and calculating survivor and retirement needs and various metrics based on rankings of various factors presented by the user. The centralized software includes an interactive interface for use for data gathering of client information. A module is identified for further input of user information based on the financial needs, priorities, and urgencies of the user.

主权项

1. A computer implemented method for providing a centralized software for financial planning, the method comprising:
displaying a plurality of data entry fields capable of receiving, within the centralized software, by a computer, client identification information comprising the identification of the client and family composition for the client; receiving, by the centralized software, a set of inputs regarding financial priorities and urgencies for a client; presenting, by the centralized software, a presentation layer, wherein the presentation layer includes presentations within the centralized software for illustrating concepts for a module; wherein the centralized software determines the module that corresponds with the client's financial priorities and urgencies, wherein the module is further configured to:
receive data from data entry for financial goals for that module;determine an amount needed by the client for reaching the financial goals for that module;identify a shortfall between the amount needed by the client and the likely amount the client may reach based on current estimates; andprovide a recommendation for managing the shortfall.