Speed up your Data Entry

Helpful Tips on How to Decrease Data Entry Time

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Using the Mortgage Comparison Calculator in inStream

Calculators are one of the ways that you can provide analysis to your clients.  To get to the Calculators section, you must first select a client and then click on the Calculators tab.

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Importing Clients into inStream from a CSV File

inStream has created a CSV template file in order for our customers to easily upload clients into the system. To begin, go to the Client section of inStream and then click on Import. An import drop down menu will appear; please click CSV Client Import.

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inStream's Integrations with CRMs vs. Portfolio Management Systems

At inStream, we have a wide variety of integrations available for both CRM and PMS systems.  CRM stands for a Client Relationship Management system.  These are systems such as Microsoft Outlook, Google Apps, and Redtail.  inStream allows for your inStream account to integrate with these Client Relationship Management systems, allowing for you to pull all of the client information that you want to into inStream.  A PMS, on the other hand, is a Portfolio Management System.  These are systems such as Blueleaf, Orion, Schwab Portfolio Center, and Albridge.  With these portfolio management systems, you will largely pull information involving accounts into inStream, which can be used in many areas for your clients, especially planning.

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Using inStream's Document Management System

inStream has a built-in document management feature that allows you to save, upload, store, view and download documents and files that are relevant to your clients.  With this document management feature, you can keep a timeline of documents relating to your client.

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Customizing inStream's Financial Plan Report Output

inStream has fully customizable plan report outputs.  When looking at a client's plan, to get started on the report, open the report output by clicking View Output.

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Make your Financial Plans into Tracking Plans

Tracking plans are one of the keys to making inStream a proactive planning tool. They allow you to continuously monitor how your clients are doing relative to their goals. By rerunning all of your tracking plans, every night, we can let you know whenever a plan drifts outside of your comfort range, so that you can make the necessary adjustments.

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How to Talk to Clients about Monte Carlo Analysis

Talking to clients about a Monte Carlo analysis can be tough. Most clients, and frankly a lot of advisors, don’t really understand what the results actually mean. While it helps to understand the nitty-gritty aspects of the math, the basics are pretty easy to understand. Plus, if you find yourself talking to a client about the distribution curve you use to generate your returns, you’ve lost most clients.

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Why does inStream use Monte Carlo Analysis?

Monte Carlo analysis is a club, not a scalpel. It is an imprecise tool. That’s the good news. We don’t know what the future will hold, and we need an analytical method that recognizes that. The bad news is that it’s harder to talk about with clients. So how does Monte Carlo analysis help financial planning software account for uncertainty, and how do you talk about it with clients?

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When To Use a Safe Savings Rate Plan

Safe Savings Rate plans are great for clients that are saving to meet a future goal - especially if those savings to represent a good chunk of the money that will fund that goal. In other words, Safe Savings Rate plans are for folks who are in the accumulation phase, and not the decumulation phase of their lives.

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