Products January 28, 2009

Web-Based Tool Helps Advisers Perform Roth Conversion Analyses

Convergent Retirement Plan Solutions, LLC, and Archimedes Systems, Inc., released the Roth IRA Conversion Optimizer for financial advisers.
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The product is the first release on a new Roth analytics platform, according to a press release. Convergent, based in Brainerd, Minnesota, and Archimedes Systems, based in Waltham, Massachusetts, said the joint development of the platform is “to support the anticipated upsurge in Roth activity projected to occur throughout 2009 and 2010.”

The Roth IRA Conversion Optimizer is set for release in the first quarter. A release of a consumer-oriented version is scheduled for the second quarter of 2009, the companies said.

“Advisers who are positioned to perform sound Roth IRA conversion analyses will have a distinct advantage in the marketplace,” said Ben Norquist, president of Convergent.

The release said the tool will assist the adviser and the consumer in determining the optimal conversion amount, based on each investor’s unique income needs and financial legacy objectives.

Both the adviser and consumer versions of the Roth IRA Conversion Optimizer will be available in a branded, turnkey format, as well as in a fully customized format. In addition to those decision-support Web tools, Convergent will also offer a suite of Roth-focused business development tools, including adviser and consumer workshops, slide calculators, and educational content, the companies said.

Products January 28, 2009

Geneos Wealth Management Enhances CRM System

Geneos Wealth Management announced the latest improvement to its technology platform, Artesian CRM 3.0.
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The Denver-based broker/dealer said the new Web-based customer relationship management (CRM) system automates many of a financial adviser’s normal office functions. Artesian CRM 3.0 synchronizes client data with Geneos’ back-office systems, and has the ability to export data to other applications, such as LaserApp or Microsoft Office, as well as importing data from any text file. The Geneos CRM also has the ability to produce reports off of the Albridge replicated database, according to a press release.

Geneos said the system is part of a full suite of Web-based applications designed to minimize an adviser’s infrastructure investment. In October, the firm rolled out Nexus 2.0, an open-architecture technology platform that automates many of the tasks associated with an independent financial adviser’s business, including account opening, compliance, and reporting (see “Geneos Updates Technology Platform for Advisers“).

Geneos provides financial and estate-planning services through “a select network of registered representatives,’ the company said.

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More information is available at www.geneoswealth.com.

 

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