2007 Year-End Tax Planning Memo & Cover Letter
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Why this is so important:
- When your clients, and even your prospects, have questions about the changes in their own particular situation who will they call?
- To communicate more with all your clients and prospects you must employ a variety of materials. You may already be sending newsletters, birthday cards, account statements, and more. But experts tell us that you need more than 15 “touches” per year to have any hope of maintaining “Top of Mind Awareness.” (TOMA)
- You could research, write and fact check an article like this yourself - but wouldn’t your time be more effectively spent face-to-face with your contacts?
The memo is succinct and designed to illuminate issues but not provide all the answers. That is left for you to do!
This will briefly touch all of the following areas that are of concern to individuals, families and business owners: - Alternative Minimum Tax
- Capital Gains and Losses
- Charitable Donations
- Section 179 Election
- IRAs and Tax-Qualified Plans
- Manufacturing Deduction
- How to Take Action Now
The text may illuminate issues of concern or changes that have gone unnoticed or unappreciated by your clients.
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Communication is critical:
- The most often cited reason that clients change financial advisors is lack of communication.
- To communicate more you must have a variety of informative and interesting material. The 2007 Mid-Year Planning Memo are just that – professional, valuable and interesting.
What you get:
- You may review, edit and personalize these documents as you wish, then print them for delivery to your most important contacts.
- Take advantage of this offer quickly to be perceived as timely and sharp
Return the Order Form below as soon as possible. Reaffirm your status as the professional financial advisor of choice. Maintain “TOMA” with your most valuable clients.
E-mail or fax to us today! You will be among the first to receive the 2007 Year End Planning Memo.
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Click here to download the order form and get started using the Year End Planning Memo today. |
Ed Morrow is a personal financial planner and a consultant to financial advisors in the areas of practice management and computerization. He is the author of six software programs, including the financial Practice Builder Financial formerly “Text Library System.” You may contact Ed Morrow at the Financial Planning Building, P. O. Box 0430, Middletown, OH 45042, phone 800. 666.1656 or info@FinancialSoftware.com
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Practice Builder Update Version 07.11.05 |
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Current users of Practice Builder can immediately download the latest version, 07.11.05, and incorporate the latest enhancements and improvements.
Update features:
- Year End 2007 Tax Planning memo
As mentioned above, this update includes (at no extra charge) the widely used and valuable Year End Tax Planning Memo - this year one for individuals and another for business owners.
- Updated Keycode Filtering
Keycode filtering is now available to filter by A, B, C Clients or A, B Prospects and all custom keycodes.
Download and update to the latest version of Practice Builder.
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Warning - Updates to Office and Vista
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Microsoft has been developing new releases to both its operating system (Windows) and operational tools (Office Suite) and a great many special offers are floating around the Internet. We strongly urge you to delay any update until later.
Many programs currently will not work with Vista or have major incompatibility problems. These programs will require revision by their vendors, which may require payment from you for the updates, since a lot of work may be required. In the past, Microsoft upgrades have consisted of a series of patches, each fixing some problems, and often creating others. Thus developers will not guarantee that their upgrade will be compatible with future Microsoft patches.
Some of these programs may be "mission-critical" to your operation. If so, do not upgrade to Vista until you have verified with the software developer that their program is Vista-compatible.
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Anti-Spyware and Anti-Virus programs
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Back-up and Restore security programs
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Bluetooth connectivity
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CD/DVD authoring and duplication software
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Compression and Un-compression
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CRM - Client Relationship Management
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Disk Defragmentation
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Developer Tools
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E-Mail Servers
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Encryption programs
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Estate Planning
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Financial Planning
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Firewalls and IDS programs
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GamesGraphics Design and Editing
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Insurance Illustration and Management
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Retirement Plan Illustration and Management
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Portfolio Management
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Printer Drivers
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Video Editing
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Voice Recognition (such as Dragon/Nuance)
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Web Servers
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Word Processing - Especially the Use of Templates
Some programs will NEVER work on Vista. 16 bit MS-DOS programs cannot work under Vista in full screen mode. This applies to many older programs and games. If you are using some old, reliable programs, you may have to discontinue all use - so whenever you do decide to upgrade, always keep one non-Vista computer with all these programs installed and tested.
Office 2007 Incompatibilities. The attached article also discusses the upgrades of Office 2007. In addition to the revised interface and user tools, many of the more sophisticated techniques, such as the use of templates to insert a client's information into a new letter or proposal and links between spreadsheets, will not work properly in Office 2007. The developers will have to make changes and this will take time, especially since Microsoft is releasing a series of additional revisions (patches) to all these programs.
For additional information, you may review these websites:
http://www.iexbeta.com/wiki/index.php/Windows_Vista_RTM_Software_Compatibility_List
http://www.symantec.com/home_homeoffice/themes/vista/faq.jsp
http://tech.msn.com/microsoft/article.aspx?cp-documentid=1391629>1=8902
Please read Ed Morrow's article Don't Do It Yet! that appears in the January issue of the IARFC Register magazine.
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On-site Training for Practice and Plan Builder
A Builder Suite trainer can be sent to your location to conduct a group training session for your staff associates. The advantage of this type of training is that all associates can be trained at one time and can benefit from the collaboration and one-on-one interaction that naturally occurs in this type of environment. Because the training takes place in a training room or computer lab, the staff members are free from their daily distractions (e.g., phone calls, e-mails, etc.) and can completely focus on the materials presented. For more information and pricing, contact Charlotte Isbell for details.
Call today: 800.666.1656 ext. 13 |
5 Reasons to Switch to an Industry-Specific Contact Manger
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By Nicole O. Coulter
Horsesmouth Senior Editor
Nov. 3, 2006
Still using Outlook, ACT, or GoldMine? More FAs are discovering that generic contact management programs lack the impact
of software designed especially for the financial services industry.
Back in the mid-'90s, wealth advisor Greg Friedman became frustrated with the off-the-shelf programs
available for contact management. While these programs could track prospecting activities and store client
information, they were designed for sales professionals, not those working in financial services.
"None of the programs I tried worked for the broader vision of my business," the Novato, Calif.-based
advisor explains, adding that he was looking for a way to systematize all of his business activities along the
lines of Michael Gerber's classic book, E-Myth Revisited. "Act and GoldMine are great for systematizing your
prospecting," says Friedman. "But I was also looking to provide a consistent, high level of service to my
clients and follow a more sophisticated wealth management model."
Getting specific read more...
Copyright © 2006 Horsesmouth, LLC. All Rights Reserved. |
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Product Promotions
Order now and receive Free Training! |
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The Builder Suite includes Free Training with your purchase.
With your purchase of either Practice Builder or Client Builder or Plan Builder, we will include your 3 day registration for the Builder Suite Workshop ($895 value). You can attend the additional days of training to learn more about the Builder Suite programs or just attend the day on the software of your choice. |
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Choose from one or all of the sessions:
- Practice Builder - Interact with your peers asking questions of the support specialist instructor and use the opportunity to network with other users to find out how they use Practice Builder. During Day One - we will involve you fully in the techniques and practices of full utilization of Practice Builder. You and your staff will operate the system on your own training computer.
This class is held on Wednesday from 8:00 am to 5:00 pm.
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- Client Builder and Practice Strategies - Strategic planning for your practice may be the most important goal for the principal advisor. Day Two focuses on some of the aspects of this strategic planning. You will explore how to engage prospects while improving your image and setting the table for a successful, long term relationship. Use Client Builder to present effectively and clearly define the scope, and the complexity, of your services. Devise a strategy for Client Relationship Management that works for your practice. Study ways that financial planning software can be most beneficial. Learn how select technologies can provide the most benefit to your practice. A great addition to either the Practice Builder or the Plan Builder sessions. This class is held on Thursday from 8:00 am to 5:00 pm.
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- Plan Builder - In Day Three, You will learn how Plan Builder supports the financial planning process while exploring the power of this flexible and powerful tool to motivate your clients to take action now! You will cover all elements of Comprehensive Financial Planning - from Client Engagement and Fact-Finding, through Analysis and Projections, to Recommendations, Monitoring and Service. This class is held on Friday from 8:00 am to 5:00 pm.
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You will receive a certificate at the time of purchase for your Free workshop. This certificate will be valid for 90 days from time of purchase. You send a staff member or attend the session yourself. As you would like to train your staff, you can bring along additional staff members for $221 per day.
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| Cancellation Policy: |
We reserve the right to cancel the workshop with a 30 day notice. We will email you with confirmation of the Builder Suite Workshop and recommend you do not book any travel arrangements until your receive confirmation of the session. Minimum required attendance is six. |
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Contact Charlotte at 800 666 1656 ext. 13 for more information.
Not retroactive or valid with any other offers. |
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Archived Newsletters
BulderSuite E-News, June/July 2005
BuilderSuite E-News,April/May 2005
BuilderSuite E-news, Feb/March 2005
BuilderSuite E-News, January, 2005
TLS E-News, November, 2004
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Financial Planning Consultants, Inc.