XPLAN Version Enhancements - October 2021 (Version 21.10.190)
XPLAN Version Enhancements - October 2021 (Version 21.10.189)
Client Focus
Case Locking and Unlocking with Missing Xtools Scenarios
Improvements have been made to the way in which the locking and unlocking of Cases is actioned when there is a linked Xtools scenario that has been removed from Xplan. Now when you lock or unlock a Case with a missing Xtools scenario, it will ignore the missing scenario then continue with the locking or unlocking.
Portfolios
Transactions Hub Enhancements
The Xplan Portfolio's Transactions Hub screen has been updated with enhanced search and filtering capabilities. You now have the ability to:
- Carry forward your list of working Account group or Portfolio list to the Transactions Hub and search for applicable transactions
- Search for trades easily
- Search and filter transaction results efficiently
- View additional transactional data in the table (eg. Vendor references, Broker details and Client Reference details).
The Transactions Hub is now available for everyone and is no longer behind a feature toggle.
Xtools
CALM: Investment Returns Calculated Using Client Focus Tailored Risk Profile Asset Allocation
In 21.5.167 it became possible to Import and apply a tailored Client Focus Risk Profile to the Asset Allocation charts within Xtools+ projections. Now, tailored edits within Client Focus are also used to calculate the Investment Returns that are applied.
CALM: Easier to Include/Exclude Settings for Assets in Charts and CALM Page
The settings to include the Home, Home and Reverse Mortgage, Accommodation Deposit and Non Financial Assets in the Charts and CALM page are now clearer and easier to access. You can also set each item separately. Previously, you could only apply a single setting for "Non Financial Assets." You still have the option to Include, Exclude or Include Separately.
The options are accessible from the Other Options tab at Input > Options
You can also access the settings via popup hyperlinks in the Input pages for the various items as well as from the CALM display page. The popup option available at Input > Individual > Property is shown below. When you change the settings, the hyperlink text changes so you can see what setting you have applied.
CALM: Improved Asset Breakdown and Death Benefit Charts
Non Financial Assets are now included in the Asset Breakdown and Death Benefit charts.
Note that you can exclude various non-financial assets from the Asset Breakdown chart using the new settings, however the Assets included in the Death Benefit chart are fixed
CALM: Refined Functionality for Custom Defined Benefit Values
In version 21.8.184 it became possible to enter specific defined benefit values for each period of your projection by selecting Specify Custom Benefit Values. Users can now enter the components of the defined benefit in the Lump Sum Value tab and the functionality should also be easier to use as irrelevant data entry cells are hidden.
CALM: Aged Care Fees are Now Shown Over 365 Days
The Basic and Means Tested Daily Care Fees are now shown for the number of days in a period (i.e. 365 or 366 days for a financial year). Previously only 364 days of fees were shown each year. Note that calculations for the Daily Means Tested Care Fee have not changed and are still based on 364 days.
CALM: Refined Aged Care Calculations for Wealthier Residents
The absolute maximum Daily Means Tested Fee a very wealthy resident can be charged is currently $259.26, however their actual maximum fee is determined according to their ACFI assessment and the subsidies granted for activities of daily living, behaviour, complex health care, oxygen and enteral feeding. While CALM does not consider these subsidies in detail, it now uses the absolute maximum daily fee to provide a closer estimation of a very wealthy resident's Maximum Daily Means Tested Fee and the earliest date the Annual and LIfetime Cap may be reached.
CALM: Xmerge Paths for Excess Concessional Contributions Tax
The following paths can now be used to merge information about excess concessional contributions tax into advice documents:
FIELD | CLIENT | PARTNER |
Excess Concessional Contribution | Super/Client/Conts/Concessional Cap/Excess/Contribution | Super/Client/Conts/Concessional Cap/Excess/Contribution |
Excess Concessional Contribution Tax | Super/Client/Conts/Concessional Cap/Excess/Tax | Super/Client/Conts/Concessional Cap/Excess/Tax |
Release from Accumulation Fund | Super/Client/Conts/Concessional Cap/Excess/Release from/Accumulation | Super/Client/Conts/Concessional Cap/Excess/Release from/Accumulation |
Release from SMSF | Super/Client/Conts/Concessional Cap/Excess/Release from/SMSF | Super/Client/Conts/Concessional Cap/Excess/Release from/SMSF |
Individual Tax | Super/Client/Conts/Concessional Cap/Excess/Release from/Individual Tax | Super/Client/Conts/Concessional Cap/Excess/Release from/Individual Tax |
CALM: New Result Path for Net Savings at the End of Projection
A new result path is available to include in reports. The path is: /%Client/%Tool/%Scenario/Results/Infographics/Net Savings at the end of Projection/Formatted Value
CALM: Improved Text for Cashflow Infographics
The text for Infographics in Cashflow Visualise now accommodates scenarios where the clients have remaining savings at the end of the projection.
XPLAN Fixes
Portfolio |
Proposals with invalid create/modify user codes stored against the proposals can be displayed in all proposal related screens without issues |
The user is now able to modify the report visibility settings for those reports that were visible to user groups that were subsequently deleted. |
Xtools |
CALM: Notational Taxable Contributions to a defined benefit account were not ending at that same time as salary sacrifice and non concessional contributions. All defined benefit contributions now end at retirement. |
CALM: Where one member of a couple was set as eligible for an income support payment and the other member's eligibility was set to none, only half of the applicable rent assistance was included in calculations. In these scenarios, CALM now shows the couple's combined rate of rent assistance being paid to the income support recipient partner. |
CALM: Import from IPS was causing a Stack Trace Error. |
For more information, please contact support@wealthaxis.com.au.
Related Articles
XPLAN Version Enhancements - October 2021 (Version 21.10.189)
XPLAN Version Enhancements - October 2021 (Version 21.10.189) Client Focus Sender Field updates for 2FA The sender field for the 2FA email notification of security code can now be configured to override the default name. Client Policies Due For ...XPLAN Version Enhancements: October 2021 (Version 21.10.192)
XPLAN Version Enhancements: October 2021 (Version 21.10.192) Client Focus Client Dashboard Performance Improvement Improvements have been made to the performance of the user Xport when extracting data from the Time Taken Ticker. The Xport will now ...XPLAN Version Enhancements - October 2021 (Version 21.10.191)
XPLAN Version Enhancements - October 2021 (Version 21.10.191) Client Focus User Time Taken Xport Performance Improvement We have made improvements to the performance of the user Xport when you are extracting data from the Time Taken Ticker. The Xport ...XPLAN Version Enhancements - September 2021 (Version 21.8.184)
XPLAN Version Enhancements - September 2021 (Version 21.8.184) Risk Researcher & WealthSolver Product Design and Distribution Obligations (DDO) In accordance with ASIC Regulatory Guide 271 - Product Design and Distribution obligations, Risk ...XPLAN Version Enhancements (Version 21.5.171)
XPLAN Version Enhancements (Version 21.5.171) General Enhancements VIDEO MEETING (ZOOM) INTEGRATION For advisers who want to be digitally empowered and accessible for their clients, this integration extends functionality to include zoom video ...
Popular Articles
Wealth Axis Files - Naming Convention
File Format: Date, Client Name, File Name Date - yymmdd E.g: 12 Sept 2013 - 130912 E.g: Undated - 010101 Client Names One Client / Only primary client (John Smith) E.g: Smith, J Two Clients (Primary and Secondary Client/Client and Partner) - Married ...Wealth Axis Wizards - Overview
Overview This article is designed to help you effectively use the Wealth Axis Wizards in XPLAN. The key features of the Wealth Axis Wizards are: Integration with key modules such as Client Focus, Portfolios (IPS), Risk Researcher, WealthSolver and ...New User Manual - Admin
XPLAN and the Advice Process Overview Many advisers use the Advice to Client process to manage the advice process in their business. To enable participants to be able to relate to the different modules in XPLAN, this course is structured along the ...Administration - Email: Setting up the Outlook Plugin
Outlook Plugin - Overview Outlook Plugin is a function available with XPLAN that allows you to quickly and easily save and record email correspondence in the XPLAN document library as a Note that is linked to a client or user entity. This allows for ...XPLAN Workshop - XPLAN Client Setup
Introduction Overview Each practice deals with leads, referrals and potential clients differently. However, most practices have a system regarding the way client information is recorded and relationships with clients are managed. In this section, ...
Recent Articles
XPLAN Legislative Rates June 2022
XPLAN Legislative Rates - June 2022 Legislative rates have been updated to reflect: 1. Social Security rates effective July 2022 2. AFSA Retirement Standard Benchmarks for the March Quarter 2022. Social Security Rate Changes - July 2022 The rate ...XPLAN: Task Notifications - Redirecting
XPLAN: Redirecting Task Notifications XPLAN task notifications can be sent to your Email Inbox (e.g. Outllok, Gmail) to notify you if a task has been created, unactioned, is overdue or complete. If the task notifications cannot be turned off, then ...XPLAN Version Enhancements - 18 November 2021 (Version 21.11.195)
XPLAN Version Enhancements - 18 November 2021 (Version 21.11.195) Client Focus Digital Signature Notification will Honour the "Override from Address" when sent by Super User The notify signatories template configured in system settings > client focus ...XPLAN Version Enhancements - November 2021 (Version 21.11.194)
XPLAN Version Enhancements - November 2021 (Version 21.11.194) Client Focus New Current Residential Address Field A new field, current residential address, has been added to record a client’s current address. When entering the first address for a ...XPLAN Datafeeds: HUB24 Enhancements (v4.3) 29 October 2021
HUB24 Enhancements: 29 October 2021 HUB24 have released enhancements to their XPLAN EPI 4.3 datafeeds, to be effective 15 November 2021. Below is the information directly from HUB24 on the enhancements. The Individual Holding extract is where the ...