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 meeting, further extending the available options and integrations with Xplan. We have simplified the integration process to allow site administrators to enable this integration, allowing you to opt in to integrate Zoom and Xplan if you want. Further information from Iress is available by clicking here.
From Version 21.5.169, there is a new ability to schedule a zoom meeting on behalf of another XPLAN user. Every user in the attendee list is now the alternative host if their zoom account meets the below criteria. This allows all participants to act like an alternative host, providing the same functionality as if they had created the meeting (both diary and video meeting modal).
- Has activated the Zoom integration in their XPLAN login;
- Zoom account is under the same account of the organiser's Zoom account; and
- Zoom account is a licensed account.
Client Focus Enhancements
DASHBOARD: 90 Day Option added to Incomplete/Upcoming Review Widget
The incomplete/upcoming reviews widget has been enhanced to allow the selection of 60 or 90 day periods for upcoming reviews to be displayed on your dashboard. See below widget settings:
MANAGEMENT REPORTS: New user Management Report for Denied Access
A new User Management report "Denied Login Accounts" is now available to allow the creation of a regular scheduled CSV report that lists all events when a User has been blocked access to XPLAN.
This enables the identification of User patterns of being locked out and address the cause of excessive lockouts.
It can be scheduled to run for periods of 1 day, 7 days, 30 days or 90 days. The report includes Users who were locked out during the period selected.
TASK FILTER in XPORTS: Additional filter within tasks data source
An additional Subject filter has been added to the tasks data source in XPorts to allow the configuration of an Xport report based on the subject of tasks.
OUTLOOK PLUGIN V2
Enhancements have been made to the Outlook Plugin Version 2. For these updates, click here.
ADVICE FEE CONSENT: Standard Functionality
With the new legislation commencing from 1 July 2021, Iress has built on the core functionality that was introduced in January 2021. The previously released functionality that was developed based on the draft legislation is now standard and no longer requires activation within System Settings. We are currently reviewing the use of the new Opt-in & Fee Consent Xplan element and will update you further on its introduction to yoru XPLAN site.
Portfolio Enhancements
ASSET CLASS DISPLAY ORDER
You are now able to define the order in which your businesses view asset classes within Xplan Portfolio screens (e.g: Defensive Asset Classes are listed first, with the asset classes themselves listed in a defined order).
The Asset Class rows in the Details table can be re-ordered by selecting the row you wish to reorder and:
- Dragging and dropping to the desired display position.
- Keyboard navigation is also supported for enhanced accessibility.
Note: The # column in the Asset Class Details table denotes the existing Xplan Asset Class ID information and does not represent the display order.
The defined display order is applied to Asset Class groupings in the following tables:
- Xplan Portfolios In-focus Holdings - Any grouping that includes ‘Asset Class’ will honour the above order.
- Xplan Portfolios In-focus Proposed - Any grouping that includes ‘Asset Class’ will honour the above order.
- Xplan Portfolios Hub Bulk Rebalance - The display order will be applied to this table when the Asset Class column is dynamically grouped.
- Xplan Portfolios In-focus Account Allocation tables.
The defined display order is applied to the Asset Class rows in the following table:
- Client >Risk Profiling > Investment > Investor Investment Profile.
If you would like this functionality made available, please contact support@wealthaxis.com.au
ENHANCEMENTS TO HOLDINGS AND PROPOSED SCREENS
The following fields have been added to the Account Group/Portfolio infocus holdings/proposed screens, to assist with investment decisions:
- Classification - Security classification (i.e Growth vs Defensive)
- Issuer Credit Rating
- Security Credit Rating
- Asset Class %
- Gross Annual Income
- Gross Yield
- Portfolio Plan Currency MV - Market value in portfolio plan currency
- Portfolio Plan Currency
The list of columns now appear in the table configuration as Available Columns and can be selected/moved to Visible columns to appear as required in the User Interface.
WealthSolver Enhancements
COMPARE RESEARCH: Compare Research Page in Modelling
An Optional Compare Research page has been added to Scenario Modelling to allow the User to view a comparison of the research for current and proposed plans that have been included in the scenario modelling. The compare research page shows the existing plans and any proposed plans selected.
The User can select to show the differences only or all research. Research filter can return results by Client, Partner or Combined:
The Compare Research page is optional and can be disabled by going to WealthSolver > Settings > Interface > Compare Research Page.
Xtools+/CALM Enhancements
CASHFLOW VISUALISE
Cashflow Visualise is a new presentation layer that allows advisers to have a better conversation with their clients. It is meant to be simple in a modern interface, with enough functionality to make this interactive with the client. This is underpinned by the modelling calculations that our clients trust from Xtools+. There will be different visuals (charts, tables and infographics) that will match the adviser theming and best of all this will also look in a report exactly like it is on screen.
This new presentation layer will be accessible through Xplan and will over time be integrated to the Xplan’s guided advice interface (Prime) so that advisers can quickly and easily create a base scenario in minutes. Iress has an integrated Client Portal with a fact-find from which information flows through to Xplan and to the Cashflow Visualise screen, allowing advisers and paraplanners to benefit from a truly integrated solution.
Cashflow Visualise is built on modern software architecture in the cloud (AWS), it is secure, reliable and will have regular updates to extend the functionality and delight advisers. One of these updates we are excited to bring you is the addition of infographics which will help crystalise the client situation at a point in time.
For more information on how to set up the visualise tool in XPLAN, please contact support@wealthaxis.com.au
CASHFLOW SCENARIO ADJUSTMENTS: Chart and Scenario Adjustments
A new Scenario Adjustments side panel has been added to Cashflow Visualise to enable quick and easy adjustments to a scenario while you are presenting.
You can access Scenario Adjustments via the top left corner of the Cashflow Visualise screen and from there, adjust the following variables:
- Retirement Age
- Living Costs
- Investment Strategy
- Market Crash
To enable Cashflow Visualise toggle, the Cashflow Visualise toggle can be turned on for the
applicable user group via Admin > Site
Settings > System Settings > Labs
CASHFLOW VISUALISE: Reports Match the Presentation
We
have added the following innovations to the Cashflow Visualise Interface to
enable the advice presented to your client to match the statement of advice
(report of advice provided to the client) and improve the process of producing
these documents:
- All screens within the Cashflow Visualise interface are available in Xmerge. This means that all components are available (charts, tables and infographics), as are any interactions within these components (show breakdown, expand table view, hide series, zoom) .
- The Xmerge code can be accessed from the Cashflow Visualise interface. At the bottom right of the screen is a button from where the Xmerge code can be copied.
You
can then use Xmerge variables to manipulate the generated code to fit within
your advice document to achieve consistent results.
CALM: Import Property Expenses
You
can now import Property Expenses from Client Focus, in addition to various
other Property details which were already being imported, such as Description,
Name, Value, Cost Base, Rental Income and Homeowner Status for the first
Primary Residence entered. Note that the Property Expenses are only treated as
tax deductible when there is Property Income (Rent).
SCENARIO ADJUSTMENT MARKET CRASH
A new market crash scenario adjustment is available as part of the scenario adjustments list. This is for advisers who want to have a conversation with their clients about the potential volatility of their investments and how they may need to make lifestyle changes based on market returns.
To change the settings of the Market Crash go to the scenario in Xtools > Input > Investment Returns and select the Market Crash tab.
Xtools Enhancements
NEEDS ANALYSIS: Default Risk Profile
When a new scenario is created in Needs Analysis, the calculations will now default to the risk profiles that have been set for the Client and Partner in Client Focus.
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 - 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 Version Enhancements - November 2021 (Major Release Version 21.11.193)
XPLAN Version Enhancements - November 2021 (Major Release Version 21.11.193) Client Focus Advice Fee Consent Fully Automated Process In the November major release, we will be making a beta version of the advice fee consent fully automated end-to-end ...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 21.10.190)
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 ...
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 ...