Developments & Highlights from RightCapital in Q1 2023

We are thrilled to announce the new RightCapital mobile app where clients can view their entire financial lives on the go.

Let's start with our redesigned dashboard with net worth, probability of success, and accounts that your clients can tap into for more details. Important action items such as unlinked accounts and overdue tasks are front-and-center so your clients can take action.

On the Budget tab, clients can stay on top of their spending and see how they are tracking against their budget goals for the month. Clients can link credit cards and bank accounts, edit transaction names and categories, and view their expenses for different periods of time. They can also search for transactions and set budgets for new categories, all within the app.

Using the Tasks tab, clients can create and assign tasks to themselves, their partner, and their advisor. Clients can also confirm completion of tasks or delete tasks they've created.

Our popular Vault storage feature is now available on mobile. Clients can easily snap photos of documents or upload files to securely share them with advisors. They can also store files for their own use.

Lastly, on the Investment tab, clients can see the overall asset allocation of their holdings or tap into individual accounts.

Schedule your personalized demo today to learn how RightCapital's mobile app can enhance the value of your financial planning services.

Let's now talk about the fun stuff. So this is our brand new revamped budgeting tool in RightCapital, and what we see here is a really great consolidation of information that focuses on the client's income, the client's spending, and ultimately that detail is flowing from any linked accounts in the profile net worth.

I want to focus on a few quick things here, because we have some differences in the way the layout is seen from the way it was previously. So first, what we're going to see is this Summary tab, which gives us an update for this current month, where we're at in terms of spending. This is where, for example, I can see from March 1st to March 10th where the client is in terms of their spending on different categories. And these categories and thresholds for the spending are assigned through the budget tool. So we'll get there in a minute, but we can see that maybe for bills and utilities, there's a thousand dollar monthly budget there and they've spent at this point $320. So there's $680 left.

So if we're, let's say, under 50% here, what we're going to see is the green bar, which says we've got plenty of room left in the budget. If we are approaching the higher top of the budget here, we'd switch to a yellow bar or an orange bar. And we can also see if someone is over budget here, like for example, maybe we had a little more auto and transport cost than we assumed this year. So we're actually at $700, over the $500 budget. We're going to show red, so it's going to indicate we're over budget for that month and that category.

And all this information is just auto-categorized for us. The action items here that used to store the information around creating the budget are now just an area for notes, so you can add in your notes that will print on the report. For example, looks like we're over budget for auto and transport. They were gearing up for a big road trip and we want to make sure the car is in good shape. But these are notes that are available just if we want to call attention to anything for the report itself.

And beyond that, we can also see that this screen is just the starting place where we can begin to talk through what previous activity we've seen. So this is where we can really look at different timelines. Here we can say what happened this month, or last month, maybe the last three months, last six months, year to date, a custom time period as well from a certain calendar year then to now. So we can analyze everything from expenses over time, to income over time, net income, so we can say what's really happening here.