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Included in this article is a recap of those Premium features that come available with a potential upgrade from a Standard subscription.
As part of a Premium level subscription, you will have access to additional features beyond those included in the Basic plan, including:
- Tax Prep Letter
- State Tax projections in Scenario Analysis
- Explainer reports (including the multi-year Roth projection tool)
- The ability to create Standalone scenarios for current and prospective clients without first uploading a tax return
- Cash Flow visualizaer
- Access to CFP® Continuing Education credits
- Capability to receive a weekly email as part of our Age Reminder Digest tool
- Additional Support access
Tax Letter
Our Tax Letter feature is a value add for clients and their tax professionals during the hectic tax preparation season. If you are already providing something similar for your clients, this could potentially streamline the inputs and outputs of that process. You can view a comprehensive walkthrough of the functionality and use cases here. If you want to see what one looks like, you can view a sample here as well: 2022 Sample Tax Letter
State Tax
While Holistiplan will not read or analyze state tax returns, premium subscribers have the ability to incorporate state tax projections in Scenario Analysis. You can read more about Holistiplan's State Tax projection features here: State Taxes in Holistiplan
Explainer Reports
Holistiplan has Four Explainer Reports that help guide client conversations in a clear and concise way. The Tax Explainer demystifies how they arrived at their tax number; the Roth Explainer is a comparison of potential long-term effects on portfolio values with and without a single-year Roth conversion; and the QCD Explainer and DAF Explainer inform the what, how, and why of key charitable strategies using the client's real numbers. Below are four videos that speak to each as well:
Premium subscribers who wish to evaluate Roth conversions over a multi-year period also have access to our Roth Projection tool.
Standalone Scenarios
Premium subscribers have access to Standalone Scenario Analysis, which allows you to model various planning scenarios for clients and prospective clients without having to first upload a tax return. This may be particularly useful if you want to model scenarios in a prospecting meeting or have a relatively simple W2 client for whom there is not much data entry. You can view a brief walk-through here.
Cash Flow Visualizer
Premium subscribers can create Sankey diagrams to help clients visualize their cash flow. This article in our Knowledge Base describes how to create and edit these exhibits for your clients: How Do I Create a Cash Flow Exhibit
Age Reminders
Users can also opt-in to receive a Weekly Age Reminder Digest via email, which is a summary of clients who are reaching conversation-worthy milestones based on their dates of birth. These alerts can help facilitate proactive touches at notable and potentially actionable times. You can view a brief walkthrough here.
Continuing Education
In addition, Premium subscribers also gain access to our CFP® Continuing Education webinars to earn credit hours. Even if you are not a CERTIFIED FINANCIAL PLANNER™ interested in earning CE credits, you can still enjoy watching these webinars that dive deeper into Roth conversion strategies, Tax Planning as a year round sport, retirement plans for the self-employed, and more!
Additional Support
Finally, if you have a question that is better answered live instead of via email, Premium Subscribers have the added option to schedule a one-on-one Quick Support Call over video conference with one of our Senior Support Specialists. These can be scheduled by clicking on the (?) Help button located on the top right hand corner of the Holistiplan toolbar.
If you are currently contemplating an upgrade to Premium, please feel free to reach out to the Holistiplan Support team by using the "Contact Support" button located at the top-right of almost every page and they'll get you set-up with your new features!