Summary
The fact find captures a detailed expenditure section for precise spending insights.
Toggle off specific expenses to focus on general spending, if desired.
Customization: Add custom questions to tailor expenditure tracking to client needs.
Introduction
Understanding a client’s spending is crucial for crafting accurate and effective financial plans. Timeline’s expenditure section allows advisors to capture client spending in granular detail, offering insights that drive smarter planning.
For those who prefer a broader overview, the feature includes the flexibility to simplify data collection with custom questions for general spending.
Description
Detailed spending data gives a more accurate picture of a client’s financial situation, helping advisors:
Identify Trends: Pinpoint areas of over or underspending to guide smarter financial decisions.
Set Priorities: Highlight discretionary versus essential spending for better budget allocation.
Plan Effectively: Develop plans based on actual client behavior, ensuring realistic and actionable goals.
Recognizing that not all advisors or clients need granular spending data, Timeline provides options to adapt the expenditure section:
Toggle Off All Specific Expenses
Add custom Questions
Conclusion
Timeline’s new expenditure section delivers the best of both worlds: detailed insights for precision planning and the flexibility to adapt to individual client needs.
Whether advisors opt for detailed tracking or a high-level overview, the feature empowers better financial planning through customizable, client-first solutions.