Voyant outcomes & reports

How much of a Voyant report do you use in a client report?

I'm interested to hear what others do and whether we're missing a cracking insert that we've just not found.


Comments

  • PeterMPeterM Member
    Hi Suse

    I'm fairly new to Voyant so I'm sure others will have more useful suggestions but we just use the detailed versions of the cash flow and the liquid assets graphs.  We generally don't bother with the cash flow tables as they take up too much space in the report.

    Personally I prefer the simple cash flow graph as I think it is much clearer (particularly when there is a shortfall) but the boss likes the detailed one, so we use the detailed one.

    Occasionally we use the IHT simulator to compare plans comparison but you need to use the Snip Tool as there is no actual report from this.

    Once I get a proper handle on how to use Voyant to demonstrate Capacity for Loss,  I would like to start using some of the outputs for this but it might be a while before I am at that level.    

    Peter
  • I have a similar experience to Peter. When I've used Voyant I've stuck to what I think is useful for the client ie the graphical output. Then explaining what's what underneath them. I've created reports for IFAs where they specify what elements they want and the whole Voyant output goes in as an appendix.

    The most important thing to remember is that the client needs to get value from what you are telling them, so make the charts you use those that have meaning to their circumstances and objectives. Cash flow planning can get very complicated very quickly. For example if a client is way under the asset threshold for having an IHT issue then they won't get anything from a page of charts showing them this. A sentence will do the same job and save you a lot of time.
  • Thanks both - that's my experience too. There's so much you could put in but really what matters is what helps the client understand. 

    Very glad to hear that we're "normal" in this respect.

    Appreciate you taking the time to reply. 
    Suse
  • @benjaminfabi 

    I am sure you have found this by now but in terms of capacity for loss if you go to simulators, needs analyser, select investment return rate and hit run - this will give you a required rate of return to ensure no plan shortfalls.

    If a negative number appears, then this is essentially saying you can afford to lose x% per annum and still meet all your costs of lifestyle.

    A useful conversation starter on loss capacity and helpful figure for reports etc.
  • Thanks...this adds to what I trying to explain to one adviser yesterday... also we keep the voyant input in the report simple with cash flow lifespan chart with commentary but as relevant pull in other charts where suitable. 
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