v3.41: Koyfin Advisor Pro Plan
Introducing the Koyfin Advisor Pro Plan, our new offering designed with financial advisors in mind. Whether you want to create stunning client reports, track client portfolios, or gain deeper insights through data downloads, this plan has everything you need. In this guide, we'll walk you through the essential features: Reports and Client Proposals, Client Portfolios & Schwab Integration, and Sleeves in Model Portfolios & Data Download.
Reports & Client Proposals
One of the standout features of the Advisor Pro Plan is the ability to create highly detailed, professional reports and client proposals with just a few clicks. Let’s start with reports.
The reporting tool allows you to generate customized portfolio reports that compare portfolios against a benchmark or other portfolios. For example, you might want to show your client how their portfolio compares to a benchmark, like a 60/40 portfolio, or another strategy, like a global growth portfolio. Once you’ve selected the portfolios you want to include, you can personalize the report by adding a title, a client’s name, and even your company’s logo for a more polished, branded look. Koyfin gives you options to tweak the style of the report too. You can match the color scheme to your firm’s branding.
Creating a client proposal is equally straightforward. Let’s say you want to show a client how their current portfolio stacks up against a recommended portfolio. You can build a report that compares the two, highlighting key differences like fees, asset allocation, and performance. This tool is incredibly useful for explaining why you’re recommending changes, making it easier for clients to see the benefits of your proposed strategy.
Once your report or proposal is ready, you can download it as a PDF and share it with your client. If you like how you've set up a report, you can save it as a template for future use, saving you time the next time you need to generate a similar document.
Client Portfolios & Schwab Integration
Managing client portfolios has never been easier, thanks to Client Portfolios. This new feature gives you a centralized place to track all of your clients' accounts. The difference between client portfolios and model portfolios is important: client portfolios include actual positions with dollar amounts, whereas model portfolios are built around percentage allocations.
You can populate client portfolios in a few ways. If you already have portfolio data, you can upload it via CSV, but the big time-saver comes with our Schwab integration. Now, you can directly import client portfolios from Schwab into Koyfin, saving you from manual data entry. Schwab is the first custodian we’ve integrated, but more are on the way. If you’d like to suggest other custodians, just let us know (help@koyfin.com).
Once imported, client portfolios offer a wealth of insights. You can see everything from asset class exposure to hypothetical performance, giving you the data you need to make informed decisions. You can even generate comparison reports within the Client Portfolios Hub, just as you would with model portfolios. These comparison reports allow you to show clients how their current portfolio performs against a proposed new strategy, making it a powerful tool for advising on portfolio changes.
Sleeves in Model Portfolios & Data Download
The Advisor Pro Plan also brings some exciting upgrades to Model Portfolios, particularly with the introduction of portfolio sleeves. Sleeves let you combine multiple portfolios into one larger, more complex strategy. For instance, you can create an 80/20 sleeve that includes an equity model portfolio and a fixed-income portfolio. This feature helps you build custom asset allocation models by pulling together different components, making it easier to tailor investment strategies to your clients’ needs.
Data lovers will appreciate the new data download feature, available in the Advisor Pro Plan. Now, you can easily export the data from any model portfolio into a CSV file, making it simple to further analyze or share the data. Whether you're looking at asset exposure, historical returns, or performance charts, you can download these insights and work with them in Excel or any other tool of your choice.
In summary, the Koyfin Advisor Pro Plan offers a suite of tools designed to make managing client portfolios, creating reports, and analyzing data simpler and more efficient. With the ability to create customized reports, manage client portfolios through the Schwab integration, and use advanced features like portfolio sleeves and data downloads, the Advisor Pro Plan is your new secret weapon for client success.
If you’re interested in trying it out, don’t hesitate to email us at help@koyfin.com for a free 7-day trial, or upgrade right now to access all Advisor Pro features.