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Technology for Better Financial Planning and Products

Our Portfolio

01

Our current product offering consists of a lifespan and healthspan estimation tool that can be found at www.mywealthspan.com

This calculator is used as the starting point for the financial planning process and helps drive decisions around...

  • The timing of Social Security income claiming

  • The amount of risk that is appropriate in a portfolio

  • The products that should be incorporated in the plan

  • The amount of income that can be expected

  • How to structure assets and accounts to minimize taxes

  • How to prepare for likely healthcare expenses

02

Face age is a good indicator of longevity.  If your face age is younger than your biological age, you are likely to live longer than the average person your age.

The next product offering coming in Q4 2023 will add facial analytics and spousal comparisons to the lifespan and healthspan estimation tool that is currently live.

 

This will allow for a very unique client experience with a selfie being added to the questioning process.  The spousal comparison is also a critical component to lifespan planning, as many spouses haven't considered the extended period of time that a surviving spouse could spend on their own. 

 

This certainly adds complexity to the planning process but leads to a much more prepared spouse.

  • New client experience with the introduction of a selfie

  • Lifespan and healthspan is determined for each spouse

  • Spousal lifespan and healthspan comparison is completed

  • New information allows advisors to educate clients about how social security and other income sources may be impacted by the death of a spouse

  • New information allows advisors to customize the plan in order to  ensure the income needs of a surviving spouse are addressed

  • Spouses become aware of the need to prepare for likely healthcare responsibilities and expenses

03

We're excited to be working on a holistic, full-scale planning solution that incorporates lifespan and healthspan assessments.  This new project will be available in Q2 2024.

We're calling our newest project Wealthspan Score™.  The purpose of the new technology is to help a client determine and quantify their preparedness for retirement.  With some data inputs from advisors, they'll be able to identify the current Wealthspan Score™ for a client based on their current financial accounts and situation.

Once the current situation is known, the advisor has the opportunity to make recommendations concerning changes that could be implemented that will improve the score for each of the categories that will be analyzed by the tech, which will impact the overall Wealthspan Score™ for the client.

The goal of this technology is to educate clients about how prepared they are for retirement and give advisors an easy way to show how making small changes in different areas of their financial situation can improve their score and probability of having a successful retirement.

- Matthew, Financial Advisor
“The Wealthspan lifespan and healthspan tool has allowed me to differentiate myself and have a conversation with clients that they've never had before.”  
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