InStream Solutions is adding new features to its wealth management platform and changing its business model from a free to a subscription-based service.
The new features added to the inStream platform include:
• The industry’s first “Safe Saving Rate” planning function designed by retirement income planning expert Wade Pfau, PhD.
• Integrated mind mapping tools.
• Automated daily proactive planning alerts.
• Concise custom planning reports.
In the coming months, InStream plans to release a complete document management solution, account aggregation and integrated investment analytics. “We’ll be rolling out product enhancements every few weeks through the Spring of 2014,” said Alex Murguia, the company's founder and CEO.
“We believe that inStream Solutions represents the evolution of the planning profession,” say Murguia. “Traditional financial planning software firms have been primarily focused on integration, but we’ve been innovating,” he added. “We are not trying to create financial planning software; we’re creating a wealth management platform that financial planners can use to run their businesses.”
Murguia believe that the “Safe Savings Rate” tool will have broad appeal. It is helpful to the typical planning client who is 10 or more years from retirement, but it is also essential to the mass market.
The annual price for a single user will be $2,400, with volume discounts available, but those who sign up before June 30 will receive a 50 percent discount on annual subscriptions. Existing users can sign up for $1,000. Visit www.instreamwealth.com for more details.