Although Liability Manager is good, there are some additional features Financial Crossing could add to make it even better. One is integration with leading financial planning software packages so that information can be shared. Another would be the ability (with the clients' permission, of course) to link the application to credit reporting agencies. With that capability, the program would be better able to zero in on loans that the client is eligible for. If could also be tied into the alert system: If a client walked into a car dealership, which then tried to pre-qualify him for an auto loan, his advisor would be notified immediately. The advisor would then be able to call the client and advise him that there are other ways to finance such a car purchase.
Priced at just $59 per month or $600 per year for independent advisors, the software appears to offer a path to better liability advice, improved service and efficiency, and it could perhaps also provide an additional revenue source. I suspect there are many advisors that will find Liability Manager an attractive new tool for their financial advisory practice.