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1. Voyant Adviser INTRODUCTORY TUTORIAL Getting Started Build Your First Client Case Tutorial 1 wiveyant Table of Contents Introduction About This Guide and the Voyant Adviser Introductory Tutorials ccccscsscsscssscssccsces I Oues ions OC LEG 2 eee ene ne EEEE EEEE EEA E EE EEEE Before Beginning Have You Installed Voyant Adviser cccccccccccccsccccccscccsccccccecccsccccccecccsccccccesccscoeees 2 BFOWSEF SDECITIC Installation Tips cssccccsensccsscccsssiccsvecscsssicessuedswecdsedcsedsenceseuasossiiocssuusssssioessdandecedenadesacesosesesceesosesssess 3 PESTS UO SI e ca teen ate ccc cata sb chs pects EE E E E E E cece eeeestose eee 3 fi Cer FEO o gt eee a e EAE EA REEE ne EE E ere E E ee EE E E ee ee eee 3 Goor CANON aeea E EE E 4 Getting Started Launch Voyant Advis rsisi Sa 5 Use Voyant Adviser Offline Set Up Offline Synchronisation Choose an Offline Passcode sess0s 6 Sa S E a ec ees gta E A A A E AEA AAA N A T A E A E 6 Preferences Activate Offline Mode Anytime After Installation Update Your Offline Passcode w ee eeesssseceeeeees 7 Create a New Client Case File The Open Client Record Dialogue ccccccccsccccccccccsccccccccccscccsccesees 8 Enter the BASICS esesssssssisssccssiocsdeasessavastvssiwestlovstensdsnedsves sandeastewsSeusdenedenssennedsnnsnpacs seen suas sans EEANN EONENNEK ENa 9 fl gers BR 1 go ID J o gt ee ren ree ee ee
2. E Yrans 1 3 060 000 i The chart legend will appear The legend shows a breakdown of oe a Cem rT the Campbell s net worth by category together with any debts FAPT Total Debts 273 823 B Secured 273 823 balanced against it Their home is tracked as a non liquid asset Unsecured E Total Assets 1 432 684 E Non Liquid 639 662 20 Deselect the Detailed checkbox in the chart panel to return the E investment Assets 793 023 charts to their basic view a Detailed Info Chart Controls Dual Chart 1 190 000 Net Worth pr 1 020 000 F Detailed 250 000 680 000 510 000 340 000 170 000 STAGES 40 42 44 46 46 3g 44 43 45 AGES VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Expenses TAXES EXPENSES Let s complete the plan by entering the Campbell s expenses Basics Pe Leisure Basic Expenses Eee 1 Select Expenses gt Basics in the left navigation Milestones Legacy Enter the Campbell s basic living expenses which they estimate are on average 3 800 per month 2 People First check the People panel located on the right side of the screen The software is defaulted to assume that expense
3. In the adjacent menu select the Assets By Type chart INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Single Chart 300 000 Cash Flow pAssets Ey Tax Type MBP Baccets By Tax Type Assets By Type Liquid Assets P Detailed Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Alle Vote t m Vr Fa 2035 i 2290 974 The same asset chart will be presented only now with assets re categorised E Total Assets E Non Liquid into perhaps more recognisable groupings non liquid assets properties pensions investments and savings These categories are synonyous with the savings 637 211 items entered on Property Assets Savings Investments and Pensions Investments 313 393 B Pensions 1 340 370 screens 2 790 000 veyant 22 yi 2 610 000 2 520 000 cient new open i save 2 490 000 Base Plan Assets 4 Whatif Manage Plans 340 000 2 250 000 l 2 070 000 i PEOPLE 1 980 000 RISK PROFILE 1 890 000 wag E pi 1 800 000 Ane RT Ve DORE TIME 1 710 000 7 saith 2035 ope E o ge E Total Assets 2 290 974 1 530 000 E Non Liquid OTHER INCOME 1 440 000 i Savings 637 211 Investments 313 393 WINDFALLS eee l I Pensions 1 340 3
4. VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document iveyant eee ee Employed yt income Source Mame USE Julia s Income Julia is currently employed as a nurse and earns a gross salary of 3000 per month 1 People First go to the People panel located on the right side Monthly Annual of the screen Select Julia as the income earner A check mark Bonus Commisions i will appear next to her name Benefits In Kind is Make the following entries and selections in the fields to the left 2 Income Source Select Employed Julia NS 3 Income Source Name Enter Nurse Alex Martina 4 Salary Enter 3000 Julia s gross monthly salary 5 Select Monthly to indicate that the amount entered are her monthly earnings 6 Time Check the Time panel which sets the period over which the income will be earned ME John s Sports Car John The start event shown with a green dot and end event shown with red dot are E Retirement John selected by default indicating that this salary will be earned from the beginning i Retirement Julia of the plan until Sarah s planned retirement at 60 Accept these default selections Retirement for now Retirement
5. Contributions and taxes qessssscesseseeeeensceccecenenecneueunecncsccnseesnecnsscenseneneunesensees 6 Select Annual to indicate that these are his annual earnings ieee ee Christie Kiel Monthly Annual cenefits in kind ADVANCED SETTINGS Add Cle wiveyant Client New Open Save 4 Whatlf Manage Plans PEOPLE RISK PROFILE TIME EN EMPLOYMENT OTHER INCOME Employment Enter Gross Income Enter employment incomes in gross amounts i e pre tax before the deduction of any pension contributions Voyant Adviser will do the tax calculations for you Pension contributions made from supporting salaries will also be deducted from this gross income You may need to gross up income in cases where your client has provided a net income figure VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant 7 Time Check the Time panel located on the right side of the screen The Time Panel Selecting Alternative Start End Events Selections on this panel are used to set the time span over which the income will be earned Different start or end events could The start event green dot and be selected to begin or end the end event
6. e ae a E ea E Ln Ln Expenses for example are grown using a default Asset Allocation Sey inflation rate taken initially from the Plan Preferences This rate can be changed for an individual expense however by editing the default inflation rate on the Expense screen s VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Expand the Investment Fees panel and verify that the settings on your computer match the following Investment Fees Gey 0 5 Liquidation Order Py 6 Expand the Liquidation Order panel and verify that the settings on your computer match the following Investment Fees Gey Liquidation Order ey 7 Expand the Calculation Settings panel and verify that the settings on your computer match the following All of the options on this panel should be left deselected Risk Profile Settings 8 If any updates were necessary click the Apply button located in the bottom right corner of the screen to save these changes An Important Note About the Numbers Voyant Advisor is not a standstill programme It is constantly being developed and updated to ensure that the software models U K taxation and pension rules as a
7. First Name Gender Male Female Date of Birth 06 10 1975 dd mm yyyy Current Age 36 VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Children wiveyant John and Julia have two children Alex and Martina Enter their basic details into the plan Alex Campbell 1 First Name Last Name Enter Alex Campbell 2 Gender Select Male Gender Male O Female 3 Date of Birth Enter 02 04 2000 Alex s current age will be Date of Birth 02 04 2000 dd mm yyyy displaye d Current Age 12 Relationship Child a 4 Relationship Select Child This is the default selection Ag 5 Click Add Martina Campbell Last Name Gender Male Female Date of Birth dd mmyyywy Current Age 6 1 First Name Last Name Enter Martina Campbell 2 Gender Select Female Relationship Child s 3 Date of Birth Enter 15 08 2003 Martina s current age will be ae displayed 4 Click Add 5 Click Next Exploring Alternative Retirement Options These are the Campbell s current retirement C rrent Retirement Pians plans but other options can be easily explored using what if planning scenarios We will John and Julia both plan to retire at age 60 G
8. Rate wjfo sf oe VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Alle yan t Let s See Track Properties and Debts in the Cash Flow Assets and Debts Charts Let s visit the charts again to check our progress 1 Click the Let s See button in the lower centre section of the screen or in T eres the left navigation The Let s See charts screen will display showing the h Cash Flow chart 2 Ifit s not selected already tick the Detailed checkbox in the chart le Chart DualChart Compare Plans panel near the bottom of the screen The Cash Flow chart will a Expenses ee display in its detailed view Detailed k Select None The chart has changed slightly since our last viewing The need line has been adjusted upwards to include a newly added expense payments on the Campbell s home mortgage Notice how the black need line as well as the purple basic expenses line fall when John is 57 and Julia 54 The black need line is comprised of the Campbell s taxes all of their expenses and their realised savings and investments including their pension and ISA contributions The portion of each bar that is above this line is unallocated surplus The lower
9. i 456 881 oystalizedt USP John s GPP John ba 1 071 900 Year 2032 Property Debts Protection Taxes 55 Planned 0 Actual 1 456 881 0 0 Actual 80 857 1 092 661 Scdh d 80 857 Limit 80 857 Planned 4 161 Actual Average Total Growth Rate 5 5 Simple Reset Sire 4161 8 Click the Simple link located at the bottom of the details panel to close the chart details and return to the basic chart legend 9 Click the Back link located in the top left corner of the charts to return to the Simple Reset Size k State Pensions screen or select Pensions gt State Pensions in the left navigation Back Pensions gt State Pensions HULU WILL Base Plan Cash Flow Detailed 380 000 360 000 INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE INVESTMIENTS MW PENSIONS Money Purchase Drawdown Pension Final Salary Annuity State Pensions PROPERTY ASS S DEBT Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Savings Next let s enter John and Julia s savings and investments Julia has a cash ISA with funds on deposit of 15 000 She plans to continue making annual contributions of 3 500 until she retires She might consider saving mo
10. 0 Previous Year 0 Simple Reset Size On the details panel you will find the following annual transactional details from the plan e Cash Flow Income other inflows and funds drawn from assets including taxes withheld at source e Expenses Scheduled expenses taxes and contributions to savings investments and pensions e Investments Savings Account balances growth rates net of account fees contributions and withdrawals e Pensions Contributions crystallisations and annuity purchases e Properties Property values outstanding balances on any associated debts mortgages owner equity and ultimately revenue once the property is liquidated e Debts End of year balances and annual payments e Protection Benefits and policy premiums e Taxes A worksheet detailing how Voyant Adviser arrives at its annual tax calculations for each person in the plan VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document VOYANT ADVISER wiveyant 7 Click the Pensions tab for example to track contributions balances and the crystallisation of pensions Expenses Investments End of Year Growth Owner s Balance Rate John 0 Name John s GPP
11. 000 ESTATE PLANS ale ana 180 000 i 2 3 11i 1 i I i K i i ES i i E i i k k E amp t i k f j t k b p k K ke h d K E Y EN D D e ea nee Retirement OVERVIEW Ebi Be x P T y T e E 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 ss REPORTS 37 39 41 43 45 47 49 54 5355 57 59 61 63 65 TA 71 73 75 77 737 5 83 85 87 389 Single Chart Dual Chart Simulations Loss Capacity Real Money Edit Time Historic What If Assets By Tax Type w Non Liquid Assets a Taxable WH Detailed Tax Deferred Ca Tax Free The Assets chart will display presenting a breakdown of assets by tax type Non liquid properties and other illiquid assets entered on the Ag E Yra Property Assets screen E Total Assets 2 290 974 Non Liquid Tax deferred money purchases and drawdown pensions onshoreand 41 Mf Tax Deferred 1 340 370 Tax Free 450 245 offshore life funds discounted gift trusts other trusts a general asset I Taxable 500 359 category for modelling trusts of various sorts Tax free ISAs venture capital trusts enterprise investment schemes Detailed Info Chart Controls charitable trusts national savings certificates child trust funds nt a e Taxable current accounts savings offshore taxable investments This chart tracks the growth of the pensions savings and investments entered into the plan so far 9 To view these assets individual
12. 236 INVESTMENTS 1 210 000 Detailed info Chart Controls PENSIONS neo 990 000 v ACCETC PROPERTY ASSETS FON ES DEBT 770 000 PROTECTION N 550 000 AXES 440 000 EXPENSES 330 000 ESTATE PLANS el a 110 000 LET S SEE lt 5 a OVERVIEW AGES 40 42 44 46 48 50 52 54 56 58 60 62 64 66 66 70 72 74 76 78 60 62 84 86 37 39 41 43 45 47 49 51 53 55 S7 59 61 63 65 67 69 71 73 75 77 79 31 83 Dual Chart i i i Simulations Loss Capacity v Detailed Preferences Help VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document 58 90 85 oF 89 wiveyant J ob Well Done Now Save Your Work Congratulations You have completed your first client case file in Voyant Adviser Now save your changes A Fie Adding Comments to Versions 1 Click the Client Save button in the top TEE yant g left corner of th e screen Comments are optional but may be Client New Open Save useful later after having worked 2 The Save dialogue will display 2 Whatl Manage Plat th rough several iterations of the plan Comments are optional Click the Save with your client Comments might button PEOPLE include what was entered or updated in an iteration of the client cas
13. AA STAGES M e Retirement OVERVIEW nee aces 49 A E BSH SHOCKED a 7H 7B a ct 84 86 88 9 REPORTS 37 39s 43 45 47 4 451 53 55 57 59 amp 1 63 65 67 69 71 73 a ry 81 8 amp 3 85 87 89 Dual Chart Simulations Loss Capacity Real Money Edit Time 4 What if Non Liquid Assets E Savings d aw Pensions al Investments Properties are also tracked in the Assets By Tax Type chart which shows assets by tax category Properties are excluded from the Liquid Assets chart 13 To view these assets individually tick the Detailed check box in the chart panel S baie The Assets chart will switch to its detailed view with colour coded assets tracked individually in the chart 14 Click any year of the chart The chart legend will show the end of Age 60 vr 2037 year value of the Campbell s home E Total Assets 3 096 198 Home 881 780 B Alex s Cash k Cash ISA 120 335 E Johns Cash 364 220 B John s GPP E Julia s Cash B Julia s GPP 391 072 Detailed Info Chart Controls 15 Click the chart selection menu Single Chart Dual Chart in the lower left section of the charts panel 16 Select Debts VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of
14. Client Record dialogue will then display This is where you can open existing client files or create new ones Open Client Record FirstName Adviser Emal O Quick Start LastName ienteemal Seach Clear Suide i Client n l Created Client Email Connected To No results Voyant Adviser 3 2 58 r16015 Network Status CONNECTED click to check connection 1 Click the New Client button to start work ona new client file Let s create your first client file in this case for the Campbells Woyant Adviser 3 2 58 r16015 VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Enter the Basics Ayan t The plan creation wizard will guide you through a quick five step questionnaire setting the plan s start date and gathering the basics about your client your client s spouse or partner children other dependants and any other individuals that might be considered in the plan Your client s current retirement status will also be recorded yant Plan Start Date Plan Start Date Enter the date your plan should start O Today Set Date Flan Date loa 01 2012 dd mm yyyy Select a Start Date First consider the Start Date of the plan The Campbells sub
15. Detailed Where did the colour guide go After switching to the Detailed view F Age 63 I Total Assets _ Alex s Cash E Cash ISA John s Cash John s GPP s Julia s Cash I Julia s GPP E Martina s Cash Detailed Info Chart Controls 56 60 55 57 Simulations Loss Capacity 136 853 386 513 113 845 64 66 68 70 72 74 76 78 80 62 64 86 88 90 61 63 65 67 69 71 is 75 v7 79 81 83 85 87 59 Edit Time J Historic manae 5 E l you may notice that the chart panel at the bottom of the screen goes E Total Assets 2290 974 blank It no longer displays a guide to the colour coded information in Alex s Cash ae i ae l W Cash sA 136 853 the chart above This is intentional When viewing the chart in its basic biel dash E385 513 view there are finite predefined number of colour categories whereas 1 E John s GPP PEI BB Julia s Cash 113 645 in the detailed view each colour represents an individual asset Your BB Julia s GPP client s case could contain any number of assets and there is a limited E Martina s Cash f Detailed Info Chart Controls amount of space to identify them in the chart panel To view what these _ colours represent click any bar of the chart above ad view the details in the chart legend 11 bottom of the screen to revert to a view of the charts in basic broader categories 12 VOYANT ADVISER Deselect the Detailed check box in the chart panel near the
16. Julia 2035 Age 60 E Mortality Julia The line graph at the bottom of the screen will adjust presenting a general illustration of how the income will grow and when it will end 7 Click the Add button Julia s income now appears in the ledger located on the right side of the screen and the growth trajectory of the income is shown in the line graph at the bottom of the screen Sort Christie Kiel John 125 000 m D Pre Petrement Retirement VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant rensions INVESTMENTS ME PENSIONS Let s continue by filling in the details of John and Julia s pensions Both participate in Money Purchase employer sponsored money purchases i Drawdown Pension 1 Select Pensions gt Money Purchase in the left navigation Final Salary Annuity state Pensions John s Employer Sponsored Pension PROPERTY ASSETS John makes regular contributions from his income into a group personal pension These DEBT contributions are being matched by his company John plans to contribute 8 of his salary to this pension His company in turn matches 100 of his pension contributions and would potentially match contribu
17. Retirement Pre K enreMment i i 46 4 52 54 56 536 60 6 Now that the event is on the timeline left click on it again and drag and drop it over age 52 The names of these events are only suggestions and can be easily changed once an event is added to the timeline 7 Double click on the name of the Mid Life Crisis event The event label will Mid Life Crisis John become editable 8 Enter John s Sports Car Pre H etirement 9 Press Enter on your keyboard to save this change We will use this event ina moment to schedule the purchase of this sports car as a future one off expense VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE iveyant Timing Events vs Stages The timeline is divided into two stages both bounded by events Events and stages will be used throughout the plan for timing to schedule when expenses account contributions incomes pensions and protection policies are to begin and in some cases end Events can also be used to schedule the liquidation of assets Which is more convenient to use As a rule events are much more flexible than stages since they can be easily moved up or down the timeline to reschedule the timing and duration of items in a plan provided that the event is not being used as Stage boundary Stage boundary events are noted with perforated boxes Stages by contrast are discrete periods of time that cannot ove
18. annual cost of the Campbell s holidays at the beginning of the plan Milestone Expenses Our final entry will be a one off milestone expense John is anticipating his own mid life Wh expenses crisis At age 52 he plans to celebrate this milestone in style with the purchase of his Basics dream car a Porsche Caymen currently valued at 47 000 For such a hypothetical future A purchase we would in most cases explore its feasibility first in a what if scenario But a John is resolute so we will include his aspiration in the Campbell s Base Plan T Wilestones 1 To enter this expense select Expenses gt Milestones in the left navigation Legacy 2 People First check the People panel located on the right side of the screen Checkmarks will indicate that the expense is incurred jointly by John and Julia This is only John s expense 3 Deselect the checkmark next to Julia s name Make the following entries and selections in the fields to the left side of the screen 4 Expense Name Enter Porsche Caymen P y ae ele Porsche Caymen e 5 Expense Amount Enter 47 000 Expense Amount 47 000 Applied Monthly Yearly 6 Applied Select Yearly indicating that this is an annual amount Do not over think the semantics of the Yearly option As a one off expense it will occur only once in the year John turns 52 VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voya
19. eee ee eee ee eee eee ee 9 Clients John and Julia Campbell scsscsssssssssssssscssessssesssscesssssssescnsssseseessasassesesssacaesesscseasaesesecscasassesecessescasassesecscasaeseseescasass 10 The Planning THMMCIIN CG ssscssicssnsiscnsicscdensdesddensiencSencdeveesweSsues sued cusiane GuaisSendSessleneSenassnaseslecssenssssaleusiaceseuedsuedewsdiudseudsesse 12 Preferences A Quick Check for Matching Default Settings ccccccccscccscccsccccscccccccssccsscccsccssccscceees I5 An Important Note About the NUMbEerS sssesssesseessesssesseessesssesseesseessesssesseessesseesseesseoseesseesseoseeoseesseossesseesseosseoseeseesseessesserssees 16 Empioy ment INCOME cassssacesscnscssccsscisicesanssscadeesssescbasdesasesssnsesssasessicsseassssansenspeocasueanssansssnnseeossaeseunteoaiassbanssonsiasens 17 lohn s Employment oncxsaisscscscteriertviptenrvteceetarpserccenceactecssinpteietrariotg canes e aaa a aa Ea Ea E E A eer etiam I7 Julia SNEON eon A T E A tee A 19 E E E T E T OIAI SENS 20 John s Employer Sponsored Pension c ccssssssssssssssssssscsssscsssscsssscsssscsssscsssscassucsssscassscassucassscsessesessesesscsesseaesessesssssesassesssaesasseaees 20 Julias Employer Sponsored PenSiOn cscs sccinscessececs cece casesscuerscoecscetesteinssasresersnteraees acest EEE EEEE REE EE 2l Default Assumptions for Drawdown Retirement INCOME uu cecsssssssscececsesssecececesesecscecsesesecececseseseccscseseseescucseseeeeececsea
20. guide is the first in a series of step by step introductory tutorials to Voyant Adviser This course is intended to help new users begin building financial plans for their clients as quickly as possible Voyant Adviser is versatile software so loaded with powerful features that even well versed users might benefit from this training series as a refresher or as an introduction to capabilities they may have overlooked No prior knowledge of the software is needed to follow this tutorial nor does it require financial planning experience To follow this exercise all you will need is a computer an internet connection an active Voyant Adviser UK user account as either a trialist or subscriber an installed version of Voyant Adviser UK and a desire to learn more about how to create effective and fully interactive cases for your clients In our first tutorial we will show you how to create a new client case file from scratch In doing so we will introduce to you many of the key concepts and features of the software including the Let s See charts reports and the plan overview We also hope to demonstrate that creating new plans for your clients is far less daunting than it may first appear to be The structure of the guide is straightforward Step by step instructions are illustrated with screen shots of the software while sidebars offer additional insight to readers who are prepared delve a bit deeper into the details of Voyant Adviser By foll
21. into the software online so that your licence can be validated with the Voyant servers ivtyant Unable to connect with Voyant To continue in Offline Mode please enter your Offline Passcode below Username jtreehorni Preferences Activate Offline Mode Anytime After Installation Update Your Offline Passcode To view and update settings related to using Voyant offline 1 Click the Preferences link in the lower left corner of the software s navigation Preferences are arranged into a series of expandable panels 2 Expand the Application Preferences panel This panel includes settings to enable or disable offline mode My Account Preferences 3 Tick the Enable Offline Mode check box to allow POU ANME Nel oro eae the software to be used when an internet connection is unavailable 4 Enter an Offline Passcode of your choice 5 Reenter the passcode in the Confirm Passcode field 6 Click the Apply button to save these updates to the System Preferences VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Create a New Client Case File The Open Client Record Dialogue After opening Voyant and signing in the Open
22. of the planning timeline Based on the Campbell s current and planned 294U UUU 520 000 500 000 480 000 460 000 440 000 420 000 400 000 380 000 360 000 340 000 320 000 300 000 280 000 260 000 240 000 220 000 200 000 180 000 160 000 140 000 120 000 100 000 d 80 000 60 000 40 000 20 000 STAGES 40 AGES 37 Detailed 42 39 Dual Chart Base Plan Cash Flow Retirement 44 46 4 43 48 45 50 47 52 54 56 56 49 51 53 55 Simulations Loss Capacity 60 of 76 is 76 75 60 a 62 59 79 All Shortfall All Inflows Hide Basics Line Age 39 Total Expenses Basic Expenses E All inflows 84 51 Yr 2061 206 633 173 029 92 895 income savings and investments and spending habits they will not have E Expenses Shortfall 113 737 enough in liquid assets to cover all of their future expenses To savings Unallocated 2 Tick the Detailed checkbox in the chart 4a 45 42 39 44 44 Dual Chart FI ee Detailed 46 panel near the 43 bottom of the screen Expenses Shortfall Select Hone Hide Basics Line VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely fo
23. purple basics line represents their basic expenses or essentials exclusive of taxes We ve yet to enter the Campbell s basic expenses so at this point their only basic expense is their mortgage payment which the chart shows being paid off when the basics line drops down and off the chart Based on our entries their home mortgage will be paid off in 2029 decreasing their annual expenses considerably We can check these transactional details in the chart details panel z046uU UUU 520 000 Vy an t 500 000 480 000 480 000 440 000 420 000 PEOPLE Sith 380 000 360 000 340 000 EMPLOYMENT 320 000 Base Plan Cash Flow Detailed Client New Open Save Whatif Manage Plans Base Plan Active v RISK PROFILE TIME OTHER INCOME 300 000 280 000 260 000 240 000 INVESTMENTS 220 000 WINDFALLS SAVINGS PENSIONS 200 000 PROPERTY ASSETS 180 000 160 000 140 000 120 000 TAXES 100 000 EXPENSES 80 000 ESTATE PLANS pad 40 000 LET S see 20 000 j j j F a a ee ee ee ee ee ee ee ee ee e s a a s A 88 90 DEBT PROTECTION OVERVIEW STAGES es ae popan REPORTS AGES 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 34 86 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 oF 89 Single Chart Dual Chart Simulations Loss Capacity Real Money Edit Time v What If Cash Flow y Expenses Shortfall E
24. s GPP 45 000 Total 225 000 45 000 0 270 000 Property Home 525 000 Total 0 0 525 000 525 000 Endowments Total 0 0 0 0 Liabilities 0 0 430 000 430 000 Home Mortgage 430 000 Net Worth 240 000 60 000 95 000 395 000 Notes are also located on the Overview screen Annotate updates for a colleague to review insert a personal reminder into plan or take notes during a discussion with your client Notes Base Plan Chent Mare Alen Spouse Christine Allen Others Kate Oliver Type your notes here You may use some standard keyboard shortcuts including CTRL b to BOLD teat As you create or review a plan click the arrow button to pop out the notes screen into a separate window for quick access Text on the notes screen can be formatted in bold italics and underlined and a common set of Windows keyboard shortcuts are available for use when editing Notes can also be included in client reports by selecting the Plan Notes option on the Reports screen VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Reports Print PDF Word and Excel Format Reports ESTATE PLANS All of the Let s See charts overviews and account specific tr
25. the Pensions Money Purchase John s GPP John 225 000 Julia s GPP Julia bes 45 000 Pensions Drawdown Pension USP John s GPP John USP Julia s GPP Julia details of the Let s See charts For example a future unsecured pension that will be funded later in the plan will be shown in the Overview to have an initial balance of 0 Future IS S expenses are an exception John s milestone expense the future purchase of a Porsche Caymen will show the initial amount of the expense once it becomes active in the plan VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Ayan Additional overviews are available including the year by year balance sheet and income vs expenditures overviews the asset allocation overview and immediate and long term IHT legacy overviews for estate planning Overview Balance Sheet Income ys Expenditures Notes Balance Sheet Base Plan Year 2012 Client John Campbell Spouse Julia Campbell John Julia Family Total Assets 240 000 60 000 525 000 825 000 Investments Stock Market ISA 15 000 Total 15 000 0 0 15 000 Savings Cash ISA 15 000 Total 0 15 000 0 15 000 Pensions John s GPP 225 000 Julia
26. to details about the future drawdown which are found on the Pensions gt Drawdown Pension screen Additional settings are available for the drawdown on this screen including drawdown income options settings to schedule the future amp John s G PP John 225 000 annuitisation of the drawdown if desired b USP John s cpp o Julia s Employer Sponsored Pension Next enter the details of Julia s money purchase Julia makes regular contributions from her salary into a group personal pension These contributions are matched by her employer Julia plans to contribute 8 of her income annually Her employer in turn matches 100 of her contributions Her employer will match up to a maximum of 8 of her annual salary Unlike John Julia is already taking full advantage of her employer s matching contribution programme VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Ayan t 1 People First go to the People panel located on the right side of the screen Select Julia as the owner of the money purchase A check mark will appear next to her name Enter the following details about Julia s pension and schedule her future contributions to it 2 Type Select Group P
27. which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant INVESTMENTS State Pension Benefits ft PENSIONS John and Julia have provided their current pension estimates from the Pension Service eS atest ar Drawdown Pension 1 To enter their future benefits select Pensions gt State Pensions in the left navigation Final Salary Annuity John s State Pension Benefit State Pensions PROPERTY ASSETS John s current state pension estimate is 5 044 per annum He plans to begin taking these benefits at the normal benefit age which is currently 67 DEBT 2 People Check the People panel located on the right side of the screen As the primary client John is already selected by default Make the following entries and selections in the fields to the left 3 Start Age Enter 67 to indicate that John s benefits will commence at the normal benefits age Start Age Basic State Pension 4 Basic State Pension Amount Enter 5 044 addii Dependent Spouse Addition Do Dependent Child Addition O 5 Click Add The pension benefit will be shown in the ledger located on the right Se yee SCC ORN NE A ENE AAAA A EE E E A Escalating State Pension Benefits Notice that the amount shown in the ledger is different from the estimate entered Guide Me Community State
28. 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Browser Specific Installation Tips Internet Explorer Depending on your browser s security settings Internet Explorer may initially block the installation of Voyant Adviser A security warning will display beneath the navigation tabs of the browser Click this warning message and select Download File if you wish to continue with the installation of Voyant Adviser Se https wew planwithvoyant co uk voyant main launchinto appLauncher 502 7 false isAppletLaunch false amp controllerPathPre pey O O O i ip Favorites se Suggested Sites Web Slice Gallery oo e ag kai Download File What s the Risk Information Bar Help ngdom Home Plan My Subscription Users Clients Launching Voyant Java Web Start Application Opening InstallVoyant jnip Mozilla Firefox You hawe chosen to open Firefox will prompt you with two E Imctall Voyant jal installation options to download the whichis JNLP File installation file for Voyant Adviser from https www planwithvoyant co uk Install Voyant jnlp or to open it using Java What should Firef
29. 5 000 He plans to continue making annual contributions of 6 000 until he retires Like Julia he is not maximising EE his allowable ISA contributions and might consider saving more This is a strategy to consider later as we begin to explore the possibilities in what if planning scenarios Buea ae 1 People First check the People panel located on the right side of the screen As the primary client John is already selected as the account owner loin v b gt Julia Make the following entries and selections in the fields to the left side of the screen Alex 2 Type Select Stock Market ISA 3 Name Enter Stock Market ISA EA Stock Market ISA i 4 Balance Enter 15 000 LEUE stock Market ISA 5 Contribution Enter 6 000 which is an annual contribution itune 15 000 amount Contribution aes OT a Purchase Value 6 Time Go to the Time panel located on the right side of the screen Selections on this pan el will be used to set the time span over which the contributions are to be made to the account 7 Select the Event tab John plans to make contributions into his ISA until he retires 8 Select a start event John will be making contributions into his ISA from the start of the plan Indicate this by selecting the Start event A green dot will appear next to this event indicating that contributions will begin in the first year of the plan MM John s Sports Car John A E Retirement
30. 7 Planned Withdrawals 364 220 IB Tax Credit 5 245 A colour coded view of the charts will display presenting the g Estate Credit gt To Savil 33 263 various income sources that comprise the cash flow These include rs Unallocated 45 927 income from employment unsecured pensions annuities and state Detailed Info Chart Controls pension benefits a SUC A Zom 480 000 Client New Open Save 460 000 Whatif Manage Plans 440 000 Base Plan Active Mal 420 000 400 000 380 000 360 000 TIME 340 000 Be ii Employment E EMPLOYMENT 320 000 State Pensions OTHER INCOME 300 000 Drawdown Pensions 80 857 280 000 Planned Withdrawals 364 220 W A Q WINDFALLS 260 000 Ml Tax Credit 5 245 I Estate Credit SAVINGS 240 000 To Savings 373 583 INVESTMENTS 220 000 Unallocated 45 927 PENSIONS 200 000 Detailed Info Chart Controls 180 000 160 000 DEBT 140 000 PROTECTION 120 000 TAXES 100 000 80 000 EXPENSES 60 000 ESTATE PLANS 40 000 a in LET S see ee eg C 2 ags 2 M BB 52 54 56 58 60 62 64 66 68 70 72 74 76 7B 82 84 3 8 J REPORTS 37 39 NM 43 4 amp 5 47 4 5 5 55 57 59 61 63 65 67 69 WM 7 7 7 7B 81 83 85 89 Single Chart Dual Chart Simulations Loss Capacity Real Money Edit Time v What If Cash Flow y Expenses Shortfall Employment Tax Credit Detailed w State Pensions Estate Credit Base Plan Cash Fl
31. 70 SAVINGS 1 170 000 INVESTMENTS pas m Ei PENSIONS p00 000 Detailed Info Chart Controls reer 810 000 PROPERTY ASSETS 720 000 DEBT 630 000 7 540 000 PROTECTION a tn TAXES 360 000 ig AETAT 270 000 l EXPENSES 180 000 ESTATE PLANS 90 000 Ll E assess eeeee LET S SEE Ee STAGES a AGES i 42 44 46 46 50 52 54 56 58 60 62 64 66 68 OVERVIEW 39 41 43 45 47 49 51 53 59 T 59 61 63 65 REPORTS Single Chart Dual Chart Simulations Loss Capacity Detailed Info Chart Controls es Sr 72 74 76 76 60 62 84 66 86 90 69 71 73 75 77 79 51 53 65 oF 59 Real Money Edit Time v What If Assets Non Liquid Assets w Savings d cael Pensions E Investments Preferences Help A third assets chart Liquid Assets simply omits illiquid assets items entered on the Property Assets screen from view tracking only the client s liquid assets Note that money purchases are included in this chart as they will become liquid once in draw down or when annuitised Since we haven t entered any properties into the plan yet the Liquid Assets and Assets By Type charts will be identical for now 13 Click the chart selection menu and select the Cash Flow chart 14 Click the Back link in the top left corner of the charts to return to the Investments screen or click Investments in the left navigation ZAJ WILL axes Liquid Assets H Ease Base Plan Cash Flow Wi Detailed Pensio
32. Active v PEOPLE RISK PROFILE TIME I Total Taxes 76 257 A J EMPLOYMENT E income Taxes 61 262 zimiz Worth E Capital Gains Taxes E Estate Taxes WINDFALLS I Dividend Taxes Additional Taxes OTHER INCOME 14 994 SAVINGS INVESTMENTS Detailed Info Chart Controls PENSIONS PROPERTY ASSETS DEBT PROTECTION TAXES EXPENSES 10 000 ESTATE PLANS LET S SEE Era CC STAGES Meher Ge ement OVERVIEW AGES 40 42 44 46 46 50 52 54 56 58 60 62 64 66 66 70 72 74 76 76 60 62 84 56 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 i 79 81 53 Dual Chart Simulations Loss Capacity Detailed Capital Gains Taxes B Other Taxes REPORTS Dividend Taxes Preferences Help 15 To track the Campbell s future net worth click the chart selection menu in the lower left section of the charts panel and select Net Worth ODO O O 3 080 000 yant r 2 860 000 2 750 000 menenesny 2 640 000 O 4 What if Manage Plans 2 530 000 2 310 000 2 200 000 RISK PROFILE 2 090 000 Base Plan Net Worth Detailed PEOPLE 88 90 85 oF Fae 1 980 000 i Nik am 1 870 000 ae ee ve EMPLOYMENT E Total Debts 1 760 000 l Secured OTHER INCOME 1 650 000 A Unsecured WINDFALLS 1 540 000 I Total Assets 2 847 236 a 1 430 000 1 Non Liquid 860 274 SAVINGS 1 320 000 Hi investment Assets 1 986 963 2 847
33. John E Retirement Julia John as the end event A red dot will appear next to this event indicating Retirement John 2032 Age 60 9 John will continue to make contributions until he retires Select Retirement that contributions to the ISA will end when John retires WE Mortality John The line graph at the bottom of the screen will adjust presenting the general growth trajectory of the ISA This is only a general illustration of how the ISA will be modelled 10 Click Add John s ISA will be shown in the ledger on the right side of the screen displaying the initial balance on deposit at the beginning of the plan VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document vyan Let s See Track Savings and Investments in the Cash Flow and Assets Charts Let s revisit the charts to check our progress 1 Click the Let s See button in the lower centre section of the screen or in the left navigation ESTATE PLANS 9 Next See LET S See your plan on the chart OVERVIEW The Let s See charts screen will display showing the Cash Flow chart The chart will appear virtually unchanged since our last viewing Savings and investments will only display as inflows whe
34. LANS 40 000 ETT ETE de rE LET S seef ORA SD re ee a ce T s es _ re OVERVIEW TOO i ages 40 42 A 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 8 8 Q REPORTS 37 39 4 483 45 4 amp 4 4 5 55 5 59 63 65 67 69 1 73 75 7 7 amp 1 83 85 87 e Chart Dual Chart Simulations Loss Capacity Real Money Edit Time Historic v What If Cash Flow ia Expenses Shortfall Employment Tax Credit v Detailed ce State Pensions Estate Credit Select None ra Drawdown Pensions Hide Basics Line E Planned Withdrawals Preferences Help VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant When the Cash Flow chart is viewed in the Detailed view inflows from savings and investments are colour coded as shown below Dual Chart Compare Plans Simulations Loss Capacity Cash Flow ye Exper Employment i Drawdown Pensions Detailed Other Income Planned Withdrawals Asset Liquidation t Select None State Pensions Yield Dividends and Interest Tax Credit Estate Credit Hide Basics Line Annuity Savings and Investments Planned Withdrawals are displayed in pink Other kinds of withdrawals from Savings and Investments are shown in gold These may in
35. R FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document
36. The timeline can be edited by dragging and dropping events onto it and then repositioning them which will change the timing and duration of items within the plan that are tied to these events For example John and Julia s retirement ages could be changed by moving their Retirement events up or down the timeline Let s leave these events in place for now 55 Future Ages and Years on the Retirement John Timeline Axis pr rar EN EF Retiremeret Notice the numbers along the axis of the timeline These are John s future ages His ages are shown because he is the owner of the selected event If one were to select an event owned by Julia her future ages would be shown To illustrate how events are added to the timeline and used to schedule items in E E E T the plan let s drag and drop an event to indicate that during an impending mid owne aonar Is e elecdedior life crisis John will purchase a sports car at age 52 the event in the Events palette above two digit future years will 2 John will be the owner of this new instead be displayed event As the primary client his name is First select an owner already selected by default in the Events John palette at the top of the screen _ Alex Martina 4 To the right of the Events palette are a variety of event icons that can be selected and dropped onto the timeline below Locate the Mid Life Crisis event icon Special Events for Scenario Build
37. Type Estate and Inheritance Overview Assets Detailed Liquid Assets Simple Account Details Indude Real Money Charts VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Ayan t PDF Word and Excel and file formats can be selected Create Report Files FDF Word Excel individually or all reports can be output in all three formats Of these three file formats select in the Open Report File drop down list the one in which the report will be opened for viewing once generated You may set the software to automatically Open the Reports Output Directory once a report has been generated When selected the software will display the output directory and its contents making it easy to attach reports to an e mail or select and insert charts and graphs into a presentation Click Generate to create the report Open Report Output Folder ves No The reports will be created and saved to your computer Downloading and Storing Reports Reports and images are downloaded and updated whenever reports are generated Before reports are created you will receive a onetime prompt to select a reports base directory the master folder in which reports and im
38. VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Default Assumptions for Drawdown Retirement Income Before continuing to State Pension benefits let s take a moment to discuss the software s default assumptions for retirement income from money purchases Voyant is designed to allow you to create a robust plan in a matter of minutes without delving into the advanced settings Retirement income is set initially to a basic drawdown scenario used by many advisors before exploring alternative options such as annuitisation or phased drawdowns You can view these default settings on the Money Purchase T WITHDRAWALS amp ANNUITY screen s Withdrawals amp Annuity gt Drawdown Strategy rzi Drawdown Strategy Drawdown Pensions USFI Ce Annu ity 1 Money purchases are set by default to crystallise in ADVANCED SETTINGS Drawdown Pensions USP panel whole at the owner s Retirement event with 25 of the funds being taken in lump sum as tax free cash Drawdown Strategy Drawdown Pensions USP Crystallisation Retirement John Ww Fercent Used Tax Free Cash ra a a Drawdown Pension Details Add Costallisationt Start Income Retirement Hoh
39. ages will be stored This directory is saved in Preferences and can be changed later if necessary more about how to edit this preference in a moment Note We generally recommend that you chose a folder on a local drive e g C Voyant Reports Windows Vista users should be sure to select a folder location other than their desktops Security prompts which are ubiquitous in Windows Vista have been known to sometime interfere with the download of reports and images to desktop folders Where are Reports and Images Stored Inside the reports directory reports and images are downloaded and stored in client and plan specific subfolders Client folders are named using the primary client s surname forename For example a report generated for client John Campbell s July Plan a scenario within his case file would be stored in the C Voyant Reports Campbell John July plan directory Each plan specific folder will contain time stamped PDF format reports time stamps indicating when each report was generated and a complete set of images which will always be from the most recent report generated VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Whenever reports are regenera
40. alistic eee amp Home John Julia a projection of what proceeds ES TT might be realised from the sale of the property Since the debt is linked to a property the Campbell s home there is no need to select a start event for it Notice that the Time panel is now greyed out The debt has inherited its timing from the linked property meaning that whenever this property is af BB Pre Retirement a Retirement N liquidated if any balance remains due on the debt proceeds from the sale will be applied first to paying off of the balance of the linked debt If you were entering an unsecured debt a start event would need to be selected for on the Time panel to indicate when the debt is to become active in the plan Multiple mortgages could be entered and linked to a single property if necessary 12 Click Add The mortgage will be shown in the ledger on the right side of the screen displaying the balance due on this debt at the beginning of the plan A link icon is shown next to the debt indicating items in the plan are linked to this property VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Linked Debt Payment Expenses How to Adjust Fu
41. ansactions from the Campbell s plan can be output into reports with the click of a button Reports are sacle eri selected and generated from the Reports screen OVERVIEW REPORTS k Voyant Adviser outputs financial plans in four convenient file formats w a Word Flexible Microsoft Word format reports can be edited so you can create personalised reports for your clients by adding your own content and supporting information or easily transfer the contents into your firm s templates PDF Fully formatted and browser friendly our Portable Document Format PDF report is an internet standard which can be read or printed on any computer with the free Adobe Acrobat Reader Excel The numbers and other tabular data are available in Microsoft Excel spreadsheets for easy editing and calculations uh Images Charts and graphs are also conveniently output as individual image files that can be easily inserted into PowerPoint presentations or other report templates Reports are modular Sections are selected for inclusion in the output document by using either the transfer arrows or by dragging and dropping the desired sections from the left window to the right These sections can be rearranged in any order that suits your presentation style Moreover this ordering can be saved into reusable reports sets Available Reports Selected Reports Cash Flow Simple Cash Flow De tads Debts Assets By Tax
42. be viewed on the Voyant UK YouTube channel VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Clients John and Julia Campbell Enter the details about the Campbell family The name of the first client you enter will appear later as the name of the client case file John Campbell About You 1 First Name Last Name Enter John Campbell Enter information about yourself 2 Gender Select Male 3 Date of Birth Enter 11 07 1972 John s current age will be lect Name A Gender Male O Female 4 John and Julia are married Select Married 11 lalz 1972 di mm yyyy Current Age 40 5 Click Update amp Next Are you C Single Married Julia Campbell Populating the People Panel ve as n As you make these entries notice how 1 First Name Last Name Enter Julia Campbell they are being used to populate the 2 Date of Birth Enter 06 10 1975 Julia s current age will be People panel on the right side of the displayed screen You will later use this panel to identify the ownership of items within 3 Gender Select Female the plan 4 Click Update amp Next Partner Spouse Enter information about your Spouse or partner
43. benefit age an option will display Receive Deferred Benefits as Lump Sum 3 Tick the Receive Deferred Benefits as Lump Sum check box to indicate that Julia wants to take her deferred benefit ee a Aa ee es a Receive Deferred Benefits as Lump Sum E in lump sum If this option were left unticked her future Leap Sum Ammam Foe pension payments would be increased accordingly BASIC STATE PENSION 4 Basic State Pension Amount Enter 5 044 Amount Dependent Spouse Addition OO Her estimated Lump Sum Benefit Amount will be displayed Dependent Child Addition above 5 Click Add The pension benefit will be shown in the ledger located on the right side of the screen This future benefit estimate will be escalated by the National Average Earnings index VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Let s See Track Future Employment and Retirement Income in the Cash Flow Chart Let s view the Campbell s plan in progress as we build it in the Let s See charts We will visit the charts occasionally during this tutorial to place your entries in context with the larger plan and to introduce the workings of the Let s See screen These detours are not norma
44. ccurately as possible The results shown in this guide were generated when the tutorial was written Even with matching preferences and duplicate entries future changes to tax code and pension rules and subsequent updates to the software may result discrepancies between the results shown in your test client case and those illustrated in this guide VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Employment Income Let s continue by filling in the details from our interview with John and Julia beginning with their incomes 1 Select Employment in the left navigation On this screen you will enter the details of the Campbell s employment including salary wages commissions and bonuses and employer sponsored pensions John s Employment John is an employee of Christie Kiel a privately owned architectural firm 2 People First check the People panel located on the right side of the screen As the primary client John is already selected the income earner Make the following entries and selections in the fields to the left 3 Income Source Select Employed 4 Income Source Name Enter Christie Kiel 5 Salary Enter 125 000 John s gross annual salary before pension
45. client cases are built tick the same setting in the Calculation Settings panel to the left in System Preferences This setting applies only to habitual income Other lump sum inflows including net gains from the liquidation of properties tax free cash and lump sum survivor benefits from pensions payouts from term and whole life policies credits from loans such as mortgages and windfalls will always be transferred Calculation Settings into dedicated cash accounts if left unspent VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Alle yan t Tax Credits and Taxes Withheld at Source 4 Click the Detailed check box at the bottom of the charts in the charts panel You might be curious about inflows shown from tax credits Refunds are often caused by taxes sve withheld at source on the interest earned on 42 44 46 46 39 41 435 45 Dual Chart Compare Plans Cash Flow gt ii Expenses Shortfall Savings and unwrapped investments These withholdings will be refunded as a tax credit in the subsequent year of the plan if the owner s taxable Detaled income is below his or her personal allowance Select None 65 020 State Pensions Drawdown Pensions 60 85
46. clude ad hoc withdrawals taken by the software to pay expenses and transfers between accounts If interest yield and divided yield are set to be taken as income not E Unsecured Pensions E Planned Withdrawals 85 090 E viek Dividends an 9 594 _ Savings and Invest 852 W Tax Credit E842 B Estate Credit To Savings 85 090 Unallocated 10 435 Detailed Info Chart Controls reinvested these inflows will also be shown in the charts in the teal Yield Dividends and Interest category 2 Click on the bar year of the chart when John will be 75 and Julia 72 The chart legend will display 3 Click the Detailed Info link at the bottom of the chart legend 4 Click the Investments tab to view the balances of the Campbell s savings and investments Ml State Pensions 28 386 Drawdown Pensions 94 470 B Planned Withdrawals E Tax Credit W Estate Credit To Savings Unallocated 17 5f4 Detailed Info Chart Controls h Year 2047 Age 75 Ea Scheduled Unsched Withdrawals An End of Year balance will Base Plan TE ETE EE T Expenses Pensions Property Debts Protection Taxes Any interest or dividends End of Year Growth Contributions i Owner s Balance Rate earned during the year will be Ju a 194 051 2 5 shown beneath the end of Int 5 387 3 year total Stock Market ISA 595 626 3 5 9 John s Cash 490 192 Int 12 015 Tax 2 403 Julia s Cash Julia 18 TOA I
47. d to its original state lect im Drawdown Pensions Planned Withdrawals 8 Click any bar year of the cash flow chart The chart legend will display P F Yr 2021 9 Click the Detailed Info link to view the details panel All inflows 715 136 B Expenses Shortfall 10 Select the Expenses tab Basic Expenses 100 441 Hi Employment 710 068 B State Pensions A complete list of categorised expenses including taxes will be I Drawdown Pensions shown for the selected year together with contributions to pensions E Planned Withdrawals Detailed Info Chart Controls savings and investments which are shown in the Other category k b Base Plan Year 2022 Age 50 Ea Investments Pensions Property Debts Protection Taxes Value Amount Change Category Home Mortgage payment John Julia General Living Expenses John Julia 66 052 Holidays John Julia 12 801 Income Tax on Christie Kiel John 56 774 National Insurance Tax on Nurse Julia 4 45T Income Tax on Nurse Julia T 056 Contribution to John s GPP John 10 751 Contribution to Julia s GPP Julia 3 096 to Cash ISA Julia 3 500 Contribution to Stock Market ISA John 6 000 Total 214 788 0 Previous Year 710 599 0 Difference from Previous Year 1 99 T Simple Reset Size VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privile
48. ded and displayed in the bottom left corner of the browser window 2 Click this downloaded installation file to begin installing the software VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document ivtyant Getting Started Launch Voyant Adviser Voyant Adviser runs locally from your computer much like a desktop application although it really isn t one strictly speaking The software is actually Rich Internet Application RIA Once you have installed Voyant Adviser there is no need to log into our website to run it In fact doing so will reinstall the software Reinstallation can be convenient if you ever have problems launching it but this is usually unnecessary 1 Open Voyant Adviser by clicking the desktop link If you are using a Windows User Names Passwords and Login computer an additional link to Voyant Assistance Adviser is available in the Start menu gt These are the same credentials you chose All Programs gt Voyant Adviser UK when registering on our website www planwithvoyant co uk 2 Signinto the software using your user name and password If you are unable to recall your credentials click Password Help to use our web
49. deposits to pensions savings and investments and unallocated funds Unallocated funds are inflows that are neither spent nor saved This surplus income is assumed spent unless the software is set to save all surplus income E Total m5 see below Basic Expenses E All inflows WB Expenses Shortfall YG To lock the legend in place on a particular year click the thumbtack button Even when locked you can still move To Savings Unallocated from year to year by clicking the bars of the chart Detailed Info Chart Controls Surplus Income How to Set Unallocated Income to be Saved Voyant is preset to assume that one s spending will rise to meet one s income Parkinson s Corollary Income that is not being spent on taxes and other expenses saved or invested is assumed spent Although this is the software s default Voyant can be easily reconfigured to deposit all unallocated income into the owner s default cash account e g John s Cash where it will either remain until needed to supplement income or be re deposited into savings and investments If you want to change this setting click the Preferences link in the bottom left corner of the screen In Plan Preferences on the right side of the screen expand the Calculation Settings panel and tick Transfer Excess Income Credits to Savings Click the Apply button bottom right to save this change If you would prefer this to be the software s ongoing default as new
50. e 9 Applied Select Yearly whenever a debt is entered into a plan This expense is found on Based on this payment schedule the number of years to payoff will be the Expenses gt Basics screen calculated and displayed The line graph at the bottom of the screen will also illustrate the gradual pay down of this debt Balance Interest Rate interest Only Payment Amount or Years Applied Monthly Yearly Actual Years To Payoff VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant 10 Asset Click the dropdown list and select Home John Julia or Years Applied Monthly Yearly Actual Years To Payoff Why Link a Mortgage to a Property gt ADVANCED SETTINGS RETR ci sset to unink from the debt Linking establishes a connection between the property and mortgage When a property is 11 Click the Link Unlink button A link icon will appear in the list above sold the software will use the next to Home John Julia This link indicates that the property is linked to the debt siete proceeds first to pay off or at least pay down and remaining balance due on any linked debts Actual Years To Payoff providing a more re
51. e indicating that this car purchase is a one off expense Pre Petirement Fetiremerit 10 Click Add The newly added expense will be shown in the ledger on the right side of the screen displaying the cost of the Sort John s sports car in its present value at beginning of the plan This future purchase will be inflated using settings founds in Advanced Settings on the Inflation panel VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Let s See View Future Expenses and Plan Results in the Charts The Campbell case file is now complete Let s view the results 1 Click the Let s See button in the lower centre section of the screen The Let s See charts screen will display showing the Cash Flow chart This chart has changed noticeably since we last yant Client New Open Save S What IF Manage Plans PEOPLE RISK PROFILE TIME EMPLOYMENT OTHER INCOME WINDFALLS SAVINGS INVESTMENTS PENSIONS PROPERTY ASSETS DEBT PROTECTION TAXES EXPENSES ESTATE PLANS LET S seef OVERVIEW REPORTS The chart is also no longer the sea of blue that was shown earlier A rather ominous red shortfall has also crept into their planning horizon near the end
52. e Voyant Adviser Offline Set Up Offline Synchronisation Choose an Offline Passcode As a Rich Internet Application RIA Voyant Adviser normally operates using a live internet connection But the software can also be run in offline mode when no internet connection is available Travelling to visit a client Take Voyant Adviser on a laptop and use the software to create present or update a financial plan regardless of internet availability After downloading and first opening Voyant Adviser you will be asked whether you want to have access to client files when running the software offline 1 Select Yes if you plan to use Voyant Adviser Offline Synchronization to access client information at least Would you like to setup your account to access portfolios when you Becasional ly watheoiline mode are nok connected to the internet Yes No 2 Click Next Enter an Offline Passcode As an additional security precaution an offline passcode password is used to encrypt client files and authenticate user credentials when Offline Encryption Voyant Adviser is used offline In order to safely encrypt your files on this computer you must 3 Enter a passcode that is at least six create a passcode When launching Voyant while not connected to the internet you will be prompted to enter this passcode Offline Passcode Must be at least 6 characters long account password The code will be encrypted TEN PEE and stored safel
53. e file These comments are displayed when viewing Save Client Campbell John Comments Test Plan for The Campbells the version history of a client file The version history of a client case can be viewed by clicking Manage Plans in the top left corner of the screen The Plan Management dialogue will display Click the View Versions button to view the Version Management dialogue When a version is selected any comments attached to that version will be shown VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Next Steps General Overview Checking Your Entries LET S see To double check all of your inputs visit the General Overview screen P overview Select Overview gt General in the left navigation General Legacy The General Overview presents a summary of the inputs used to create the plan in E view These inputs may include events income savings investments pensions REPORTS property assets protection policies debts and expenses Overview Income ys Expenditures Overview Base Plan Client John Campbell Spouse Julia Campbell Others Alex Martina Events Pensions Money Purchase Start 2012 John s GPP John 225 000 J
54. e ledger on the right side of the screen taken later once the planning indicating the initial balance on deposit at the beginning of the plan forecast is calculated The actual growth of the account and withdrawals will be tracked and can be viewed in a moment on the Let s See charts once we complete these Sort entries John s Cash John fo Julia s Cash Julia 2 2eeeeeeeeeneceeeceeeeeees 330 e O eee eee eee ne eeeneeneneeneneenennenes Default Cash Accounts Notice the cash accounts on the Alex s Cash Alex 0 Savings screen Julia s Cash for Martina s Cash Martina example The plan shows will show cash accounts for John Julia Alex and Martina each with an initial balance of zero These are special default cash accounts created by the software They are intended to 12 Click the Next button to go to the Investments screen receive surplus income and credits based on the earner owner that are not otherwise being spent deposited into savings invested or contributed Proceed to the next screen to pensions VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Investments John has a stock market ISA with funds on deposit of 2
55. e need line a surplus is forecast for the year VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document OVERVIEW k E 3 s a s a e a 66 86 90 83 65 oF ivtyant Projected shortfalls will later be illustrated in red but for now the chart is a sea of blue because this is a plan in progress We have yet to enter any expenses to weigh against income The only expenses from the outset of the plan are taxes on income The need line is at this point comprised only of taxes and the Campbell s pension contributions 2 Gold markers indicate events from the timeline Move your mouse over any one of these markers to view the events scheduled to occur in that year of 2032 the plan E Retirement John The numbers shown beneath these markers along the chart s horizontal axis are the future ages of the primary client John the first person entered into the plan and the plan s namesake with Julia s future ages shown on the second line 3 Click on the bar year of the chart when John will be 50 and Julia 47 The chart legend will display showing total expenses for the selected year all inflows total expense shortfall deposits to savings a total of
56. eeees 23 Sate Ponson BENGTS corsu T E E E reteset 24 Dine Stare PENSION Bene aaan EREE E EA EEA 24 lias otte Fenson Boniin E E E EA 25 Let s See Track Future Employment and Retirement Income in the Cash Flow Chart cccccsssses 26 VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document iveyant SAVINGS EEE AEE E E E EEE A E P E E E EE EE E E E TE E E IVe S Een S A T T TA ret TTT Let s See Track Savings and Investments in the Cash Flow and Assets Charts ssecssesssesssecsecssecssessee PPODEPLY AS ns BAS oi E E E E A E Linked Debt Payment Expenses How to Adjust Future Mortgage PayMenmt csssssssssssssssssssscscsssssesesseseseseseeseseeees 43 Let s See Track Properties and Debts in the Cash Flow Assets and Debts Charts cccccsccscsesees AE E E E E E E BIS ETO ee RE ENEE EEE TE EE E ee E E re EAE EE 49 Beure EO SE a E EAE EEE OEE E E EE E EE 50 Milestone Exp nS E a R E E E E E E E A TES 5 Let s See View Future Expenses and Plan Results in the Charts cccccssscssssccsssccsscccsscccsssccsscccssceeess Job Well Done Now Save Your WorK esccscseseseseccccecesesececscosesecececescoccseseceseseoecscsecesesesececseccsesesesesesesce
57. ere needed instead to meet expenses less would be deposited into the ISA A discrepancy would be shown between the planned and actual contribution Contributions are also categorised into scheduled and unscheduled deposits Scheduled Contributions are those planned by your client These might be regular annual savings or one off transfers Unscheduled Contributions are made by the software usually when lump sum inflows are left unallocated and are deposited automatically into the owner s default cash account e g John s Cash or re deposited swept from this default cash account into investments or savings For money purchases detailed on the panel s Pensions tab Unscheduled Contributions will show the basic rate relief of 20 that is applied at source to personal contributions made into most types of money purchases Employer contributions are also be included in this annual total of unscheduled contributions The Withdrawals column shows the total annual withdrawals taken from an account and will identify any limits placed on account withdrawals For example Limit 0 would indicate that no withdrawals are being allowed from the account Accounts are defaulted to allow for unlimited withdrawals Investment and savings account growth Average Total Growth Rate 3 7 rates are averaged and displayed as an N overall blended total the Average Total Growth Rate shown at the bottom of the Simple Reset Size panel 6 Click
58. ersonal Pension Type 3 Account Name Enter Julia s GPP E E ae Account Name A 4 Account Balance Enter 45 000 Account Balance Enu Annual Contribution Be or Em of Salary Employer Contribution Yes No 5 Annual Contribution Enter 8 Julia plans to contribute eight percent of her salary to this Matching of ind PUM Upto of Salary Ey Contracted Out Yes e No pension 6 Employer Contribution Select Yes to indicate that Julia s employer matches at least part of her pension contributions 7 Select Matching 8 of Ind Individual Contribution Enter 100 to indicate that one hundred percent of Julia s contributions are being matched by her employer 9 Up to of Salary Enter 8 to indicate that Julia s employer will match up to a maximum of 8 of her salary 10 Contracted Out Select No 11 Click Add Julia s money purchase will be shown in the ledger on the right side of the screen A link icon is shown next to Julia s pension indicating that there are items in the plan linked directly to her money purchase The software WB Start I John s Sports Car John Wl Retirement John Wi Retirement Julia WH Retirement I Mortality Julia has automatically created an unsecured pension drawdown pension to receive funds from the money purchase when it will be crystallised by default at Julia s retirement at her Retirement event
59. g any portion of the home s cost that was financed 8 Time Check the Time panel located on the right side of the screen Selections on this panel are used to set the time span over which the home will be owned and schedules the eventual sale or distribution of the property through the last surviving owner s estate Checkmarks on the panel s Stage Time Ownership and Liquidation tab will show the Pre Retirement Using Events and Retirement events as B Pre Retirement selected These default selections v B Retirement b assume that the home is owned The Event tab could be selected instead and different start or end events could be selected to purchase or sell the home at the beginning of the plan and will be held until the very end of the at different points during the planning planning timeline and liquidated at the last mortality event A 9 Leave these default selections in place The line graph at the bottom of the screen will adjust presenting the general growth trajectory of the home This is a general illustration that shows the appreciation of the home and its scheduled liquidation 10 Click Add The Campbell s home will be shown in the ledger on the right side of the screen displaying the property s value at the beginning of the plan VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confiden
60. gage payment John Julia 36 000 Basics Actual Payment Source s Income Tax on Nurse Julia 8 238 36 000 Christie Kiel John Employment to John s GPP John 12 036 r Te National Insurance Tax on Nurse Julia 5 226 6 Click the Property tab The value of the Campbell s home will be shown together with their equity in this property and the end of year balance on their mortgage the debt we linked to the property a few moments ago Base Plan Year 2026 Age 56 x Cash Flow Expenses Investments Pensions Debts Protection Taxes Name Owner Value Debts Equity Home John Julia 798 850 18 051 780 799 7 Click the Debts tab Scheduled and actual payments on the mortgage will be shown together with its end of year balance Base Plan Year 2028 Age 56 E Cash Flow Expenses Investments Pensions Property Protection Taxes oy Name Owner s cana Actual E case Rate Home htortgage John Julia 35 000 36 000 0 16 051 4 5 Yo Total 36 000 36 000 0 18 051 Previous Year 36 000 36 000 0 51 723 Yo Difference from Previous Year 65 1 VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document 8 Click Next in the bottom rig
61. ged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Base Plan Year 2022 Taxes are another category of Expenses Investments Pensions Property Debts Protection expense Overall Tax Summary i Income Tax Rates 20 40 45 11 Click the Taxes tab to Income Tax Brackets 45 900 213 500 view to view a worksheet Dividend Tax Rates 10 32 5 ae Re Capital Gains Allowance 15 690 detailing how the taxation Capital Gains Rate 18 28 expenses are derived for Total Taxes 67 749 John and Julia Taxes Already Paid 76 507 Total Unpaid Taxes 5 376 Personal Tax Summary John Gross Taxable Income 167 990 Expenses are also tracked Benefits In Kind separately from inflows in the siti E Income Relief 13 439 Expenses chart Final Salary Individual Contributions Tax Deductible Expenses 2 Click the chart selection ee 9 825 zl menu in the lower left Prev Simple Reset Size section of the charts panel located at the bottom of the screen Dual Chart Ca Cash Flow wyt E Cash Flow 13 Select Expenses The Expenses chart will be shown tracking expenses by category 320 000 a ryan t 300 000 ci nt new topen i save 280 000 S What If Manage Plans 260 000 Base Plan Active v PEOPLE Base Plan Expenses 240 000 RISK PROFILE La p Yr 2024 TIME 200 000 Expenses Tota
62. hat the default preferences in your version of the software match those that were used when this guide was written However even with matching preferences your results might be different from those shown in this tutorial For more information see an important note about the numbers 3 Click the Preferences link in the lower left corner of the screen in the left navigation 4 Go to the Plan Preferences on the right side of the screen Preferences are arranged into a series of expandable panels System Preferences Plan Preferences 5 Expand the Default Inflation Growth Rates panel and i j m Preferen left are the default settings verify that the settings on your computer match the syste eferences left g that the software will use from the outset following whenever a new client case file is created Plan Preferences Plan Preferences right show the settings that are being applied to the plan currently in view These Default Ages Gah Default Inflation Growth Rates fea preferences are plan specific and could be set differently in various what if planning scenarios If the defaults need to be changed within a client s plan be certain to make these updates in the Plan Preferences Preferences are Defaults Although preferences provide the defaults many of these settings including growth and inflation rates and account fees can still be modified for items individually within the plan
63. he People panel located on the right side of the screen Checkmarks will indicate that the expense is incurred jointly by John and Julia 2 Leave these default selections in place to indicate that these are John and Julia s combined holiday expenses Make the following entries and selections in the fields to the left side of the screen 3 Expense Name Enter Holidays 4 Expense Amount Enter 10 000 5 Applied Select Yearly indicating that this is an annual amount Expense Amount 10 000 Applied Monthly Yearly wiveyant rey An Ea A 2 b amp Home Mortgage payment J 36 000 3 Expense Categories Screens are available for the entry of Basics Leisure Luxury and Milestone expenses These screens are used primarily for categorisation There is no functional difference between these expense types But categorising expenses can be helpful to better distinguish different types of expenses in the software s interactive charts and reports Expenses are also fulfilled in this order with taxes which are calculated by the software coming first of all It is generally a good idea to treat Basics as your client s essentials and distinguish them from other types of expenses The Let s See cash flow chart will display a purple basics line which shows all of the expenses entered on the Basics screen as well as insurance premiums entered on the various Protecti
64. ht corner of the chart details panel or in the chart beneath the details panel click the bar year to the immediate right of the one currently selected the year John is to be 57 and Julia 54 2029 The Debts tab will show an end of year balance of 0 on the mortgage indicating that it has been paid off Base Plan Cash Flow Expenses Investments Pensions Property Name Owner s Home Mortgage John Julia Total Previous Year amp Difference from Previous Year 9 Click the Property tab wiveyant Simple Reset Size Year 2029 Protection Taxes Payment Actual Additional 7 Rate 18 863 18 863 0 pig 18 863 18 363 0 0 36 000 36 000 0 18 051 100 The debts held against this property are now 0 The Campbells now own their home outright Base Plan Cash Flow Expenses Investments Pensions Age 5 Debts Protection Taxes Home John Julia 10 Click the Simple link to close the chart details panel and return to the chart legend 11 Deselect the Detailed checkbox in the chart panel to return the charts to their basic view 12 Click the chart selection menu in the lower left section of the charts panel and select Assets By Type VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE 818 824 0 Value Debts Equity 818 824 Dual Chart Compare Pl All Shortfall E Detailed All Inflows All Sh
65. ing Second drag and drop an event icon into the Timeline Birth Se _ Crisis Travel Daycare Part Time Inheritance Celebration Remodel College House Start Business J wedding Mortality simulations Boat Other Retirement The icons on the far right side of the events palette are for special use in modelling scenarios such as disability early mortality and running major market loss To see a video on how create scenarios using replacement Mortality events visit the Voyant UK YouTube channel VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document 5 Left click on the Mid Life Crisis event the car icon and while continuing to press the left click button drag and drop the event above the timeline below A line will display to help guide you to the appropriate age year in the timeline below Release the drop the event anywhere above the timeline below Since John is selected as the owner of the event his future ages will be shown along the axis of the timeline below John anticipates that his mid life crisis will strike when he turns 52 and as a result he will be compelled to make a completely impulsive purchase a sports car Show Names Retirement
66. l 277 130 EMPLOYMENT Taxes 180 000 E Basics 105 396 OTHER INCOME _ Milestones 63 210 WINDFALLS 160 000 js W Leisure 13 449 Other 14 691 SAVINGS 140 000 INVESTMENTS 120 000 Detailed Info Chart Controls pS John s Sports J rE A aaa TTT TT Retirement PENSIONS 100 000 PROPERTY ASSETS DEBT 80 000 PROTECTION PUA gap AXES 40 000 EXPENSES ESTATE PLANS 20 000 LET S SEE Ta OES OVERVIEW AGES 40 42 44 46 46 50 52 54 56 56 60 62 64 66 66 70 72 74 76 76 60 62 64 66 86 90 elas 3 39 41 43 45 47 49 51 53 55 Sf 59 61 63 65 67 69 71 E 75 ae 79 51 83 65 oF 59 ar OEO ae EEE AEE ttle WWhatt Dual Chart Simulations Loss Capacity ee Be Leisure Basics E Other Milestones Preferences Help VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document WK 14 To track the Campbell s future tax liabilities by category click the chart selection menu in the lower left section of the charts panel and select Taxes The Taxes chart will be shown tracking taxes by category mm eee a Base Plan Taxes Detailed yant Client New Open Save O 4 What If Manage Plans Base Plan
67. lans to make contributions to her ISA until she retires WM Retirement E Mortality John 9 Select a start event Julia will be making contributions into her ISA from the B Mortality Julia start of the planning timeline Indicate this by selecting the Start event A E Mortality green dot will appear next to this event indicating that contributions will begin at this point in the timeline VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant 10 Julia plans to make contributions until she retires Select Retirement Julia as Time l l l Stage Event contributions to the ISA will end when she retires Wi Star the end event A red dot will appear next to her retirement event indicating that E John s Sports Car John WH Retirement John trajectory of the ISA Il Retirement Julia WH Retirement Retirement Julia 2035 Age 60 E Mortality Julia E Mortality The line graph at the bottom of the screen will adjust presenting the general growth Pre Retirement aa a The Line Graph The line graph presents a general 11 Click Add illustration The line graph does not illustrate withdrawals that may be Julia s cash ISA will be shown in th
68. ll be deselected leaving only a Expenses Shortfall Employment the red underlay of expenses in view This underlay l l B State Pensions represents the expenses and fulfilled contributions to Select None Drawdown Pensions pensions savi ngs and investments Hide Basics Line a Planned Withdrawals As one possible presentation technique the Campbell s future income could be overlaid onto the expenses category by category by ticking the expense Employment zi savings and Investments categories on the right side of the panel W State Pensions a LEE d iz Drawdown Pensions B ial Asset Liquidation 4 Tick Employment for example a Planned Withdrawals B Estate Credit 5 Next tick Savings and Investments 6 Follow this by ticking Drawdown Pensions and Planned Withdrawals The income will cover the red need beneath it If the need cannot be fully covered by income and liquid assets it will be exposed in the charts indicating in red a shortfall VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant 7 Click the Select All link in the chart panel to tick all of Expenses Shortfall Employment the inflow categories The cash flow chart will be P State Pensions returne
69. lly required when building plans Next Let s See ESTATE PLANS 1 Click the Let s See button in the lower centre LET S SEE section of the screen or in the left navigation yant Client New Open Save Minati Manage Plans PEOPLE RISK PROFILE TIME EMPLOYMENT OTHER INCOME WINDFALLS SAVINGS INVESTMENTS PENSIONS PROPERTY ASSETS DEBT PROTECTION AXES EXPENSES ESTATE PLANS LET S seef OVERVIEW REPORTS Preferences Help The blue bars on this chart represent annual inflows Back Pensions gt State Pensions 204 wUUU 520 000 500 000 480 000 460 000 440 000 420 000 400 000 380 000 360 000 340 000 320 000 300 000 280 000 260 000 240 000 220 000 200 000 180 000 160 000 140 000 120 000 100 000 80 000 60 000 40 000 20 000 Base Plan Cash Flow STAGES 40 42 44 46 46 50 52 54 56 37 39 41 43 45 47 49 51 53 Dual Chart WB Detailed AGES Simulations All Shortfall ea All Inflows Hide Basics Line k Retirement 56 60 62 64 66 66 70 72 74 76 76 60 62 64 55 57 59 61 63 65 67 69 71 73 75 a 79 51 SS EEE AEE Loss Capacity The black line running across the bars is the need line an annual watermark representing a total of expenses taxes and pension contributions together with any planned savings and investments that were fulfilled over the course each planning year When the blue bar surpasses th
70. ly tick the Detailed check box located Dural Chart Assets By Tax Type Detailed chart panel in the bottom section of the screen The Assets chart will to the detailed view VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document veyant 10 Click any year of the chart The chart legend will show a list of these colour coded assets with the valuation of each at the end of the selected yea 2 790 000 2 700 000 2 610 000 2 520 000 2 430 000 2 340 000 2 250 000 2 160 000 2 070 000 1 980 000 1 890 000 1 800 000 1 710 000 1 620 000 1 530 000 1 440 000 1 350 000 1 260 000 1 170 000 1 080 000 990 000 900 000 810 000 720 000 630 000 540 000 450 000 360 000 270 000 180 000 90 000 rs Retirement Base Plan Assets Detailed a Vryant Client New Open Save lt Whatif Manage Plans PEOPLE RISK PROFILE TIME EMPLOYMENT OTHER INCOME WINDFALLS SAVINGS INVESTMENTS PENSIONS PROPERTY ASSETS DEBT PROTECTION TAXES EXPENSES ESTATE PLANS LET S see OVERVIEW Maina pee ee a ee aes REPORTS 3 2 Z 3 UN B CWS Single Chart Dual Chart Assets By Tax Type v
71. mation is solely for the recipient of this document wiveyant 8 Select Matching C Serer errr rere rrrrrrrrrrrrrrrrrrrrrrrrrrrrrtrr rrr rere rrr The Fixed option would be selected when entering employer pension contributions 9 of Ind Individual Contribution Enter 100 to indicate that one that are made independently of any hundred per cent of John s contributions are matched by his company contributions made by the employee i aa l 10 Up to of Salary Enter 10 to indicate that his Employer Contribution Yes No company will match up to a maximum of 10 of pany P Matching of Ind 100 Upto of Salary BU John s salary Fixed 5 RE or vor salary 11 Contracted Out Select No 12 Click the Add button John s money purchase now appears in the ledger located on the right side of the screen A link icon is shown next to the pension indicating that there are items in the plan linked directly to John s money purchase WE Start E John s Sports Car John based E Retirement John Btr Retirement John 2032 Age 60 E Retirement 13 Click this icon to view what this linked item is The software has automatically created an unsecured Pension drawdown pension to receive funds from the money purchase when it will be crystallised by default at John s retirement This is pop up label is active link that can be clicked to jump iden directly
72. meline Drag and drop a stage color into the Timeline Home Early Mid Life Crisis Travel Responsibilities Retirement Educati Inheritance md FA ii Empty Nest College Long Term Preparing Care to Retire Start Business O Wedding E New ai Retirement PI Work iz World Part Time Traveler Rebrement Mortality Events and How to Edit Mortality Age Notice that John and Julia have Mortality events both of which are set at age 90 The plan will effectively end when Julia dies at age 90 Default mortality ages are set from the software s Preferences screen System Preferences gt Default Ages gt Mortality Age Should you ever need to change the mortality age of a client after the client file has been created go to the Time screen left click on the client s mortality event and drag it up or down the timeline Moving a mortality event up the timeline should present no problem You may need to pause periodically to allow the timeline to redraw However modelling early mortality is usually best done in what if scenarios using replacement Mortality events see video We will explain how to use replacement events later in this tutorial series INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant
73. mitted their details to us very recently Normally most users would set the plan to begin today especially if the account balances incomes and expenses they provided by your client are currently accurate However to try to keep your results in synch with ours we will set the planning year start date back to the beginning of the year 2 Plan Start Date For purposes of this tutorial select Set Date and enter 01 01 2012 as the plan s start date PTTL LT ee ee eee eee ee eee Note The planning year is defaulted to begin on today s date with each subsequent year beginning on the anniversary of that date the assumption being that you will normally have recent details on your client s account balances earnings and so forth 3 Click Next to continue Start Dates and Planning Years Plans are fashioned around a planning year which can be set to begin with the current day with the planning year beginning and ending with the anniversary of the date the plan was created Plans can also be set to follow calendar years tax years or even your client s birth date could be used to start planning years based on age Be sure to configure the year in a way that is most meaningful to you and your client Any expenses income amounts and accounts balances that you enter should be relevant to the selected start date A video explaining start dates and how to later update client files during regular client reviews can
74. mployment Tax Credit Detailed D State Pensions m Asset Liquidation Select None E Drawdown Pensions Estate Credit Hide Basics Line JJ Planned Withdrawals Preferences Help VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document cull phat ile t i ma ECE mii AJE P 3 Click on the bar year of the chart when John is 56 and Julia 53 The chart amp Total Expenses 450 362 E All inflows E Expenses Shortfall Basic Expenses 4 Click the Detailed Info link at the bottom of the legend Wi Employment I State Pensions 20 fa legend will display 5 The chart details panel will display Click the Expenses tab S EE Planned Withdrawals The Home Mortgage payment will be listed as a basic expense This Detailed Info Chart Controle will be the final year of their full scheduled mortgage payments Eo Base Plan Year 2028 Age 56 Cash Flow Investments Pensions Property Debts Protection Taxes Unfulfilled Name Owners Value E Change Category Home Mortgage payment John Julia 36 000 E Basics National Insurance Tax on Chri John 10 262 Name Owner s Value Unfulfilled Change Category Income Tax on Christie Kiel John 64 601 Home Mort
75. n j ra Drawdown Pension Details Ci None O As Needed f ne of Account Value 2 Drawdown income is also be set to begin at the owner s Yearly aan ooo Reti abede ulied h Drawdown C Fixed w Inflation oO etirement event and will be defaulted to the maximum Amount Fixed w o Inflation ol income allowable within the GAD limit C of GAD Amount 0 Maximum To determine the maximum allowable income the software will use the adjustable 15 Year Gilt Rate the 15 r Gilt Rate 6 used to calculate GAD limit owner s age and gender to perform an initial GAD table Lump Sum lookup at crys tallisation It will perform subs equent survivorship Continue Unsecured Pension Payments lookups in this table every three years thereafter or at O Annuitize any subsequent benefit crystallisation event 3 The software will also test for the owner s eligibility for flexible drawdowns If the secured retirement income requirement is met the GAD ceiling on drawdowns will be removed Even with drawdown income set to maximum and the GAD limit removed no more than the maximum amount needed to meet expenses will be drawn from the pension 4 These crystallised funds will continue in drawdown until either the drawdown is depleted or the owner dies whichever happens first VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information
76. n cash is withdrawn from these accounts Withdrawals will usually be made by the software automatically whenever cash is needed to prevent expense shortfalls or when scheduled through draw downs The interest and dividend yield on accounts may also appear as regular inflows but only when they are not being reinvested Investments can be configured to take yield as income but for now we will accept the software s default which is to reinvest yield Basic rate tax deductions at source on the growth of savings and current accounts and unwrapped investments will not be shown on the chart but can be viewed on the chart s detailed info panel zoe UUU t 520 000 Vary an 500 000 480 000 Client New Open Save 460 000 Y Whati Manage Plans 544 000 Base Plan Active ba 420 000 PEOPLE seine 380 000 360 000 Base Plan Cash Flow Detailed RISK PROFILE TIME Age 60 Yr 2032 V 340 000 ct item P RES ES HB Employment 65 020 A EMPLOYMENT State Pensions OTHER INCOME 300 000 Drawdown Pensions 80 857 280 000 Planned Withdrawals 364 220 WINDFALLS 260 000 E Tax Credit 5 245 SAVINGS 240 000 I Estate Credit j To Savings 377 083 INVESTMENTS 220 000 Unallocated 45 927 v PENSIONS 200 000 Detailed Info Chart Controls 180 000 PROPERTY ASSETS 160 000 DEBT 140 000 PROTECTION 120 000 TAXES 100 000 80 000 EXPENSES 60 000 ESTATE P
77. ns FeO 00g pE Investments VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Property Assets INVESTMENTS John and Julia co own a home which is presently worth 525 000 They have owned their home for 10 years and purchased it originally for 510 000 PENSIONS ff PROPERTY ASSETS k 1 To enter their home into the plan select Property Assets in the left navigation DEBT 2 People First check the People panel located on the right side of the screen As the primary client John is already selected as the property owner by default 3 Julia co owns this property with John Click Julia s name in the People panel Check marks should appear next to both her name and John s indicating that they co own the home Make the following entries and selections in the fields to the left side of the screen 4 Type Select Main Residence the default ee 5 Property Name Enter Home Property Name Home Market Value E Bxepelele 6 Market Value Enter 525 000 the present market value of the home Effective Purchase Value 7 Effective Purchase Value Enter 510 000 the total original purchase Mi New Purchase value of the home includin
78. nt 4 603 Tax 9271 Planned 0 Actual 0 Planned 0 Actual 0 Planned 0 Actual Average Total Growth Rate 3 7 Simple Reset Sire VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant The Growth Rate column may show multiple growth rates for an account The first is a net growth rate a total of capital appreciation plus yield minus account fees Two additional growth rates may be shown to provide a breakdown of the dividend and interest yield on the account 5 Move your cursor over the growth rate to view End of Year Growth Contributions Rate Scheduled Unsched Withdrawals additional details about F 184 05 75 Planned 0 account growth rates X 3 Actual 0 eon anor AR Name Owner s EOY Balance Growth Rate Contributions Withdrawals withdrawals Planned 0 Actual 0 184 051 2 0 Yo Scheduled 0 Int 5 387 3 Unscheduled 0 3 Capital Growth Fees 0 5 Require 0 a ii TransfersIn 0 Plan Limit Transfers Out 0 The Contributions column displays the Planned and Actual contributions made to each account For example the Campbells may plan to contribute 3 500 annually to Julia s cash ISA but if these funds w
79. nt Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant 7 Time Check the Time panel located on the right side of the screen Selections on this panel will be used to set the time span over which the expense will be active in the plan The software is defaulted to assume that expenses are active for the duration of the plan The Stage tab will show the Pre Retirement and Retirement stages of the plan selected 8 This purchase will be a one off expense Select the Event tab To schedule a one off expense select only a single start event on this tab Do not select an end event Wi Start Earlier you added an event John s sports car to the timeline Use this John s Sports Car John event to schedule the purchase of John s sports car 9 Select John s sports car on the event tab A green dot will appear next to this event No red dot end event should be shown on the Event tab If a red dot is shown be A single event can also be sure to click the dot to deselect it as an end event Only a green dot should be l selected on the Time panel of displayed next to the John S sports car event iene ean ee p the Employment and Other Income screens to indicate one off cash inflows The line graph at the bottom of the screen will spik
80. ohn s Sports Car John 2024 John 52 Julia s GPP Julia 45 000 Retirement John 2032 John 60 Pensions Drawdown Pension Retirement Julia 2035 Julia 60 USP John s GPP John 0 Retirement 2035 USP Julia s GPP Julia 0 Mortality Gohn 2062 John 90 Pensions State Pensions Mortality Julia 2065 Julia 90 State Pension John 11 204 Mortality 2065 State Pension Julia 13 378 Employment Property Assets Christie Kiel Gohn 125 000 Home John Julia 525 000 Nurse Julia 36 000 Debt Debt Savings Home Mortgage John Julia 430 000 John s Cash John 0 Expenses Basics Julia s Cash Julia 0 General Living Expenses John 51 600 Alex s Cash Alex 0 Home Mortgage payment John 36 000 Martina s Cash Martina 0 Expenses Leisure Cash ISA Julia 15 000 Holidays Gohn Julia 10 000 Investments Expenses Milestones Stock Market ISA Gohn 15 000 Porsche Caymen John 47 000 Each item in the overview is a link which provides quick access to the item within the plan To view the details of a savings account for Initial First Year Values example simply click the name of the account or its balance in the The values shown in the Overview are generally Overview to visit the Savings screen where these details can be initial values as of the start of the plan viewed and the account edited if necessary Transactional information such as future deposits or withdrawals are to be found in
81. on screens The basics line is intended to show how well your client s basic needs are will be met especially in retirement Legacy expenses are a special expense category The Legacy expense screen is used to enter potentially exempt transfers and charitable gifts Unlike other expenses legacy expenses cannot be co owned and will only be fulfilled from the individual owner s income and liquid assets This rule is enforced because as potentially exempt transfers gifts affect the IHT position of the giver VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document iveyant 6 Time Check the Time panel located on the right side of the screen Selections on this panel will be used to set the time span over which the expense will be active in the plan The software is defaulted to assume that expenses are active for the duration of the plan The Stage tab will show the Pre Retirement and Retirement stages of the plan selected 7 Leave these stages selected The line graph at the bottom of the screen will illustrate the general growth trajectory of the expense 8 Click Add The newly added expense will be shown in the ledger on the right side of the screen displaying the initial
82. ortfall All Inflows Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document lle yan t The Assets By Type chart will display presenting a breakdown of assets by category non liquid assets properties pensions investments and savings The appreciation of the 2 58 F Yr 2030 Total Assets 2 866 526 B Non Liquid 839 291 Campbell s home will be tracked as a non liquid asset 4 760 000 Base Plan Assets savings 107 791 Ur ant aia Investments 234 101 aanas 200 000 Wi Pensions 1 685 344 4 080 000 Whatif Manage Plans 3 910 000 Base Plan Active bd 3 740 000 PEOPLE 3 570 000 E 3 400 000 H Pa a 3 230 000 a m Detailed Info Chart Controls TIME 3 060 000 TRE EMPLOYMENT tessa Ga _ ts OTHER INCOME SEDAR Sii 6107 79 abet investments 234 101 WINDFALLS pope pe SAVINGS 2 210 000 2 040 000 INVESTMENTS 1 870 000 ENCIONS Detailed Info Chart Controls PENSIONS 1 700 000 ENa LOnUOS PROPERTY ASSETS 1 530 000 1 360 000 1 190 000 1 020 000 If TAXES 850 000 EXPENSES cate Serr 510 000 fT iat DEBT PROTECTION CTA 1 AK S ESTATE PLANS 340 000 Let s sEE 2170000 eee ita tat EEEE EE
83. ow Detailed PEOPLE RISK PROFILE PROPERTY ASSETS OVERVIEW Select None E Drawdown Pensions Hide Basics Line A Planned Withdrawals Preferences Help VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document 5 Click any bar of the chart The chart legend will display also showing detailed categories of cash inflows 6 Click the Detailed Info link at the bottom of the legend The chart details panel will display The tabs across the top of this panel are clickable r Year 2032 wiveyant eee TROUS eT I State Pensions Drawdown Pensions 80 857 ea Withdrawals 364 220 WE Tax Credit 5 245 B Estate Credit To Savings Ei n Unallocated 45 927 Detailed Info Chart Controls k Age 60 x Expenses Investments Pensions Property Debts Protection Taxes Name Owner s Amount Category Nurse Julia 65 020 E Employment Tax Credit for year 2031 John 5 245 B Tax Credit John s GPP John 364 220 B Planned Withdrawals USP John s GPP John 80 857 Drawdown Pensions Total 515 342 Previous Year 267 60 Difference from Previous Year T9 07 Cash Flow Not Displayed on Chart Name Owner s Amount Notes Total
84. owing the steps in this guide you should have a fully functional test client case file once you reach the conclusion of this tutorial This client case will be referenced in subsequent tutorials Questions Assistance Should you have any questions when building your first client case file please feel free to contact our support staff by e mailing support planwithvoyant co uk VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Before Beginning Have You Installed Voyant Adviser wiveyant Voyant Adviser is a rich internet application meaning that it has all of the data sharing conveniences of a web application but is installed to your computer and runs much like a desktop application Unlike a pure web application Voyant Adviser can be used offline whenever a connection to the internet is unavailable There is no need to open a browser to run the software And unlike a desktop application Voyant Adviser can be used easily on different computers and by groups of users Client files are updated shared and automatically synchronised between computers This training exercise assumes that you already have Voyant Adviser installed and ready to go If you haven t installed soft
85. ox do with this file Web Start Save File b 1 Select the Open With option The Java Web Start Launcher should already be E Do this automatically for files like this from now on selected as the default programme that will launch the file 2 Click OK to continue with the installation If the Java Web Start Launcher is not shown you may not have Java installed on your computer Java can downloaded and installed free of charge from the Java website http java com To run a quick check of your computer for Java click the Do I have Java link on this website VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Google Chrome Depending on the browser s security settings Chrome browsers may display a security warning before downloading the Voyant Adviser installation file the Install Voyantjnlp This warning will appear in the bottom left corner of the browser window 1 Click Save if you wish to download the file and continue with the installation of Voyant Adviser a This type of file can harm your computer Are you sure you want to download InstallVoyant jnip The Voyant Adviser installation file Install Voyant jnlp will be downloa
86. pension benefits including benefits currently received by the client are Sort escalated annually based on the National Average Earnings index State Pension John 11 204 This rate is set on the Preferences screen gt Plan Preferences gt Default Inflation Growth Rates panel gt National Average Earnings The line graph at the bottom of the screen will show the projected field beginning and future escalation of these benefits Renremert VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Julia s State Pension Benefit Julia s current state pension estimate is also 5 044 Unlike John she plans to defer her state pension for three years taking benefits instead at age 70 She would like to receive her deferred benefit in a single lump sum payment 1 People Go to People panel located on the right side of the screen and select Julia as the owner of the benefit A check mark will appear next to her name Make the following entries and selections in the fields to the left 2 Start Age Enter 70 indicating that Julia wishes to defer her benefits for three years Deferred Benefits Since the pension is being deferred past the normal
87. r the recipient of this document Alle yan t The chart will display in its detailed view showing the sources of the Campbell s future income Their retirement income is comprised of a combination of savings and investments pensions state pension benefits and later an annuity when John and Julia s unsecured pensions are annuitised z294 UU Eee Base Plan Cash Flow Detailed a a T coon 480 000 Client New Open Save 460 000 Whatif Manage Plans 440 000 400 000 380 000 RISK PROFILE 360 000 TIME oe 320 000 300 000 OTHER INCOME 280 000 PEOPLE EMPLOYMENT WINDFALLS 260 000 240 000 220 000 200 000 SAVINGS INVESTMENTS PENSIONS 180 000 PROPERTY ASSETS 160 000 140 000 DEBT 120 000 TTT equaae PROTECTION 100 000 fs TAXES 80 000 L 60 000 EXPENSES 40 000 ESTATE PLANS 20 000 j j STAGES a OVERVIEW ags 2 M 4 amp 48 50 52 54 56 58 60 62 64 66 68 70 72 74 75 78 8 82 8384 8 8 7 s a B 5 yg SCC t a S T a O A a 7 alo a S r REPORTS gle Chart Dual Chart Simulations Loss Capacity Historic S What if F Expenses Shortfall Employment he Savings and Investments E Detailed Zz State Pensions Tax Credit Select None i Drawdown Pensions Asset Liquidation Hide Basics Line imi Planned Withdrawals Estate Credit Preferences Help 3 Click the Select None link located in the chart panel at the bottom of the screen All of the inflow categories wi
88. re maximising her allowable ISA a contributions This is a strategy that we might consider discussing with the Campbells E YW NAT ALLCS later as we begin to explore various possibilities in what if planning scenarios i SAVINGS 1 Select Savings in the left navigation INVESTMENTS 2 People Go to People panel located on the right side of the screen Deselect John and select Julia as the owner of the account A check mark will appear next to her name Julia Ts Alex Make the following entries and selections in the fields to the left side of the screen Martina 3 Name Enter Cash ISA Entries and Calculations 4 Type Select Cash ISA Annual vs Monthly Amounts Voyant performs all of its 5 Balance Enter 15 000 calculations on an annual basis 6 Contribution Enter an annual contribution amount of 3 500 You may assume that all amounts e g account contributions are to PEW Cash ISA be entered as annual amounts ae Tre Cash ISA except in cases where monthly annual options are shown Balance E 15 000 Contribution or eo onscreen e g expenses 7 Time Go to the Time panel located on the right side of the screen Selections on this panel will be used to set the time span over which the B Start ts ME John s Sports Car John 8 Select the Event tab Start 2012 ent John contributions are to be made to the account E Retirement Julia Julia p
89. red dot are selected by income later or earlier in the default indicating that this salary E Start ME John s Sports Car Je i Retirement John planning timeline To select an will be earned from the beginning alternative time span for the income of the plan the Start event until deselect the default events by John s planned retirement the Retirement John 2032 Age 60 clicking the red dot end event Retirement John event at age 60 and or green dot start event Then E Mortality John Leave these default selections in MB Mortality Julia reset the time span of the income by f selecting different start or end ace for now j events 8 To view the year and age at which the income will end move your cursor over the end event Retirement John The line graph at the bottom of the screen will present a general illustration of how the income will Pre Retireriert erow and when it will end 9 Click the Add button John s income now appears in the ledger located on the right side of the screen Later whenever you need to edit an item in the plan you will select it first in the ledger Ledger The Ledger The ledger always shows initial annual values Whenever an item needs editing always select it first in the ledger Details will be Stage Event H Star E John s Sports Car Joh Retirement John displayed in the fields left ready for updates
90. rlap Stages a better suited for dividing the timeline at a broader level Retirement for example could be divided into two stages Active Retirement and Later Retirement both with very different needs and expenses All said use events primarily Why events and stages Why not enter ages years or dates for timing Stages and especially events provide a layer of abstraction that specific dates and ages do not Items timed using events such as the duration of one s career can be easily adjusted by dragging events up or down the timeline Items can even be rescheduled interactively on the Let s See charts as the plan is discussed with your client Click the Edit Time button and with one easy drag and drop everything tied to the Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Vyann t Preferences A Quick Check for Matching Default Settings Before we continue let s take a quick detour to the Preferences screen to check the software s default growth rates account fees and calculation settings At various times during this tutorial we will be checking our progress in the Let s See charts If you want to compare the numbers in your client case against those presented in the guide it s a good idea to first verify t
91. rrr sstssrssserserressreees discuss scenarios and how to create them in the next tutorial in this series 6 John Retirement Age Enter 60 Retirement 7 Julia Retirement Age Enter 60 8 Click Finish Enter retirement planning information At what age do you plan to retire Age John Already retired Julia Already retired _ You ve now completed all of the basics needed to create the Campbell s client file and to construct their basic planning timeline VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document The Planning Timeline wiveyant The planning timeline will display This basic timeline for John and Julia will show the start year and their planned retirements both positioned at age 60 This timeline was devised as you entered the Campbell s planning basics a few moments ago Pap Time Add life events and stages such as weddings college buying a home and starting a business Click NEXT to continue to Employment First select an owner a John Julia Alex Show Names 1 Move your mouse over these events to view basic details about them g Retirement Julia VOYANT ADVISER Second drag and drop an event icon into the Ti
92. s are co owned by couples Checkmarks indicate that the expense is incurred jointly by John and Julia 3 Leave these defaults in place to indicate that these are John and Julia s combined living expenses Don t Double Account Some Make the following entries and selections in the fields to the left side of Expenses are Created Automatically the screen Notice that a Mortgage Expense is already f i p shown on screen This expense was 4 Expense Name Enter General Living Expenses created automatically and is linked to the 5 Expense Amount Enter 4 300 debt meaning that when the mortgage is paid off the expense will end 6 Applied Select Monthly to indicate that this is a monthly Debts When a debt is entered into a plan amount l a debt payment expense will be created automatically to control payments made ee EULA General Living Expenses e on the debt Expense Amount Applied Taxes There is usually no need to enter Q Monthly Yearly taxes as expenses Voyant will do the tax calculations for you 7 Time Check the Time panel located on the right side of the screen Premiums Expenses are created Selections on this panel will be used to set the time span over a automatically for the premiums paid on which the expense will be active in the plan protection policies The software is defaulted to assume Savings and Investments Contributions that expenses are active for the to pensions sa
93. scribing to Voyant s optional rebranding white labelling service can request to have report sets added to their semi bespoke versions of Voyant Adviser VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document ivtyant Preferences Updating the Location of the Reports Directory The reports base directory is stored as a system preference To change the location of this directory or to discover the current location of your reports directory 1 Click Preferences in the lower left corner of the screen 2 Inthe System Preferences on the left side of the screen expand the Application Preferences panel The path to the folder where your reports and images are Application Preferences currently being stored the Reports Base Directory is _ Play Sounds shown on this panel a e E 3 Ifyou want change this folder click the Browse button Offline Passcode O 4 Click Save to save the new reports directory Reports base directory 5 Be certain to also click the Apply button in the lower Use Fixed Market Sider All Accounts not using Asset Allocation use the same right corner of the Preferences screen to save this a rate in the range 0 12 rather than 6 from update into the sof
94. sesesese aerae E E E E E E E T A A A A General Overview Checking Your Entries cccccccscssscsscccscccccsccssccscccscccccsccescessccsccccccccssceescesscessceescess Reports Print PDF Word and Excel Format Reports cccccccssccsscssscccscccscccsccccsccsscccscccesccssccescceees Downloading and Storing Repar cee en enna ne en eee ee ee ee nee eee 62 Where are Reports and Images Stored csssssscscsssssssesesssssnssesscscssnssesssssssnssssessessnssssesscseasaesesesssassesecscscasassesecseseasasassecsessnsaesees 62 save Time by Creating Standard Sets of ReEports ssscssssssssssssscsssssscessssscassssscassssscasseescasseescasssescasseeasaesecnsassecassesecassssscasasseess 63 Preferences Updating the Location of the Reports Directory esesessssesssecesssseseeececsesssesececsesesesecucsesesecececseseeeeseeeseeeeees 64 Rebranding REDOTTS censsonensnonunonununuha ununun RERNA nR n Rai r se ved eet a cea ra teeta 64 Conclusion Where to find more information additional resources and assistance VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 e Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Voyant Inc 2012 ivtyant Introduction About This Guide and the Voyant Adviser Introductory Tutorials The following
95. site s user name and password assistance tools Username jimthompson Password seeeeeseesesa Password New User Login Cancel Contact Voyant Support support planwithvoyant co uk if after using these tools you are still unable to sign or if you are encountering any problems x connecting to the Voyant server Connection Settings Voyant AXA Elevate Users Users of the Voyant AXA Elevate software should sign in using their Elevate platform Each time you open Voyant Adviser the software will synchronise BPC LOICa GORE CAA GUcto Ren e OT with our servers loading the latest saved versions of your client files assistance with expired passwords Please wait while your files are synchronized After signing in a brief series of one to three interstitial screens may display showing the number of days left in your trial of the software if you are not currently a subscriber the software s latest release notes if an updated release of the software was installed automatically to your computer and upcoming training opportunities 3 Click Continue to navigate through these informational screens VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document Ayan t Us
96. ted a new time stamped PDF report will be saved along with the latest set of images from that report The high resolution images in these folders can then be easily selected and inserted into your firm s own custom Word or Excel reports if needed Folders w Na a p Voyant Reports ne Tags e Allen Mark a Christie William Base Plan Te july plan Cash Flow Cah How Expense a d Clach n Ciiff Details png Simple png Details png Base Plan a di Elmer Trevor Base Plan 4 d Solomons Brian Base Plan F di Thatcher Janet T Base Pla timeline png Voyant Voyant ates Report 10302009 Report 10302009 b d wirn Dawid Save Time by Creating Standard Sets of Reports If you tend to print the same set of reports for most of your clients omitting some sections while invariably including others these preferences can now be saved into a report set a set of reports and output options that you commonly choose when generating client reports Save yourself the time and trouble of scanning and selecting the various reports and formats PDF Word Excel every time you generate reports for your clients Any number of report sets can be created stored in the software PARETE Basic Report with Estate Report sets are created and stored only locally ona given computer If you run Voyant Adviser on multiple computers these sets would need to be recreated stored on each computer if needed However firms sub
97. the Simple link to close the chart details panel and return to the chart legend simple Reset Size VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document lly yan t 7 Untick the Detailed check box in the lower left corner of the charts screen gle Chart Dual Chart 8 Click the chart selection menu above it and select the Assets By Tax Type chart a A Detailed 2 790 000 2 700 000 2 610 000 m 2 520 000 60 O00 Client New Open Save 2 430 000 S Whatlf Manage Plans 2 340 000 Cash Flow z 2 250 000 TE IEF T z Base Plan Active y TETEN Asse tS B d Tax Type PEOPLE 2 070 000 1 980 000 1 890 000 TIME 1 800 000 y 1 710 000 E Total Assets Vp V n EMPLOY MENT 1 620 000 E Non Liquid OTHER INCOME 1 530 000 E Tax Deferred 1 340 370 1 440 000 i Tax Free 450 246 Taxable 500 359 Base Plan Assets RISK PROFILE 2 290 974 WINDFALLS 1 350 000 SAVINGS 1 260 000 INVESTMENTS 1 170 000 1 080 000 PENSIONS SESS Detailed Info Chart Controls i PROPERTY ASSETS 900 000 Ad i i Detailed 810 000 720 000 PROTECTION 630 000 E 540 000 DEBT TAXES 450 000 EXPENSES 360
98. this document The Debts chart will display showing the decreasing balance of the Campbell s home mortgage and its eventual payoff 273 823 Home Mortgage a 3 G23 420 000 Base Plan Debts Detailed VEY ANE a 380 000 Client New Save 360 000 4 Whati Manage Plans i 340 000 Base Plan Active v 320 000 PEOPLE 300 000 RISK PROFILE 280 000 Total Debts 273 823 Home Mortgage 273 823 TIME 260 000 EMPLOYMENT 240 000 OTHER INCOME 220 000 WINDFALLS 200 000 AVING 180 000 INVESTMENTS 160 000 Detailed Info Chart Controls aes 140 000 x z PROPERTY ASSETS sitar 100 000 DEBT 80 000 PROTECTION 80 000 AXES 40 000 EXPENSES 20 000 ESTATE PLANS f f f STAGES S a e a er LET S sef AGES 40 42 4g 46 48 50 52 54 56 58 60 62 64 66 66 70 T2 74 76 78 80 62 84 86 88 90 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 EA 79 81 83 85 oF Single Chart Dual Chart Simulations Loss Capacity Real Money Edit Time Historic What If Detailed OVERVIEW REPORTS Preferences Help 17 Click the chart selection menu in the lower left section of the ihe Base Plan Net Werth Detailed 4 500 000 charts panel 4 490 000 4 250 000 18 Select Net Worth 4 080 000 This chart tracks the Campbell s total net worth Ea 400 000 3 230 000 19 Click any bar year of this chart
99. tial or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document wiveyant Debts John and Julia s home was financed with a mortgage on which they owe currently owe 430 000 The mortgage has an interest rate of 4 5 and a minimum monthly payment of 3 000 PROPERTY ASSETS 1 To enter their mortgage into the plan select Debt in the left navigation wW DEBT Debt 2 People First check the People panel located on the right side of the screen As Hama Eau Blan the primary client John is already selected as the property owner by default eee ROTECTION 3 Julia co owns this property with John Click Julia s name in the People panel Check marks should appear next to both her name and John s indicating that they co own the home Make the following entries and selections in the fields to the left side of the screen 4 Name Enter Home Mortgage 5 Balance Enter 430 000 the current balance of the Campbell s mortgage 6 Interest Rate Enter 4 5 the current interest rate on the mortgage This payment amount can be 7 Interest Only Leave this checkbox unticked This is a traditional mortgage aa adjusted later by increasing or 8 Payment Enter 36 000 This is their annual payment amount ss 1 085 decreasing the loan payment A monthly amount could also be entered instead expense which is created automatically by the softwar
100. tions up to 10 of his annual salary Should John wish to take full advantage of his company s programme he might consider increasing his contributions to 10 of his salary This is something that we could explore later in a what if planning scenario 2 People First check the People panel located on the right side of the screen As f jon the primary client John is already selected as the owner of the pension b Julia Alex Enter the following details about John s pension and schedule his future Martina contributions to it 3 Type Select Group Personal Pension UWA Group Personal Pension we 4 Account Name Enter John s GPP Account Name Account Balance E EZRRHHI 5 Account Balance Enter 225 000 the current balance of the pension at the beginning of the Annual Contribution Ea of Salary plan Employer Contribution Yes No oo Matching ofind 100 Up to of Salary 6 Annual Contribution Enter 8 John plans to Fixed p oO a af Seller contribute eight percent of his future salary to e i ors of Salary this pension Contracted Out Yes e No 7 Employer Contribution Select Yes to indicate that John s company also makes contributions to his pension VOYANT ADVISER INTRO TUTORIAL I BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this infor
101. ture Mortgage Payments 13 Click the link icon beside the Home Mortgage in the ledger Two items will be shown as linked to the Campbell s mortgage their home and a Home Mortgage payment These items are active links that can be clicked to jump directly to the details about the home on the Property Assets screen and debt payments on the Expenses gt Basics screen The Debt screen is intended to capture the basic terms of the debt and to possibly schedule its future pay off an option available in the Advanced Settings Whenever a debt is entered into a plan a payment expense is created for it automatically 14 From the ledger click the link to the Home Mortgage payment TAXES The Expenses gt Basics screen will display with the Home Mortgage payment selected E EXPENSES and ready for editing Leisure Should you need to increase or decrease future debt payments you would edit the Luxury mortgage payment on the Expenses gt Basics screen Future payments could be stepped Milestones up for example to plan for future overpayments Payments can be stepped up or down Legacy increased or decreased by event or stage using the Basics screen s Step Up Step Down ESTATE PLANS feature shown below ADVANCED SETTINGS fe Inflation Step Up I Step Down real Expense Payment Source Timeline Initial Amount Rate Mortality John v 45000 o B TA Rae o Inflation Timeline Initial Amount
102. tware s preferences each account s specified growth rate navigate to and select a new directory Don t Use Web Browser to Open Files Note An additional setting is available on this panel to ensure that reports when they are opened automatically from the software will be opened in their native programme Word PDF or Excel and not in your computer s default web browser Rebranding Reports Firms can also have their Word and PDF format reports permanently rebranded as part of Voyant s optional white labelling service Reports can be preformatted with the firm s logo colour scheme and accompanying disclaimers or compliance statements Examples and additional information about rebranding can be found on the Voyant UK website Conclusion Where to find more information additional resources and assistance This concludes our introductory tutorial for Voyant Adviser If you are eager to continue more can be learned about the software using the guides and tutorials found on our tutorials page Instructional videos are also available on our website Also visit our online forum requires login to post questions and view advice given to other users Other resources including user tips and a link to the Voyant Fact Find can be found on our website s support page And please feel free to contact the Voyant Support Team at support planwithvoyant co uk if you need further assistance VOYANT ADVISER INTRO TUTORIAL BUILD YOU
103. vings and investments are duration of the plan The Stage tab entered into the software as such Do not af B Pre Retirement will show the Pre Retirement and Bp Retirement enter them as expenses Retirement stages of the plan selected Home Mortgage payment John 35 000 VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document 8 Leave these stages selected The line graph at the bottom of the screen will present the general growth trajectory of the expense Expenses are inflated by the software s default inflation rate which is set from Preferences This rate can be easily adjusted for ind ividual expenses by expanding the Expenses screen s Advanced Settings gt Inflation panel and editing the Inflation Rate 9 Click the Add button The newly added expense will be shown in the ledger on the right side of the screen displaying the initial annual cost of the Campbell s living expenses at the beginning of the plan 10 Click the Next button Leisure Expenses The Expenses gt Leisure screen will display Holidays are an important part of the Campbell s lifestyle and they want to devote at least 10 000 annually to their travels 1 People Check t
104. ware on your computer already now is the time to install it 1 Torun the software your computer must also be running Java 6 Update 14 or later Java can be downloaded and installed free of charge from the Java website http java com 2 To run a quick check of your computer for Java visit the Java website and click the Do I have Java link Using Voyant Adviser on Mac OS X Mac operating systems use a separate version of Java provided by Apple If you are checking for the installation of Java on a Mac computer you may be directed to use the Software Update feature on the Apple menu Additional details are available on both the Java website and the Apple Support website 3 Visit the Voyant UK website www planwithvoyant co uk 4 Signin and install Voyant Adviser by clicking the Plan Now button Alternatively click the Plan link in the top navigation Support Visit Voyant s UK Website Please be sure to visit our U K website http www planithvoyvant co uk to install the UK version of Voyant Adviser Voyant s U S website www planwithvoyant com offers access only to the U S version of Voyant Adviser Subscribing Through AXA Elevate Visit us instead at http elevate planwithvoyant co uk and access the site using your AXA platform user name and password VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2
105. y on your computer Bear in characters long This passcode can match your Voyant user mind that like Voyant passwords offline Back oK passcodes are also case sensitive 4 Click OK Note that this passcode can later be changed and offline mode enabled or disabled if necessary by accessing Preferences in the lower left corner of the screen Expand Application Preferences to view the offline mode settings Later as you bring your computer online again client files will be automatically synchronized with Voyant s remote hosting environment Synchronization allows client information to be accessed from any computer at home in the office or on the go without ever transferring files from computer to computer VOYANT ADVISER INTRO TUTORIAL BUILD YOUR FIRST CLIENT CASE Edition 2 09 07 2012 Voyant Inc 2012 Voyant Inc proprietary information which is privileged confidential or subject to copyright belonging to Voyant Inc Use of this information is solely for the recipient of this document With offline mode enabled you will be prompted to enter a passcode whenever the software detects that an internet connection is unavailable This passcode will allow you to log into the software and access client files locally when the Voyant server cannot be reached Note that Voyant Adviser can be used offline for a maximum of seven consecutive days after which you will be required to sign

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