RightCapital’s Cash Flow Maps Bring Intuitive Visuals to Financial Planning

RightCapital’s Cash Flow Maps Bring Intuitive Visuals to Financial Planning
  • RightCapital launched its new data visualization tool, Cash Flow Maps, this week.
  • The new offering provides intuitive data visuals to illustrate cash inflows and outflows in financial plans.
  • Headquartered in Connecticut, RightCapital most recently demoed its technology at FinovateSpring in 2019.

Seeing is believing. And RightCapital is betting that its new Cash Flow Maps will make it easier for financial advisors to collaborate with their clients. The latest addition to RightCapital’s data visualization tools, Cash Flow Maps offers intuitive data visuals to illustrate cash inflows and outflows in financial plans.

“RightCapital has built its reputation on listening to advisor feedback and adding new product features at a fast clip,” co-founder and CEO of RightCapital Shuang Chen said. “The Cash Flow Maps are a good example of that.”

Cash Flow Maps present data in two different formats. The “Waterfall” format is a horizontal Sankey chart in which cash inflows and outflows move from left to right. The “Breakdown” format is a vertical flow chart that allows users to click on each item for greater detail. The new offering is available now to all RightCapital subscribers at all subscription levels. Cash Flow Maps leverage Sankey charting, which emphasizes transfers or flows within a system. Famous examples of early Sankey charts include a visualization of Napolean’s 1812 Russian Campaign created in 1869. Another famous example was the illustration of the efficiency of a steam engine back in 1898.

“My first experience seeing Sankey cash flow charts used in financial planning was in what I called the ‘Beautiful Financial Plan’ that Mike Zung, CFP, created,” Michael Kitces said. Kitces is publisher of The Kitces Report and the financial advisory industry blog, Nerd’s Eye View. “Now that RightCapital has released this new feature that automatically creates cash flow maps, the entire community of advisors can use them in their financial plans with ease,” he added.

Founded in 2015, RightCapital made its Finovate debut a year later at FinovateFall. The Shelton, Connecticut-based fintech last demoed its technology on the Finovate stage at FinovateSpring 2019. RightCapital also offers Snapshot, which summarizes financial planning charts and notes into a single personalized document. The company’s Blueprint solution helps organize household financial data and goals using interactive, intuitive visuals.


Photo by Pixabay

RightCapital Launches Dynamic Retirement Spending Strategies

RightCapital Launches Dynamic Retirement Spending Strategies

Financial planning software company RightCapital unveiled new dynamic retirement spending strategies on its platform this week. The new offering gives investors the ability to better plan their finances once their working days are done.

“The industry has been using a rather simple retirement expense approach in the financial planning process for many years,” RightCapital CEO Shuang Chen said. “The ability to offer multiple options for retirement spending within our comprehensive planning tool is a significant step forward.”

Traditionally, financial planners have relied on an inflation-adjusted retirement spending model which focuses on a single input – the rising cost of living – to anticipate an increase in retirement spending each year. One criticism of this approach is that it does not account for changes in an individual’s portfolio that might significantly affect how much they are able to spend in retirement. RightCapital’s new offering factors in changes in portfolio value, reducing retirement spending projections when the portfolio loses value and giving investors the option to spend more in retirement should their portfolio significantly increase in value. The two dynamic strategies – referred to as guardrail and floor and ceiling – enable retirement spending to adjust in sync with portfolio performance and investment strategy parameters rather than being limited to tracking the rate of inflation.

Dynamic strategies such as those now available on the RightCapital platform more accurately reflect how individuals respond to changes in their investments in the real world. As Michael Kitces, Chief Financial Planning Nerd for Kitces.com and Head of Planning Strategy for Buckingham Wealth Partners explained, “as advisors, we cannot eliminate the uncertainty of markets themselves, but tools like RightCapital’s dynamic spending can help eliminate the uncertainty for clients of what they’d have to do in response to those market events, facilitating better client conversations about how to keep their retirement on track.”

Other features of RightCapital’s dynamic retirement spending strategies include the ability to customize spending levels by age, anticipating a higher level of spending early in the investor’s retirement life and tapering off as the investor ages. The strategies can also incorporate changes in healthcare expenditures over the course of the investor’s retirement, as well.

Founded in 2015 and headquartered in Shelton, Connecticut, RightCapital demonstrated its technology most recently at FinovateSpring in 2019. At the conference, the RightCapital team demonstrated the company’s API/Enterprise solution, which gives financial advisors the ability to offer their clients access to custom applications ranging from PFM to account aggregation to secure document sharing. In June, RightCapital announced that it would “enhance (its) integration” with partner Riskalyze, a specialist in risk alignment and portfolio analytics. Also that month, RightCapital and a coalition of fintechs including fellow Finovate alum Betterment launched the RIA Tech Suite to provide financial advisors with services and tools to automate back-office operations.


Photo by Mikhail Nilov from Pexels

RightCapital Inks Strategic Partnership with Financial Advisor Association

RightCapital Inks Strategic Partnership with Financial Advisor Association

Financial and tax planning solution provider RightCapital has formed its third partnership in as many months this week. The Connecticut-based company announced that it has entered a strategic partnership with the non-profit, International Association of Registered Financial Consultants (IARFC). This will enable members of the financial services association to access RightCapital’s financial planning solutions at a 10% discount.

“We welcome RightCapital to our growing list of Association benefits. Their services are well grounded by the experience of their founders and a dedicated knowledgeable support team,” IARFC Strategic Alliance Team Member Randy Kriner said.

Designed for both independent advisors and advisor networks like IARFC, RightCapital’s technology gives financial planning professionals the tools they need to help clients plan and prepare for retirement, educational expenses for children, and insurance needs for their families. The company’s solution enables advisors to ensure their clients maximize Social Security benefits and make tax-efficient investment decisions. RightCapital’s offering also provides the kind of budgeting and debt analysis tools that help clients address their daily financial concerns.

The collaboration with the IARFC is only the latest partnership the company has forged in recent months. In October, RightCapital announced a strategic partnership with cloud-based advisory platform Advyzon, and inked an integration deal with SS&C’s Black Diamond Wealth Platform. The previous month, the company announced an integration with advisor technology platform Panoramix.

RightCapital has also made a commitment to the next generation of financial planning professionals. The company has provided its technology for free to students participating in the Personal Financial Planning (PFP) programs that are offered at many universities in the U.S., such as Texas Tech and Kansas State University. More than 20 universities are participating in the initiative, RightCapital reported in late August of this year.

“It’s deeply gratifying to know that we are making a difference,” RightCapital co-founder and CEO Shuang Chen said. “Providing the right educational tools to students pursuing their undergraduate degree in personal financial planning is essential to the future of financial planning.”

RightCapital demonstrated its API and enterprise solution at FinovateSpring earlier this year. Founded in 2015, the company has raised more than $8 million in funding from investors including Camellia Venture Capital.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

RightCapital Partners with Wealth Manager CircleBlack

RightCapital Partners with Wealth Manager CircleBlack

Hot on the heels of its latest partnership announcements with advisor technology platform Capitect and Morningstar, Shelton, Connecticut’s RightCapital has another integration to celebrate, this time with wealth management platform, CircleBlack.

“We are excited to have RightCapital’s financial planning software integrated into CircleBlack,” company CEO John Michel said. “With our client app, held-away accounts added just once by the client push to RightCapital, giving advisors an incredible leg up in creating a full-picture plan.” Michel added that the integration among other things makes it easy for financial advisors to move back and forth between client portfolios on CircleBlack and their portfolios on RightCapital.

RightCapital provides financial and tax planning solutions to help advisors build holistic retirement plans for their clients. The technology leverages advanced Monte Carlo simulations, optimizes Social Security, and offers tax-efficient drawdown strategies and Roth conversions. RightCapital also helps users of its platform manage tax liabilities, budgets, and debt retirement strategies. Courtesy of the integration with CircleBlack, advisors will be able to automatically update client data and account values in RightCapital’s platform from CircleBlack.

“We are thrilled to partner with an innovative company like CircleBlack,” RightCapital CEO and co-founder Shuang Chen said. “RightCapital is committed to helping advisors grow their business, and our robust platform integration now enables advisors working with CircleBlack to deliver differentiated value to their clients.”

RightCapital was founded in 2015. The company demonstrated its API and enterprise solution at FinovateSpring last month. The technology enables financial management firms to deliver customized solutions that support and drive customer acquisition, education, and engagement.

In addition to its recent partnerships with Capitec and Morningstar, RightCapital announced that it had integrated with LPL Financial, an independent broker/dealer with 16,000 advisors in its network, in April; and partnered with Independent Financial Group in March.

RigthCapital has raised $8.6 million in funding. The company includes Camellia Venture Capital among its investors.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.