Voyant sweetens its wealth tech suite with new tools

The fintech provider has added features to support Social Security income planning, Roth conversions, and life insurance planning.

Voyant, a leading SaaS provider of wealth management, wellness, and client digital engagement solutions, has unveiled new tools to enhance advisors’ ability to guide better financial decisions.

The Austin, Texas-based fintech provider is enriching its suite of financial planning solutions with a handful of retirement and insurance planning features.

One is a new Social Security optimization feature that assists individuals in pinpointing the optimal timing for initiating their Social Security benefits based on factors such as retirement age, projected lifespan, and income levels.

Voyant also introduced a Roth conversion tool that offers critical insights into the feasibility and timing of converting traditional IRAs to Roth IRAs, including estimating potential tax savings and the strategic benefits of either immediate or future tax payments on the converted amounts.

Rounding out the enhancements, a new advanced insurance modeling capability helps advisors explore the impact of life insurance on an individual’s financial picture. That includes the possibility of leveraging life insurance policies to take on loans.

David Kaufman, CEO of Voyant, emphasized the importance of individuals having a deep understanding of their finances and the factors influencing them, such as their income, assets, and financial goals.

“It is critical for individuals to not only understand their wealth but to also have a firm grasp on the external triggers that alter their broader financial picture,” Kaufman said.

He further highlighted that the integration of these new tools with Voyant’s existing solutions offers advisors a holistic view of their clients’ financial situation, enabling them to make more informed and strategic decisions.

Voyant is offering the new features along with its shelf of other offerings, at no additional cost to users, as part of its core solution.

“By making these tools available on one core product, we are helping advisors seamlessly integrate those considerations into the full context of investor’s finances and make informed decisions that bring their clients closer to financial well-being,” Kaufman said.

Voyant, a subsidiary of AssetMark, also has operations in the UK, Canada, Ireland and Australia.