Trust Company of America announced Tuesday that it is integrating with RightCapital to help advisors who use TCA’s platform develop comprehensive financial plans for clients.
RightCapital is a financial planning software provider founded in 2015.
Using RightCapital’s software, TCA advisors will be able to incorporate Monte Carlo simulations into clients’ retirement plans, as well as optimize plans for Social Security strategies and perform stress tests.
Advisors will also be able to:
- Simulate tax projections and tax-efficient distribution strategies
- Aggregate client accounts and collect holding information from thousands of other financial institutions
- Employ budgeting, cash flow analysis and debt management tools
(Related: RightCapital Launches Enterprise Tool to Ease DOL Rule Compliance)