T O O L S & T E C H N O L O G Y | N A P A F I R M P A R T N E R S | N A P A B L A C K B O O K 2 01 9
COLONIAL SURETY COMPANY
W O O D C L I F F L A K E , N J | c ol oni a ls u r e t y . co m KEY CONTACTS
COVISUM
O M A H A , N E | co v i s u m . c om KEY CONTACTS
Michael Bonfante | 201.949.1134 | mbonfante@colonialsurety.com Randi Ploshnick | 201.949.1131 | rploshnick@colonialsurety.com
877.844.7213 | info@covisum.com
FIRM PROFILE
Covisum is a growing financial tech company that finds significant gaps in financial understanding and builds software solutions to help advisors and financial institutions grow and improve lives through better retirement decisions. With our proven process, advisors are able to streamline their practices, offer actionable insights and utilize successful marketing tactics. Covisum powers some of the nation s largest financial planning institutions and serves more than 0,000 financial advisors.
Colonial Surety Company, a direct insurance company, specializes in ERISA Fidelity bonds for Plan Sponsors and Professional Insurances for Pension Professionals. We provide an online client portal to instantly purchase online bonds and insurances. We’re rated A Excellent by A.M. Best Company and licensed in all U.S. states and territories.
IN BUSINESS SINCE
1930
PRODUCT/SERVICE CATEGORY
Other
NAPA-NET.ORG
140
FIRM PROFILE
IN BUSINESS SINCE
2016
PRODUCT/SERVICE CATEGORY
Software
PRODUCT/SERVICE DESCRIPTION
Social Security Timing was developed in 010 and became the first patented Social Security optimizer. The software helps advisors show clients how the timing of their Social Security claiming decision can cost or save them thousands of dollars. The software illustrates the best and earliest strategies in easy-to-understand charts and allows the advisor to add alternates for comparison, optimize a client’s Social Security claiming strategy and increase retirement value by up to $100,000. Tax Clarity helps financial advisors uickly identify sub-optimal tax situations and show clients how to make retirement decisions in the most tax-efficient way. Advisors can use Tax Clarity to show clients how hidden effective marginal income tax rates can significantly impact cash flow in retirement. In early 01 , Covisum ac uired SmartRisk , software that allows advisors to model “what-if” scenarios with account positions and align a client’s risk tolerance with their portfolio risk. With SmartRisk, advisors can analyze portfolio risk and easily communicate with clients to help them avoid costly mistakes. Income InSight® was launched in January of 2019. Advisors use Income InSight to understand the key variables of life expectancy, tax efficiency and se uence of withdrawals. This comprehensive income planning tool deeply integrates with Covisum’s other tools and helps advisors make better financial decisions, faster while resolving conflicts in assumptions and conflicts in results that plague other financial planning tools. Advisors who subscribe to any Covisum software have access to an entire expert support team who can help answer subject matter and software uestions.
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