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Are You Paying Attention to Your Financial Dashboard?

December 06, 2021

Driving requires a glance at the dashboard on a regular basis to monitor all of the various gauges that let us know when things are on track and when we don’t have enough gas to get to our destination. The same is true for your finances.

In our time together previously, we have driven through financial planning topics at a relatively high rate of speed. From investment planning, tax strategies, estate planning, and more, we’ve covered a lot of ground.

Throughout this road trip, I’ve mentioned that every good financial team needs a tool to help consolidate all your information to help in planning for your wealth management. At Echo Wealth Management, I have used a tool called the Echo Dashboard for over 15 years, developed and supported by eMoney Advisor. Today, I want to show you the value of utilizing a tool like this.

The Echo Dashboard – A Powerful Tool

A tool like the Echo Dashboard allows you and your financial advisor to see everything you own in a private, secure location where all your data is consolidated into one clear financial picture. This makes getting organized simple.

The Echo Dashboard shows a client’s current and projected income, net worth, and expenses year-by-year to age ninety-five based on some key assumptions, including date of retirement, inflation, and target rate of return. Each night, it pulls the balances and the security positions from the institutions where the client has accounts. The balances are then recalculated to keep the client up to date as his/her account values change.

In short, the Echo Dashboard gives clients the ability to connect everything they own so they know what everything is worth. No matter where a person is or what they’re doing, those who have knowledge of what they have fared better than those who don’t.

Schedule a No-Obligation Discovery Call

Managing your wealth is a very personal subject, one we should discuss in a more personal setting.