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RightCapital Launches Innovative Student Loan Functionality

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RightCapital Launches Innovative Student Loan Functionality

The financial planning software is the first platform with dedicated Student Loan capabilities

PR Newswire

SHELTON, Conn., August 6, 2018 /PRNewswire-iReach/ -- RightCapital, a next-generation financial planning tool that provides advisors with the ability to create custom, comprehensive financial plans, is excited to announce the launch of its new Student Loan capabilities. Supporting RightCapital's claim of being a highly innovative software, the new features are the first of their kind in the financial planning space.

"We are extremely excited to be a disrupter in the financial planning industry. Our goal is to help financial advisors do more planning in less time with our innovative features, which means we will continue to develop technology that meets the evolving needs of our advisors while looking for new ways to improve the financial planning process," says RightCapital CEO and Co-Founder Shuang Chen

The new features allow advisors to easily show clients the impact of different student loan payment plan options including income-driven repayment plans such as IBR, PAYE, REPAY, and Public Service Loan Forgiveness.

Advisors will also be able to:

  • Easily show clients comparisons between current loans and a proposed plan.
  • Review a general framework for appropriate repayment options with clients on an interactive flow chart.
  • Devise proposed Repayment Plans based on a client's loan timing, career choice, and loan consolidation.
  • Show the impact of a client's student loan repayment plan on their retirement.

"With more than 44 million Americans owing close to $1.5 trillion dollars in Student Loan debt, those dealing with Student Loan repayment is currently an underserved market. Our new capabilities will help fill the void in the planning space, allowing advisors to easily assist their clients with their debt issues," Chen says.  

The new Student Loan capabilities join a long line of innovative features already found on the RightCapital platform such as tax-efficient retirement income withdrawal strategies, with Roth IRA conversions, and a unique Medicare module, all under a single login. 

These innovative features paired with tax, retirement, investment, insurance, college education funding, and budgeting in a modern client portal help advisors deliver "right-fit" financial plans to their clients. The interactive and intuitive modules help advisors engage their clients by making the planning process less cumbersome and confusing. 

For more information about RightCapital or to inquire about how financial advisors can leverage the platform, please visit: https://www.rightcapital.com/

Media Contact: Anne Laffin, RightCapital, 203-533-4193, anne.laffin@rightcapital.com

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SOURCE RightCapital

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