NaviPlan by Advicent vs. Fidelity Active Trader Pro

NaviPlan is an invaluable financial planning tool. There are so many strategies and reports that can be built and used within the software. I've been using it for around 8 years and still don't how to use all of the functions. It has come a long way over the 8 years in terms of functionality. There is a definite learning curve, however, I've found it has become more user friendly.

Incentivized

Fantastic for the planning and execution of trades, as follows: (1) Offers nearly 50 market filters, including technical, social sentiment, and custom options filters, (2) supports analysis of option market sentiment with volatility and open interest statistics, as well as the day’s biggest trades, (3) functionality to trade equities, ETFs, simple and complex option strategies with extended-hours and directed trading capabilities, (4) capacity to create and save up to 50 orders and place them at the right time, (5) helps manage risk and profit potential with conditional orders, (6) allows placement of a variety of simple and complex multi-leg option orders, (7) provides ability to monitor portfolio with streaming quotes, real-time gain and loss, streaming balances, and streaming order status updates, and (8) allows creation of personalized layouts to see the market and portfolio information that’s important to you Set trade defaults, create shortcuts, and use hotkeys to quickly and efficiently navigate through the platform.

Incentivized

• Employee benefits management, planning, and calculation become simpler with the Navi plan.
• Budget planning, risk management, and other account management become easy and simpler to analyze by the top management.
• Tax calculation and other payments become easy for the organization as well as individual employees.
• Cashflow analysis and modifications in the allocation become easy and could be understood by all the top-level management in a single window.

Incentivized

• Accurate Data
• Ability to reach out for help
• Ease of use once trained

Incentivized

• Much favorable for small industries, so better to make it good for large enterprise also.
• Illustration can be made easy so that quick understanding can be done.
• Tracking of the particular item is a bit difficult, this could be made easier.
• Not much user friendly compared to the competitors. But does the job well.

Incentivized

• The advanced charts have made improvements but are still behind Thinkorswim

Incentivized

Snap Projections - We were using this software up until this year alongside Naviplan to see how it compared. The reason we tried Snap Projections was the difference in pricing. Naviplan is expensive, where Snap is only a fraction of the cost. The biggest reason we stayed with Naviplan was familiarity for the advisor presenting. He was accustomed to it. I find the interface of Naviplan better cosmetically. They both are great financial planning software tools with pros and cons in each. I have found that you can manipulate the software to show most of what you need. Both platforms continually update and take user feedback into consideration when building on to it so they both get better all the time

Incentivized

Unlike Active Trader Pro, TD Ameritrade's advanced desktop platform thinkorswim has no frequent trader requirements. It is also very advanced, boasting 400 technical studies and 20 drawing tools. It offers paper money, a practice mode. Forex and futures can also be traded on thinkorswim. There are many useful features on thinkorswim, such as heat maps, live streaming of CNBC, an economic calendar, alerts, and more. thinkorswim is tailored to more sophisticated traders and it is not that user-friendly compared to Active Trader Pro.

Incentivized

• Tax calculation of the organization and employees was very difficult, and Navi Plan made is very easy now.
• The introduction of the software makes positive changes in the organization in managing the financial needs, which helps the organization to allocate what is required.
• Employee benefit calculation was a bit difficult and it made a big positive impact.
• It does the job and we get the best for what we pay for.
• If the industry becomes big, then slight changes must be introduced to manage the big data needs.

Incentivized

• Objective is to make money, right? It definitely supports it.

Incentivized