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RightCapital works for me and gets the job done
September 02, 2022

RightCapital works for me and gets the job done

John E. Miller, MBA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with RightCapital

We use RightCapital as our financial planning software in the composition of Financial Plan documents for clients. We make the platform available for clients (albeit with limited access in most cases) to view financial data and forecasts. In addition, we use the Vault feature as the clients' primary storage and document exchange point. For security reasons, we do not use email to exchange sensitive client information or documents; that is done through the Vault.
  • User friendly
  • Easy client access
  • Capability to embed code into our website
  • Customizable colors for the reports
  • Weekly meetups to educate us more on how the platform is used
  • Customize the colors on the main platform
  • Continue to build tutorial videos as the platform expands
  • Allow us to manually input budget data for budget tracking purposes
  • Financial Plan creation
  • Probability of success illustration
  • File sharing and storage
  • It has been a huge closing tool for new clients when we can present current and proposed strategies. The illustration is compelling.
  • We use the reports feature to help compose financial plans which is a service offering
  • The Vault is used as a risk management control for legal and regulatory purposes.
Again, as I mentioned before, RightCapital seems to be much more user-friendly for people starting out because of how intuitive the platform is. In addition, it beats on cost and flexibility, in my opinion. I think the cost per advisor with eMoney can be around $3600, and RightCapital is half that. Now there may be services that I will need as I grow that will compel me to switch, but I am not there yet and am unwilling to lose the features that RightCapital provides.

Do you think RightCapital delivers good value for the price?

Yes

Are you happy with RightCapital's feature set?

Yes

Did RightCapital live up to sales and marketing promises?

Yes

Did implementation of RightCapital go as expected?

Yes

Would you buy RightCapital again?

Yes

I think it is well suited for planners that are just starting out and have an appreciation for cash flow analysis for their clients. I think it is more bang for your buck in that regard. The cash flow analysis can be a helpful addition when discussing client finances because it's easy to say that goals will be reached, but it's better to describe, year by year, how a client's cash flow will look.