TRAK Differentiates Advisors

Meet Joshua Sorensen, a financial advisor for Buckman-Mitchell Financial & Insurance Advisor Joshua SorensenServices.  Based in California, Sorensen works with qualified plan sponsors and individual clients who need financial planning.  His typical plan sponsor has assets of $10-20 million.  Sorensen uses TRAK for retirement planning and business development.

TRAK Helps Sell Plan Services

“TRAK’s Batch Gap report is one of the first things I show to plan prospects,” he explains.  “It helps them understand that we’re not the kind of company that merely shows a PowerPoint once a year.  The report demonstrates that we’re offering real retirement planning.”  TRAK’s Batch Gap report provides a one-page gap analysis so that clients can examine how well their retirement is funded—and how closing a potential shortfall will impact their take-home pay.  In Sorensen’s case, the Batch Gap reports help him inspire plan sponsors to provide more tailored education materials for participants.

TRAK Makes Realistic Suggestions

Sorensen likes that the Batch Gap report provides realistic suggestions for closing the retirement income gap.  “The software is dynamic, with a limit on how much it suggests for contribution increases,” he says.  “Then it makes up the difference by dynamically adjusting other variables, such as the retirement age or retirement income.”  In cases where there is a gap, TRAK suggests a reasonable contribution increase.  “I can even set certain thresholds.”

TRAK Is a Complete Package

Sorensen previously used a competing software product, but it involved more steps and required between 30 and 60 minutes.  “Now I use TRAK and in 5-10 minutes the report is complete,” he says.  “It has all the essentials I need—and nothing more to complicate things.”

Retire Ready’s Developers Are Responsive

Recently he was working on a Batch Gap report and needed to create different classes of employees, each with different profit sharing levels.  He sent his idea to Trust Builders, TRAK’s creator, and within a week the software was updated with the new feature.

“The software development was so fast that I was able to apply the new feature to the report I was working on at the time,” explains Sorensen.  “If I had been dealing with a larger software company, my idea wouldn’t have been implemented for years.”

Why Joshua Sorensen Recommends TRAK

“I recommend TRAK because it’s a great product,” says Sorensen.  “It’s very reasonably priced and it helps me stand out among other financial advisors.”

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