Whether a consumer makes $50,000 a year or $50,000 a week, consumers want to understand their cash flow because it impacts the lives they are living right now. They want help with their todays, not just their tomorrows. As an advisor you are trained to prepare them for their tomorrows, but in order to earn their trust, you need to meet them where they are, and cash flow management is the bridge.
Cash Flow Mapping empowers you to quickly understand, in a personal and meaningful way, your prospects’ situation. Qualify your prospects in record time so that you can serve more of the right people more often.
When new advisors lead with cash flow they quickly gain confidence in their ability to provide value for clients. As a result, they are more confident in prospecting and in client interactions, which leads to more sales early in their career. These quick wins build momentum, giving them time to learn the more complex nuances of the business that can take years.
"Prior to using Cash Flow Mapping, I felt very transactional. I would meet with clients, identify a need, and sell them something. After using Cash Flow Mapping, I was able to connect with clients in a more powerful and rewarding way —far beyond selling them something."
"It can be intimidating starting in the financial services industry. Being overwhelmed with new terminology, new methods, and just frankly a lack of understanding can take years to correct. Cash Flow Mapping allows new advisors to gain confidence and grow as advisors instead of watching someone else for the first months or years."
"CFM has cut the cash flow review portion of my practice in half, if not more. It is usually introduced in the first meeting, and by the second meeting we have a base line for a new cash flow strategy and resources identified to help clients restructure their savings and spending plan. That is without even making changes to other money flows. Even clients share how easy the program is to project changes in their income and spending, especially in times when their income has been reduced."
All of Cash Flow Mapping's plans come with the ability for you to create unlimited client accounts and unlimited maps.
Yes. Cash Flow Mapping has a business maps feature that you can link to a family map and setup distributions to work in various ways including fixed dollar amounts, percentages of metrics of the business, subject to income or self employment taxes or not. When used with our duplicate and comparison tools, this feature is helpful to show your clients various options for business cash flow to flow into the family and illustrate the various potential consequences including tax changes.
If you give clients access they can login and make changes to their maps. You can hide maps from clients so a frequent option to use is build a map, duplicate it and then hide the original. The client can then alter the new one and you can use the change history and a comparison to see what they do. Additionally, the system will automatically alert you via email when they make updates.
It depends on the status of the relationship. If you're just looking to pre-qualify a client, just a conversation can be effective and you may need no documentation. When you get deep in the weeds it can be helpful to have copies of tax returns, current pay stubs, W2s, Business Profit and Loss statements, Cash Flow Statements, etc. I recommend starting with a small amount of info and growing it as you grow the conversation. It aids in buy in and relationship building while also increasing buy in and preventing fatigue from the client since they gain benefits along the way. You can also dive in deep right at the start for existing clients you already have info for and use this as a touch point / reason to reach out.
No. All of our plans come with a 30 day money-back guarantee. Outside of this 30 day period, your plan can be cancelled at any time and will end at the end of your pre-paid period with no further commitment required.