*** This application requires an existing relationship with and advisor who subscribes to Finance Logix.
Finance Logix Mobile is your gateway to financial health. With access to up-to-date account data and a powerful financial engine, you will have a clear view of how current and future spending choices may affect your overall financial outlook.
Using the plan created for you by your financial advisor, FLX Mobile will run probability simulations to illustrate how your short and long term financial goals are dependent on each other, what the probability of success for each goal is, and offer trade-off analysis.
FLX Mobile also provides you with an easy way to track your progress towards your annual savings, a way to track your transactions, and inspect details about your investment accounts, such as net worth and asset allocation.
Some of our key features:
>> Account Aggregation –
By harvesting information from your online accounts - linked either through Finance Logix, Client Logix, or from within FLX Mobile - we are able to provide you with up-to-date information about your investments and bank accounts.
We have access to over 7,000 financial institutions, including all major banks, credit unions, credit cards and investment institutions.
>> Net Worth –
This portion of the app is an overview of your account balances and any liabilities you may have. You can drill down into any of the accounts to get more detail, or view your overall net worth. From this section, you can add new accounts, either manually or by linking to your favorite financial institution.
Note that that accounts linked to a financial institution are updated nightly with your latest balances, transactions, and holdings.
>> Transaction Tracking –
When you choose to link accounts from a financial institution, we are able to collect and store transactions posted on those accounts. This is a great way to track your spending and view daily totals or totals over the past 30 days.
>> Allocations –
Another advantage of linking your financial institutions is that we can show you the holdings in each of the linked accounts. With this data, we are able to build a cross-account allocation view, which allows you to keep an eye on your overall allocation, making it easier to determine if your accounts are invested exactly how you and your advisor intended.
We also include a “Top Holdings” tab, which, as you might guess, will show your top positions, but also allows you to drill into each holding to view historical information for up to ten years.
>> Plan Status –
This is the simulation portion of our application. Using the same financial engine available to your advisor, we are able to run over a thousand simulations on your financial plan. This allows us to estimate the probability of success of your plan in various market conditions.
>> Plan Tracking –
Here we provide you with a tracking view of your progress towards your savings goals for the year. Based on the goals of you set up with your advisor, we plot a savings glide path for the year and track your monthly balances towards that goal, showing you suggestions on how you may need to adjust your spending/saving to reach upcoming balance checkpoints.