Frequently Asked Questions about Covisums SmartRisk

Who are Covisum?

Covisum is a financial technology company that provides software solutions designed to assist financial advisors in managing their clients retirement and investment strategies. Their focus is on delivering tools that enhance the decision-making process for financial professionals.

What are Covisums products?

Covisum offers a range of products including SmartRisk, which is a risk assessment tool that helps advisors gauge and manage investment risk for their clients. Other products include tax planning and retirement income planning solutions.

What services do Covisum offer?

Covisum provides software solutions, training, and support services aimed at financial advisors. They also offer educational resources to help advisors better understand the tools and how to effectively utilise them in their practice.

What type of companies do Covisums products suit?

Covisums products are particularly suited for financial advisory firms, wealth management companies, and independent financial advisors looking to enhance their client offerings and improve risk management strategies.

How much does Covisums product cost?

The pricing for Covisums products, including SmartRisk, varies based on the specific solutions chosen and the size of the advisory firm. For detailed pricing information, potential customers should contact Covisum directly or visit their website.

Does Covisum offer a free trial?

Yes, Covisum does offer a free trial for SmartRisk, allowing advisors to evaluate the tools features and functionalities before making a commitment.

What discounts does Covisum offer on their products?

Covisum may offer promotional discounts or bundled pricing for their products. It is advisable to check their website or contact their sales team for the latest offers and potential discounts.

Are there any hidden fees or additional costs with Covisum?

Covisum is transparent about its pricing structure; however, its always recommended to inquire about any potential additional costs, such as fees for premium features or updates, when discussing with their sales team.

Who uses Covisums products?

Covisums products are primarily used by financial advisors, planners, and wealth managers who seek to enhance their client service through sophisticated risk assessment and planning tools.

What are the main features of Covisums products/services?

Main features of SmartRisk include risk analysis capabilities, customisable reporting, scenario analysis, and integration with other financial planning tools. These features aid advisors in providing tailored advice to their clients.

How does Covisum compare to its competitors?

Covisum is known for its focus on risk management and comprehensive financial planning tools. While other companies may offer similar services, Covisum’s dedicated approach to risk assessment sets it apart as a specialised solution for financial advisors.

Is Covisums platform easy to use?

Yes, Covisum’s platform, including SmartRisk, is designed to be user-friendly, with an intuitive interface that allows advisors to navigate the tool effectively without extensive training.

How easy is it to set up Covisums product or service?

Setting up SmartRisk is generally straightforward, with guided processes and support available to assist users in configuring the tool to meet their specific needs.

Is Covisum reliable?

Covisum has established a reputation for reliability within the financial services sector, with many advisors relying on their tools for critical financial planning and investment decisions.

Does Covisum offer customer support?

Yes, Covisum provides customer support through various channels including email, phone, and online resources to assist users with any questions or issues they may encounter.

How secure is Covisum’s platform?

Covisum employs industry-standard security measures to protect user data and ensure the integrity of its platform. Regular updates and security audits are part of their commitment to maintaining a secure environment.

Does Covisum integrate with other tools or platforms?

Yes, Covisum’s SmartRisk can integrate with various financial planning software and tools, allowing advisors to streamline their processes and enhance their service offerings.

Can I use Covisum on mobile devices?

Covisums platform is primarily web-based; however, users may access it on mobile devices through a compatible web browser, although a dedicated mobile application may not be available.

What do users say about Covisum?

Users generally report positive experiences with Covisum, highlighting the effectiveness of SmartRisk in enhancing their risk assessment processes and improving client interactions.

What are the pros and cons of Covisum?

• Pros: Comprehensive risk assessment tools, user-friendly interface, strong customer support, and integration capabilities.
• Cons: Pricing may be a consideration for smaller firms, and some users may require time to fully utilise all features effectively.

How can I purchase Covisum’s services?

Interested parties can purchase Covisums services directly through their website or by contacting their sales team for assistance with the purchasing process.

What is the cancellation or refund policy for Covisum?

Covisum has a clear cancellation and refund policy, which can be reviewed on their website or discussed with a sales representative to understand the specific terms and conditions.

What are the common use cases for Covisum?

Common use cases for Covisum include assessing investment risk for clients, improving financial planning strategies, and providing detailed reporting on risk exposure and management.

Why choose Covisum over other options?

Covisum is chosen for its specialised focus on risk management and its comprehensive suite of tools that support financial advisors in providing tailored advice to clients.

How easy is it to set up Covisum?

Setting up Covisum is designed to be a straightforward process, with guidance and support available to assist users in getting started quickly.

Does Covisum offer training or tutorials?

Yes, Covisum provides training and tutorials to help users understand how to effectively use their products, including SmartRisk, ensuring that advisors can maximise the benefits of the tools.

What languages does Covisum support?

Covisum primarily supports the English language in its platform; however, its advisable to check with their support team for any updates on language offerings.

What problems does Covisum solve?

Covisum addresses the challenges of accurately assessing investment risk, enhancing financial planning processes, and providing advisors with tools to better serve their clients needs.

Is Covisum worth the investment?

Many financial advisors find Covisums products to be a valuable investment, as they facilitate improved client interactions and more effective risk management strategies, ultimately contributing to better financial outcomes.