Partners Grow your business with our flexible financial advice platform.
SAVVI has solved the complex challenge of delivering financial planning via a flexible and scalable platform, which can open up current and future customers to your products and services.
SAVVI provides consumers with help they can use, not simply more information.
Today’s consumers are accustomed to easy, fast and integrated experiences as they shop (Amazon), plan travel (Expedia), choose entertainment (Netflix), or calculate the shortest route to a destination (Google Maps). Financial services are no different; consumers want to feel confident about their ability to make smart decisions today while meeting their long-term goals. They want a trusted-advisor to do the hard part for them. They want their complex financial lives to be made simpler.
But simple is not easy, formulating quality financial advice for the typical American household is surprisingly complex. The vast majority of ‘financial solutions’ can’t identify the most appropriate action, from billions of potential options, because they can’t solve the math. SAVVI can.
SAVVI helps partners deliver on their trusted advisor positions.
SAVVI enables partners to add a seamless extension of their brand and offered services that bring high-quality, comprehensive financial guidance to the nearly 70% of Americans who don’t have the advantage of personalized financial advice. SAVVI’s unique and powerful technology makes it affordable and therefore practical for the first time.
- SAVVI ties disparate pieces together into a unified customer-focused experience.
- SAVVI is delivered through a flexible framework that allows partners to cross-sell their current products, expand their product offering, or offer deeper value to their audience.
- SAVVI can be deployed in a silo or progressively integrated into an existing solution without disruption. Private label opportunities are available.
- SAVVI enables partners to meet the fiduciary standard. All advice is in the clients’ best interest, based on their unique situation and goals, allowing product alignment – the right product, at the right time.
Financial solutions that are narrowly focused, transactional and based on a set point in time are falling short. Here’s why:
- They focus on literacy and education, not on action and outcomes.
- They tell users what they could do, not what they should do – or how to do it.
- They don’t foster lifetime customer engagement.
SAVVI is a highly flexible and scalable decision support engine that helps:
EMPLOYERS
Employers are bearing the increasing cost of their employees’ poor financial health through increased absenteeism, delayed retirement, higher health costs, under-utilization of benefits and productivity loss due to stress. SAVVI provides employers with a powerful benefit in the form of a financial wellness solution that helps their employees identify their financial goals and take action to improve their financial position. SAVVI helps employees make smart decisions, retire sooner and reduce employer costs associated with delayed retirement. The positive impact can be quantified in performance metrics and benefits utilization, such as reduction of loans against 401k accounts. SAVVI also helps employers attract and retain their best employees in a competitive job market.
BENEFIT ADMINISTRATORS
SAVVI provides a decision support tool that Ben Admins can easily integrate into their platforms. The overlay can identify a household’s optimal financial strategy to meet the goals they’ve set and prescribe specific actions to take, factoring both traditional benefits, such as; medical, supplemental, disability, life and 401k plans and financial decisions outside of the traditional benefits framework, such as; budgeting, loans, debt consolidation, tax and investment strategies. SAVVI enables Ben Admins to engage employees throughout the year with recommendations, the right product at the right time, that meets the DOL fiduciary standard.
FINANCIAL INSTITUTIONS (BANKS)
SAVVI enables FIs to address the totality of needs of customers who might be using many different providers and may tire of having to use multiple apps, or vendors to manage their financial life in potentially misaligned silos. They are able to drive further solution innovation by better understanding the needs of customers through data analytics, while directly connecting members to proprietary products and services. SAVVI enables scale in direct-to- consumer markets to holistically address the savings, deposit, investment, financing and insurance needs of the emerging and mass affluent market, with high quality, evidence-based advice that meets DOL fiduciary standards.
FINANCIAL INSTITUTIONS (CREDIT UNIONS)
SAVVI enables credit unions to address the totality of needs of members who might be using many different providers and may tire of having to use multiple apps, or vendors to manage their financial life in potentially misaligned silos. They are able to drive further solution innovation by better understanding the members needs through data analytics, while directly connecting members to proprietary products and services. SAVVI enables scale in direct-to- consumer markets to holistically address the savings, deposit, investment, financing and insurance needs of the emerging and mass affluent market, with high quality, evidence-based advice that meets fiduciary standards.
PRODUCT PROVIDERS
SAVVI enables a holistic point-of- view for product placement that serves digital financial wellness strategies. Providers gain a conduit to cross sell into verticals, such as voluntary insurance and retirement, with fiduciary compliant advice. SAVVI can help expand distribution opportunities by providing a platform for on-going support as employees move through the financial life cycle, by anticipating and adapting with their evolving financial needs and aspirations.
RETIREMENT SOLUTION PROVIDERS:
Providers are able to enhance and scale their digital advice offering by leveraging SAVVI advice capabilities for retirement, asset management and protection products to selected vertical markets. Capturing existing data, SAVVI utilizes advanced data science and predictive analytics to limit downside risks and produce steady, stable post-retirement income. SAVVI provides clients with clarity and confidence that they can meet their financial objectives helping them to seamlessly transition from accumulation planning to distribution planning. SAVVI generates efficient, tax-optimized withdrawals, automated cash flow aggregation and income delivery.