Cheshire Wealth Manager Updates
Find the latest information about new features and updates of Cheshire Wealth Manager.
November 2011
Cheshire Wealth Manager Version 2011C
This version of Cheshire Wealth Manager allows you to:
- Utilize forms of asset ownership including Community Property, Tenants in Common, and Trust
- Select which assets should be included in Net Worth reports and/or included in the Taxable Estate
April 2011
Cheshire Wealth Manager Version 2011B
This version of Cheshire Wealth Manager allows you to:
- Include Long-Term Care costs and insurance in your analysis and solve for LTC insurance needs
- Add notes receivable as an asset type
February 2011
Cheshire Wealth Manager Version 2011A
This version of Cheshire Wealth Manager allows you to:
- 2011 Annual Economic Update - Run plans with updated tax rates, tax tables and asset class returns through 2010
- Option to not sunset estate and federal tax rates in 2013
December 2010
Cheshire Wealth Manager Version 2010D
This version of Cheshire Wealth Manager allows you to:
- Include Long-Term Care costs and insurance in your analysis and solve for LTC insurance needed
- Add notes receivable as an asset type
- Model asset liquidation over time using installment sales
August 2010
Cheshire Wealth Manager Version 2010C
This version of Cheshire Wealth Manager allows you to:
- Withdraw funds from an investment account as a percentage of the value of that account
- The ability to take a dollar amount from an account that includes interest and dividends
- Reinvest a surplus into a Trust Account
- Improved Audit Trail reporting with details of management fees and annual turnover
June 2010
Cheshire Wealth Manager Version 2010B
This version of Cheshire Wealth Manager allows you to:
- Create "What-if" Strategies with Estate Planning, Asset Allocation Planning and Roth Conversion Analysis
- View additional "What-if" Strategies outputs, including Cash Flow Analysis, Audit Trails and Monte Carlo
- Make tax-free transfers between accounts
March 2010
Cheshire Wealth Manager Version 2010A
This version of Cheshire Wealth Manager includes:
- Roth Conversion Analysis - Gives you the ability to do a specific comparison, with resulting cash flows, for a full or partial Roth conversion
- The ability to enter different tax rates in future years - Allows you to model a client moving to a different state in the future or illustrate a 'worst case scenario' for future tax rates
- 2010 Annual Economic Update - Run plans with updated tax rates and tables, as well as, use historical rates of return through 2009
October 2009
Cheshire Wealth Manager Version 2009F2
This version of Cheshire Wealth Manager includes:
- A Strategy section that allows you to model 2 or more scenarios for side by side comparison
- Improved Advent Axys® interface now imports the cost basis for each account
- The ability to map Advent Axys® Asset Types to Cheshire Asset Classes
- The ability to add additional loan payments or pay off a loan in its entirety on a future date
August 2009
Cheshire Wealth Manager Version 2009F
This version of Cheshire Wealth Manager includes:
- Adding, editing and scoring your own Risk Tolerance questionnaire
- Utilize improved asset allocation logic when importing from Advent Axys®
- Rebalance non-investment assets in future years
- The ability to run an Education analysis independent of the main plan
June 2009
Cheshire Wealth Manager Version 2009E
This version of Cheshire Wealth Manager includes:
- View an Audit Trail for federal taxes
- Specify above-the-line and below-the-line deductions for various time periods
- Import account data from Morningstar® Advisor Workstation Enterprise Edition
- Use "Commodities" as a new asset class
- Add report descriptions to the report cover page
- Easily use expected asset class returns and historical standard deviation and correlations for your asset classes
March 2009
Cheshire Wealth Manager Version 2009C
This version of Cheshire Wealth Manager includes:
- GRAT, GRUT and QPRT as new Estate Planning Strategies
- Capability to import data from Morningstar Principia
- Ability to import data from Morningstar Advisor Workstation - Office
- Customizable colors for charts and graphs
- Printable correlation coefficient matrix
- View year and/or client age on all year by year reports
Cheshire Announces Integration with Advisor Exchange
Cheshire Software is pleased to announce an exciting new way to streamline the data entry process within Cheshire Wealth Manager.
Advisor Exchange (AE) delivers a dynamic account aggregation solution which provides you and your clients with an on demand, consolidated view of their entire financial profile. AE aggregates managed and held-away account information from over 10,000 sources including custodians, brokerages, fund companies, insurance providers, and banking, as well as non-investment accounts, such as mortgages, personal loans, credit cards, and bill information.
Once data is aggregated, AE’s proprietary export technology creates an .xml data file which can be imported into Cheshire Wealth Manager. Advisor Exchange’s technology is an efficient, time-saving solution that will allow you to expand the services you offer your clients and help take your practice to the next level.
February 2009
Cheshire Wealth Manager Version 2009B1
This version of Cheshire Wealth Manager includes:
- CRAT and CRUT as new Estate Planning strategies
- Capability to import data from Advent Axys (contact us for details)
- Improvements to bonds and variable annuities categorization when importing
- Added Solution flexibility in what to solve for
- Built in user guide
- Ability to import data from Advisor Exchange account aggregation service
January 2009
Cheshire Wealth Manager Version 2009A
This version of Cheshire Wealth Manager includes:
- 2009 Economic Update (taxes, college costs, social security estimates, asset class returns)
- Basic Estate Planning, including current and proposed planning strategies, such as Credit Shelter Trusts, Gifting, Irrevocable Life Insurance Trusts and Assets to Charity
- Ability to view reports in current and future dollars
- Auto save feature for client data
- 'Security Info Service' Library allowing you to modify or add security info items
- Updated 'Security Info Service' Database