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Learn More About Reports in Tamarac CRM
The Beneficiary report shows you the beneficiary data for a selected household or for all accounts and groups across your firm. This information makes it easier to identify the accounts that have no beneficiary assigned so you can prepare for meetings with your client.
After a client reaches age 72 or inherits an IRA, he or she is generally required by federal tax law to withdraw a minimum amount from a retirement savings plan each year. The RMD Planning report will help you identify who will need to take a RMD, as well as provide information needed to calculate the correct distribution amounts using the information available in Tamarac CRM. This report gives you the information you need, including a link to IRS tables, to calculate the distribution amount and track the progress of your clients. As you update that your clients have met their required minimum distributions for the year, they will no longer appear on the report.
The Client Profile report gives you at-a-glance information about your client. It is the easiest way to get a snapshot of key client data and prepare for review meetings. Using the Client Profile report, you can quickly find information including revenue, compliance notes, important milestones, financial account information, referral information, and recent activities.
Referrals are often one of, if not the only, source of new business for many RIAs. We define contacts that provide referrals as COIs or centers of influence. You can identify someone as a COI by checking the COI box on their contact in Tamarac CRM. However, someone with potential to be a COI may end up not fulfilling that promise or the opposite may happen, and some unrecognized contacts may actually be very influential to your business development. The COI Profile report allows you to see who is actually helping drive in business along with some other important metrics.
Track Managed Value and Net Worth in Tamarac CRM
Learn how to include CRM Financial Accounts and Accounts in Net Worth tracking.