Profile - RightCapital Help Center

The Profile tab is a crucial area that serves as the foundation of each and every client plan. Within this area, you can review and update all of the baseline information that was entered during the initial data entry process for a given household. The information entered within the Profile tab will be directly reflected by the Current Plan within the Retirement Analysis module, and will be used as the basis for new proposals:

The Profile is made up of seven subtabs: Net Worth, Goals, Income, Savings, Expenses, Family, and Blueprint. Below you will find a brief overview of each subtab, followed by links to the dedicated data entry articles and training videos for each section of the Profile.

New to RightCapital?

If you're new to RightCapital and are looking for a general overview of the data entry process, we recommend the Creating Your First Plan webinar. This webinar occurs every Tuesday at 2:00pm ET.

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Net Worth

The Net Worth section of the Profile is where all of a client's assets and liabilities are entered, along with their current balances. This area is where you will enter bank accounts, credits cards, investment accounts, stock plans, loans, properties, insurance policies, and other assets. There are three ways to enter accounts in the Net Worth tab:

If you are a premium or platinum subscriber, your clients can link their accounts directly to RightCapital via Account Aggregation. This will automatically pull in current balances and position-level account data.
If you have one or more advisor-level Integrations set up, you can link a client's accounts directly to their RightCapital financial plan. This will automatically pull in current balances and position-level account data.
Accounts can always be added manually to a client's Net Worth by clicking the Add Account button, and selecting an account type.

For more detailed information on the Net Worth section of the Profile, please feel free to utilize the resources below:

Goals

The Goals section of the Profile is where you will identify and enter a client's goals into their financial plan. This includes retirement ages, retirement living expenses, and retirement health care & long-term care costs. It can also include any number of additional goals, such as college goals, travel goals, primary home relocations, asset purchases, and much more.

Use the Retirement Age card to specify the target age of retirement for each client.
The Retirement Expense card can be utilized to capture the household's monthly retirement expenses within the projections.
The Retirement Health Care Cost goal card allows you to reflect a client's expected healthcare costs in retirement. Similarly, the LTC Cost card allows you to input expected LTC costs.
Add additional goals (education, vacation, asset purchase, etc.) by clicking the blue 'Add Goal' button in the upper right.

For more detailed information on the Goals section of the Profile, please feel free to utilize the resources below:

Income

The Income section of the Profile is where the household's primary income sources are entered. This includes client salaries and social security benefits, as well as other income streams such as self-employment income, pension income, and more.

For clients with W2 income, click into the pre-populated Salary cards to enter the annual amount and duration of each salary. For clients without W2 income, these cards can be removed.
Click on the Social Security cards to enter each client's current or future retirement benefits. For more on entering Social Security, click here.
Add additional income streams (self-employment, pension, bonus, etc.) by clicking the Add Income button in the upper right.

For more detailed information on the Income section of the Profile, please feel free to utilize the resources below:

Savings

The Savings section of the Profile is where you will enter prospective annual contributions to a client's various investments. This includes contributions to 401(k) and IRAs, taxable brokerage accounts, Roth accounts, 529s, and much more.

For clients with 401(k) accounts, you can use the pre-populated 401(k) savings cards to reflect employee and employer contributions. For clients without 401(k) accounts, these cards can be removed.
If your Planning Method setting is set to 'Modified Cash Flow Based' or 'Goal Based', a Taxable savings card will also be pre-populated in the Savings area. Use this card to reflect after-tax contributions into a taxable investment / brokerage account.
Add additional savings (Traditional or Roth IRA, HSA, 529, etc.) by clicking the blue 'Add Saving' button in the upper right.

For more detailed information on the Savings section of the Profile, please feel free to utilize the resources below:

Expenses

The Expenses section of the Profile is where you'll input pre-retirement living expenses, medical expenses, extra debt payments, and AUM fees. This is also where you'll determine the household's tax filing status and specify any local taxes.

For clients that have yet to retire, the pre-retirement living expenses card can be utilized to capture the household's monthly expenses within the projections.
The Tax and Fees card is home to several inputs, including the Tax Filing Status, AUM Fees, and Local Taxes.
Add additional expenses (medical, alimony, extra debt payment, etc.) by clicking the blue 'Add Expense' button in the upper right.

For more detailed information on the Savings section of the Profile, please feel free to utilize the resources below:

Family

The Family section of the Profile is where the members of the household are entered. This area is where you will enter names, birthdays, planning horizons, and the resident state. This tab is always the first step of the initial data entry process after creating a new household.

Click into the Client and Co-Client cards to update names, birthdays, and planning horizons (the assumed date of death for each client).
Enter the resident state (where the clients live) within the Client card. This input is used for state tax calculations.
Add additional family members, like children and grandchildren, via the Add Participant button in the upper right.

For more detailed information on the Family section of the Profile, please feel free to utilize the resources below:

Blueprint

The Blueprint module takes all of the information entered into the Profile tabs described above, and recontextualizes that information using clean, client-friendly visuals. Put differently, the Blueprint is an interactive summary of a client's current financial picture, visually outlining their net worth, goals, and more.

Using the Net Worth tab, view all of the household's assets and liabilities, color-coded and broken out by owner.
The Goals tab displays all of a household's key events and financial goals. You can toggle between a Timeline view, which will highlight the timing of each goal, and a Board view, which will highlight the cost of each goal.
Within the Income, Savings, Expenses tab you'll find a summary of the client's income, expenses and savings, color-coded and broken out by owner.
You can edit existing items by clicking on a tile, or add new items by clicking the Add button in the upper right of each tab.

For more detailed information on the Blueprint section of the Profile, please feel free to utilize the resources below: