PlanFees’ RFP Express | Proposals at the Speed of Light

Busy road with fast moving traffic
Are you wasting your time taking your plan out to bid the traditional way? Comparing your fees and services to other companies and plans manually? Throw that process away and start using the RFP Express, PlanFees’ new instant quote tool that will revolutionize the fee benchmarking process for advisors. Watch the video below and learn how this tool can help you grow your practice and save you time and precious resources.
 
Presenters:
  • Jesse Taylor, VP. New Business Development
  • Lisa Conte, RFP Team Lead

Summary:
With respect to benchmarking, there are two different spectrums: time and value. If it is fast and low value, it probably won’t lead to your desired results. These kinds of benchmarking “tools” could include googling “how much does my 401(k) cost?” and using the 401(k) Book. If you have a time intensive but low value benchmark, it will be in-depth and have great insight, but there’s no proposal and it does not lead to any change. Then you switch gears and get a high value benchmark, but it is very time intensive. Tools such as custom spreadsheets and provider analyses lead to desired results, but take up way too much of your time. What you’re looking for are high value benchmarking tools that give you your desired results and don’t take much time to produce. This is where the RFP Express tool comes in to play.

The RFP Express will bring you the same value as the provider analysis with side-by-side fees, investments, and services. This is for your live bidding process. These can either be instantaneous or take 2-4 business days depending if you need a custom quote. If you need your annual benchmarking done, you need to check out Prism and Prism365 here that will give you your reports in minutes.

If you want an instant proposal tool that has all of the top providers for you to benchmark your fees against, this is the tool you need.  It has the ease and timing of PlanFees with an apples-to-apples format of Provider Analysis. This tool includes 3(38) products, PEPs, etc. with a few dozen data points. These reports can be input to your sales process or every 3-5 years with current clients.

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