With an eye toward addressing the industrywide challenges of effective client profiling, OMYEN Corp. has developed the Personal Financial Index. The index, derived from an individual's financial health benchmarks, is similar in concept to a Fico score. Data are combined, weighted and entered into a straightforward “wizard” that requires detailed input in the areas of personal debt, savings discipline and personal risk management...

OMYEN marries the planning tools with a client acquisition tool called Client Discovery, making this package particularly appealing to advisors looking to build a financial planning practice or grow an existing one...

Building good retirement income software is challenging. The field of retirement income planning itself is still evolving, and the software supporting those efforts is evolving along with it.
OMYEN offers a number of innovative products for planners and individuals. The Personal Financial Index (PFI module) is essentially an interactive client questionnaire with some basic calculation capabilities built in. It calculates a score designed to be a single numerical estimate of the client or prospect’s overall financial health, in much the same way that a FICO score is meant to represent a person’s creditworthiness. The SRIP leverages the information collected when compiling the PFI score to arrive at a Retirement Income Schedule ...