02/18/2014     New Social Security tool debuts for advisers
Investment News    

The latest benefits optimizing software is free...

By Mary Beth Franklin
Click here to read the full story.

 
02/12/2014     OMYEN Releases Social Security Software
Plan Adviser    

Financial advice and technology company OMYEN Corp. launched a software program that recommends strategies for workers to most effectively draw Social Security benefits. ---

By Plan Adviser Staff
Click here to read the entire article at Plan Adviser magazine website.

 
11/25/2013     OMYEN Launches Retirement Planning Software
American Banker    

The Enterprise Retirement Planner, announced last week, lets retirement-plan advisors automate the creation of personalized retirement plans by accessing information directly from the plan recordkeeper. The software permits advisors to upload information on a client's salary, contribution level and other personal data into the system to produce reports that display a plan participant's risk profile and project retirement income based on different allocation strategies...

By Chris Cumming
Click here to read the entire article at American Banker website.

 
11/21/2013     OMYEN Releases Retirement Software
Plan Adviser    

The financial software developer launched The Enterprise Retirement Planner, which allows advisers to generate and distribute personalized retirement plans and produce plan sponsor scorecards. --- OMYEN Corporation developed the program to help advisers meet growing margin pressures brought on by fee disclosure requirements from the Department of Labor (DOL). Developers hope the software will help advisers maintain efficiency and decrease fact-to-face time with clients during the creation of retirement plans...

By Plan Adviser Staff
Click here to read the entire article at Plan Adviser magazine website.

 
09/10/2013     OMYEN Planning Software
Bank Investment Consultant    

I really like some aspects of Omyen's offering. It is one of only a very few firms that seems to be making a serious effort to incorporate health-related data into the financial planning process, and the Retirement Health Care Planner seems highly useful. In addition, most Omyen modules can be completed in minutes, so they can be used cost-effectively...

By Joel Bruckenstein
Click here to read the entire article at Bank Investment Consultant magazine website.

 
09/03/2013     OMYEN Technology Review
Financial Planning Magazine    

Advisors who set out to work with a client have access to an extensive suite of tools: Savings Plan, Retirement Savings Plan, Insurance, Risk Capacity Index, Asset Allocation, Sustainable Retirement Income Planner, Retiree Health Care Planner, Executive Compensation Planning, Lifetime Cash Flow Projections, Estate Planning and Reports. Many of these tools are worth a deeper look...

By Joel Bruckenstein
Click here to read the entire article at Financial Planning magazine website.

 
08/01/2013     OMYEN Wants To Be Your Client Portal Provider
REP Magazine    

OMYEN, a provider of retiree healthcare planning software, employee benefit software and wealth planning software recently announced the launch of Client Information Center (CIC), their client portal offering...

By Joel Bruckenstein, Financial Services Technology Journalist
Download the article or read it at T3 website.

 
06/18/2013     What Advisors Need to Know about Retiree Health-care Planning?
Advisor Perspectives    

Many people assume that once they retire, they need not worry about healthcare. They think Medicare is free and will take care of all their health-care needs. That's not true. Those who have cared for an ailing parent or a grandparent know the financial and lifestyle implications healthcare has for themselves and their loved ones...

By Dinesh Sharma, CFP®, CEO of OMYEN Corp.
Download the article or read it at Advisor Perspectives website.

 
06/06/2013     Another portal for all that client info now available
Investment News    

There’s a new client portal provider in town. OMYEN Corp. has rolled out what it is calling the Client Information Center. The CIC is meant to assist in an adviser’s collaboration with clients during financial planning meetings and through use of hosted document sharing. There also is a set of alert capabilities and integration with several CRM packages popular with advisers.

By Davis D. Janowski
Click here to read the full story.

 
06/01/2013     Planning for Healthcare Expenses During Retirement -- An Advisor's Problem?
REP Magazine    

The debate on the budget deficit has been pretty intense for the past couple of years. The main issue surrounding this debate has been healthcare, and rightfully so. According to the White House Budget Office, for the fiscal year 2012, the federal government collected about $2.5 trillion in revenue and spent over $900 billion on healthcare, which is more than a third of all tax receipts. The Medicare program (a health insurance program for people 65 or older, people under 65 with certain disabilities, and people with End-Stage Renal Disease) alone cost $545 billion, while Medicaid (a joint federal and state government healthcare program for people with limited means) cost about $250 billion. Despite this massive healthcare spending by the government, seniors continue to incur hundreds of thousand of dollars in out of pocket healthcare expenses during retirement. With the rising cost of healthcare and people living longer, the healthcare issue is not likely to disappear for the foreseeable future.

By Dinesh Sharma, CFP®, CEO of OMYEN Corp.
Download the article or read it at T3 website.

 
03/28/2013     Drive-Through Advice
REP Magazine    

The mass affluent aren’t worth a planner’s time, right? New technology is upending that assumption and opening up entire new markets to forward-thinking advisors.
In this article journalist Lauren Barack talks about the importance of engaging clients in the financial planning process; give them something to play with. Perhaps she didn’t clearly differentiate that the Personal Financial Index® from OMYEN is for client education whereas the Wealth PlannerTM is for financial advisors to develop advanced cash-flow based financial plans for their clients. Here’s a link to this article.
http://wealthmanagement.com/technology/drive-through-advice

 
02/10/2013     Investment News: Apps to streamline your practice
Investment News    

Most advisers can use all the help they can get with tedious and error-prone daily tasks such as prospecting, data entry and filling out client forms... The Personal Financial Index® gets the process going. The index, to which advisers can supply a customized link from their own website, provides a personal financial health benchmark that can be completed within 10 minutes.

By Davis D. Janowski
Click here to read the full story.

 
09/16/2012     Investment News: Tool to estimate the health care cost during retirement
Investment News    

When creating a retirement plan for high-net-worth clients, many advisers don’t put a lot of their own effort into calculating health care costs. After all, those clients are wealthy and well-insured, and in many larger firms, doing the math — and/or getting the commission — is somebody else’s job.
Retiree Healthcare Planner from Omyen Corp. attempts to answer the biggest question on most retirees’ minds: How much should I set aside for health care expenses in retirement? Rather than going by average-life-expectancy data, Omyen’s Retiree Healthcare Planner uses individual-client data, including age, health history and family health history, as well as information on that person’s level of physical activity and whether he or she smokes, to get a sense of what health care costs might be in retirement. Clients as young as 40 can use the program.
By Darla Mercado and Davis D. Janowski
Click here to read the full story.

 
07/01/2012     Omyen's Retiree Healthcare Planner estimates both the client’s longevity and geographically adjusted healthcare expenses.
Cerulli associates    

Approximately 60% of advisors include healthcare planning as part of their overall retirement planning process with clients, but advisors often lack information to make accurate judgments to address clients’ health concerns. The Retiree Healthcare Planner developed by Omyen, a MA-based company, estimates both the client’s longevity and geographically adjusted healthcare expenses. The planner was developed using publicly available health statistics and input from doctors and specialists who helped as- sess risk factors. The tool asks clients to input approximately 15 pieces of information (e.g., smoking, activity level, weight, family- health history) and from those, it projects the clients’ expected longevity. In addition, the planner takes into account the timing of healthcare costs, weighting costs more heavily toward the end of the clients’ life. As such, the output gives year-by-year estimates of healthcare costs, allowing advisors to match cash flow against costs. Such a tool could help advisors better navigate their older clients’ health concerns by making sure the client has adequately funded their healthcare, given their individual situation.

The Cerulli Edge® ADVISOR Edition: 3Q 2012, Issue #36
 
01/04/2012     Retirement Income Journal: Four Income Planning Tools
Retirement Income Journal    

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. Numerous approaches to generating a retirement income plan are currently available. We’ve profiled a handful of lesser-known yet valuable applications, each designed to create meaningful retirement income planning results with minimal data entry.
Firm: OMYEN
Product: Sustainable Retirement Income Planner (SRIP)
URL: https://www.omyen.com/

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 ...

By Joel Bruckenstein
Click here to read the full story.
 
09/25/2011     Investment News: Tool helps advisers determine health costs for clients
Investment News    

Financial planning applications come in two flavors, goal-based or cash-flow-based, and neither type does a very good job of equipping advisers with ways to estimate insurance or health care costs for their clients ...

By Davis Janowski
Click here to read the full story.
 
08/08/2011     Financial Advisor: MARKET IN THE MIDDLE
Financial Advisor     OMYEN uses a couple of key tools to try and help financial advisors serve less-affluent clients.
By Joel P. Bruckenstein
Click here to read the full story.
 
03/06/2011     Investment News: Measuring a client's financial health
Investment News     Omyen develops index intended to shed light on fiscal well-being.
By Deborah Nason
Click here to read the full story.
 
10/12/2010     Advisor Perspectives: The Perfect Storm: Threat or Opportunity
Advisor Perspectives     Financial turmoil of our lifetime, a massive wave of baby-boomers sliding into retirement, and Dodd-Frank Law converge into an opportunity for some and threat for others. Click here to download the full story.