Add, Edit, and Delete Goals in Conquest

Guide to managing goals, interpreting charts, and making data-driven adjustments in Conquest for effective financial planning.

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Add Goals in Conquest

To Add a new goal in Conquest:

Step 1
Navigate to the Goals Section: Start by accessing the "Goals" area within the client's financial plan.


Step 2
Click "Add Goal": Click on the "Add Goal (+)" option.


Step 3
Select Goal Type: Choose from a list of predefined goal types (e.g., Financial Well-being, Education Goal, and Major Expense Goal). The Retirement goal is required, and may not be deleted from the plan.

Step 4
Define the Goal Parameters: Input the goal details, such as:

• • Goal name (e.g., "Save $1M for Retirement")
  • Target amount (e.g., "$1,000,000")
  • Time frame (start and end date)
  • Income, savings, and investment assumptions
  • Any relevant expenses or debt considerations tied to the goal

Step 5
Save the Goal: Once the goal is defined, save it to include it in the client’s financial plan.

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Edit Goals in Conquest

To Edit an existing goal:

Step 1
Navigate to the Goal: Find the goal you want to modify in the client's financial plan.

Step 2
Select "Edit": Click on the Goal you want to edit. In this case, we want to edit Financial Well-being Goal.

Step 3
Modify Goal Parameters: Change the relevant details such as:

• Target amount
• Timeline (start and end date)
• Savings or investment strategy
• Assumptions for income, expenses, or cash flow
• Adjust any other details as needed, such as debt repayment plans or risk management strategies

You can access the Strategies already applied to a particular goal. In order to modify Strategies, locate the Strategies tab on the right side of the screen.



You may also use AUTO PLAN with SAM or Expert Planning to make the required changes. The planners have the option to pause or stop the suggestions as they deem appropriate.

Step 4
Save Changes: After making the necessary adjustments, save the updated goal to reflect the new information in the client’s plan.

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Delete Goals in Conquest

To Delete a goal:

Step 1:
Navigate to the Goal: Find the goal you want to remove from the client’s financial plan.

Step 2:
Delete Goal: Click on the 3 dots located below the plan.

 
Ensure that no strategies are currently applied to the goal, as this will prevent it from being deleted.

Step 3:
Select "Delete": Click on the "Delete" button associated with the goal.

Step 4:
Goal Removed: The goal will be deleted from the plan, and it will no longer be considered in any financial projections or analyses.

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Read the charts of a Goal or Graph

In Conquest Financial Planning Software, understanding and interpreting the charts and graphs of a goal is essential for assessing progress and making informed decisions about a client’s financial plan. These visual tools provide a clear representation of key data points, helping financial planners track progress, evaluate assumptions, and adjust strategies as needed.

Here’s how to read and interpret the charts or graphs associated with a goal in Conquest:

The following chart illustrates the current strategy, indicating that the Financial Well-being goal is assessed as "Good," while the Retirement goal is performing at 127% of the anticipated progress.

In this case, the Financial Well-Being goal for the client is developed utilizing the Auto Plan feature in conjunction with the Strategic Asset Management (SAM) tool. SAM analyzes a variety of factors and presents several strategic options for consideration in the planning process. Ultimately, it is the responsibility of the planner to select the most appropriate strategies to incorporate into the financial plan. In this instance, the planner opted for multiple recommendations provided by SAM, effectively addressing all four goals.

The integration of SAM strategies into the planning tool enhances the presentation and evaluation of the goals, providing a comprehensive overview of the financial plan's status. The assessment of the Financial Well-being plan indicates an improvement from "Good" to "Great." Likewise, the Retirement goal has seen significant enhancement, with performance increasing from 127% to over 150% of the anticipated progress.

The charts and graphs in Conquest provide a visual representation of financial data to help track progress toward goals. Understanding these visuals is key to evaluating whether the client’s financial plan is on track, ahead, or requires adjustments. 

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