Iress Contributorđ¤Xplan Hint: Speed up with Xtools+ scenario templates
Did you know you can create your own Xtools+ scenario templatesâcomplete with assumptions, strategies, and even custom labelsâready to apply to multiple clients in seconds?
If you find yourself building the same types of scenarios in Xtools+ (think: super contributions, pension strategies, or asset sell-down sequences), you donât need to start from scratch every time. By saving a well-constructed client model as a scenario template, you can reapply that structure to new clients with minimal adjustments.
Templates can retain:
- Income and asset structures
- Strategic assumptions
- Modelling (like contributions, drawdowns commencing an Account Based Pension)
Why is this helpful? It standardises how your team models advice, improves turnaround time for strategy reviews, and reduces input errors. Itâs especially powerful for practices working at scale or those who want to embed best-practice scenario logic.
Create a scenario once, use âSave As Template,â and next time you start a new Xtools+ scenario, select your saved template. Youâll be surprised how much time this can save.
Jump into Xtools+, build your most-used scenario, and save it as a template. Then try applying it to a different clientâsee how fast you can go! And if youâre not sure where to start, head to the Iress Community for examples and a step-by-step guide.
You can get more information here Iress Community - XTOOL Scenario Templates
3 Replies
- courtney.youngblutt
The first area that comes to mind for me luke.watson3 is cashflow allocation.
You could create a couple of different default surplus and deficit allocation templates for different circumstances.... I am no paraplanner though so I'm sure andrew.wilson.0 and others would have some great examples of more comprehensive Xtools+ templates could save time & add efficiency!
- luke.watson3
Advisely Contributor
I really love all this shared knowledge. I would like to see if I can implement this. What would be a couple of examples where a template would be suitable?
consitent risk profile changes I.e. risk profile reducing at retirement?
- andrew.wilson.0
luke.watson3 further to courtney.youngblutt suggestion, I like to have scenarios templated that I use frequently.
For example, if you are regularly creating scenarios for starting an Account Based Pension or Commencing Salary Sacrifice. These can be templated then you are only modifying the inputs rather then having to create from scratch each time.
You may find that you want to have separate templates for single clients and couples. Work out a naming convention that works for you and your business and everyone can work off the same set of templates.
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