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How to Share Scenarios with Your Advisor
What does it mean to share a scenario with my advisor on Pocket Plan?
Sharing a scenario allows you to collaborate directly with your financial advisor on specific “what-if” situations. It’s one of Pocket Plan’s most powerful tools for exploring future decisions, optimizing your financial path, and getting tailored advice.
Do I need an active advisor connection before sharing scenarios?
Yes. You must first connect with an advisor inside Pocket Plan. Once the connection is active, your advisor can instantly view and collaborate on any scenarios you create.
How do I access the Scenarios tool?
You can reach it directly from your main Pocket Plan dashboard:
1- Log into your Pocket Plan account.
2- Open the Scenarios section from the dashboard menu.
3- View existing scenarios or begin modeling a new one.
How do I create a new financial scenario?
Creating a scenario is simple:
1- Click Create Scenario.
2- Choose the financial topic you want to model (e.g., debt payoff, budget change, retirement planning).
3- Adjust the inputs to reflect the situation you want to explore.
4- Save the scenario so your advisor can review it.
This feature helps you test different outcomes without affecting your actual financial plan.
What happens after I create a scenario?
Once the scenario is saved, your advisor automatically gains access. They can:
1- Review your assumptions
2- Suggest optimizations
3- Identify risks
4- Recommend the best financial path based on the model
5- Guide you on how to use your existing accounts and resources effectively
This collaboration gives you clarity before making real-world decisions.
What types of scenarios should I share with my advisor?
Here are the most common and helpful examples:
1. Reviewing Assets and Liabilities
Get an expert’s perspective on your current financial standing.
2. Developing a Budget
Work with your advisor to create a sustainable, realistic budget.
3. Building an Emergency Fund
Plan how much you should save and how fast you can reach your safety goal.
4. Retirement Planning
Ensure your long-term goals are achievable and aligned with your timeline.
5. Major Purchases
Model big decisions such as buying a home or car before making the leap.
6. Investment Planning
Test potential investment strategies and understand their long-term impact.
What should I do after my advisor reviews the scenario?
Once you receive feedback, you can:
1- Apply the recommended changes to your main financial plan
2- Adjust the scenario and re-evaluate it
3- Compare different versions before final implementation
This iterative process helps you move forward with confidence.
Can I stop sharing my scenario or disconnect from my advisor?
Yes. You can disconnect from your advisor at any time. Once disconnected, the advisor will no longer have access to your scenarios or your plan.
Frequently Asked Questions
What is the benefit of sharing scenarios instead of just asking for advice?
Sharing scenarios gives your advisor concrete data to analyze, making the advice more accurate, personalized, and actionable.
Can my advisor edit my scenarios?
Yes, advisors can review, comment, and collaborate, but you stay in control of your plan.
Do changes in a scenario affect my main plan automatically?
No. Scenarios are sandbox environments. You choose when (and if) to apply those changes to your main plan.
How many scenarios can I create?
Pocket Plan allows multiple scenarios, so you can explore several financial paths side-by-side.
Will my advisor be notified when I create or update a scenario?
Although they are not notified, they have immediate access to your scenarios once you’re connected.
