Note: Depending on your enterprise configuration, access to this featured may be disabled.
To locate the Decision Frameworks , navigate to the Application Management area (gear icon in top right corner) .
Access the 'Decision Frameworks' tab from the options on the left.
You have the ability to create a framework from scratch OR you can copy/edit an inherited framework that was passed down to your account by either Fi360 or your enterprise.
How to Create a Framework from Scratch
Click the blue +New Framework on the right side of the screen.
Provide a Framework Name (what appears in the dropdown when starting an analysis) and a Report Title (displays on PDF output)
Enter the information for Options 1 and 2. (Ex: Stay in Plan vs. Rollover to IRA). Each option will need a Long and Short Name (8 Character limit).
Under each option, indicate whether the estimated costs and benchmark lookup features should display in COMPARE FEES modal. For example, in a Plan to IRA comparison where the Plan is Option 1 and the IRA is option 2, the ideal setup is shown below. The benchmark lookup will show under Option 1 (The plan in this case) and there will be no benchmark section for Option 2 (the IRA). If this were a plan to plan framework though, you would likely want to select the benchmark for both options.
Create your decision factors by clicking the blue “Create Decision Factors” button.
Enter the factor name and description that will show on both the Analysis User Interface and on the PDF Analysis output. Repeat this step until all of your factors have been added.
*Below is an example of how this section will reflect on the report.
Click on the Factor Name to make any desired changes, assign Factor Type or enable the COMPARE FEES button:
- Required or Optional. If left as Required (which is the default), this consideration must be included in the analysis and receive a Low, Medium or High importance to the client. If set to Optional, the Analysis will start with the consideration being set as N/A and not factoring into the recommendation. If the client does indeed feel this consideration is important to them, you can then set the Low, Medium or High importance accordingly.
- Enable Compare Fees Button. If selected (best practice is to include this once in a framework under the fees/costs consideration), a button will appear in the Analysis UI next to that consideration so you can open and complete the Cost Modal (described in Getting Started with Decision Optimizer
*You can re-order the considerations to have them flow in your desired order by grabbing the icon to the left of the title and dragging and dropping into the preferred location.
Add the attestation language/ disclosures that appear in the client PDF after the Analysis summary. You can modify the language for two template types (Advice - a recommendation to rollover was provided; and No Advice - a recommendation to rollover was not given).
In addition to editing the text and adding any formatting, tables, images, you can also drag and drop System Fields into your desired locations within the document. When the client PDF is generated, these system fields will be populated with the corresponding data elements from that Analysis.
Available System Fields:
<Analysis ID> - Unique system ID for this analysis
<Today’s Date> - Date of the report generation
<Client Name> - Text entered in Analysis workflow
<Goals> - Multi-line text entered in Analysis workflow
<Current Account Balance> - Number entered in Analysis workflow
<Age> - Number entered in Analysis workflow
<Existing Client> - Yes or no based on response in Analysis workflow.
<Currently Employed> - Yes or no based on response in Analysis workflow.
<REQUESTED DOCUMENT TABLE> - This is the only example where it is a table that needs printed in the output with the checkboxes selected based on the user’s selections.
Items from DOL Lookup(s) (if available)
<Option 1 Benchmark Data: Employer name>
<Option 1 Benchmark Data: Plan name>
<Option 2 Benchmark Data: Employer name>
<Option 2 Benchmark Data: Plan name>
Attestation View within PDF
Commentary: You can choose whether you would like to allow for the use of the free form commentary box or you can remove the ability to add comments by selecting NONE
Degree of Difference Rules: Within the Compare Fees modal, you can lock in the Low/Medium/High selection based on the difference in fees between Option #1 and Option #2.
Example shown below:
Low = if difference between option 1 and option 2 <= x
Med = if difference between option 1 and option 2 > x and less than y
High = if difference between option 1 and option 2 >= y
X Value = 0.25%
Y Value = 0.50%
Assign a Color Scheme:
*Color Schemes can be designed on a Framework basis or saved and assigned to additional frameworks for a consistent look cross all frameworks.
To Edit an existing Color Scheme, choose a scheme from the drop down and select EDIT
To Create a new Color Scheme, select ADD NEW
Name Color Scheme and then assign colors using RBG, HSL or #HEX identifiers for the following options:
Table Header Background and Font
Factor Row Background and Font
Main Body Font
Once you have completed all of the steps click SAVE in the lower right corner.
Your custom template will then be available in the Decision Framework dropdown when you are creating your analysis. You can continue to edit this framework as needed over time.