CalcXML Introduces FIST Score: A Comprehensive Financial Health Index

SALT LAKE CITY, Feb. 26, 2019 /PRNewswire-PRWeb/ -- CalcXML, the leader in online calculators, is pleased to announce their latest product called FIST® Score, a revolutionary financial health index used to gauge and improve financial stability. FIST is available to companies and consumers through a SaaS dashboard application. Chris Brockbank, the president of CalcXML, believes this unbiased personal financial index is going to modernize the financial world. "FIST® Scores will become as commonplace as FICO® Scores. FIST allows financial institutions to connect with their patrons like never before. As individuals better understand the "why" of sound financial planning the "what" follows naturally, through choice and without coercion. Trust is always key in relationships and the integrity of FIST® allows for that trust to happen!"

FIST® (FInancial STabilty) Score is similar to a credit score, but evaluates all aspects of a person's financial health not just one's debt levels and credit worthiness. This straightforward index (0-100 scale) can be used to help individuals quickly and accurately identify shortfalls in insurance protection, retirement accounts, and emergency funds. By answering a handful of questions users are able to pinpoint where the financial vulnerabilities lie within the categories of liquidity, debt, retirement and insurance. A colorful dial displays one's calculated score in each category on the personal dashboard with the ability to compare scores against others nationally.

The user's experience doesn't end there, using AI technology, industry-standard interest rates and income replacement assumptions, the FIST® tool gives suggestions on how to improve one's score and overall financial health. Users are able to follow the recommendations, set and track financial goals, and generate colorful PDF Action Plans on their way to improving their scores. FIST® also comes with personalized videos, advanced planning tools, customizable boxes for promotion of company product/benefit offerings, as well as single sign-on capability. Other features include administrative tools, marketing reports, target email lists and company-defined database queries. FIST® Score is now available for licensing and branding to employer groups, brokerage firms, insurance companies, banks, credit unions and other financial verticals.

Click to watch a short promo video of FIST.

SOURCE FIST Score