You've Changed Jobs, Now What?
Changing jobs is an exciting and challenging time. Perhaps you were granted an equity incentive in your new company, and offered a new 401(k) at a different custodian. You'll need to figure out if you’re going to exercise your old options and if you’re going to rollover your old 401(k) into a rollover IRA. Annise can help you manage your retirement assets and new option grants.
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Connect your new 401(k) and manage your retirement assets
Most likely, your new employer will offer a 401(k) program. You’ll want to connect to the new account but more importantly, you’ll want to make sure you are able to see across all your retirement assets - including those still in your old 401(k) or Rollover IRA. Holistically managing tax advantaged accounts across custodians is a must -- Annise helps you filter and view across all of your retirement accounts. HSA accounts should be viewed in the exact same way.
Options management
If you were lucky enough to have been granted an option to purchase shares in your old company, the first thing you’ll need to do is to decide if you want to exercise those options or not. If you’ve uploaded those option grants and related data into Annise, you’ll quickly be able to see how much it will cost you to exercise your grant, how much you might pay in taxes, and where to get the cash to exercise the options. Inputted values for latest rounds or 409a’s will help determine the true value of this asset. Hopefully your new company will also have an option program and Annise will help you manage your new option grant as well.
Don't lose your data!
As soon as you move assets from one brokerage account to another, you lose access to the transaction history of that original account. Using Annise, all of your original transaction history will have already been downloaded into Annise allowing for a more complete understanding of your account assets, income and price appreciation over time. Monitor your current and rolled over HSAs and 401(k)s to better understand how well you’re doing reaching your retirement goals.
Frequently Asked Questions
What do I get in my free trial of Annise?
Click on the Try it Free button on the upper right of this page. You'll get a 30-day free trial to test our platform features and functionality. At the end of the trial, you can upgrade to a specific plan, stay on the platform with limited functionality and advertising, or delete your family office and leave us feedback.
Which Annise plan is right for me?
Annise pricing is usage based - the more features you use, the more you'll pay. Just syncing brokerage accounts is fee, when you start to add alternative assets, or set up trusts, you'll pay more.
What is wealth management software?
Annise defines wealth management software as a platform that incorporates asset performance with a general ledger, all permissioned to whomever you'd like to have access to whatever assets, accounts, trusts, etc.
How does Annise work?
At its core, Annise is a large database that starts with a base set of knowledge of all publically traded securies, pricing, and related meta data. After you sync your accounts, Annise matches your securities with the market securities to start to be able to educate, inform, and analyze your portfolio.
Does Annise work with all my devices?
Annise works across all your devices. They web is where you'll probably do morst of your work. The iOS app will be for quick analytics an insight, the iOS widge and watch will be for quick peek of performance. And Siri will be for a bit of interaction.
Does Annise charge for Support?
Annise does not charge for support during your subscription, nor does it charge for support during set-up. If you'd like to add historic data to properly calculate MOICs / iRRs or if you'd like us to reconcile our accounts, we charge an hourly fee which you can find under Pricing.
How do my Advisors work with Annise?
Advisors use Annise to empower their clients and build their businesses. Investors grant Advisors access to their Family Offices or to particular assets, accounts, or trusts. Or Advisors grant Investors access to the platform to start to build relationships with prospects and clients alike
Can Annise help me upload historic data?
Yes, when you sync your custodial accounts or add alternative assets and related price and capital call information, you'll probably want to add transactions that occurred prior to the earliest transaction with in your sync'd accounts. This will allo for accurate performance data. Annise can do this for you for an hourly rate found in Pricing.