What is RightCapital?
RightCapital is a financial planning software that will be the foundation for our planning once you are an established client.
In RightCapital, you can share documents securely, link your spending accounts to track cash flow, connect your retirement accounts, and track your net worth and goals as we progress.
RightCapital use various practices, policies, and technology to ensure not only is your data locked down, but is also limited to what is needed by your financial advisor.
Read on to learn more about client account security from RightCapital's official guidance:
How is my data secured? What do you do to ensure it is safe?
Physical security: We use Amazon Web Services (AWS) to hold your data. It's physically under lock and key, using multilayer access, alerting, and audit measures.
Ongoing audits: RightCapital uses frequent internal and third-party testing to remainup to safeguard data. Employees also receive ongoing security and data protection training.
Backups: Your data is backed up and replicated to geographically separate locations. These safeguards are in place to ensure your data remains intact and online.
Encryption: All data that is transferred and stored is encrypted using bank-level encryption practices. Data in transit and at rest is encrypted using industry-standard HTTPS protocols and uses AES-256 encryption algorithms.
We do not store credentials for external accounts: We do not store the login credentials you use to link external accounts. We partner with Yodlee, known for their expertise and thorough security practices. We use authentication tokens to communicate with Yodlee so RightCapital receives read-only information and cannot access your credentials. No system or person at RightCapital can reverse engineer your credentials.
What does RightCapital do with my data? The portal cannot be used to make transactions. Your data is read-only and used to do things like creating budget reports for you and enabling you and your advisor to track investments, loans, and other accounts for your financial plan.
What does RightCapital use my data for?
We do not sell your data. It’s yours, not ours. Your data is expressly for you and your financial advisor to use as building blocks for your financial plan. It is designed for a successful outcome of better understanding and improving your financial plan.
If you have any questions, please reach out to support@slpwealth.com