Overview

Read from, create, or update MoneyGuide financial records based on your form submissions.

What you need

• An active Feathery account and form
• An active MoneyGuide account

Background

MoneyGuide is a suite of financial planning software products developed by PIEtech (now part of Envestnet). It is used primarily by financial advisors and planners to create comprehensive financial plans for clients. The software helps advisors analyze a client’s financial situation, model future scenarios, and develop strategies to help them achieve their financial goals.

Benefits

MoneyGuide offers several benefits for financial advisors, firms, and clients alike. Here are some of the key advantages:

1. Enhanced Client Engagement:

• Interactive Planning Experience: MoneyGuide’s interactive features and visual tools allow advisors to create a more engaging and educational experience for clients.
• Goal-Based Focus: The software emphasizes a goal-oriented approach, which helps clients visualize and understand how different decisions impact their ability to reach specific life goals, such as retirement or education funding.

2. Improved Efficiency for Advisors:

• Streamlined Financial Planning Process: MoneyGuide automates many aspects of financial planning, reducing the time needed to create and update plans.
• Integration with Other Systems: The platform integrates with a variety of CRM, portfolio management, and custodial systems, allowing data to flow seamlessly and reducing administrative workload.

3. Comprehensive Scenario Analysis:

• What-If Scenarios: Advisors can model different scenarios and evaluate the impact of various financial decisions (e.g., early retirement, investment strategies, major purchases) on a client’s long-term financial health.
• Risk Management & Stress Testing: The software can run simulations to test how plans hold up under adverse conditions, such as market downturns or unexpected expenses.

4. Customization and Flexibility:

• Tailored Planning: MoneyGuide can be customized to fit different client needs, whether for high-net-worth individuals or those just beginning to accumulate wealth.
• Various Versions: MoneyGuide offers several versions—MoneyGuideOne, MoneyGuidePro, and MoneyGuideElite—allowing firms to select the right tool based on their planning complexity and client base.

5. Scalability for Financial Firms:

• Support for Team-Based Planning: The platform supports collaboration among multiple advisors and teams, making it suitable for firms of different sizes.
• Compliance and Documentation: MoneyGuide assists firms in maintaining compliance through documentation, comprehensive reports, and audit trails.

6. Increased Client Retention:

• Building Client Trust: By using detailed and visually compelling planning scenarios, advisors can build deeper trust with clients, leading to higher satisfaction and retention.
• Client-Friendly Interface: Clients can log in and view their plans through an intuitive interface, enabling better understanding and engagement with their financial future.

7. Enhanced Advisor Value Proposition:

• Competitive Edge: The platform’s sophisticated planning tools can help advisors differentiate themselves by providing a higher level of service and advice.
• Focus on Financial Wellness: MoneyGuide allows advisors to emphasize holistic financial planning, which goes beyond investment management, helping clients achieve overall financial wellness.

8. Risk Management and Projection Tools:

• Monte Carlo Simulations: MoneyGuide uses Monte Carlo simulations to show the probability of success for a plan under varying market conditions, giving clients a clear view of potential outcomes.

These benefits make MoneyGuide a robust solution for financial professionals looking to offer a more personalized, efficient, and scalable financial planning experience to their clients.