FINANCIAL PLANNING SOFTWARE TOOLS HOW TO
FINANCIAL PLANNING SOFTWARE TOOLS SOFTWARE
FINANCIAL PLANNING SOFTWARE TOOLS PASSWORD

Orion offers both goal-based and cash-flow planning and promises robust simulations. Pricing is not available on NaviPlan’s website.

FINANCIAL PLANNING SOFTWARE TOOLS SOFTWARE

NaviPlan software provides standard planning tools plus features like equity compensation, estate and insurance planning, and guided retirement planning. Moneytree Plan, on the other hand, offers in-depth planning for complex financial situations as well as access to estate planning, tax planning and real estate planning. Moneytree Advise caters to advisors who work with clients who are just starting to build wealth or preparing to retire.

Moneytree offers two options: Moneytree Plan and Moneytree Advise. The most basic version, MoneyGuideOne, offers variable testing, goal setting and risk tolerance, but MoneyGuidePro and MoneyGuideElite are more robust.įor an individual advisor, MoneyGuideOne costs $50 per month, MoneyGuidePro costs $125 per month and MoneyGuideElite costs $175 per month, each of which require an annual commitment. Envestnet MoneyGuideĮnvestnet’s platforms include MoneyGuideOne, MoneyGuidePro and MoneyGuideElite. An individual advisor can sign up for $149 per month ($1,499 per year). InStream offers a variety of tools, including a nine-scenario matrix and a Safe Saving rate analysis geared at younger clients. Pricing isn’t public, but it has four package levels to fit your needs: Plus, Pro, Premier and Growth. eMoney AdvisorĮMoney Advisor offers both foundational and advanced planning tools with a client portal that updates in real-time. Enterprise is the most robust offering, with digital onboarding tools and billing for advisors. The Extended version allows advisors to create proposals and view analytics and also adds a client portal with account aggregation. Essentials is the most basic, but its advisor portal provides a dashboard with real-time information.

Advisor360Īdvisor360 offers three options: Essentials, Extended and Enterprise. These eight options are popular solutions in the financial planning community: 1. Popular Financial Planning Software Options Two-factor authentication for user access, data backups and encryption are helpful keywords to keep an eye out for in a company’s listed security features.

FINANCIAL PLANNING SOFTWARE TOOLS PASSWORD

Is It Secure?Īs cyberattacks increase in frequency and complexity, it’s imperative to keep your clients’ personal details secure.īeyond practicing healthy email, document and password hygiene, look for a software option that has strong, frequently updated security policies. Some software options allow for either method of planning, but if you’re committed to one or the other, make sure the software you choose is compatible.

FINANCIAL PLANNING SOFTWARE TOOLS HOW TO

Others focus on cash flow planning, which looks at money coming in and out and evaluates how to reach potential goals. Some options operate solely on goal-based planning, in which you determine major financial objectives and make decisions based on them. Your software is no good if it doesn’t align with your planning method.

Is Your Practice Goals Based or Cash-flow Based? A client-facing portal or document vault can give them a greater sense of control of the process, but it only works if they’re willing to use it. You’ll want to ensure that any software you choose will fit how your clients prefer to communicate and share information. How Do You Communicate?ĭo your clients need a hands-on, in-person approach? Or are they comfortable with digital tools? But on the other hand, as your clients’ situations get more complex, you’ll want software that can accommodate their needs.

Not every client needs every bell and whistle a particular software might offer. Who Are Your Clients?ĭo you work with individual millennial and Gen Z clients who are just starting their financial journey? Or do you work with large families who have multiple homes or a family business? Here are four factors to think about before you look at specific options: 1. Like most things in life, financial planning software isn’t one size fits all. Consider Your Clients’ Needs-and Your Own

Financial planning software tools