Overview

MoneyGuidePro, by Envestnet | MoneyGuide, is a web-based, goal-oriented financial planning software designed specifically for financial advisors. The platform enables close collaboration between advisors and clients—both in planning life goals (e.g., retirement, education, major purchases) and in stress-testing for uncertainties such as market fluctuations, longevity, or large expenses. With interactive “What-If” scenarios, Monte Carlo simulations, a web-based portal, and the ability to share and update plans live, MoneyGuidePro provides a modern, user-friendly platform that supports both simple and highly complex long-term financial plans.

Features and Capabilities

• Comprehensive Planning: Supports full financial plans including goals-based planning, asset allocation, and lifetime income modeling.
• Goal Prioritization: Clients can set single or multiple goals and prioritize them; the system shows how goals interact.
• Flexible Asset Assignment: Assign assets to goals flexibly (summary/detail) and prioritize funding.
• College Planning Module: Includes cost projections and funding sources like scholarships or loans.
• Retirement Planning: Supports multi-period expenses, life expectancy defaults, social security, pensions, part-time income, and relocation assumptions.
• Post-Retirement Modeling: Separates basic living vs discretionary expenses, allowing detailed modeling of lifestyle in retirement.
• Risk & Stress Testing: “What Are You Afraid Of” sliders let advisors and clients stress-test plans for market downturns, longevity risk, or other uncertainties.
• Interactive Scenario Tool (“Play Zone”): Clients can adjust sliders (e.g., retirement age, savings rate) and immediately see impact on their plan and confidence metric.
• Monte Carlo Simulation: Runs probabilistic analyses to project potential future outcomes based on stochastic modeling.
• Client Collaboration & Sharing: Plans can be shared online (advisor ↔ client) with different permission levels (view or update).
• Custom Reporting: Advisors can build custom report templates, maintain report history, and control client printing.
• Advisor Configuration Options: Advisors can define custom asset classes, choose between historical and projected returns, and set model portfolios.
• Integrations: Built-in compatibility with platforms including account aggregation, custodian trade platforms, CRM systems, and risk profiling tools.
• Security & Data Privacy: SSL encryption ensures secure data transmission; client data privacy is prioritized.
• Platform Compatibility: Works on Windows, macOS, iPad, iPhone; supports latest browsers including Chrome, Firefox, Edge, and Safari.