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 such as retirement, education, or major purchases, and in stress-testing for uncertainties like 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: Assets can be assigned to goals flexibly (summary/detail) and prioritized.
• 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 versus discretionary expenses, allowing detailed modeling of lifestyle in retirement.
• Risk & Stress Testing: "What Are You Afraid Of" sliders allow advisors and clients to stress-test plans for market downturns, longevity risk, or other uncertainties.
• Interactive Scenario Tool (“Play Zone”): Clients can adjust sliders, such as retirement age or savings rate, and immediately see the 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 between advisor and client, with different permission levels for viewing or updating.
• 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: Uses SSL encryption for secure data transmission, prioritizing client data privacy.
• Platform Compatibility: Works on Windows, macOS, iPad, and iPhone; supports latest versions of Chrome, Firefox, Edge, and Safari.