Envestnet MoneyGuide

Envestnet MoneyGuide is a financial planning software designed to assist financial advisors in creating customized and detailed financial plans for their clients. According to the vendor, this software is suitable for financial advisors of all sizes, from solo planners to large enterprise firms. It is widely used by professionals in various industries, including financial advisors, wealth management firms, independent registered investment advisors (RIAs), broker-dealers, and insurance agencies.

Key Features

MyBlocks: According to the vendor, MyBlocks is a client-led planning tool that simplifies complex financial topics and helps engage the next generation of investors.

MoneyGuideEliteSM: The vendor claims that MoneyGuideEliteSM provides illustrations of income distribution, tax planning strategies, lifetime protection strategies, and the benefits and tradeoffs of annuities.

Wealth Studios: According to the vendor, Wealth Studios offers interactive demonstrations of advanced estate planning strategies, addresses client cash flow questions, and models dynamic net worth.

LIFESTYLE GOALS: The vendor states that this feature helps clients define and prioritize their goals into Needs, Wants, and Wishes, providing perspective for financial decisions and facilitating informed choices.

PLAY ZONE®: According to the vendor, PLAY ZONE® allows clients to interact with their lifestyle by adjusting plan elements, such as retirement age, goals, and savings, and immediately see the impact.

HOLISTIC STRESS TESTING: The vendor claims that HOLISTIC STRESS TESTING is a dynamic presentation feature that helps plan for factors outside of anyone's control and provides answers to tough questions using a simple slider.

CASH FLOW: According to the vendor, CASH FLOW maps out retirement years with the Retirement Cash Flow Chart, plotting various goals, options, surpluses, and shortfalls based on the client's plan inputs.

Transform how clients view their financial future with MyBlocks: According to the vendor, this feature facilitates ongoing advisor-client collaboration, sets realistic expectations, and helps clients discover answers to complex questions while delivering control and choice within a familiar user interface.

Income Studio: The vendor claims that Income Studio provides a holistic view of clients' yearly income sources, educates clients on how expenses can be funded, and predicts surpluses or deficits.

Lifestyle Studio: According to the vendor, Lifestyle Studio allows clients to co-design their own plan and make informed decisions, providing a breakdown of projected net worth by asset type and individual asset balances.