RICHMOND, Va., July 28, 2020 /PRNewswire/ -- Envestnet |
MoneyGuide today announced that MoneyGuide and Envestnet Analytics
have teamed up to provide free plan analytics to clients of
MoneyGuide. This new service will be integrated into MoneyGuide and
will provide analysis of planning usage, key metrics, and update
patterns.
The analytics will be available via a software-as-a-service
(SaaS) platform in the form of online dashboards with filtering and
export capabilities.
"Envestnet has an industry leading analytics group that already
provides services and data-driven insights to advisors," said
Kevin Hughes, Chief Growth
Officer of Envestnet | MoneyGuide. "This offering further
leverages our partnership to bring Envestnet Analytics capabilities
to the planning data of our individual advisors, as we recently
passed the impressive milestone of 200 integration partnerships.
Our goal with this new free service, which is accessible via Single
Sign-On (SSO) for MoneyGuide users, is to surface hidden
opportunities for our advisors. This empowers them to deliver even
more meaningful and impactful advice, which is the key to achieving
financial wellness."
This new tool will enable advisors to easily filter and see
overall client data broken down into key segments. Here are
some examples of the types of analysis, insights, and functionality
provided with this offering:
Planning Analytics Overview
- Overall financial assets
- Count of clients with plans by advisor
- Client segmentation by stated client/household income, client
age, and retirement status
Plan Detail Analytics
- Plan age analysis
- Plan goals, lifestyle goals, healthcare goals, and college
goals
Master Grids
- Plan detail at the client and advisor level around plan age,
plan assets, retirement status, and other client plan goals
- Exportable to Excel for easy consumption
"Financial planning is the launch pad for financial wellness,"
said Frank Coates, Executive
Managing Director, Envestnet Analytics. "We are excited to
help our advisors using MoneyGuide dig into their planning data and
enable them to better demonstrate how critical the plans are to
customer success. For example, an advisor can filter clients by age
and look at which clients may be approaching retirement and
identify 401(k) rollover opportunities. This is a way to quickly
surface key information for the advisors that can help them build
even stronger relationships with clients."
Advisors will also have the ability to upgrade to premium
analytics that marry their planning data with investment and risk
data through Envestnet Analytics offerings.
For more information on this new offering, interested parties
can attend a webinar on Tuesday, August
4 or Thursday, August 13 at
4:00 pm ET by signing up here.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial
advice and wellness are delivered. Our mission is to empower
advisors and financial service providers with innovative
technology, solutions, and intelligence to make financial wellness
a reality for everyone. Over 103,000 advisors across more than
4,900 companies including 16 of the 20 largest U.S. banks, 46 of
the 50 largest wealth management and brokerage firms, over 500 of
the largest RIAs, and hundreds of FinTech companies, leverage the
Envestnet platform to grow their businesses and client
relationships.
For more information on Envestnet | MoneyGuide, please
visit www.moneyguidepro.com and follow us on Twitter
at @ENVMoneyGuide or LinkedIn.
Media Contact
Dana Taormina
JConnelly for Envestnet
973.850.7305
envestnetpr@jconnelly.com
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SOURCE Envestnet | MoneyGuide