RICHMOND, Va. and NEW YORK, Feb. 10, 2021 /PRNewswire/
-- Envestnet | MoneyGuide and MaxMyInterest ("Max")
announced an integration to give advisors more insight into
clients' held-away cash balances and provide an intelligence-driven
solution to help them earn higher yield on their cash.
MoneyGuide users can now seamlessly incorporate Max's patented
cash solution into planning efforts with clients looking to build
an emergency fund or simply better manage their cash. Advisors can
offer their clients a way to obtain preferred rates of up to 0.75%
APY on FDIC-insured deposits with same-day liquidity. Advisors can
then view these checking and savings account balances directly in
client plans within Envestnet | MoneyGuide.
"We believe that everyone deserves a quality financial plan and
cash management is an essential part of that," said Tony Leal, President of Envestnet
| MoneyGuide. "At MoneyGuide, we're committed to helping
clients reach their goals while increasing advisor productivity.
With this integration, we will be able to deliver an innovative way
for advisors to automatically gain greater visibility into cash
balances while helping their clients earn more."
Key Benefits for Advisors and Clients:
- Enables advisors to increase productivity by having their
clients' held-away cash balances seamlessly appear in
MoneyGuide.
- Clients can benefit from a set-it-and-forget-it solution that
analyzes and automatically helps them allocate cash to their
highest-yielding bank accounts, even as rates change.
"Max is used by advisors from more than 1,200 wealth management
firms, many of whom are financial planners using MoneyGuide, so
we're excited to offer this integration to support even more
advisors," said Michael Halloran,
Head of Partnerships and Business Development for
MaxMyInterest. "MoneyGuide knows that more robust data makes
for stronger financial plans. Max combines a unique account
aggregation service with preferred rates and terms at select
institutions to make it easy for planners to help clients earn
more, be smarter with their cash, and achieve their goals."
Information on Envestnet | MoneyGuide's more than 200
integrations is available at
https://www.moneyguidepro.com/ifa/Home/IntegrationPartners.
About Envestnet | MoneyGuide
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 105,000 advisors across more than
5,100 companies including 17 of the 20 largest U.S. banks, 47 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.
About MaxMyInterest
MaxMyInterest ("Max"), a service
of Six Trees Capital LLC, offers cash management solutions for
financial advisors and their clients, self-directed investors, and
institutions to earn dramatically higher yields on cash. Max helps
clients ensure their deposits earn the highest yield possible while
remaining FDIC-insured. Today, Max members can earn up to
0.75% APY on same-day liquid, FDIC-insured cash, compared to
the national savings average of 0.05%.
Learn more about Max's solutions for financial advisors at
MaxForAdvisors.com and self-directed clients at
MaxMyInterest.com.
CONTACT INFORMATION
Media Contact for MaxMyInterest
FiComm Partners
Rita McNeil
(862) 202-1733
Rita.McNeil@FiCommPartners.com
Media Contact for Envestnet |
MoneyGuide
Dana Taormina
JConnelly for Envestnet
973.647.4626
envestnetpr@jconnelly.com
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SOURCE Envestnet | MoneyGuide; MaxMyInterest