RICHMOND, Va., Feb. 22, 2021 /PRNewswire/ -- Envestnet |
MoneyGuide announced the launch of MoneyGuideEngine, a repertoire
of financial algorithms that offer the same capabilities that power
the industry's No. 1 financial planning solution. MoneyGuideEngine
is now available and accessible to any personal finance-based
digital offerings.
"Essentially, we are now enabling firms to integrate our tried
and tested 'calculation brain,' or the central API engine that
makes Envestnet | MoneyGuide tick, within their own planning
software offerings and products," said Tony Leal, President of Envestnet |
MoneyGuide. "This means firms and advisors can own the fun part
of creating the client planning experience, and they can rely on
our award-winning APIs for the boring, yet essential, math and
algorithms that connect the dots of the financial plan."
MoneyGuideEngine can help firms save time and worry less about
maintaining financial projections—giving them more time to focus on
client experience. MoneyGuide's financial projections are highly
confirgurable, enablings firms to provide reliable financial advice
based on their own views regarding capital markets.
Examples: The Power of MoneyGuideEngine
- Goal-Based Investing: Firms can create their own digital
experiences to get clients involved in the financial planning
process. The MoneyGuideEngine can support projections to help a
client understand savings progress towards a goal.
- Long-Term Financial Planning: The MoneyGuideEngine is
specialized to perform long-term projections to plan for the rest
of one's financial future. For example, the MoneyGuideEngine can
calculate tax-efficient withdrawal strategies, provide insights
related to possible future life insurance needs, and more.
- Self-Directed Planning: The MoneyGuideEngine can handle
a variety of financial topics, some of which may be appropriate for
a client to address without an advisor. A firm could present
substantial client-direct experiences on their website rather than
just textual education.
"The APIs available via MoneyGuideEngine can run a wide range of
financial planning calculations and provide options and insights
and the firm can decide how those are presented to clients," said
Mr. Leal. "This means any firm interested in creating their
own financial planning tools can now run on MoneyGuide's
brain."
Information on Envestnet | MoneyGuide's more than 210
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.
CONTACT INFORMATION
Media Contact for Envestnet | MoneyGuide
Dana Taormina
JConnelly for Envestnet
973.647.4626
envestnetpr@jconnelly.com
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SOURCE Envestnet | MoneyGuide