A financial planning software that offers goal-based planning, retirement analysis, estate planning, and cash flow management. The platform includes various modules for different planning needs and client engagement tools.
Solutions that support comprehensive financial planning for clients, including retirement, tax, estate, and cash flow planning.
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Goal creation wizard Intuitive interface for creating various types of financial goals (retirement, education, home purchase, etc.) |
MoneyGuide has a goal creation wizard as a core component, allowing users to set up multiple types of financial goals such as retirement, education, and home purchase (see product site and reviews). | |
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Goal prioritization Ability to rank and prioritize multiple financial goals |
Goal prioritization is supported via user interface that lets users rank and prioritize their financial goals, frequently cited as a key feature of MoneyGuide. | |
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Goal progress tracking Visual indicators of progress toward financial goals |
MoneyGuide provides visual goal progress tracking, with dashboards visually indicating how close clients are to achieving individual goals. | |
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Goal adjustment tools Ability to adjust goals based on changing circumstances |
Goal adjustment tools are available, letting users update goals if circumstances (e.g., income, timelines) change within the platform. | |
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What-if scenarios Simulation tools to test different financial scenarios and their impact on goals |
What-if scenario modeling is a hallmark feature, allowing users to test different financial or market scenarios and observe projected impacts. | |
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Automated goal recommendations AI-driven suggestions for realistic goal setting based on client financial profile |
Automated goal recommendations are available via AI-powered modules that suggest realistic goals based on financial input (described in Envestnet MoneyGuide and MoneyGuideOne documentation). | |
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Multi-timeline visualization Ability to view multiple goals across different time horizons simultaneously |
Multi-timeline visualization is present via tools like the Play Zone and Lifeguide, which display multiple goals across different time horizons. | |
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Goal linkage to accounts Direct connection between specific accounts/investments and designated goals |
Account linkage to goals is supported, letting users directly connect investment and deposit accounts to specific goals for funding tracking. | |
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Goal-based reporting Customized reports showing progress toward specific financial goals |
Reports specifically referencing individual goals (goal-based reporting) are a standard feature for client engagement. | |
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Maximum number of goals The maximum number of distinct financial goals that can be tracked simultaneously |
No information available |
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Portfolio rebalancing Automated or manual tools to rebalance investment portfolios to target allocations |
Portfolio rebalancing is supported in MoneyGuideElite via integrations with custodians; portfolios can be rebalanced to target allocations. | |
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Model portfolios Pre-configured investment models based on risk profiles and objectives |
Model portfolios: Users can select from pre-configured models based on different risk/return objectives. | |
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Custom asset allocation Ability to create and implement custom asset allocation strategies |
Custom asset allocation is supported, giving advisors flexibility to adjust allocations per client preferences. | |
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Tax-loss harvesting Tools to identify and execute tax-loss harvesting opportunities |
Tax-loss harvesting is integrated with certain custodians and rebalancing tools; may depend on integrations. | |
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ESG/SRI screening Capabilities for environmental, social, governance or socially responsible investment screening |
MoneyGuide supports ESG/SRI investment screens through model portfolios and fund selection filters. | |
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Performance reporting Detailed performance analytics including returns, benchmarking, and attribution |
Performance reporting with returns, benchmarking, and attribution is part of the standard report and dashboard set. | |
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Risk analytics Advanced risk measurement tools including volatility, drawdown, and stress testing |
Risk analytics such as risk tolerance alignment, Monte Carlo simulation-based drawdown and volatility stats provided. | |
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Alternative investment support Ability to include and analyze alternative investments within portfolios |
Alternative investment support exists for assets like real estate, private business equity, etc. | |
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Asset location optimization Tools to optimize which investments are held in which account types for tax efficiency |
Asset location optimization recommendations can be modeled, analyzing account-type best fit for assets. | |
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Portfolio optimization tools Advanced optimization algorithms to maximize returns for given risk levels |
Portfolio optimization tools exist to suggest optimal asset mixes for risk objectives (part of Elite tier and above). | |
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Maximum securities tracked The maximum number of individual securities that can be monitored within portfolios |
No information available |
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Retirement income projections Tools to project income needs and sources during retirement |
Retirement income projection tools are foundational in MoneyGuide, providing income sources, spending estimate projections, and shortfall analyses. | |
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Social Security optimization Analysis tools for optimizing Social Security claiming strategies |
Social Security optimization analysis is explicitly supported—clients can compare different claiming strategies and timing. | |
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Monte Carlo simulations Probability-based analysis of retirement outcomes using multiple scenarios |
Monte Carlo simulations for probability-based goal achievement are a defining feature of MoneyGuide and shown across reports. | |
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Required Minimum Distribution calculator Tools to calculate and plan for RMDs from retirement accounts |
Required Minimum Distribution calculators for IRA/qualified assets are present in retirement planning modules. | |
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Longevity risk analysis Analysis of the impact of different life expectancies on retirement plans |
Longevity/family member life expectancy analysis is available in the assumptions for retirement modules. | |
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Healthcare cost projections Estimates of healthcare and long-term care costs in retirement |
Healthcare and long-term care cost projections appear as part of retirement scenario analysis tools. | |
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Retirement account optimization Analysis of optimal contributions and withdrawals across different retirement account types |
Optimization for IRA/Roth/401(k) contributions and withdrawal modeling occurs in the software's what-if tools. | |
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Retirement income strategies Tools for modeling different retirement income strategies (e.g., bucket approach, systematic withdrawals) |
Various retirement income strategy models (systematic withdrawals, bucket approaches) can be compared in-app. | |
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Retirement lifestyle modeling Ability to model different spending patterns and lifestyles in retirement |
Modeling different retirement lifestyles and spending scenarios is possible in the cash flow and goal modules. | |
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Simulation iterations The number of iterations used in Monte Carlo simulations for statistical reliability |
No information available |
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Tax projection tools Capability to project tax liabilities under various scenarios |
Tax projection tools are provided for scenario modeling of future tax liabilities and bracket impacts. | |
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Tax-efficient withdrawal strategies Analysis of optimal account withdrawal sequences to minimize taxes |
Optimal tax-efficient withdrawal sequencing is available, simulating different withdrawal orders for minimal taxation. | |
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Capital gains planning Tools to manage and optimize capital gains realization |
Capital gains planning modules help optimize asset sales and capital gains realization. | |
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Charitable giving strategies Analysis of tax-efficient charitable giving options |
Charitable giving and donor-advised fund strategies are built-in for tax-efficient giving analysis. | |
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Estate tax planning Tools for estimating and planning for potential estate taxes |
Estate tax estimation and modeling are supported with modules for planning potential estate taxes. | |
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Tax bracket management Strategies to manage income levels relative to tax brackets |
Tax bracket management is part of scenario and withdrawal analysis features. | |
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Tax-loss carryforward tracking Ability to track and utilize tax losses carried forward from previous years |
No information available | |
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Alternative Minimum Tax analysis Tools to project and plan for potential AMT implications |
No information available | |
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Multi-state tax planning Support for tax planning across multiple state jurisdictions |
Multi-state tax planning is possible in MoneyGuideElite via state-specific models and assumptions. | |
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Tax update frequency How frequently the system updates tax rates, brackets, and rules |
No information available |
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Estate distribution modeling Tools to model different estate distribution scenarios |
Estate distribution scenario modeling is included in estate planning modules. | |
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Trust planning tools Support for analyzing different trust structures and their implications |
Trust planning tools (analysis and inclusion in estate models) are included in MoneyGuideElite. | |
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Beneficiary management Tracking and management of beneficiary designations across accounts |
Tracking beneficiaries across accounts is built into account management, supporting estate planning and transfer. | |
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Gifting strategy analysis Tools to optimize lifetime gifting strategies |
Optimization for gifting strategies (lifetime gifting) is supported in higher-tier estate modules. | |
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Business succession planning Support for planning business ownership transfers |
Business ownership and succession planning is present in advanced estate planning portions (elite version). | |
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Estate document inventory Secure storage and management of estate planning documents |
Estate document storage and management is available via secure vault/document upload features. | |
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Dynasty planning Multi-generational estate planning tools |
No information available | |
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Charitable legacy planning Tools for incorporating charitable giving into estate plans |
Charitable legacy planning tools to enable giving strategies as part of client legacy plans. | |
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Estate tax projection Projection of potential estate tax liabilities under different scenarios |
Estate tax projection simulations included in estate scenario analysis. | |
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Maximum generations modeled The number of family generations that can be included in wealth transfer planning |
No information available |
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Client portal Secure online access for clients to view their financial plans and information |
MoneyGuide has a secure client portal for clients to view, interact, and communicate with their advisor about plans. | |
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Mobile app access Dedicated mobile application for client access on smartphones and tablets |
Mobile app access available via MoneyGuidePro's mobile offerings for iOS and Android. | |
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Document sharing Secure exchange of documents between advisors and clients |
Secure document sharing is available through the client portal and advisor interface. | |
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Co-browsing capability Ability for advisors and clients to simultaneously view and interact with the same screens |
Co-browsing (joint session, collaborative navigation) is enabled in the Engage and Elite modules. | |
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Client task management Assignment and tracking of client action items |
Client task management capabilities such as action item tracking and checklists for clients are included. | |
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Virtual meeting integration Built-in or integrated video conferencing capabilities |
Integration with virtual meeting platforms and in-platform video conferencing is advertised by Envestnet. | |
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Collaborative goal setting Tools allowing clients and advisors to collaboratively establish financial goals |
Collaborative goal setting through advisor-client shared planning sessions in Play Zone/Engage. | |
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Notification system Customizable alerts and notifications for clients and advisors |
Customizable notification system for reminders, approvals, and alerts is present. | |
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Client feedback tools Mechanisms for collecting and managing client feedback |
Client feedback tools—users can provide input and feedback to advisors from within the portal. | |
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Maximum document storage The maximum amount of document storage available for client files |
No information available |
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Account aggregation Ability to automatically collect and consolidate data from multiple financial institutions |
Account aggregation (linking external financial accounts) is a supported MoneyGuide feature. | |
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Banking integration Direct connections to banking systems for transaction data |
Direct banking integration is enabled for cash flow and account detail imports (aggregator partners like Yodlee, Quovo). | |
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Investment platform integration Direct connections to investment platforms and custodians |
Integration with investment platforms/custodians is supported (Pershing, Schwab, Fidelity, others). | |
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CRM integration Connectivity with customer relationship management systems |
CRM integration with systems like Salesforce, Redtail, and Wealthbox is offered. | |
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Document management integration Connections to document management systems |
Document management system integration is available (including Box, Sharefile, cloud storage APIs). | |
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Tax software integration Ability to share data with tax preparation software |
MoneyGuide integrates with tax software providers for sharing data (e.g., Intuit). | |
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API availability Availability of APIs for custom integrations with other systems |
API availability for custom integration and data export is available in enterprise agreements. | |
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Data import capabilities Support for manual data imports from various file formats |
Data import/export from several file formats is built into MoneyGuide. | |
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Real-time data updates Frequency of automatic data refreshes from integrated sources |
Automatic and real-time data updates are standard for connected accounts. | |
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Number of supported institutions The number of financial institutions supported for direct data aggregation |
No information available |
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Customizable reporting Ability to create and customize client-facing reports |
MoneyGuide allows for customizable reporting with advisor branding and arrangement of report sections. | |
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Interactive dashboards Dynamic visualization tools for exploring financial data |
Interactive dashboards provide drilldown and scenario visualization built into the advisor and client interface. | |
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Scenario comparison Side-by-side comparison of different financial scenarios |
Scenario comparison (side-by-side) available for alternate market or life events. | |
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White-labeling options Ability to brand reports with advisor/firm branding |
White-labeling reports and web interface supported for independent advisors and enterprise instances. | |
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Scheduled reporting Automated generation and delivery of periodic reports |
Scheduled/automated reporting delivery is available for recurring client reviews. | |
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Benchmark comparison Ability to compare performance against relevant benchmarks |
Benchmark comparisons for portfolios and client performance are a report standard feature. | |
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Peer group analytics Comparison of client situations against similar demographic groups |
Peer group analytics are available in selected report modules comparing clients to similar cohorts. | |
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Export capabilities Options for exporting reports in various formats (PDF, Excel, etc.) |
Export options for PDF, Excel, and other standard formats are provided for report output. | |
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Regulatory compliance reporting Generation of reports required for regulatory compliance |
Regulatory compliance reporting (including fiduciary, Reg BI) is included for professional users. | |
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Report generation speed The average time required to generate complex financial reports |
No information available |
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Data encryption Encryption of sensitive data both in transit and at rest |
All sensitive client data is encrypted in-transit and at-rest, as per platform security documentation. | |
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Multi-factor authentication Additional security layers beyond password protection |
Multi-factor authentication is required for both advisor and client portals/accounts. | |
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Role-based access control Granular permission settings based on user roles |
Role-based access control for staff, advisors, and clients is present. | |
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Audit logging Detailed tracking of all system access and changes |
Audit logging is core functionality (for compliance, security monitoring). | |
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Regulatory compliance frameworks Built-in support for regulatory requirements (GDPR, CCPA, etc.) |
Compliance frameworks such as GDPR and CCPA are explicitly referenced in MoneyGuide legal/compliance materials. | |
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Data residency options Control over geographic location of data storage |
Data residency choices (regionally specific hosting) are offered for enterprise deployments. | |
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Secure client communication Encrypted communication channels with clients |
All client/advisor digital communication is encrypted (secure messaging/chat, document transfer). | |
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Vulnerability testing Regular security testing and vulnerability assessments |
Regular vulnerability testing and third-party security assessments are referenced in Envestnet’s compliance summaries. | |
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Disaster recovery Comprehensive backup and recovery capabilities |
Disaster recovery and data backup capabilities are documented on the vendor's security/disaster recovery documentation. | |
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Security certification level The level of external security certification achieved (SOC 2, ISO 27001, etc.) |
Product and vendor have achieved SOC 2 and/or ISO certified security standards (per Envestnet compliance releases). |
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