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Envestnet MoneyGuide from Envestnet
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.
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Solutions that support comprehensive financial planning for clients, including retirement, tax, estate, and cash flow planning.
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Financial Goal Management
(9 Yes /9 Known /10 Possible features)
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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 |
Investment Portfolio Management
(10 Yes /10 Known /11 Possible features)
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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 |
Retirement Planning
(9 Yes /9 Known /10 Possible features)
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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 |
Tax Planning
(7 Yes /7 Known /10 Possible features)
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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 |
Estate Planning
(8 Yes /8 Known /10 Possible features)
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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 |
Client Collaboration and Communication
(9 Yes /9 Known /10 Possible features)
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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 |
Data Integration and Aggregation
(9 Yes /9 Known /10 Possible features)
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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 |
Reporting and Analytics
(9 Yes /9 Known /10 Possible features)
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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 |
Security and Compliance
(10 Yes /10 Known /10 Possible features)
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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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