Envestnet | MoneyGuide is offering Plan Analytics Premium version to the Plan Analytics to improve data shifting and visualization capabilities.
FREMONT, CA: Earlier this year, after introducing plan analytics, Envestnet | MoneyGuide is now providing Plan Analytics Premium. It will be an additional component that takes data shifting and visualization in the current version to the next level. The premium version is available for the new and existing MoneyGuide subscribers. It also includes the users of MoneyGuideOne, MoneyGuidePro, and MoneyGuideElite. Along with the smart, efficiently produced analysis offered by the plan analytics, Plan Analytics Premium provides advisors access to the Plan Pulse and Client Opportunities features.
Plan Pulse
It helps to auto-update a plan's Probability of Success every week. The advisors can easily filter with the Monte Carlo meter's help and take instant action if necessary. Plan Pulse will even estimate the Probability of Success for clients with plans that fulfill a certain threshold of account integration.
Client Opportunities
The segments plan data into actionable lists that is based on several datasets that recognize opportunities so that it can engage with clients. For example, an advisor can visualize the clients close to retirement age, listed in order of status, or group clients in other age brackets. It helps it to recognize related opportunities that include insurance, health, and lending.
Recommendations (Coming Soon)
The solution can make smart list functionality even simpler. For instance, it mines and surfaces important data and pushes the ever-changing recommendations on portfolios the advisor might target to ensure they do not miss an opportunity to give great advice.
According to a press release, Tony Leal, President of Envestnet | MoneyGuide said that since the company introduced the planning analytics tool earlier this year, they have received a definite request from the clients. That is, they want more of it. The answer to the clients' request is this premium version because it can do more heavy lifting for the advisors who utilize MoneyGuide and empowers them to quickly recognize new prospects to help their clients accomplish financial wellness. For instance, an advisor can be notified that clients might profit from having a conversation about the options related to life insurance options.
