Wealth Access integrates with MoneyGuidePro

A personal financial management platform is streamlining its process with the financial planning software MoneyGuidePro

Mar 3, 2015 @ 11:02 am

By Alessandra Malito

Wealth Access, a personal financial management platform, announced Tuesday its integration with MoneyGuidePro, a popular financial planning software.

The companies integrated the two programs to make it easier to manage client finances and create financial plans in a streamlined process.

"We have found that a lot of [advisers] were spending a lot of time gathering data to be able to have intelligent conversations with clients," said David Benskin, chief executive and founder of Wealth Access. "A lot of our clients are more financial planning-oriented, so it was a really natural fit for us to integrate with MoneyGuidePro."

Wealth Access is an open architecture system, meaning it has the ability to integrate with other technologies. Prior to the integration, advisers had to sign into separate accounts and input data about clients' personal finances, like held-away assets and liabilities. Now, that data, which is available on Wealth Access, will be pushed through to MoneyGuidePro. From there, advisers can create a comprehensive financial plan.

Integration is a growing trend in the financial advice industry. During the Technology Tools for Today conference in Dallas last month, many companies announced integration plans, including Riskalyze and CLS Investments. eMoney also announced plans to bring 28 companies onto its platform.

"Having that consistent experience for the adviser and client is important, and you're able to accomplish that through integration," Mr. Benskin said.

0
Comments

Are you pleased with this integration?

View comments

Recommended for you

Featured video

Events

How to explain risk to a client

Most investors know investing involves risks as well as rewards and that the higher the risk, the greater the potential reward. But there are different types of risk and some are easier to understand than others, says Kendrick Wakeman of FinMason.

Latest news & opinion

Meet our 2017 Women to Watch

Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.

Raymond James executives call on industry to keep broker protocol

Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'

Senate committee approves tax plan but full passage not assured

Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.

House passes tax bill, focus turns to Senate

Tax reform legislation expected to have more of a challenge in upper chamber.

SEC enforcement of advisers drops in Trump era

The agency pursued 82 cases against advisers and firms in fiscal year 2017, down from 98 the previous year.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print