eMoney Advisor Overview
eMoney Advisor is a comprehensive financial planning and wealth management platform designed to support financial advisors in delivering personalized, effective, and engaging financial planning services to their clients.
What eMoney Advisor Does
eMoney Advisor provides a robust suite of tools and services that enable financial advisors to build, manage, and deliver customized financial plans tailored to the diverse needs of their clients. The platform is designed to streamline the financial planning process, enhance client relationships, and drive business growth for advisory firms.
Key Features and Functionality
Financial Planning Capabilities
- Cash Flow Planning: eMoney offers advanced cash flow planning tools that allow advisors to analyze clients’ entire financial lifecycle, including tax and estate planning, and create detailed financial projections.
- Goals-Based Planning: The platform includes a streamlined, goals-based planning solution that helps advisors focus on clients’ specific life goals, such as retirement, education, and spending. This tool enables the creation of plans efficiently and interactively.
Client Portal
- The Client Portal provides clients with an interactive and transparent way to engage with their finances. It includes features like secure file sharing and storage, spending and budgeting tools, and personalized financial plans organized by topics such as Overview, Profile, Income, Balance Sheet, and Retirement goals. The recent ‘My Plan’ tab enhancement allows clients to easily view, edit, and visualize the impact of their financial decisions.
Data Aggregation
- eMoney is recognized as the #1 client-rated data aggregation platform, aggregating over 82% of accounts through API or direct feed. This capability ensures comprehensive and accurate financial data collection, enabling advisors to create holistic financial plans.
Integrations
- The platform integrates with a range of other financial planning and investment management platforms, such as Orion Advisor Solutions and Envestnet. These integrations streamline workflow and provide a seamless client experience.
Analytics and Insights
- eMoney offers business analytics, insights, and data tools that help advisors gain a deeper understanding of their clients’ financial situations and make informed decisions. This includes advanced reporting and scenario comparison features.
Security and Support
- The platform adheres to the highest information security standards, ensuring data protection through best-in-class security practices, network security policies, disaster recovery plans, and annual security reviews.
- eMoney provides comprehensive support services, including onboarding and training, client support from an award-winning team, and professional services such as data entry, plan development, and consultative services.
Future Enhancements
- eMoney Advisor is continuously evolving, with a product roadmap focused on collaborative planning. Upcoming features include a premium client portal experience with a mobile app and personalized homepages, improved foundational planning workflows, and enhanced goal planner capabilities.
Conclusion
In summary, eMoney Advisor is a powerful and flexible financial planning platform that empowers advisors to deliver personalized, effective, and engaging financial services to their clients. Its comprehensive suite of tools, robust data aggregation, and seamless integrations make it an indispensable resource for financial advisory firms.