Independent financial advisers are increasingly reliant on technology that helps them engage their clients, whilst also devising appropriate retirement or investment plans. These software packages generally allow the adviser to compare two or more investments and display this comparison in an easy to understand, visually stimulating way. Many also give the user a number of equity evaluation formulas, including volatility and risk measures, that can be used for stocks and shares.
The role of a financial adviser has become more complex. With hundreds of different software packages available, we’ve compiled a list of the best.
EMoney have released this powerful financial advisory software to ensure a high-end client experience. The software has retirement, estate, investment, goal-based and cash flow planning tools, practice management, aggregated accounts and secure online document storage. It also provides metrics and analytics to aid understanding of client finances, therefore ensuring they get the best advice.
This software from Envestnet includes an advisor portal, client tools and some add-ons. The advisor portal includes estate, retirement, insurance, goal-based and education planning, asset allocation, cash-flow analysis, interactive plans, data integrations and efficiency tools. The client tools include a client calendar, email and text alerts, a document vault and an interactive plan.
Total Planning Suite
Money Tree have devised this incredible software with the client’s needs firmly in mind. The software provides data summaries, client access portals, third party integrations, cloud based operations and company branding, whilst also having bank-level SSL encryption. This top of the range software incorporates three additional software packages: Silver Financial Planner, Golden Years Cash Flow and Easy Money Power Planner.
MoneyGuide Pro from PIEtech includes a number of unique features, including a college funding planner, health care strategies, social security maximisation and a retirement planner to give the client an easy to understand, personalised report. This software costs around $1,000 per adviser, so is one of the cheaper packages available. However, intelliflo.com may be an even more cost effective option with their IFA software.
This upgraded software boasts great functionality and allows for a comprehensive analysis of liabilities and assets, retirement planning and a very detailed cash management module. The beauty of this software is in its onscreen, side-by-side comparisons that are visibly superior to anything else on the market.