Envestnet | MoneyGuide Introduces 5 Blocks, Powered by Yodlee Financial Data, With Plans for Tamarac Integration
The five new blocks are now available to MoneyGuide customers who have a MyBlocks subscription and have licensed Yodlee data aggregation.
In addition, MyBlocks and the Yodlee apps available through MyBlocks are expected to be available to registered investment advisors (RIAs) using the
"Technology can make financial services more personal and impactful, increasing the value of each interaction and conversation," said
MyBlocks facilitates planning and awareness through an interactive, client-facing interface where key topics such as social security and retirement compatibility are broken up into bite-size "blocks." With the integration of Yodlee FinApps, advisors can create a complete view of assets, insurance and other financial information. The platform allows advisors to engage a diverse range of clients, from all backgrounds, further supported by the new blocks, which include:
- AI Fincheck measures financial health with an AI-driven assistant that automates and improves daily management.
- Cash Flow Analysis tracks finances to evaluate and forecast future expenses and income.
Investment Holdingsprovides a holistic view of a portfolio, allowing users to drill down into sectors and individual holdings.
- NetWorth Summary gives a situational snapshot with an aggregated view of assets and liabilities, which are continually updated.
- OK to Spend outlines cash-flow capabilities with visibility into financial obligations and future income.
"Get clients engaged faster and keep them engaged. That's the foundation of MyBlocks," said
MyBlocks is a separate product offering that integrates with all current configurations of MoneyGuide financial planning software, including MoneyGuidePro®, MoneyGuideOne and MoneyGuideElite.
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More than 99,000 advisors and more than 4,100 companies including: 17 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage
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