Tag Archives: eMoney

FPPad Bits and Bytes for February 6

Posted on February 6, 2015 by in Bits & Bytes

On today’s broadcast, the rumors are true: eMoney gets acquired by Fidelity Investments, Advent Software gets acquired by SS&C Technologies, and the SEC reveals troubling cybersecurity issues after its first round of broker-dealer and adviser examinations.

So get ready, FPPad Bits and Bytes begins now!

(Click to watch FPPad Bits and Bytes on YouTube)

Today’s episode is brought to you by Wealthbox CRM.  Version 1.7 just released with delectable features like two-way Google Calendar synchronization, support for popular email newsletter services, an integrated Facebook feed, and more!

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Here are this week’s stories of interest:

Fidelity Investments® Acquires eMoney Advisor from BusinessWire, and

Fidelity Acquires eMoney Advisor PFM Dashboard, Gets Financial Planning Software Thrown In? from Kitces.com

[This week’s top story that EVERYONE is talking about is eMoney’s acquisition by Fidelity Investments. Sources close to the deal cited a purchase price “north of $250 million” with a valuation around four times eMoney’s revenue. This deal marks the first time I can recall an institutional custodian taking ownership of a financial planning software provider. Nearly a dozen others that I listed on FPPad are all privately held with no custodial affiliation.

So the burning question is: What’s the future of eMoney? Executives from eMoney and Fidelity reaffirmed that the company will continue to operate independently, but have the financial backing of Fidelity to accelerate product development and growth. Now for me, eMoney seemed to be doing just fine on its own, always having a top spot in advisor technology surveys and having just released a big emX update two months ago, so did they really need to make a deal?

But on the other hand, if you read Michael Kitces’ take on Nerd’s Eye View, he believes Fidelity purchased eMoney primarily for its client-facing personal financial management tool, or PFM, that works a lot like Mint.com, and just happened to get eMoney’s financial planning software along with the deal. Robo-investment allocators are raising the stakes on client-facing dashboards, but buying eMoney for its PFM solution just doesn’t add up to me.

There are many other PFM options and client-facing dashboards out there like Aqumulate, Blueleaf, MoneyDesktop (MX), and even Personal Capital, who built their own, probably for a lot less than $250 million. So really, nobody knows what the future holds now that eMoney is under Fidelity’s ownership, and you can add me to the list of speculators that can only guess how this deal will influence your decision on what financial planning software you choose to use.] Fidelity Investments® announced today that it has agreed to acquire eMoney Advisor, a leading wealth planning software company, as part of Fidelity’s commitment to deliver an industry leading suite of innovative and meaningful tools and technology to its customers.

SS&C acquires rival Advent Software for $2.7 billion from IBS Intelligence

[Next up is news of another deal, as Advent Software is going to be acquired by SS&C Technologies for $2.7 billion. SS and who? I had never heard of them either until this week, because SS&C is primarily focused on institutions and enterprises, not independent RIAs.

So on the institutional side, the deal makes sense because SS&C is already the largest user of Advent’s Geneva solution, with around 2,400 internal users. But what about the Axys and Black Diamond solutions used by you, the independent adviser?

Bill Stone, SS&C’s chairman and CEO, said in a conference call that the company “did not see anything in Advent’s portfolio that we’d want to rationalise” and “killing a product is the last thing you want to do.”

Cough, TechFi.

So, Advent users, you’re in a little bit of limbo, too until we see this deal pan out, but I suspect not a whole lot will change in the near term. These are well-established companies with mature products that collectively have very high user retention.] The acquisitive US-based firm, SS&C, has expanded its presence in the wealth management software market with the all-cash acquisition of rival Advent Software.

Cybersecurity Examination Sweep Summary from SEC.gov

[And finally, the SEC released its first Cybersecurity Examination Sweep Summary this week, outlining key findings from over a hundred broker-dealer and RIA examinations. Here are my most important takeaways:

3 out of 4 advisers have been the target of cyber attacks, only 1 out of 5 advisers actually have cybersecurity insurance, and very few advisers know where to identify best practices on cybersecurity. Here’s a hint: THIS SHOW is one of them!

Clearly I should dedicate a show in the future exclusively to cybersecurity, but in the meantime, download my free guide on security at fppad.com/security and connect a vendor that specializes in RIA best practices like Itegria, Envision RIA, External IT, True North Networks, Right Size Solutions, and others.] OCIE’s National Examination Program staff, recently examined 57 registered broker-dealers and 49 registered investment advisers to better understand how broker-dealers and advisers address the legal, regulatory, and compliance issues associated with cybersecurity.

Here are the stories that didn’t make this week’s broadcast:

Wealthbox 1.7 – New Integrations & Enhancements from Wealthbox

Today we’re releasing Wealthbox CRM version 1.7 with a flavorful assortment of new add-ons and enhancements.

Advizr Announces Strategic Partnership with Blueleaf Portfolio Management and Reporting Software from BusinessWire

Advizr, a next generation financial planning software, today announced a strategic partnership with Blueleaf, a leading client engagement, data automation and reporting platform for advisors and clients.

Cambridge to have robo offering for advisers in 2016 from InvestmentNews.com

Independent broker-dealer Cambridge Investment Research Inc. plans to have a competitive robo-type offering that works in sync with its 3,000 advisers’ practices in 2016.

 

Watch FPPad Bits and Bytes for February 6, 2015

Watch FPPad Bits and Bytes for February 6, 2015

Fidelity Investments acquires eMoney Advisor

Posted on February 2, 2015 by in Software

Fidelity Investment acquires eMoney Advisor

Fidelity Investments’ acquisition of eMoney Advisor makes the custodian invested in financial planning software.

Updated 7:54 AM ET, February 3, 2015 with valuation information

Fidelity Investments today announced the acquisition of eMoney Advisor, the Conshohocken, Pennsylvania-based provided of popular financial planning and adviser marketing solutions.

Terms of the acquisition were not disclosed by Fidelity Investments.

“North of $250 million”

Some sources cited a purchase price “north of $250 million” and a valuation of four times eMoney’s annual revenue in this Philly.com article.

Sources not authorized to speak publicly on the matter told me the valuation was closer to eight times eMoney’s annual revenue for a purchase price between $250 and $300 million. (Note: we’ll never know the true terms as both companies are privately held and not required to disclose the terms.)

The Guardian Life Insurance Company of America® will retain a minority interest in eMoney Advisor and will continue to use the solution as one of eMoney’s largest clients.

Independent Planning

Today’s acquisition marks the first time I can recall an institutional custodian has taken majority ownership of a financial planning software provider.

I’ve taken the liberty of listing many of the other popular financial planning solutions along with their respective parent company affiliation(s) where applicable.

  • MoneyGuidePro, owned by PIETech, Inc., Private
  • FinanceLogix, owned by OLTIS Software, LLC., Private
  • inStream Solutions, Inc., Private, unknown private equity affiliation
  • Advicent Solutions (provider of NaviPlan® and Profiles™), Vista Equity Partners, a U.S.-based private equity firm
  • Guide Financial, Private
  • MoneyTree Software, Private
  • Advizr, Private
  • SunGard, operating under SunGard Financial Systems, a subsidiary of SunGard Data Systems Inc., Private under ownership of Bain Capital LLC, Blackstone Group LP, Goldman Sachs Capital Partners LP, KKR & Co LP, Providence Equity Partners Inc, Silver Lake and TPG Capital LP
  • WealthTec, Private
  • GoalGamiPro, Advisor Software, Inc., Private

If you have more details regarding the providers listed or wish to add any solutions to the list, please contact me.

Accelerating Integrations

Several questions come to my mind once Fidelity Investments finishes its eMoney acquisition.

Will eMoney continue to support integrations with competing institutional custodians, or is a walled garden strategy coming for the popular planning software? Will the new ownership expand integrations and custodial support, restrict them, or simply maintain today’s status quo?

Ed O’Brien, senior vice president of Technology Platforms for Fidelity Institutional, and Edmund Walters, eMoney Advisor Founder and CEO, graciously carved out a few minutes to converse by phone regarding my questions.

“Our vision at eMoney is not just about delivering financial planning, but making the adviser’s life easier through technology,” said Walters. “Developing integrations with leading technology providers allows us to do that, and now with Fidelity behind us, we will accelerate it.”

O’Brien added by saying, “We want eMoney to continue to accelerate their role in the marketplace to deliver the best advisor experience possible, and that helps make what Fidelity does better.”

In addition, eMoney publicly assured others with similar questions that the company will “continue to operate independently as a standalone entity” in an update on the company Twitter feed this morning.

How Will Custodians Respond?

Consider, however, the perspective of other custodians serving independent financial advisers. How eager will they be to integrate and pass data to eMoney Advisor once it falls under ownership of a competing custodian?

For example, TD Ameritrade Institutional just announced at its conference last week that the new Veo One™ platform will soon integrate data from eMoney Advisor (watch Veo One preview from the National LINC 2015 Conference).

With eMoney falling under Fidelity Investments’ ownership, what’s in the future for eMoney integrations supported by competing custodians?

The question is not specific to TD Ameritrade Institutional. eMoney Advisor is used by over 25,000 financial professionals, who collectively use the institutional custody and broker-dealer services from a variety of providers, including Schwab Advisor Services, TD Ameritrade Institutional, LPL Financial, and Pershing, LLC (under The Bank of New York Mellon Corporation).

This is a developing story. Instead of email you can message me on Cyber Dust at billwinterberg 

FPPad Bits and Bytes for January 16

Posted on January 16, 2015 by in Bits & Bytes

On today’s broadcast, learn about new updates from eMoney Advisor and Redtail CRM, plus, learn what four technology experts are saying about trends you need to watch in 2015.

So get ready, FPPad Bits and Bytes begins now.

(Watch FPPad Bits and Bytes on YouTube)

Today’s episode is brought to you by Building Trust Online, a new business I founded with my executive producer Steve Biermann. You probably already know that videos like this can help you build relationships and trust with clients and prospects who are looking for you online, but you’re not sure how to get started and you’ve never been trained to be confident in front of the camera.

Building Trust Online

Learn more about our coaching and media skills training by visiting buildingtrustonline.com, and sign up for the free newsletter while you’re there.

Here are the links to this week’s top stories:

Tech Review: eMoney’s Next Generation from Financial Planning, and

Work smarter with Redtail CRM from Redtail Technology

[Now this week’s news you need to know comes from two popular software providers in the advisor technology marketplace. First up is eMoney Advisor which announced the release of emX back in mid-December.

emX is a radical and refreshing redesign of the original 360 and 360 Pro products from eMoney, and includes new features like mobile-friendly access for advisors, co-browsing and presentation modes, and deep integrations with many of the industry’s other leading technology providers.

One of those integrations is with Redtail Technology, which is the source of the second update you need to know. This week, Redtail officially rolled out the third iteration of its CRM software dubbed Project Tailwag. Just like eMoney emX, Redtail’s Project Tailwag modernizes the look and feel of the CRM, adds mobile-responsive design, and includes feature enhancements to notes, activities, and contact information in response to advisor feedback.]

Advisers + Technology: Better than Either Alone? from the Journal of Financial Planning

[Rounding out news you need to know this week is a panel discussion moderated by Michael Kitces for the January edition of the Journal of Financial Planning. Industry authorities Joel Bruckenstein, Steve Lockshin, Hardeep Walia, and yours truly tackled tough questions from Michael on the technology trends you need to put on your radar right now.] Leading tech experts Joel Bruckenstein and Bill Winterberg, along with the heads of two prominent platforms, Hardeep Walia of Motif Investing, and Steve Lockshin of Betterment Institutional, discuss how technology can create better advisers.

 

Watch FPPad Bits and Bytes for January 16, 2015

Watch FPPad Bits and Bytes for January 16, 2015

 

FPPad Bits and Bytes for December 6

Posted on December 6, 2013 by in Bits & Bytes

On this week’s broadcast, learn the hits and misses from the year’s most anticipated advisor technology survey, the pending termination of several financial planning software products catches advisors off guard, how the leading independent custodians are stepping up their technology, and more.

So get ready, FPPad Bits and Bytes begins now!

(watch FPPad Bits and Bytes on YouTube)

This week’s episode is brought to you by Angie Herbers Incorporated, a consulting and research company to financial advisory firms, who just released a new white paper called Take Two: The New Direction of Succession that addresses the key elements to create a successful transition to your junior advisors.

ahi 600

Download the Take Two white paper for free, along with other practice management resources, by visiting fppad.com/ahi

Here are this week’s top stories:

Tech Survey 2013: What’s New iIn Advisor Tech? from Financial-Planning.com

[Leading off as the top story is one of the most anticipated technology articles that comes out every year. The first of December marks the release of the annual Financial Planning Magazine Technology Survey, where Joel Bruckenstein digests over 1,100 responses about the various software programs and practice management tools used by financial advisors today.

So who are the winners and losers from this year’s survey?

Redtail Technology, Salesforce, and Tamarac Advisor CRM are the winners among CRM software, as advisors continue to embrace cloud-based technology, with slippage coming from Junxure, ProTracker, ACT, and Goldmine.

In financial planning software, this year’s results are essentially a carbon copy of last year’s survey, with MoneyGuidePro, eMoney, and MoneyTree claiming the top three spots.

And the same is true with portfolio management software, as the top 6 vendors are also a total repeat of last year’s results.

So who missed out on opportunities this year? The survey randomly selected new products from Blueleaf, inStream, and Market76, but found that few advisors had even heard of these relatively new players, which tells me that financial advisors, well, those who don’t watch Bits and Bytes, continue to be a challenging market for new providers to gain exposure.] The move to the cloud is finally taking place. In category after category of this year’s Financial Planning Tech Survey, we found software providers making the shift, and advisors responding.

NaviPlan financial planning desktop products to be discontinued from InvestmentNews

[The next story features news from Advicent Solutions, the company formerly known as Zywave, who provides a suite of financial planning software to advisors under the NaviPro brand.

In an unexpected announcement to some users, the company announced it will sunset six of its NaviPlan products on March 31, 2014, citing an “ever-changing marketplace.”

Going away will be all of the NaviPlan Extended and NaviPlan Standard desktop-based variants, making the cloud-based NaviPlan Premium and NaviPlan Profiles the sole applications that will receive ongoing support and enhancements in 2014 and beyond.

This news reinforces the trend of advisors adopting cloud-based solutions as seen in the Financial Planning Software Survey, so don’t be surprised when other providers announce the discontinuation of their own desktop-based software in favor of cloud-based alternatives.] NaviPlan financial planning products for desktop computers will be discontinued as the owner develops its NaviPro products for online use.

Plowing Ahead from FA-Mag.com

[Software providers aren’t the only ones making big changes in advisor technology, as four of the major custodians are also investing heavily in advisor-facing technology in a very competitive arms race. Once again, Joel Bruckenstein interviewed executives from Fidelity, Pershing, Schwab Advisor Services, and TD Ameritrade Institutional to reveal their strategies to help make advisors more efficient and more profitable through enhanced technology.

There’s a ton of great information in this article, so be sure to read it to see what your custodian is doing to help you grow your business.] Over the last several years, custodians have been investing in advisor-facing technology like never before.

Envestnet | Tamarac’s Advisor Xi(R) Platform Added To Pershing’s NetX360(R) Technology Channel from WSJ.com

[And finally, one company benefiting from custodian technology enhancements is Envestnet|Tamarac. This week, the company announced that its Advisor Xi suite will soon integrate directly with Pershing’s NetX360 custodial platform, giving advisors straight-through processing capabilities for trades in accounts held at Pershing, as well as access to real-time custodial account data.

The real-time data feeds will compliment existing integrations with Schwab and TD Ameritrade supported today, and expand straight-through processing trading capabilities announced at Schwab IMPACT several weeks ago.

Tamarac anticipates that the new integrations will roll out to its 660 firms during the first quarter of 2014.] Envestnet | Tamarac, a division of Envestnet, Inc., a leading provider of integrated, web-based portfolio and client management software for independent advisors and wealth managers, announced today that it has formally begun the integration of its Advisor Xi(R) platform into Pershing’s NetX360(R) custodial channel for investment professionals and Registered Investment Advisors (RIAs). Advisors will have access to this integration in the first half of 2014.

 

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Watch FPPad Bits and Bytes for December 6, 2013

 

 

 

FPPad Bits and Bytes for October 18

Posted on October 18, 2013 by in Bits & Bytes

On this week’s broadcast, a popular financial planning software suite gets a complete overhaul, find out which investment policy statement provider just got acquired, learn how avoiding social media can actually be a risk to your business, and more.

(Watch Bits and Bytes on YouTube)

This week’s episode of Bits and Bytes is brought to you by Total Rebalance Expert, the industry’s largest, privately owned portfolio rebalancing software provider.

Total Rebalance Expert

Designed by well-known CPA Sheryl Rowling, TRX features tax-efficient rebalancing, an easy to use interface, and more, all at an affordable price. To learn how you can gain a half a million dollar return on your technology investment, download the latest white paper by visiting fppad.com/trx

Here are this week’s top stories:

Money Tree Software Announces New TOTAL ONLINE Financial Planning Solution from MoneyTree.com

[This week’s lead story comes from Money Tree Software, providers of one of the leading financial planning software applications used by advisors. Money Tree’s flagship product, Silver Financial Planner, originally started as a desktop program over 30 years ago, and the company introduced cloud-based versions of its software over the last decade.

But with competitors like MoneyGuidePro from PIETech, eMoney Advisor, and NaviPlan from Zywave all performing major redesigns in recent years, Money Tree’s programs began to show their age. But all that is about to change.

This week, Money Tree unveiled TOTAL Online, a significant redesign of Money Tree’s original software which dramatically simplifies data entry and overall usability. Advisors should find the new layout intuitive to use, but still offers the powerful features advisors have some to expect from their planning software.

And you’ll be glad to know that the complete overhaul did not come with a dramatic cost increase. First year pricing for TOTAL Online is $1,342, which includes both the Easy Money Power Planner and Golden Years Cash Flow modules. This is a 25% savings off the regular price when purchased individually, and in subsequent years, a continuing subscription of both modules is just $999.] We know cloud-based software is important in today’s financial industry because advisors want to create, collaborate, and deliver financial plans anytime and anywhere. But that software needs to be flexible and easy-to-use. That’s why we created TOTAL Online.

fi360 Acquires IPS AdvisorPro from PRNewswire.com

[Now when you use any financial planning software, you’re most likely going to define some kind of investment allocation in-line with your client’s goals and risk tolerance. So how exactly do you define the objectives of your clients’ portfolio? With an investment policy statement, of course.

IPS Advisor Pro, founded in 2006 by advisors Norm Boone and Linda Lubitz Boone, has been the go-to solution for advisors seeking ways to streamline the investment policy statement creation process.

But in news this week, IPS Advisor Pro announced it was acquired by fi360, the leading advocate for fiduciary behavior in the investment advisory world.

Financial details of the acquisition were not disclosed, but in a letter to IPS Advisor Pro users, the company assured that functionality and support of the software would continue as it is today for the foreseeable future. Norm Boone and Linda Lubiz Boone will remain on board as consultants to fi360, but no doubt the acquisition will allow them to devote a little more time to running their own advisory firms as well as other activities and interests.] fi360, the premier organization for fiduciary education, investment analytics, support services and industry insights for financial professionals, today announced it has acquired IPS AdvisorPro®, a cloud-based technology that helps financial advisors develop customized investment policy statements (IPS), which are used to document client investment goals and the subsequent procedures to achieve those goals.

Defend your online reputation before it’s too late from InvestmentNews.com

Kristen Luke, founder of Wealth Management Marketing, gives advisers five ways to combat negative online search results.

Kristen Luke, founder of Wealth Management Marketing, gives advisers five ways to combat negative online search results.

[In other news, you’re probably watching this broadcast because you saw a link on Twitter, LinkedIn, or Google+, so chances are you have some type of presence on social media. But did you know that NOT having a social media presence can actually be a risk to your business?

In her debut column for InvestmentNews, Wealth Management Marketing founder Kristen Luke provided two examples of how an advisory firm’s reputation was tarnished because of unflattering information that showed up on the first page of search results for each company.

So what can you do if your firm’s reputation is affected by online search results?

Luke offer five actions you can take right now to combat negative online publicity and reduce the impact of unfavorable press.] You are at risk for a negative online reputation whether or not you engage on the Internet. Two examples come to mind.

Envestnet | Tamarac builds Tamarac University Online, a massive online training program for the Advisor Xi software suite from FPPad

[And finally, you know how important comprehensive training is when you roll out any new technology in your business. Training is critical to the adoption and success of any tool you introduce in your firm.

The folks at Envestnet|Tamarac understand that, and have rolled out a new massive online training resource called Tamarac University Online.

I got a preview of Tamarac University Online, which features training modules on their entire suite of tools, including Advisor CRM, Advisor Rebalancing, and the Advisor View online portal. Each module features hours of how-to videos and instruction, which you can watch on demand anytime, and since it’s mobile friendly, using any device.] Envestnet | Tamarac builds an online university to help advisers master the company’s total office software

 

Watch FPPad Bits and Bytes for October 18, 2013

Watch FPPad Bits and Bytes for October 18, 2013

The adviser’s answer to Mint.com, Personal Capital, LearnVest, and other PFM apps

Posted on July 16, 2013 by in Portfolio Management Software, Software

Mint.com is part of the explosion of personal financial management applications, or PFM, that are so popular among consumers. What is the financial adviser's answer to PFM apps?

Mint.com is part of the explosion of personal financial management applications, or PFM, that are so popular among consumers. What is the financial adviser’s answer to PFM apps?

Consumers are connected to their finances in ways never before possible.

New and innovative apps like Mint.com, Personal Capital, LearnVest and others can loosely be organized into a group of personal finance management, or PFM, tools.

Why Consumers Love PFM Apps

Mint.com alone has over 10 million registered users of its online and mobile app tools. Users can easily aggregate their checking, savings, credit, and loan accounts from a variety of providers and financial institutions, generating one dashboard to consolidate money management.

So when a user of these PFM apps decides it may be time to seek out services from a professional financial adviser, how will the adviser’s technology stack up to the expectations established by the PFM tools?

The Adviser’s Answer to PFM Apps

Fortunately, financial advisers do have tools at their disposal to give clients the convenience of consolidated account reporting. Clients can use them to view their account details at any time and on any device, be it a desktop, laptop, smartphone, or tablet.

Advisers use the same tools to capture information on all of their clients’ holdings, and can then use the data to drive up-to-date financial plans, net worth statements, cash flow illustrations, and much more.

I covered one solution in this month’s column for Morningstar Advisor.

Read The Advisor’s Answer to Popular Personal Finance Management Tools at Morningstar.com to find out more information.

FPPad Bits and Bytes for May 3

Posted on May 3, 2013 by in Bits & Bytes

I’m in San Diego presenting at the Shareholders Service Group 2013 conference, then headed out to Palm Springs tomorrow for FPA Retreat 2013. Grab me and introduce yourself if you’re attending either event!

Here are this weeks stories of interest:

How to secure mobile devices against “WiFi honeypots” from FPPad

[This is important, so I’m sharing it in the first spot this week. WiFi honeypots are hardware devices that fool your laptop and/or mobile device into thinking its connected to a trusted WiFi network. But its not, and unknowingly connecting to a WiFi honeypot exposes you to a man-in-the-middle attack. Read this article now to learn how you can increase your defenses against WiFi honeypots.] Most of the time, you’re likely not at risk of having data you send over WiFi intercepted by someone else. But a number of software programs and hardware devices for sale on the Internet allow users to do just that; sit on public WiFi and eavesdrop on unencrypted data being passed back and forth.

Pershing Broadens the Accessibility of NetX360 to run on Microsoft’s Surface Pro Tablet from PRNewswire

[Ok, the race to support Windows 8 is on. Pershing starts off the PR campaign by announcing its NetX360 custodial platform is now supported on Windows 8. By definition, that means NetX360 also runs on Surface Pro tablets, which run Windows 8. BUT, what I haven’t seen yet is the user interface, and I doubt there have been any major changes to the interface that correspond with the tiles UI (formerly Metro) featured so prominently in Windows 8. I’d reach out to Pershing for comment, but I’m 35,000 feet in the air as I write this.] Pershing LLC, a BNY Mellon company, today announced that the company’s industry-leading technology platform for advisors, NetX360®, now runs on Microsoft’s new Surface™ Pro tablet. The availability and compatibility of NetX360 on the Surface Pro will help advisors manage their business more effectively and efficiently while working in the office or on the road.

Building a Smarter Portfolio from Financial-Planning.com

[Joel Bruckenstein reviews Riskalyze, a web-based tool that uses questionnaires to determine a quantifiable number for a client’s risk tolerance. With the “magic” number in hand, advisers can design portfolios around the client’s appetite (or lack thereof) for risk. Sound familiar? As Bruckenstein mentioned, providers like MoneyGuidePro and FinaMetrica have similar features in their respective programs. But the fresh graphics and appealing user interface give Riskalyze a leg up on the usability factor, so this is one worth watching as they mature.] I recently tried a new cloud-based product called Riskalyze Pro that provides advisors with both risk-assessment and portfolio-construction tools. The tool was developed by Riskalyze Advisors, a new company whose proprietary platform provides risk assessment, portfolio construction, analytics and investment discovery.

eMoney And Zumbox Announce Strategic Partnership To Offer Digital Postal Mail To Clients from PRNewswire

[Here’s an interesting combination. Zumbox is an alternative to paper mail you get every day. Instead, Zumbox scans all your paper mail and delivers it to you through a secure portal. That worked well five years ago when everything came in the mail. I don’t know about you, but today, I get virtually everything electronically, including bank statements, credit card statements, brokerage account trade confirms. Even my tax return this year was 100% electronic. So why eMoney chooses to partner with Zumbox for electronic document delivery over more prevalent providers (say, ShareFile, Box, etc.)? I’m going to connect with eMoney soon, so I’ll report back what I learn.] eMoney Advisor (“eMoney”), the only wealth-planning system for financial advisors that offers transparency, security, mobile access and superior organization for everything that impacts their clients’ financial lives, has announced a strategic partnership with Zumbox to offer Digital Postal Mail to clients whose advisors use the eMoney platform.