Tag Archives: Fiserv

T3 2014: MoneyGuidePro to integrate Yodlee for account aggregation

Bob Curtis, President and CEO of MoneyGuidePro (right) forecasting the future of financial planning with Harold Evensky (left)

Bob Curtis, President and CEO of MoneyGuidePro (right) forecasting the future of financial planning with Harold Evensky (left)

Popular MoneyGuidePro financial planning software to aggregate held away accounts through a new Yodlee integration

Ask most technology consultants and financial advisers about their account aggregation options, and you’ll likely hear just a few common names.

ByAllAccounts, Fiserv’s CashEdge, and perhaps Intuit.

But Yodlee?

That solution almost never gets mentioned.

Until now.

MoneyGuidePro Integrates Yodlee

In a packed general session at the 2014 Technology Tools for Today (T3) conference, Bob Curtis, President and CEO of MoneyGuidePro announced that the popular financial planning software program will soon integrate account aggregation functionality using services from Yodlee.

One of the reasons I believe Yodlee hasn’t gained traction among financial services technology solutions is price. Yodlee is a rather expensive solution relative to its counterparts in the marketplace.

But MoneyGuidePro is breaking down the potential barrier of cost with very aggressive pricing.

Yodlee For $1 a Day

In his general session, Curtis announced that MoneyGuidePro will offer the Yodlee integration at an introductory cost of $365 annually. That’s right, just $1 per day.

And as to when the Yodlee integration will be available, Curtis told advisers that the account aggregation functionality is anticipated to be rolled out in Q2 of 2014.

For more information on the Yodlee integration with MoneyGuidePro, read the full press release at BusinessWire.

FPPad Bits and Bytes for July 8

I took advantage of the typical summer slowdown and spent most of the week on vacation. I’m back at FPPad headquarters for the next week and then off to Portland, OR to speak to the FPA of Oregon & SW Washington chapter on July 20. Drop on by if you can!

Now, on to this week’s stories of interest.

Fiserv purchase of CashEdge could affect account aggregation space from RIABiz.com

[CashEdge is one of those names that pops up every so often when discussing account aggregation. However, it’s an incomplete solution for advisers seeking reconciliation-ready data for held-away accounts. So I don’t see Fiserv’s acquisition of CashEdge for $465 million dramatically altering the account aggregation space] $465 million deal is mostly a payment processing technology-grab, according to ByAllAccounts.

Envestnet unbundles portfolio management software for RIAs and it won’t be a sideshow from RIABiz.com

[Envestnet is competing in the portfolio management software market with its Vantage product. Will it be powerful enough to compete with market dominators Advent and Schwab?] Envestnet has long been the undisputed leading platform for separate account managers, used by tens of thousands of advisors. The portfolio management software capability it provided, on the other hand, was always viewed as an add-on service.

The Relationship Manager from AdvisorOne.com

[Actifi’s Spenser Segal identifies the Achilles heel of poor CRM software implementation: people] Even though CRM systems have matured, with many systems built specifically for financial advisors, most firms are only scratching the surface when it comes to taking advantage of key features that are designed to help advisors grow their practices.

Fiserv Acquires AdviceAmerica, Expands Front-Office Applications

Long-time subscribers to FPPad my remember my review of ClientVision CRM from AdviceAmerica of Fremont, Calif. back in February 2009.

Earlier today I received an alert that Fiserv, Inc., a financial services technology solution provider, announced its acquisition of AdviceAmerica and will add the company to its Investment Services unit.

Click here to read the press release from Fiserv.

Overall, I liked ClientVision for its simpler user interface and easy learning curve. After all, ClientVision integrated inside Microsoft Outlook, so if advisors know how to navigate Outlook, they can navigate ClientVision.

The press release didn’t mention ClientVision specifically, but I assume that the CRM will continue to be supported under Fiserv’s management.

Let’s hope that the folks managing ClientVision can throw in that global search feature that I talked about in my review. That combined with the low price point would make a capable entry-level CRM for many advisers.