As advisors grow more reliant than ever on software to track their clients’ accounts–and as the choice of products has grown at a mind-bogglingly fast rate–Aite Group has released an in-depth report that rates 11 major players’ financial planning platforms.
The 90-page Aite impact report names the most suitable solutions for five unique segments of financial advisors: planning-driven, planning-supported, planning-selective, planning-challenged, and investment-focused.
For example, Aite recommends MoneyGuidePro for planning-driven advisors when conducting planning for clients with less than $1 million in investable assets and NaviPlan for planning-driven advisors when conducting planning for clients holding more than $1 million in assets. For planning-challenged advisors, Aite recommends AdvisorVision, a solution that delivers client-friendly recommendations, graphics, and charts without requiring advisors to engage in significant manipulation.
Overall, the report profiles PIE Tech MoneyGuidePro, EISI NaviPlan and Profiles, PlanPlus Planit, AdviceAmerica AdvisorVision, Finantix Components for Financial Planning, Polaris Intellect Wealth FNA, Tata Consultancy Services TCS B?NCS Wealth Management, SunGard WealthStation, Informa Investment Solutions WealthIQ, Scivantage Financial Compass and Methuselah, and Thomson Reuters Financial Planning.