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Carson Group Integrates With Envestnet | MoneyGuide

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What You Need to Know

  • Carson Group-affiliated advisors are gaining access to the full suite of MoneyGuide solutions.
  • The planning tools include MyBlocks and Wealth Studios advanced estate and legacy planning.
  • Carson Group already integrated with Envestnet's Yodlee software platform.

Carson Group-affiliated advisors will soon gain access to the full suite of Envestnet | MoneyGuide solutions as part of Carson’s decision to integrate with the financial planning software.

The planning solutions include the MyBlocks suite of planning tools, which advisors will be able to access within their existing Salesforce and Client Portal experience, Carson and Envestnet said in a joint announcement on Tuesday.

Envestnet’s Wealth Studios, which provides detailed cash flow planning reports and advanced estate and legacy planning tools, is also being made available to Carson-affiliated advisors serving high-net-worth and ultra-high-net-worth clients.

The integration “further optimizes” Carson Group’s existing integration with Envestnet | Yodlee, whose Investment Data Enrichment helps Carson advisors recognize opportunities for their clients, the firms said.

“By engaging with Envestnet | MoneyGuide, we are now providing our partners with seamless access to industry leading, innovative financial tools and calculators that can empower them to give instantaneous and even more powerful advice to clients that addresses their entire financial life,” according to Ron Carson, founder and CEO of Carson Group.

“Carson Group advisors serve clients from many different wealth backgrounds — from ‘foundational clients’ who are just beginning to build wealth all the way up to UHNW — and this integration with Envestnet | MoneyGuide empowers advisors solving for the needs of clients across that broad range,” according to Erin Wood, Carson senior vice president of Financial Planning and Advanced Solutions.

“We see MoneyGuide as a cohesive solution for every client, for any income range and any net worth,” she said in a statement.

Nearly 108,000 advisors and over 6,000 companies including 17 of the 20 largest U.S. banks, 46 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs and hundreds of fintech firms now leverage Envestnet technology and services, according to the company.

(Pictured: Ron Carson, CEO of Carson Group)