eMoney prides itself in being a company built by advisors for advisors. After listening to your feedback and suggestions regarding Goal Planning and how to keep you competitive in the marketplace we are delighted to rollout Version 5.0. There are three very exciting new features available:

Integrated Goal Planning
The feedback we received from our advisors is that although clients plan on fully funding goals they want to know potential saving strategies in order to meet those goals. This is essentially simultaneously treating an item as an expense as well as goal. In order accomplish this two separate presentations needed to be generated and merged together. With V5.0 this analysis can now entirely be generated from the comprehensive plan. A funding tab has been added to the expenses area in the Fact Finder allowing you to select whether an item is a goal or an expense. You can also edit the funding tab in the Planning Center.

For example, if you want to show an item fully funded as part of base facts, keep it as an expense. If you would like to show different savings strategies you can create a plan in the Planning Center and edit the funding tab for that goal. When you create a presentation simply change the scenario of the relevant reports to represent either the base facts or proposed plan.

Remember that goals are only funded up to the level of savings tied to the goal. The goal may or may not get fully funded. Expenses are mandatory and the system will liquidate assets beyond any liquidation priority in order to fund them.

Modular Needs Analysis
Modular Needs Analysis is a new feature enabling creation of a modular plan on Retirement, Life Insurance, Disability, Long Term Care, Education and Accumulation Analysis. These ready made customizable presentations allow you to quickly assess specific aspects of your client’s well-being. This solution is a 3 step end to end solution. It walks you through the workflow and provides the capability of adding or editing pre-entered data within the report. Please look for additional modular needs concepts in future releases.

Standalone Retirement Income Tool
The Standalone Retirement Income Tool is best utilized for those clients approaching or at retirement. It has approximately 30 analysis pages including independent illustrations modeling, mandatory spending vs. guaranteed income, asset allocation and stochastic analysis including stress testing and Monte Carlo. Recommendations from the Retirement Income Analysis may be copied into the Comprehensive Proposed Plan. For more information on the Standalone Retirement Income Tool see ”A Whole New Breed Of Retirement”.

What’s Coming Next?
We are in the process of developing more flexibility in tax design, planning and reporting.

For more information regarding additional enhancements in V5.0 please watch for e-mail communications including the Release Notes and training (note that they will be circulated after the release).

If you have any questions please contact Customer Support on 888-362-4612.