eMoney Reviews & Product Details

I love how much I can do. I can model extremely specific financial scenarios that benefit my clients tremendously. There are hardly any limitations when it comes to creating impressive, comprehensive financial plans. The data entry is intuitive and easy to understand. Goals planning and decision center are life savers when it comes to analyzing specific scenarios for most clients. Review collected by and hosted on G2.com.

Only a few things come to mind. I have trouble modeling the following:

1. Debt Payoff - I'd love to more easily put in a debt snowball that automatically rolls the prior payment to a new debt. Currently, if a debt gets paid off mid-year, I have to manually figure out how much to apply to the next debt that year and then do the full amount the following year. It's just not very precise and takes a lot of time.

2. Home purchases with shorter and more specific time horizons. If a client/prospect says to me: "My lease is up in June next year. I want to buy a house at that time." It's really challenging to accurately model that for them to account for 6 months of rent plus a mortgage payment for the rest of the year. The current Buy/Sell Transaction feature would just start the mortgage on January 1 and over project their spending. It obviously doesn't make a huge difference in their overall long-term plan, but I would love to be able to project short term plans more effectively. Review collected by and hosted on G2.com.

I love how detailed eMoney allows me to get with cash flow modeling. I pretty much exclusively use the advanced planning mode, and data entry is efficient. I started using the software 2 years ago, and I receive da lot of support from eMoney as a new user. I had an eMoney coach that helped me to understand how I could best leverage the software in my work with clients, and she directed me to a lot of helpful resources. Their help database has a ton of resources in lots of different formats on pretty much any topic you can think of. I almost never have problems with our Tamarac account integration. Review collected by and hosted on G2.com.

eMoney is great for 99% of client cases. However, there are a few times a year where I run into a situation that is tough to model because a client will have a very unique situation like selling a future property after a remodel and a mortgage rate adjustment which is a pain to model. If something goes wrong, it an be tough to troubleshoot and find the problem. eMoney support is the best resource if you run into that type of problem, but they can also struggle on very complex issues. I don't always get a helpful resolution on my complex questions and often I have to try to find a workable solution I can present to the client myself. Review collected by and hosted on G2.com.

I like that it is extremely easy to navigate and present with clients. The implementation into our business has been seemless and integrates with other software that we use like Black Diamond. We use this with every client and it adds a huge value to what we do as advisors to be able to change different assumptions and allow clients to look at their plan from a holistic point of view. Review collected by and hosted on G2.com.

It is crucial that the data you input is analyzed before showing a client. There are various assumptions eMoney makes that we might not make intuitively as advisors like the method of withdrawing funds in retirement. These are customizable, but it is important to double check before meeting with a client. Review collected by and hosted on G2.com.

I like the ability to run comprehensive reports and financial plans. I like that the software is pretty easy to use. The chat support feature is very nice and I love that I can add pictures to describe the issue I am having. I use it every day for every client I serve. Review collected by and hosted on G2.com.

I wish we could have access to healthcare simulators/IRMAA brackets. The integrations for some smaller credit unions isn't great. Review collected by and hosted on G2.com.

The holistic and comprehensive features, quick turnaround on new implementation, the customer service always knows what they are doing and is quick to respond. They actually hear out ideas and suggestions and will work with you to help accurately represent situations in the Decision Center. Everything about this software is a must-have and must-use for advisors who care about giving quality advice. I use eMoney daily and out clients have grown to love the Vault as a means of sharing documents. It intergrates seamlessly with the accounts we oversee and clients are able to update outside accounts on their end. It is an easy to use, intuitive software that I don't think I could ever work without. Review collected by and hosted on G2.com.

There is truly not one thing I dislike about eMoney. Review collected by and hosted on G2.com.

We say that our firm is "financial planning centric." eMoney is key to enabling us to live this out. It is robust and also constantly evolving to bring new tools and adapt to changes in markets, policy, and more. Most of all, it allows to illustrate the impact of potential decisions in the context of a client's complete financial picture, rather than in isolation. This helps to avoid unintended consequences and narrow thinking. Review collected by and hosted on G2.com.

If there is anything to dislike, it is that it can be a bit clunky to navigate through. Also, the client portal's budgeting tool struggles at times to properly categorize spending, and the connections to outside accounts frequently break. Review collected by and hosted on G2.com.

eMoney is the most comprehensive financial planning software available. It allows the serious planner to model anything a client throws at you. Their customer service is second to none, with a knowledgeable representative available to assist you with almost any question you may have. Review collected by and hosted on G2.com.

Due to its highly accurate cash-flow modeling, eMoney does take more time than less detailed planning tools available. However, eMoney does offer a simpler planning tool, which I haven't used, as my clients and I appreciate the more detailed planning. Review collected by and hosted on G2.com.

The support and chat features are super helpful. Review collected by and hosted on G2.com.

The roth conversion feature - when you hit fill up bracket - the last year the bracket is always messed up because its accounting for taxes. So I can never use the fill up bracket feature - and I always have to do it manually. There is not a good way to model mega back door roths because the system cannot calculate how much is left over from pre tax and employer contributions to fund the post tax bucket to then convert to a roth IRA. So, I have to enter the amount manually and then do a transfer flow. There is no good way to model and do a break down of the taxes that would be generated from a home sale. Review collected by and hosted on G2.com.

Support has been responsive, implementing user suggestions and making creative and useful improvements over the years. The latest "Decision Center" sped up the client review process with single click selection of various reports.

Clients gain a sense of peace having all of their finances summarized and updating in one place, working together in a complete plan. They know they always have access to copies of important documents in "the vault".

We have tracked client projections over 21 years to current, illustrating the accuracy of the system. That gives us confidence in our planning that is obvious to our clients. We now use it with nearly all clients. Review collected by and hosted on G2.com.

It took us a while to get efficient with advanced planning techniques, but had not taken time to have everyone go through the training. As we went through the training modules, it became like a second language - simple to use. Like anything worthwhile, you need to dedicate time time to learn it.

It can handle some of the most complex planning scenarios. You can get lost figuring it out yourself. We now have a rule to spend no more than 5 minutes on something new - then search help and contact support quickly if needed. That is what they are there for and are always happy to help. Review collected by and hosted on G2.com.

Emoney is an industry best financial planning tool and an integral part of any financial planning or advisory firm. It does a great job of helping client engage in the process and gain more clarity on their situation Review collected by and hosted on G2.com.

I would like E Money to better incorporate Conversion and distribution strategies and also better reflect IRMAA. I believe it is a better tool for accumulation rather distribution Review collected by and hosted on G2.com.