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Finance Logix

3.5
(6)

Finance Logix provides financial planning software solutions to Broker-Dealers, Registered Investment Advisor (RIA), and other financial service providers.

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Finance Logix Reviews

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Showing 6 Finance Logix reviews
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Finance Logix review by Stephen M.
Stephen M.
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"An essential tool for financial planning"

What do you like best?

I like it because it has some parts in its interface that are very attractive. The software guarantees clarity and speed of analyzing and entering data without using much effort.

Also, I like it because it has an efficient workflow, easy reporting and that it provides for the convenience of clients through mobile access choices. The dashboard is equally likeable as it enhances easy location of client profiles.

What do you dislike?

Some of it tools are too complex to navigate, they require lots of practice. Like the retirement cash flow and balance pages.

Recommendations to others considering the product

The software is resourceful but you need to familiarize yourself with its features first. The navigation is a bit challenging. May be one should, at first, try it using the free trial.

What business problems are you solving with the product? What benefits have you realized?

My business has benefited through the app by being able to handle clients easily and by acquiring strategic financial options. We are able to manage advisor portfolios for customers.

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Finance Logix review by User
User
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"I have used Finance Logix for a number of years"

What do you like best?

Ability to to do retirement goal planning and break that down into a variety of goals such as retirement income for life, extra travel in retirement for a limited number of years, vehicle purchases every X number of years, etc.

What do you dislike?

I wish that one could input the shortage in Social Security easily into the retirement calculations. This can be done in a manual difficult way, but it should be able to be done in an easier manner.

Recommendations to others considering the product

It does take a little time to figure out some workarounds, but this is a good system to use. Make sure you plan on having time to get up to speed.

What business problems are you solving with the product? What benefits have you realized?

Being able to help clients determine if they are ready to retire by modeling the likelihood of their money lasting throughout their lives enabling them to experience the retirement they desire.

What Other Finance & Insurance solution do you use?

Thanks for letting us know!
Finance Logix review by User in Financial Services
User in Financial Services
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Verified Current User
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"Slow and Difficult to Navigate"

What do you like best?

It's a very clean interface for the most part. The software guides you through proposals and makes it challenging to mess anything up. Integrates with other software that we use, which is nice.

What do you dislike?

It's incredibly slow. There are a lot of extra steps that could/should be skipped over in proposal generation, and every single page needs to reload for any minor change, which makes the processes tedious and time-consuming.

Recommendations to others considering the product

Solid software, and it sounds like their updated platform, ENV2, is headed in the right direction.

What business problems are you solving with the product? What benefits have you realized?

We use their Envestnet software to construct and manage advisory portfolios for our clients. It helps us aggregate information and transact across many portfolios. If set up correctly, can help speed up the process of rebalancing or switching funds across multiple accounts. It has saved us time that we otherwise would be wasting micro-managing individual accounts and portfolios.

Finance Logix review by Jack D.
Jack D.
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"Comprehensive & flexible, but a bit too much for most clients"

What do you like best?

Social security optimization, summary showing difference between what you are saving now and what you need to save, net worth statement

What do you dislike?

pages for retirement cash flow and balances are too complicated for the average client to understand, with stacked bars and a hard to read net cash flow line with about 10 different color bars.

Also, report is too long

Recommendations to others considering the product

Try it out using free trial. Some will like it for it's flexibility and being comprehensive. I personally thought it was too much. Most clients prefer reporting simplicity, which this software falls short.

What business problems are you solving with the product? What benefits have you realized?

It definitely shows advisors and clients numbers that point to confidence in making investment and retirement decisions, such as when to retire, how aggressive do we need to be, and which pension option to take.

Finance Logix review by Consultant in Financial Services
Consultant in Financial Services
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"Finance Logix Review"

What do you like best?

FinanceLogix is very easy to use and navigate. We are able to store all sorts of information on the platform and focus more on clients and building business.

What do you dislike?

My company has only been using the software for a short period of times. I havent personally gotten any negative reviews from those in my company who work with the program. However, if I find something I’d be sure to let you know!

Recommendations to others considering the product

My employees stare how easy to use and navigate the program is.

What business problems are you solving with the product? What benefits have you realized?

Ease of dealing with clients and developing strategic financial solutions to those individuals the company serves on a day to day basis.

Finance Logix review by User
User
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"Love this program"

What do you like best?

This software allows me to spend less time making plans and more time implementing them.

What do you dislike?

takes time to learn all the tools available

What business problems are you solving with the product? What benefits have you realized?

It's an interactive financial planning tool.

Kate from G2

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* We monitor all Finance Logix reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. Validated reviews require the user to submit a screenshot of the product containing their user ID, in order to verify a user is an actual user of the product.