# Envestnet | MoneyGuide Reviews **Vendor:** Envestnet **Category:** [Financial Analytics Software](https://www.g2.com/categories/financial-analytics) **Average Rating:** 4.0/5.0 **Total Reviews:** 23 ## About Envestnet | MoneyGuide Named the top choice of financial planning software for eight straight years, according to Financial Planning Magazine's annual survey. Why? We make financial planning engaging for the client. ## Envestnet | MoneyGuide Reviews ### 1. MoneyGuidePro has not kept up with the times **Rating:** 0.0/5.0 stars **Reviewed by:** Grant M. | Contractor, Small-Business (50 or fewer emp.) **Reviewed Date:** June 05, 2023 **What do you like best about Envestnet | MoneyGuide?** I like moneyguide pro's simplicity, but that is about it. **What do you dislike about Envestnet | MoneyGuide?** I have used MGP over the last decade and they have failed to develop any significant additions (phone app, HSA, budgeting,ext.) in that time. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Long term projections, if you can trust the output ### 2. MoneyGuide Recommendation **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** August 03, 2022 **What do you like best about Envestnet | MoneyGuide?** MoneyGuide provides multiple planning tools to leverage with clients. To capture all client's assets/liabilities in one place and to have the ability to run various scenarios is very useful. **What do you dislike about Envestnet | MoneyGuide?** There are so many different tools/scenarios it can be cumbersome at times **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** MoneyGuide solves the issue of helping clients assess if they will run out of money in retirement. Also, it helps put everything in one place that can be updated/refreshed with clients as needed. ### 3. Excellent product, service, and continuously improving. **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** July 26, 2022 **What do you like best about Envestnet | MoneyGuide?** It's thorough but also client-friendly. **What do you dislike about Envestnet | MoneyGuide?** I wish it were a bit easier to plan on the fly with clients. I find navigating and updateing results a bit tedious when clients are at the table. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** REtirement planning, investment account organizing along with many other planning issues. ### 4. The default planning software for advisors, but could be better **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** January 07, 2022 **What do you like best about Envestnet | MoneyGuide?** MGP is pretty robust in the data you can enter and situations you can model in. There are some newer features like Yodlee and blocks. It's a pretty strong piece of software compared to the competitors, hence its popularity. **What do you dislike about Envestnet | MoneyGuide?** If you use this very frequently, then the price is worth it. Otherwise, it's an expensive software that I may use less than a handful of times a year. I'm also not a fan of software as a service, but MGP isn't the only company that's using this service model these days. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** It's the main piece of software I use for running financial plans. It's also good for a central place to collect financial information about a client. Although I don't use it often, it gives me credibility as a financial planner because it's such a detailed piece of software. ### 5. Preferred Retirement Planning Software **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Financial Services | Mid-Market (51-1000 emp.) **Reviewed Date:** December 07, 2021 **What do you like best about Envestnet | MoneyGuide?** The software is easy to use and client's enjoy how in dept the reporting capabilities are **What do you dislike about Envestnet | MoneyGuide?** MoneyGuide Pros servie team is exceptional, we have to call them on occasion as there are some scenarios we do not know how to create and it may not be the easiest for work through on your own without the assistance of their service team **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** We use the software to analyze clients retirement income projections and build allocations based on the plan ### 6. easy to understand **Rating:** 5.0/5.0 stars **Reviewed by:** Art S. | financial advisor, Small-Business (50 or fewer emp.) **Reviewed Date:** December 17, 2020 **What do you like best about Envestnet | MoneyGuide?** short learning curve, easy for clients to understand **What do you dislike about Envestnet | MoneyGuide?** input isnt the easiest but will integrate with other software to relieve some of the burden **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** will clients run out of money, when to take social security. It measures the likelihood of achieving desired results ### 7. Money Guide Pro Review **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Investment Management | Small-Business (50 or fewer emp.) **Reviewed Date:** October 22, 2021 **What do you like best about Envestnet | MoneyGuide?** Easy to use and for clients to understand **What do you dislike about Envestnet | MoneyGuide?** Account Aggregation does not work well always. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Mostly retirement planning for clients, though I am able to work on other financial planning issues as well. ### 8. Powerful tool for financial analysis **Rating:** 5.0/5.0 stars **Reviewed by:** Joel S. | Small-Business (50 or fewer emp.) **Reviewed Date:** September 25, 2020 **What do you like best about Envestnet | MoneyGuide?** I think the data entry format is excellent. It is designed to be very user friendly and client focused **What do you dislike about Envestnet | MoneyGuide?** The tool is user friendly but has a lot of areas that need to be updated to ensure the software is modeling your situation properly and as intended. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** I use the software to analyze my clients holistic financial situation. I have realized that the conversation focused data entry is beneficial for my clients self realization of their situation. ### 9. Dissappointed **Rating:** 1.5/5.0 stars **Reviewed by:** Bill B. | Senior Investment Consultant/Principal, Financial Services, Small-Business (50 or fewer emp.) **Reviewed Date:** September 09, 2019 **What do you like best about Envestnet | MoneyGuide?** Fairly easy to input data. Not enough customization. **What do you dislike about Envestnet | MoneyGuide?** I don't like the reports. Customization is not at the level I would like. There are lot's of items that are default that I believe just make the report confusing for the client. A big disappointment was the inability to cancel my month to month billing. Unless you are absolutely sure you want to use this software, I would not subscribe. There is only so much you can learn in a 1 month trial. **Recommendations to others considering Envestnet | MoneyGuide:** Don't sign up unless you are absolutely sure, you cannot cancel the contract. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Client annual reviews. Prospect current analysis. ### 10. Major Part of the Planning Process **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** August 27, 2018 **What do you like best about Envestnet | MoneyGuide?** - What if Worksheet and Supersolve are a great way to show clients how different changes in their plan can change the probability of success - Insurance needs section is useful to calculate if client is over or underinsured - Easy to read and thorough report **What do you dislike about Envestnet | MoneyGuide?** - Not the most visually appealing interface, other software has surpassed them with more modern interfaces - Client facing experience is not the best, they have made efforts recently by adding a live chat support but it should be made self explanatory enough that chat would not be needed - No option to change sequence of withdraws from types of assets (i.e. sometimes it makes sense to take IRA money first to reduce RMD burden) **Recommendations to others considering Envestnet | MoneyGuide:** Powerful tool at the right price. There are newer products out there that have a nicer interface and better account aggregation but this one gets the job done with a lot of calculations. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** This is a part of the planning process with every client. It allows us to consider where every dollar is going and makes the clients think about what is important to them in retirement. ### 11. Financial Planning simplified **Rating:** 5.0/5.0 stars **Reviewed by:** Michelle K. | President; Investment Advisor Rep; CCO; Cert. Credit & Financial Health Counselor; Financial Coach, Financial Services, Small-Business (50 or fewer emp.) **Reviewed Date:** April 16, 2018 **What do you like best about Envestnet | MoneyGuide?** I like the ability for clients to use the sliding scale to see various results. **What do you dislike about Envestnet | MoneyGuide?** I would like the ability to see when a client fully completes the questionnaire when I log in. When I log in I can see when they last accessed the account, but not whether it's complete. When I click their file to see if the information has been entered, if the income area is blank it doesn't allow me to proceed, but rather I have to close the window and reopen. **Recommendations to others considering Envestnet | MoneyGuide:** Allowing the client to be involved with the data entry is a win-win. Not only are they involved in the planning stages, they are more apt to follow the plan seeing as they had a part in it. The software greatly decreased our data entry time by allowing the client to do that part while decreasing the chance of errors or transpositions during the data transfer stage. We simply review the information entered for accuracy and completeness before going over the results. I appreciate the reports that are generated, as it also decreases the amount of work that is required on my part. Once live-time changes are made, we can print it on the spot. It has also assisted us in discovering outside held funds, many of which we have added to our models to get a more accurate projection of success. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Time and money. Prior to using MGP we spent much more time gathering data. If the data we received from the client was not complete, or better yet, had notes written on the form because they weren't sure how to answer a question, we spent even more time making calls. Allowing the client to enter the information decreased the amount we had to spend doing data entry, and increased the accuracy of what they "meant". ### 12. The best financial planning software for fee-only, no-minimum NAPFA advisors **Rating:** 5.0/5.0 stars **Reviewed by:** Elizabeth P. | Associate, Financial Services, Small-Business (50 or fewer emp.) **Reviewed Date:** November 16, 2017 **What do you like best about Envestnet | MoneyGuide?** I love : -setting goals as a confirmation that my initial due diligence with the client was correctly "heard" through data -using the budget tool to make annual retirement expenses are "real" -I also like the budget tool for helping our "money management" clients stick to a budget and we review monthly or less frequently to compare monthly averages year-to-date (I used to only use excel or google docs for this) -I love the net worth portion of MGP -I love the social security benefit analysis with certainty -The What-If worksheet is extremely helpful for analyzing different scenarios -We also use MyMoneyGuide with our financial literacy students and it's extremely helpful with the Video Lab -I also use the Plan Summary to add in our regular notes (about 30-40 custom entries per plan, many are duplicates by plan) -I really dig the way our Veo (TDAmeritrade Institutional) accounts sync well into a client's plan too -We also integrate with RedTail CRM **What do you dislike about Envestnet | MoneyGuide?** -I find the real estate "mortgage" data entry rather limited. Typically clients provide the mortgage statement to be interpreted, and rarely does a single monthly mortgage statement include all of the information required for the mortgage data entry. -I have yet to fully utilize the ISO/RSU workflows, but I have to admit, they seem a bit intimidating on the offset and I've been avoiding it. -Plan Summary limitation: currently I use a Google Doc to track all of the custom entries I make into the Plan Summary with follow up items for clients. I do this so that I can copy/paste and enter into the Plan Summary for each client's plan. Ideally, there would be a MGP "database" of commonly added custom entries into Plan Summaries by license (but also across users) that would be extremely helpful for our practices purposes! -Small thing, but it'd be nice to be able to access the Support Tools from a browser when logged into the MGP on my iPad, currently I cannot access. -A minor irritation is that our RedTail CRM integration works well, except for our pro-active MyMoneyGuide users. It would be nice if our MyMoneyGuide new users could integrate and sync INTO RedTail CRM, currently I can only have an existing RedTail CRM contact sync into MGP and not from MGP to RedTail...though I realize I can manually enter MyMoneyGuide users into RedTail from MGP and then make sure the client is "matched" after the fact. **Recommendations to others considering Envestnet | MoneyGuide:** Commit to using the software and support curriculum. Also, make sure that you have a process to introduce your clients to the client portal. If you use cash flow based retirement planning software, give goals-based a chance - the ease of data entry and flexibility for change analysis is striking! **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Simplifying the "math" behind retirement calculus into a digestible print-out or PDF that looks professional and can operate as a "living document" as we council clients throughout their lives from initial financial plan, to plan implementation, on to monitoring. Providing dual entry access between client and advisor to communicate over the long term about a client's budget (cash flow), financial plan/s, and investment management relative to financial planning goals as well as being able to make adjustments along the way. A repository for all financial planning information so that our firm can emphasize the client relationship and counseling approach that our clients in our practice favor. ### 13. MOneyguide review **Rating:** 4.0/5.0 stars **Reviewed by:** Frances N. | Financial Advisor, Mid-Market (51-1000 emp.) **Reviewed Date:** December 26, 2017 **What do you like best about Envestnet | MoneyGuide?** i like the planning software and being able to show clients what their percentage of success is to reach their different financial goals. it lets me run different scenarios based on what the client wants **What do you dislike about Envestnet | MoneyGuide?** i wish when you were changing states in retirement it was easier and could pick it for one scenario rather than all the scenarios. **Recommendations to others considering Envestnet | MoneyGuide:** this is a good software to use to show clients their financial situation. i wish it was better for client integration and clients using it **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** helping to provide advice to clients and show them their financial situation, helping to manage clients goals and what assets they have, provides insight of what a client needs to change in order to put themselves in a better financial situation ### 14. Moneyguide Pro **Rating:** 4.0/5.0 stars **Reviewed by:** Christopher C. | Financial Advisor, Financial Services, Mid-Market (51-1000 emp.) **Reviewed Date:** December 12, 2017 **What do you like best about Envestnet | MoneyGuide?** i love how moneyguide is a very easy visual for clients when showing them financial plans **What do you dislike about Envestnet | MoneyGuide?** the "newer" update does make things a bit confusing trying to set everything up. having so many options i think can hurt a bit when i's difficult to find places quickly **Recommendations to others considering Envestnet | MoneyGuide:** if you want a planning software that looks good with clients then this is where you need to look. once a plan is completed the clients will be wowed **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** were able to help put together comprehensive financial plans for clients and gain their trust usuing moneyguide to show them where they are and where they want to be ### 15. Money Guide Pro - powerful computing with a friendly user interface **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** September 26, 2017 **What do you like best about Envestnet | MoneyGuide?** Money Guide Pro provides the complex calculation of a personal financial plan with a great interface and workflow that makes both preparing the financial plan and sharing with your client very efficient. **What do you dislike about Envestnet | MoneyGuide?** The software is driven around planning for retirement. Some people believe the word retirement has a negative connotation and would prefer the term "financial independence". It would be great if you have the option to change the term "retirement goal" to "financial independence goal". **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Preparing comprehensive personal financial plans for my clients. Many benefits, calculation that would be difficult if not impossible to calculate outside of Money Guide Pro, easy to understand reports, ability to "drill down" to get more detail. ### 16. Retirement Planning Tools **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** October 25, 2017 **What do you like best about Envestnet | MoneyGuide?** MoneyGuidePro nailed it with this online retirement planning software. The capability to run all kinds of analysis and historical back testing and custom reports makes this a must have retirement tool to check out. **What do you dislike about Envestnet | MoneyGuide?** The program can be difficult at times take your time to learn the program and understand the different capabilities it has. **Recommendations to others considering Envestnet | MoneyGuide:** Get the software and take the time to learn it. This program is the best tool I have used to calculate retirement plans. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Learning and inputting the various integrations is time consuming but once in it cuts down your time. ### 17. Mgp review **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** October 29, 2017 **What do you like best about Envestnet | MoneyGuide?** My clients really find security in knowing exactly when they can retire and how much they need to save to get there. MGP does a great job of allowing us to display our roadmap to clients in an easy to understand format. **What do you dislike about Envestnet | MoneyGuide?** No major complaints. Sometimes it is a bit hard to navigate because it’s not intuitive if you don’t want to go step by step. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** My clients really find security in knowing exactly when they can retire and how much they need to save to get there. MGP does a great job of allowing us to display our roadmap to clients in an easy to understand format. ### 18. MGP **Rating:** 4.0/5.0 stars **Reviewed by:** Kelly L. | Financial Planner, Financial Services, Small-Business (50 or fewer emp.) **Reviewed Date:** October 26, 2017 **What do you like best about Envestnet | MoneyGuide?** Data entering is fairly straight-forward. I like having the scenarios side-by-side. **What do you dislike about Envestnet | MoneyGuide?** The reporting is clunky and a lot of charts and graphs that don't make sense to the client. **Recommendations to others considering Envestnet | MoneyGuide:** Watch a demo or get a consultation on best practices. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** I'm not solving business problems using money guide pro right now. It became too expensive for my small firm, so I switched planning programs. ### 19. Just an ok planning software **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** January 30, 2018 **What do you like best about Envestnet | MoneyGuide?** Cash flow reports are fairly easy to understand **What do you dislike about Envestnet | MoneyGuide?** Too many of the reports require too much explanation as to where the numbers came from. **Recommendations to others considering Envestnet | MoneyGuide:** This may not be the most robust planning software that you could be using. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** It's an approved financial planning software through our broker/dealer. ### 20. MG Pro **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Enterprise (> 1000 emp.) **Reviewed Date:** January 06, 2018 **What do you like best about Envestnet | MoneyGuide?** They continue to update their financial planning software **What do you dislike about Envestnet | MoneyGuide?** Sometimes the program is very slow and takes forever to load a page with clients there **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Clients personalized financial plans ### 21. Resourceful tool for capturing big picture for clients **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** October 25, 2017 **What do you like best about Envestnet | MoneyGuide?** Money Guide Pro has allowed our firm to dig deeper at the client level, in turn providing greater assistance **What do you dislike about Envestnet | MoneyGuide?** Yearly fee in addition to monthly fee is hard to keep in budget for small office **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Understanding held-away assets allows us to leverage towards new opportunities ### 22. Money Guide Pro **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Non-Profit Organization Management | Small-Business (50 or fewer emp.) **Reviewed Date:** January 13, 2017 **What do you like best about Envestnet | MoneyGuide?** This platform is detailed, robust, and a great tool to use with clients to walk them through all aspects of their financial planning. **What do you dislike about Envestnet | MoneyGuide?** We do wish it had a client portal for clients to log in and perhaps even aggregate their own accounts. **Recommendations to others considering Envestnet | MoneyGuide:** It's a little tricky to learn at first - there are so, so many layers. But once you get the hang of it, all of those layers turn into a positive benefit that just makes the platform more robust and efficient. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** It allows us to have a clear picture of a client's retirement track, and have a thorough discussing with them about where they are at now, and where they need to be. ### 23. Robust financial planning software **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** September 07, 2016 **What do you like best about Envestnet | MoneyGuide?** Goals-based software is very easy to understand for clients. Data input is quick and easy. **What do you dislike about Envestnet | MoneyGuide?** Lack of ability to explore tax impact of certain strategies. **Recommendations to others considering Envestnet | MoneyGuide:** If you are interested in easy to use, goals-based planning software, this is the tool. If you're more interested in a cashflow based tool, this is not for you. **What problems is Envestnet | MoneyGuide solving and how is that benefiting you?** Using MGP makes the production of financial plans much more efficient. ## Envestnet | MoneyGuide Discussions - [Does MoneyGuidePro integrate with Salesforce?](https://www.g2.com/discussions/does-moneyguidepro-integrate-with-salesforce) - 1 comment - [View Envestnet | MoneyGuide pricing details and edition comparison](https://www.g2.com/products/envestnet-moneyguide/reviews?section=pricing&secure%5Bexpires_at%5D=2026-06-02+03%3A20%3A10+-0500&secure%5Bsession_id%5D=59944821-abb5-45c7-8fdd-b09decb2c735&secure%5Btoken%5D=8277224f1380dc1f801f979dcc349b027298523dd4a65010ff8c61db69185b13&format=llm_user) ## Envestnet | MoneyGuide Features **Functionality** - Customizable Reporting - Market Analytics - Client Portal - Investment Accounting - Real time - Compliance - Customizable Reporting **Platform Additional Functionality** - Dashboard - Cloud **Integration** - Data aggregation - Accounting Integration - Risk Management **Platform Content** - Automation - Content Library **Platform Data** - Visualization **Agentic AI - Investment Portfolio Management** - Multi-step Planning - Cross-system Integration - Adaptive Learning - Proactive Assistance **Platform Interoperability** - API **Platform Performance** - Reporting **Agentic AI - Financial Analytics** - Proactive Assistance ## Top Envestnet | MoneyGuide Alternatives - [eMoney](https://www.g2.com/products/emoney/reviews) - 4.7/5.0 (67 reviews) - [RightCapital](https://www.g2.com/products/rightcapital/reviews) - 4.6/5.0 (14 reviews) - [Morningstar Direct Advisory Suite (formerly Advisor Workstation)](https://www.g2.com/products/morningstar-direct-advisory-suite-formerly-advisor-workstation/reviews) - 4.1/5.0 (274 reviews)