Easy As Pie

Written by Joel Bruckenstein, FA Magazine Friday, 14 September 2012

In my first review of PieTech’s MoneyGuidePro over a decade ago, I was impressed by how smart yet easy to use the application was. This new cloud-based version seeks to get back to the simplicity of the original while adding functionality. For the most part, MGP: G3 succeeds. It is a better and smarter and more intuitive financial planning application than the previous version.

There are at least eight new features and eight major enhancements to the application. There’s also a great deal of functionality hidden below the surface that can be leveraged to create financial plans that are better aligned with client needs. Perhaps the best way to understand the magnitude of the changes that MoneyGuide has undergone is to walk through the creation of a quick and simple retirement plan.

Generally speaking, financial planners deal with affluent Americans. Historically, the cost of producing comprehensive financial plans is high and the public perception is that financial planning is only for the rich. As an industry, we have not done a good job of refuting this perception. Read More..