Home > Blogs > MoneyGuidePro Announces Partnership with Yodlee to Create an Affordable and Scalable Data Aggregation Solution for Financial Adv

MoneyGuidePro Announces Partnership with Yodlee to Create an Affordable and Scalable Data Aggregation Solution for Financial Adv

Submitted by Technology Tools for Today on February 26th, 2014


Strategic partnership breaks down historical barriers to rapid adoption of data aggregation

MoneyGuidePro, the leader in goal-focused financial planning is integrating with Yodlee’s scalable personal finance data platform, arming financial planners and broker-dealers with new data aggregation functionality at an attractive price. Analyzing the historical barriers to implementing data aggregation solutions, MoneyGuidePro and Yodlee have come together to create a solution that is easy to implement and valuable to advisors’ bottom line.

“We have seen a delay in broad adoption of data aggregation software in the financial planning industry due to two main factors: high costs and difficulty of implementation,” said Bob Curtis, President and CEO of MoneyGuidePro. “Data aggregation is an extremely valuable tool for financial advisors, enabling them to analyze and represent a truly accurate synopsis of a client’s financial assets. Joining with Yodlee, MoneyGuidePro is excited to announce that we can now offer a solution that is not only affordable for independent advisors and firms of all sizes, but integrated into MoneyGuidePro’s financial planning software.”

Seamlessly integrating into MoneyGuidePro’s goal-focused financial planning software, Yodlee will now arm advisors with insight into clients’ held and held-away accounts and transactions, including bank accounts, credit and debit card accounts, investment accounts and holdings data in addition to loan accounts.

Taking a different approach, the MoneyGuidePro/Yodlee partnership offers financial advisors aggregation at an introductory cost of $365 annually. This can easily be added to the advisor’s existing MoneyGuidePro account and scaled to fit any business model.

“Aggregation, when done right, provides tremendous value for advisors,” said Anil Arora, CEO of Yodlee. “We are very excited about our partnership with PIETech/MoneyGuidePro to empower advisors to deepen and enhance their client relationships. It’s a perfect synergy of technologies and vision.”

“MoneyGuidePro is pleased to add Yodlee to our roster of best-in-class integration partners as we continue to lead the industry in financial planning technology innovations,” added Curtis. “At a time when advisors are under increasing pressure to quantify their value to clients, we believe this new data aggregation solution will be a game-changer for their business and validating their worth in the industry.”

About Yodlee
Yodlee is the Platform for Financial Innovation. More than 700 companies globally, including 7 of the top 10 US financial institutions, rely on Yodlee to power personalized financial apps and services for millions of consumers, driving retention, engagement, and revenue. Leveraging the industry’s largest data platform, Yodlee also delivers real-time insight into consumer behaviors to create more dynamic interactions – anywhere, anytime, on any device.

Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.

About MoneyGuidePro
MoneyGuidePro, the flagship product of PIEtech, Inc., is a web-based financial planning software program that helps advisors create, implement and maintain investment strategies that will best meet the lifetime financial goals of their clients. MoneyGuidePro provides retirement and college planning, asset allocation, insurance needs analysis and estate planning. For more information on MoneyGuidePro, visit www.moneyguidepro.com.

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