POWHATAN, Va., April 9, 2019 /PRNewswire/ -- PIEtech® today announced the official launch of their newest product to the MoneyGuide suite – MoneyGuideElite ("Elite"). Elite enables advisors to illustrate income distribution, analyze the benefits and tradeoffs of annuities in a plan, and uncover a new way of protecting clients by providing advanced lifetime insurance modeling.
With Elite, advisors can visually demonstrate to their clients where the money is coming from to fund retirement goals, as well as how an annuity can cover any income gaps. Providing access to advanced annuity modeling makes it easy to showcase the benefits and potential trade-offs of these complex instruments. Leveraging integrations with all of the major insurance technology solutions, the lifetime protection feature instantly quotes the insurance strategies to show the cost of the recommendation along with the impact to the clients' plan and cash flow.
Key features of MoneyGuideElite include:
- Secure Income Modeling: Annuities are complex, and the new secure income module is designed to factor in the key features that compliment income strategies to determine if an annuity is the right fit for the plan. Advisors can clearly identify the gap between secure income and essential expenses in retirement and examine the benefits and trade-offs of an annuity solution by incorporating the features of these complex instruments directly into a Monte Carlo result. Behind the scenes, the secure income modeling feature leverages the MoneyGuide engine to evaluate the impact various market conditions have on the strategy and presenting it in a way that is easier for investors to understand the solution.
- Total Income Modeling: Advisors can demonstrate where a client's money is coming from during the distribution phase in a more streamlined, interactive way by examining a client's retirement distribution while testing for market volatility, changes in social security timing and life expectancy. This module clearly shows year by year distributions including secure income sources, portfolio distributions and RMD's, and more.
- Advanced Lifetime Protection: Lifetime protection is designed to make life insurance information easy to convey and even easier for the investor to understand why they need the coverage recommended to them by their advisor. This module targets a vastly underserved market, advisors who exclude the life insurance discussion with their investors, to make it easier for advisors to protect their client's wealth. Future planned integrations with leading insurance technology companies will provide a seamless experience from recommendation to implementation.
"The features and modules in Elite have been years in the making and are the direct result of a major calculations update we did to MoneyGuide last year in order to help advisors tell great stories and prove value. The feedback from advisors and firms so far has been phenomenal," said PIEtech® Chief Growth Officer Kevin Hughes. "The launch of Elite only months after releasing MoneyGuideOne, the streamlined version of MoneyGuidePro® that allows you to create a quality plan in less than 5 minutes, showcases our commitment to innovation and focusing on what we're best at. We can't wait to get this version into the hands of advisors; they're going to love it."
Interested users can attend a webinar on Wednesday, April 17, at 4:00 PM ET, by signing up here.
For more information on MoneyGuide, or to learn more about its suite of products, please visit www.moneyguidepro.com.
About PIEtech, Inc.
PIEtech® is focused on helping more Americans control their financial future and security by planning for it. Headquartered in Powhatan, VA, PIEtech® is the creator of the industry-leading financial planning software platform MoneyGuide, which provides tailored technology solutions for every level of financial professional, from broker-dealers to independents, for solo practitioners, ensemble firms and large enterprises. MoneyGuide grows in scale right alongside the advisor's needs. All solutions are built on their flagship product MoneyGuidePro®, which has been named the #1 financial planning software 11 years in a row. For more information about PIEtech® or to learn more about MoneyGuide, visit https://www.moneyguidepro.com/ifa or follow @MoneyGuidePro on Twitter.