A groundbreaking version of MoneyGuidePro will be released on Monday, November 2, that offers many new features to help advisors with their businesses.
You can see many of the features in the new version, G:2.2, by clicking on the blue hyperlinks that follow. Meanwhile, Morgan Stanley Smith Barney plans to shift all its brokers over to the application, according to sources.
Play Zone
is an easy method of changing plan assumptions for goals, savings and portfolios
that gives an instantaneous update on the probability of plan success. Advisors
can give clients access to Play Zone so that they can collaborate on their own
alternative scenarios.
Star Track
offers a visual summary of a client's progress towards their goals over a
period of time. This helps clients focus on their long-term goals, and provides
them with additional perspective and context.
Many clients exhibited extreme duress during the market
gyrations of the past year or two. To help address client fears, MGP G:2.2 has
added The Sky Is Falling marketing materials
to allay those fears. This package
includes a free presentation, a brochure and a workbook. Goal cards and
additional marketing tools are also available for a nominal fee to
cover costs.
The current plan presentation feature has been enhanced with
two additions: The
Concentrated Position page and
the Bear
Market Test. The former
illustrates the impact on a plan when something happens to negatively affect a
concentrated stock position, considered 10% or more of total assets. It also addresses the inherent risk if that concentrated position is in the stock of a client's
employer. The Bear Market Test calculates
the maximum loss a client's portfolio could sustain and still maintaining
acceptable goal targets within the confidence zone.
To address the new Roth conversion rules effective January
1, 2010, MGP G:2.2 includes two new features: The Roth Conversion Goal
Strategy and the
Roth Conversion Calculator. The strategy is integrated into a plan
and it compares two "what if" scenarios: one with the conversion and one without.
From there, you can easily model additional scenarios and assumptions. The
standalone calculator can make a preliminary assessment of the
impact of a conversion.
MGP has always defined spending order by tax category. The Spending
Order enhancement allows advisors to define a default spending order and
then define different orders in the "what if" section. Other enhancements include the ability to model annuities
with a guaranteed minimum withdrawal amount, and added "what if" options and reporting features. For further information, visit www.moneyguidepro.com.
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