The tool, called MoneyFind, analyzes, plans and executes liability solutions for clients by using real-time market data, including interest rates offered by a pool of financial institutions for mortgage refinancings. By entering a client‚s basic financial data, MoneyFind can generate dozens of scenarios for restructuring liability, says company CEO Adrian Nazari.
Personalized MoneyFind, a version of the tool designed for independent advisors, costs $69 per month, he says. For more information, visit www.financialcircuit.com.
Help With Life
New York Life Investment Management‚s MainStay Funds has introduced a new section on its Web site called "Life Happens … Be Prepared!" It walks visitors through managing finances as a result of life events such as "You‚re Engaged," "Suddenly Single," "A Death in the Family" and "Being Downsized." Visit www.NYLIM.com, click on the tabs labeled Fund Center, MainStay Funds, Investor Education and "Life Happens … Be Prepared!"
PracticeAdvantage Expands
Fidelity Investments has added five business alliances to its PracticeAdvantage platform, which offers advisors discounted products and services.
The new alliances are with Burlington, Mass.-based Brainshark, a Web communications service for advisors; research firm Morningstar Inc., Chicago; MGL Consulting Corp., The Woodlands, Texas, which offers registration and compliance services; National Advisers LLC, Reston, Va., offering turnkey mortgage services; and 401kLoans LLC, Saint Cloud, Minn., which provides 401(k) loan automation software.
For more information, visit http://ria.fidelity.com.