PIEtech℠, Inc., the creator of the industry’s leading financial planning software, MoneyGuidePro®, today unveiled a new integration with MX to deepen the availability of aggregation for MoneyGuidePro® subscribers and add personal financial management (PFM) functionality via the client portal.
Aggregation is becoming increasingly important as firms wrestle with how to obtain more complete information that will soon be required under the new Department of Labor’s (DOL) Conflict of Interest rules. Under the new DOL regulations, firms must consider the “investment objectives, risk tolerance, financial circumstances, and needs of the Retirement Investor.” PIEtech℠ believes that aggregation will be an important efficiency play that can help advisors and firms better understand a client’s situation.
“Aggregation is an extremely difficult task – the data is very complex, and it is a gargantuan task to keep that data accurate,” said Kevin Knull, CFP®, President of PIEtech℠. “MX takes a unique approach to the process. Their user interface is really different and makes it fun for investors to work with PFM and learn about their spending and savings habits. As advisors struggle to find new ways to engage clients, MX’s aggregation and PFM functionality will help advisors learn more about their clients – and clients learn more about themselves.” MX will be available to both independent and enterprise subscribers of MoneyGuidePro®, Best Interest Scout™, and myMoneyGuide™. The integration will be available by the end of 2016.
MX is not a new player to the aggregation space. MX currently partners with more than 1100 financial institutions and more than 40 digital, online and mobile banking providers.
“MoneyGuidePro® is widely recognized as one of the most innovative advisor platforms in the world and we are thrilled to have PIEtech℠ recognize and select us to help firms improve the quality of their data as they strive to provide clients with better advice,” said Ryan Caldwell, CEO of MX. "Both teams are on a mission to promote and provide advisors with the ability to leverage data in a way that enables them to better serve their clients.”
About PIEtech℠, Inc.
PIEtech℠, Inc.’s vision is that everyone needs and deserves a quality financial plan. PIEtech℠ is the creator of MoneyGuidePro®, the industry’s leading financial planning software, myMoneyGuide®, an online guided planning solution that allows firms to broadly offer financial planning, and Best Interest Scout℠, a standalone, scalable discovery solution to help firms of all types obtain necessary client information.
MX is the world leader in unified financial data, enabling financial advisors and financial institutions to collect, refine, and present actionable data that empowers the world to become financially strong. Founded in 2010, MX is the fastest growing fintech provider, partnering with more than 1,100 financial institutions and 40 digital banking providers.