April 30, 2012 Advisor News

Scottrade Advisor Services Rolls Out Special Promotion on MoneyGuidePro

Scottrade Advisor Services, a provider of custodial and institutional trading services for independent registered investment advisors (RIAs), announced it has signed an enterprise agreement with PIEtech, Inc. to offer its financial planning software, MoneyGuidePro, to advisors at a 50 percent discount, a significant cost savings to many RIA firms.

According to a release, advisors using Scottrade Advisor Services will receive the same full MoneyGuidePro software and functionality offered if buying the software directly from PIEtech, said Brian A. Davis, director of Scottrade Advisor Services. MoneyGuidePro will be integrated as a part of the overall advisor experience, Davis said.

"Our advisors were looking for a comprehensive financial planning tool to help them do the heavy lifting of generating interactive, easy-to-read reports so they can be freed up to focus on their client service," Davis said. "We asked, and our advisors told us MoneyGuidePro was the clear choice. The usability for advisors and the features it offers their clients, plus the ability to integrate with other software applications, makes it a great addition to what we offer."

The company said that MoneyGuidePro is the first collaborative Internet-based financial planning software to help financial advisors motivate each client to create, implement and maintain an investment strategy that best meets their financial goals. The client-centered approach the software uses supports a sophisticated, goal-oriented planning process that is more meaningful to the client and more productive for the advisor.

"As a solo practitioner, the ease of use that MoneyGuidePro provides, especially without a steep learning curve to use the software, allows me more time to develop a deeper relationship with my clients," said Richard Spillane of Spillane Money Management in Boston. Spillane has been a client of Scottrade Advisor Services since 2009, and a MoneyGuidePro user since 2004.

"MoneyGuidePro's easy-to-read reports and the ability to see how something as simple as a question of 'Can I take the trip I want?' will affect their retirement savings helps my clients to really consider their long-term goals," Spillane said.