|Integration of AdvisorView and NaviPlan Bring Together Data Consolidation and Financial Planning Software for Advisors|
Yodlee, Inc., the trusted leader in enabling financial service providers to deliver superior online financial products and services, and Emerging Information Systems Inc. (EISI), North America's leading financial planning software developer, today announced plans to seamlessly integrate their market-leading applications. The two companies are collaborating to enable financial professionals to quickly and easily import aggregated account and client data from Yodlee's AdvisorView into EISI's NaviPlan browser-based applications.
Importing Yodlee data into NaviPlan financial planning software will give advisors a seamless link to client accounts, both managed and held away from the firm. Yodlee collects client data from over 8,000 financial institutions; it then normalizes, cleanses, and augments the data. This data will be delivered to NaviPlan to give advisors a real-time, holistic view of a client's entire financial portfolio, with no manual input. The end result is a significantly improved advisor workflow, and stronger client relationships through more detailed and accurate financial plans.
"Importing Yodlee data into NaviPlan financial planning software will dramatically reduce the amount of time it takes to create and update a financial plan," said Mark Evans, President and CEO at EISI. "By virtually eliminating labor-intensive data entry, advisor productivity increases and errors decrease." He added, "For financial institutions, this translates into significant increases in advisor adoption."
At the 3rd annual NaviPlan User Conference, hosted in Philadelphia by EISI, Yodlee spokesperson Bill Liguori, presented the integration concepts to a receptive audience comprising many of the industry's most prestigious financial institutions.
"Advisors today are typically managing 250 clients, with an average of nine accounts held directly or held away from their Advisor. That requires an Advisor to monitor as many as 2,250 accounts to accurately advise on their clients' wealth," said Len Mangiaracina, General Manager of Wealth Management at Yodlee. "Gathering this data and inputting it into desktop applications has been extremely time intensive. Aggregation can provide a highly efficient and systematic method for incorporating this data into the advice process in real-time. This means advisors can focus their time on value-added analysis, using market-leading financial planning tools like NaviPlan to find new opportunities and offer better financial advice. This is a significant step forward for the wealth management industry."
Founded in 1990, EISI is highly regarded as the leading financial planning software developer in North America. NaviPlan's fully integrated modules include estate planning strategies, incomes, expenses, assets and liabilities, stock options, and federal and state taxes in fully customizable, professional reports. Continuous reinvestments in product development, along with EISI's extensive experience in large-scale deployments, make NaviPlan the best solution for more than 70,000 licensed users and dozens of large financial institutions, including AXA Advisors, Fidelity Investments, J.P. Morgan Chase, LPL Financial Services, MetLife Securities, Pershing, and W.S. Griffith. For more information about EISI and NaviPlan visit www.naviplan.com.
Yodlee is the trusted leader in enabling financial service providers (FSPs) to develop and deliver superior financial products and services, increasing customer profitability. Yodlee's unique aggregation technology powers and enhances a multitude of online financial offerings, including Bill Pay, Funds Transfer, Alerts, Expense Management, Savings Finders, Portfolio Management, Browser Toolbars, Password Management, Financial Calculators, Goal Planning, Single Sign-On, Advisor applications, and more. Yodlee operates in the U.S., U.K., Australia, and Japan, and has amassed more than four million users, over $180 billion aggregated across its network, and more than 150 clients, including the world's top financial institutions and portals: AOL, Bank of America, Citibank, CUNA, Fidelity, Wachovia, J.P. Morgan Chase, Merrill Lynch, MSN and Yahoo. Yodlee is headquartered in Redwood City, California and can be reached at www.yodlee.com.