IFA FinPlan: A New, Free Technology for IFA Clients

Monday, January 5, 2015 25,959 views

At Index Fund Advisors, we place an extremely high value on being able to see the whole picture of our client’s finances. This goes far beyond just managing their investable assets. Towards that end, today we proudly announce the expansion of our services, and a partnership with eMoney Advisor, to provide a complimentary, comprehensive wealth management system that will allow our clients to track their assets, liabilities, income, and spending across all their accounts as well as store all their important documents in electronic form. With IFA FinPlan, powered by eMoney  (www.ifafinplan.com), we will be able to assist our clients with their financial planning needs and explore different scenarios of saving, spending, and timing of major decisions such as retirement or real estate purchases.

The screenshot below shows the home screen, which can be thought of as a financial dashboard. It gives a big picture view of net worth, investments, and recent spending.

The screenshot below shows IFA FinPlan’s Organizer to assist clients in entering their account information from multiple sources, such as banks, brokerages, 401(k)s, 529s, credit cards, mortgage, and insurance accounts, all of which will be updated daily and provide an instant overview of your financial life.  In addition, real estate, investment properties and businesses can be entered in the Organizer. Important professional contacts and family members can also be entered so they are handy when clients need them. Finally, future goals and priorities, such as retirement income, education expenses, major purchases and charitable giving can be defined so that an IFA Wealth Advisor can view your financial organizer and provide the best wealth management for IFA’s clients.

The screenshot below categorizes spending according to the default categories set up by your credit cards and banks. It is easy to adjust spending categories. Credit card transactions are automatically downloaded, allowing immediate comparisons between actual and budgeted spending. For your privacy, this section can be excluded from an advisors access.


The big picture view of investments is shown below. Any publicly-traded holdings can be researched and analyzed using data from Morningstar.

The Vault page shown below allows the secure storage of electronic files such as trusts, wills, insurance policies, tax returns and financial performance reports. If you have any concerns about the safety of your data and documents stored with the program, we suggest you review this page that describes the extraordinary security measures that are in place. eMoney has been in business for fourteen years and currently has 267 employees. It serves over 25,000 financial professionals and as of today (1/2/2014), eMoney is now aggregating $1.463 trillion of client accounts from institutions all over the world.

Finally, the reports screen facilitates the production of many different reports such as balance sheets, 5-Year cash flow statements, asset allocation summaries, and summaries of insurance coverages.

An additional feature of IFA FinPlan is that it works seamlessly on computers, smartphones, and tablets.

If you would like to learn more about IFA FinPlan and how you can get started, please contact your IFA Wealth Advisor at 888-643-3133

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