Wealthminder Releases Next Generation Practice Management Solution

RESTON, Va., April 23, 2015 /PRNewswire-iReach/ -- Wealthminder, a provider of financial planning and investment advice software, today announced general availability of its next generation practice management and client communication tool for financial advisors. Wealthminder's new tool enables advisors to streamline the process of documenting a client's objectives, the assumptions and observations, as well as all recommendations resulting in significant efficiencies for the advisor and a great communication platform for both clients and advisors. 

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Wealthminder's dynamic action plan monitoring equips advisors and clients with real-time visibility to both the plan and the status of each step of the implementation. Wealthminder automatically alerts the advisor and client when changes are needed or deadlines are approaching. Clients and their advisors will always know if the client is on target to meet their objectives, if all implementation steps have been completed, and when the portfolio has had significant changes and needs to be rebalanced or reviewed. 

"Eliminating stale advice and missed implementation steps results in more successful clients, plans and advisors," said Sheryl Garrett, CFP®, founder of the Garrett Planning Network.

"What makes Wealthminder so unique and powerful is the fact they've successfully built a tool that bridges the gaps between the development of the financial plan, the completion of the implementation process, and the need for continual and ongoing monitoring," said Christopher K. Winn, CFP®, CDFA™, President of Interactive Wealth Advisors.

EQUIPPING FINANCIAL ADVISORS TO SERVE THE NEXT GENERATION

"With their average client age at 58, many advisors face the challenge of attracting and serving their next generation of clients," said longtime strategy consultant and industry observer Marie Swift. "Younger prospects have different expectations and a new mindset for how they will interact with an advisor and pay for their services. Wealthminder was designed specifically to help advisors meet these challenges." 

Here are comments from a few of Wealthminder's early-adopter financial advisors:

• "Weathminder gives us an affordable elegant interface to attract younger clients." – Ross Schmidt, President of Aspen Wealth Planners
• "Wealthminder is an easy-to-use online financial planning solution for any size advisor and, as a one-woman shop, I welcome the opportunity to extend my expertise and offer affordable services to a demographic previously underserved." – Bonnie Sewell, CEO of American Capital Planning
• "I've used other financial planning software in the past but have found them to be far more complex than my clients need. I work with my clients on their level, and Wealthminder allows me to do that without overwhelming them with charts, graphs and data." – Kate Holmes, CEO of Belmore Financial 
• "Wealthminder is a powerful service our independent and tech-savvy clients are very happy with. Wealthminder allows us to help more people reach their goals by giving them a unique option that combines the best online tools and a personal relationship with a financial planner." – Kerry Mayo, CFA and CFP, Capital Financial Advisors of New York

"We're tremendously excited about the new platform and the reception we've been receiving from advisors, but we're just getting started," said Rich Ellinger, founder and CEO of Wealthminder. "We're focused on helping shape the way financial advice will be delivered in the future. This symbiosis of humans empowered by technology really does support the notion of something the industry has dubbed 'the bionic advisor.' We are pleased to be empowering personal financial planners with this new release."

To learn more about Wealthminder or to schedule a demonstration of the software, visit the advisor solutions page at wealthminder.com.

About Wealthminder

Wealthminder was founded by Rich Ellinger in 2013. The Wealthminder platform includes sophisticated financial planning and automated investment advice tools delivered in the cloud through an intuitive interface. The platform is offered in conjunction with independent financial advisors. For more information, visit www.wealthminder.com or follow @wealthminder on Twitter. 

Media Contact: Marie Swift, Impact Communications, 913-649-5009, [email protected]

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SOURCE Wealthminder