Enterprise Product Updates Fall 2024

Stay updated on all the latest enhancements—driven by feedback from users like you—to help you work and plan more efficiently. Learn about your new features below, and access this page at any time by searching What’s New in the Application in the Help menu of your advisor site.

Annuity Planning Enhancements
RMD Year 1 Improvements
Decision Center Optimizer – Maximize Client Cash Yields
Flourish Integration
The Learning Center–Your Comprehensive Training Solution
Screen Sharing Discontinuation

Annuity Planning Enhancements

Enhance your annuity planning in eMoney with added support for Indexed and RILA annuity fact types and the new Credit Strategy tab. Now you can better communicate the benefits of products that use these strategies and open up conversations on how annuities could fit into your clients’ larger investment strategy.

Key Features Include:

Cap Rate: The maximum interest rate that an indexed annuity can earn during a specified period, regardless of the index’s performance.
Step Rate: A predefined rate that the indexed annuity will earn if the index returns between zero and the Step Rate.
Participation Rate: The percentage of the index’s gain that is credited to the annuity, subject to the Cap Rate.
Floor Rate: The minimum interest rate that an indexed annuity will earn, protecting the principal from losses in the underlying index.
Buffer Rate: A feature providing partial protection against negative index performance by absorbing a specified amount of loss.
Dual Direction (Y/N): A feature that credits interest for both positive and negative index performance within certain limits.

RMD Year 1 Improvements

⚐ REQUESTED FEATURE

Enhance your financial planning with streamlined Year 1 Required Minimum Distributions (RMDs) handling, providing you with greater control and precision over your current year RMD settings.

What’s New?

New fields have been added to the RMD tab, such as:

RMD Override Year: Allows you to specify if the RMD calculation should be overridden with the provided RMD Account Value, ensuring smooth data maintenance as the override is invalidated the following year.
RMD Timing: Lets you indicate if RMD values should be prorated for the first year for users on monthly simulation. Set to monthly for prorating based on the current month, or annual to distribute RMDs only if the current month is less than or equal to the specified month in the Timing Month field.
Timing Month: Determines the benchmark month for annual RMD distribution.

Explore these improvements to enhance your financial planning experience and ensure accurate RMD calculations.

Decision Center Optimizer – Maximize Client Cash Yields

Show your clients the benefits of maximizing the yield on their cash accounts and identify new opportunities with two updates. Read on for more about the Reallocate Low-Yielding Cash optimizer in Decision Center and the new Cash Management Opportunities analytics chart.

The new optimizer is called Reallocate Low-Yielding Cash.

How Does the Optimizer Work?

When activated, it simulates reallocating the funds by applying a new growth rate to your client’s cash accounts. You can edit this percentage by selecting Edit, adjusting the yield, and then re-toggling the optimizer.

We’ve also introduced a new chart within Advisor Analytics called Cash Management Opportunities. The chart displays all clients with held-away cash accounts.

These enhancements are designed to provide greater insights and flexibility in managing client cash accounts, ensuring you have the tools needed to effectively optimize financial strategies.

Flourish Integration

Make client conversations more compelling and elevate your financial planning services with our latest integration with Flourish. Now clients can easily take action on their plan by opening a Flourish Cash account.

How It Works:

Flourish Cash is an invitation-only cash account designed exclusively for clients of independent RIAs, offering rates up to 10 times the national savings account average while covered by FDIC insurance through its Program Banks. Inviting your clients is easy:

Decision Center Integration: Send clients an invitation from within Decision Center to open a cash account with Flourish, making it easy for clients to take action on their plan.
Bulk Invitations: Review cash opportunities across your book of business and send Flourish invitations in bulk.

Key Benefits:

Enhanced FDIC Insurance: Clients can access up to 20 times the FDIC insurance limit, with two-person households receiving up to $20M in coverage.
Enhanced Visibility and Client Engagement: Manage your clients’ balances by seeing their held-away cash through the Flourish dashboard. Then, you can set up standing instructions with their custodians to act on these balances.
Flourish Referrals: Your clients can refer their friends and family to you to discuss their cash needs. For example, one client referred his brother who had just sold his business to his advisor via Flourish Referrals. A $5M portion of the sale amount was deposited into Flourish Cash, earning thousands in interest while the advisor connected with the prospect. A few months later, the advisor who was referred was able to convert this prospect into a client!

Elevate your financial advisory services with these powerful new tools and continue to provide exceptional value to your clients.

The Learning Center–Your Comprehensive Training Solution

Unlock the full potential of eMoney with The Learning Center, designed to provide smart, self-paced, and consolidated training. Whether you’re an advisor or support staff, our streamlined, personalized training experiences directly address your needs, boosting your success and helping you deliver value to your business and clients more quickly.

What’s New?

One Stop Shop – Access your training resources in one centralized location, eliminating the need to navigate to various spots around the application and blog.
Engaging Content – Diverse training resources, including personalized coaching, interactive guides, quizzes, and videos cater to all learning styles and make your learning experience more effective and enjoyable.
Learn at Your Own Pace – The Learning Center provides a self-guided curriculum to navigate how and when you want. Once you’ve learned the basics, a full list of training topics will become available, allowing you to control the areas you wish to explore further.
Train Your Support Users – Your support users now have access to the full suite of training resources, including success coaching.

We look forward to continuing to support you and your firm as you deepen your expertise with eMoney.

Screen Sharing Discontinuation

COMING SOON

To adapt to updated industry standards and due to low usage, the Screen Share function will be discontinued this November.

Our research has shown that financial advisors prefer using well-known screen-sharing technologies due to their popularity, ease of use, and robust security features. This preference has resulted in low usage of the Screen Share feature. To allow our team to focus on the capabilities that are most impactful to you, this function will be discontinued after November 12.

After November 12, Screen Share will no longer be available, however, Present Mode, which protects clients’ information by locking in a single client’s facts, will remain accessible.