Quick Overview
- 1#1: eMoney Advisor - Comprehensive financial planning platform providing holistic client views, scenario modeling, and wealth management tools for advisors.
- 2#2: MoneyGuidePro - Goal-based financial planning software that helps advisors visualize client goals, run scenarios, and prioritize recommendations.
- 3#3: RightCapital - Modern cloud-based planning tool with Monte Carlo analysis, real-time modeling, and client-facing portals for advisors.
- 4#4: Advyzon - All-in-one advisor platform integrating financial planning, portfolio management, CRM, billing, and reporting.
- 5#5: Morningstar Advisor Workstation - Investment analysis and portfolio management software offering research, modeling, and performance tools for advisors.
- 6#6: Orion Advisor Solutions - Portfolio accounting, reporting, and performance platform designed for RIAs and financial advisors.
- 7#7: Holistiplan - Tax-efficient financial planning software that automates Roth conversions, asset location, and tax alpha strategies.
- 8#8: Riskalyze - Risk alignment platform combining portfolio construction, stress testing, and client risk tolerance assessments.
- 9#9: Black Diamond Wealth Platform - Scalable portfolio management and reporting solution for advisors serving high-net-worth clients.
- 10#10: WealthTrace - Dynamic cash flow-based financial planning software with detailed projections and what-if scenarios.
These tools were carefully chosen based on core criteria including comprehensive feature sets (scenario modeling, portfolio analysis, and client engagement tools), user experience design, reliability, and overall value, ensuring they align with the evolving needs of financial advisors and their clients.
Comparison Table
This comparison table highlights leading advisor financial planning software, such as eMoney Advisor, MoneyGuidePro, RightCapital, Advyzon, Morningstar Advisor Workstation, and others, to assist advisors in evaluating tools that fit their practice requirements. Readers will discover key features, usability, client engagement tools, and unique strengths of each platform, enabling informed choices to align with their business objectives.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | eMoney Advisor Comprehensive financial planning platform providing holistic client views, scenario modeling, and wealth management tools for advisors. | enterprise | 9.5/10 | 9.8/10 | 8.4/10 | 9.1/10 |
| 2 | MoneyGuidePro Goal-based financial planning software that helps advisors visualize client goals, run scenarios, and prioritize recommendations. | enterprise | 9.2/10 | 9.6/10 | 8.1/10 | 8.4/10 |
| 3 | RightCapital Modern cloud-based planning tool with Monte Carlo analysis, real-time modeling, and client-facing portals for advisors. | specialized | 8.7/10 | 9.2/10 | 8.8/10 | 8.4/10 |
| 4 | Advyzon All-in-one advisor platform integrating financial planning, portfolio management, CRM, billing, and reporting. | enterprise | 8.4/10 | 9.0/10 | 7.8/10 | 8.0/10 |
| 5 | Morningstar Advisor Workstation Investment analysis and portfolio management software offering research, modeling, and performance tools for advisors. | enterprise | 8.1/10 | 9.2/10 | 6.8/10 | 7.4/10 |
| 6 | Orion Advisor Solutions Portfolio accounting, reporting, and performance platform designed for RIAs and financial advisors. | enterprise | 8.7/10 | 9.2/10 | 8.0/10 | 8.3/10 |
| 7 | Holistiplan Tax-efficient financial planning software that automates Roth conversions, asset location, and tax alpha strategies. | specialized | 8.7/10 | 9.4/10 | 8.1/10 | 8.3/10 |
| 8 | Riskalyze Risk alignment platform combining portfolio construction, stress testing, and client risk tolerance assessments. | specialized | 8.4/10 | 8.8/10 | 9.2/10 | 7.9/10 |
| 9 | Black Diamond Wealth Platform Scalable portfolio management and reporting solution for advisors serving high-net-worth clients. | enterprise | 8.5/10 | 9.2/10 | 7.8/10 | 8.0/10 |
| 10 | WealthTrace Dynamic cash flow-based financial planning software with detailed projections and what-if scenarios. | specialized | 7.9/10 | 8.7/10 | 7.2/10 | 7.4/10 |
Comprehensive financial planning platform providing holistic client views, scenario modeling, and wealth management tools for advisors.
Goal-based financial planning software that helps advisors visualize client goals, run scenarios, and prioritize recommendations.
Modern cloud-based planning tool with Monte Carlo analysis, real-time modeling, and client-facing portals for advisors.
All-in-one advisor platform integrating financial planning, portfolio management, CRM, billing, and reporting.
Investment analysis and portfolio management software offering research, modeling, and performance tools for advisors.
Portfolio accounting, reporting, and performance platform designed for RIAs and financial advisors.
Tax-efficient financial planning software that automates Roth conversions, asset location, and tax alpha strategies.
Risk alignment platform combining portfolio construction, stress testing, and client risk tolerance assessments.
Scalable portfolio management and reporting solution for advisors serving high-net-worth clients.
Dynamic cash flow-based financial planning software with detailed projections and what-if scenarios.
eMoney Advisor
enterpriseComprehensive financial planning platform providing holistic client views, scenario modeling, and wealth management tools for advisors.
Decision Center for real-time, interactive financial scenario modeling and client collaboration
eMoney Advisor is a comprehensive financial planning platform tailored for wealth management advisors, enabling detailed goal-based planning, cash flow analysis, and retirement projections. It integrates data from multiple custodians and accounts for holistic household-level modeling, supporting scenario analysis and interactive client engagement. The software stands out with its Decision Center, allowing advisors to collaborate with clients in real-time on financial decisions.
Pros
- Exceptional cash flow visualization and forecasting tools
- Seamless data aggregation from 15,000+ sources
- Interactive client portal and Decision Center for engagement
Cons
- Steep learning curve for new users
- High pricing suitable only for larger firms
- Limited mobile app functionality compared to competitors
Best For
Enterprise-level financial advisors and wealth managers handling high-net-worth clients who need advanced, household-centric planning tools.
Pricing
Custom enterprise pricing, typically $5,000–$15,000 per advisor annually, with volume discounts for firms.
MoneyGuidePro
enterpriseGoal-based financial planning software that helps advisors visualize client goals, run scenarios, and prioritize recommendations.
Decision Center's interactive visual dashboard that simultaneously displays probability of success across multiple goals and scenarios
MoneyGuidePro is a robust financial planning platform designed specifically for financial advisors to develop comprehensive, goal-based plans for clients. It excels in retirement planning, cash flow analysis, and risk assessment through advanced Monte Carlo simulations and scenario modeling. The software includes a client portal for collaborative planning and integrates seamlessly with popular CRMs and portfolio management systems.
Pros
- Extensive goal-based planning with Monte Carlo simulations
- Highly customizable reports and visual tools like Decision Center
- Strong integrations with CRMs and custodians
Cons
- Steep learning curve for new users
- Dated user interface compared to newer competitors
- Premium pricing may not suit smaller firms
Best For
Established financial advisors serving high-net-worth clients who require sophisticated, data-driven planning tools.
Pricing
Custom enterprise pricing, typically $2,500-$5,000 per advisor annually, with volume discounts for larger firms.
RightCapital
specializedModern cloud-based planning tool with Monte Carlo analysis, real-time modeling, and client-facing portals for advisors.
Interactive lifetime cash flow waterfall charts that dynamically illustrate income, expenses, and net worth projections
RightCapital is a modern, cloud-based financial planning platform tailored for financial advisors, enabling comprehensive retirement, tax, and cash flow projections through interactive visualizations. It features dynamic scenario modeling, Social Security optimization, and client portals that empower advisors to engage clients collaboratively. The software integrates seamlessly with CRMs and custodians, streamlining workflows for holistic financial planning.
Pros
- Highly intuitive visualizations and interactive charts for client engagement
- Robust tools for tax planning, retirement decumulation, and Social Security optimization
- Strong integrations with CRMs like Wealthbox and Redtail, plus custodians
Cons
- Limited advanced Monte Carlo analysis compared to top competitors
- Reporting customization lacks depth for complex enterprise needs
- Pricing scales quickly for firms with multiple advisors
Best For
Financial advisors seeking visually engaging tools to collaborate with tech-savvy clients on retirement and tax-focused plans.
Pricing
Starts at $150/advisor/month (billed annually), with tiered plans up to $200+ for advanced features and unlimited clients.
Advyzon
enterpriseAll-in-one advisor platform integrating financial planning, portfolio management, CRM, billing, and reporting.
Unified billing engine that calculates fees directly from live portfolio data with automated invoicing and client approval workflows
Advyzon is an all-in-one platform designed for financial advisors and RIAs, integrating CRM, portfolio management, financial planning, reporting, billing, and client portals into a unified workspace. It supports seamless custodian integrations with firms like Schwab, Fidelity, and Pershing, enabling automated data aggregation, trading, rebalancing, and compliance tools. The software streamlines advisor workflows by centralizing client data, documents, and communications in a secure, mobile-friendly environment.
Pros
- Comprehensive all-in-one suite eliminates need for multiple vendors
- Strong integrations with major custodians and robust reporting capabilities
- Intuitive client portal enhances advisor-client engagement
Cons
- Higher pricing may deter solo advisors or very small firms
- Steep learning curve during initial setup and customization
- Limited advanced financial planning modeling compared to specialized tools
Best For
Mid-sized RIAs and advisory firms seeking an integrated platform to scale operations without juggling disparate software.
Pricing
Custom subscription starting at ~$1,200/month base fee, plus $95-$150 per advisor/user and optional AUM-based fees for advanced reporting.
Morningstar Advisor Workstation
enterpriseInvestment analysis and portfolio management software offering research, modeling, and performance tools for advisors.
Proprietary Morningstar star ratings and analyst research seamlessly integrated into portfolio construction and client reporting
Morningstar Advisor Workstation is a comprehensive platform tailored for financial advisors, providing extensive investment research, portfolio analysis, asset allocation modeling, and performance reporting tools. It leverages Morningstar's vast database of securities data, including proprietary star ratings and analyst insights, to help advisors construct and monitor client portfolios effectively. While it offers some financial planning modules for retirement projections and goal setting, its core strength lies in investment analytics rather than holistic cash flow or scenario-based planning.
Pros
- Unmatched depth of independent investment research and data
- Powerful portfolio analytics including X-Ray tools and stress testing
- Seamless integration with multiple custodians and CRM systems
Cons
- Steep learning curve and complex interface
- High cost may not suit smaller advisory firms
- Limited advanced financial planning features compared to specialized tools
Best For
Investment-focused advisors managing portfolios for high-net-worth clients who prioritize research-driven decision-making.
Pricing
Custom enterprise pricing typically starts at $15,000-$30,000 per year based on modules, users, and assets under management.
Orion Advisor Solutions
enterprisePortfolio accounting, reporting, and performance platform designed for RIAs and financial advisors.
Universal custodian aggregation delivering real-time, household-level performance reporting across all client accounts
Orion Advisor Solutions is a robust wealthtech platform designed for financial advisors, offering integrated portfolio management, performance reporting, account aggregation, and financial planning tools. It excels in unifying data from over 100 custodians to provide customizable dashboards, billing automation, and rebalancing capabilities. The Orion Planning module supports goal-based planning with scenario analysis and Monte Carlo simulations, making it suitable for holistic client advisory services.
Pros
- Superior performance reporting and analytics with customizable dashboards
- Seamless integrations with 100+ custodians and third-party tools
- Scalable platform with advanced rebalancing and billing automation
Cons
- Higher pricing may deter smaller firms
- Steeper learning curve for full feature utilization
- Financial planning module less intuitive than dedicated standalone planners
Best For
Mid-sized to enterprise-level advisory firms seeking an all-in-one platform for portfolio management and integrated financial planning.
Pricing
Custom subscription pricing based on AUM, typically 20-40 basis points or $10-50 per account, with tiers starting around $5,000/month for base plans.
Holistiplan
specializedTax-efficient financial planning software that automates Roth conversions, asset location, and tax alpha strategies.
Advanced tax optimization engine that dynamically models strategies like Roth conversions, QCDs, and tax-efficient withdrawal sequences
Holistiplan is a comprehensive financial planning software platform designed for financial advisors, offering tools for holistic planning including retirement projections, tax optimization, estate planning, and cash flow analysis. It features advanced Monte Carlo simulations, scenario modeling, and interactive client presentations with stunning visualizations. The software integrates with major custodians like Schwab and Fidelity for real-time account aggregation.
Pros
- Exceptional tax planning and optimization tools, including Roth conversion analysis
- Beautiful, interactive client reports and one-page plans that enhance engagement
- Robust scenario modeling with Monte Carlo simulations and custodian integrations
Cons
- Higher pricing compared to entry-level competitors
- Moderate learning curve for full feature utilization
- Limited advanced CRM or workflow automation integrations
Best For
Financial advisors focused on high-net-worth clients needing detailed tax-aware holistic planning and impressive client deliverables.
Pricing
Starts at $125/month per advisor (billed annually), with Pro plan at $199/month and enterprise custom pricing.
Riskalyze
specializedRisk alignment platform combining portfolio construction, stress testing, and client risk tolerance assessments.
The patented Risk Number for psychometrically accurate client risk profiling
Riskalyze is a specialized risk alignment platform designed for financial advisors to quantify client risk tolerance using the patented Risk Number, a score from 1-99 derived from a quick behavioral quiz. It enables advisors to score portfolios, run Monte Carlo simulations, perform stress tests, and generate client proposals to align investments with risk preferences. The software integrates seamlessly with popular CRMs and custodians, facilitating efficient client onboarding and ongoing monitoring.
Pros
- Precise risk tolerance assessment with the Risk Number
- Intuitive interface and quick client quizzes
- Robust integrations with custodians and CRMs
Cons
- Limited scope beyond risk and portfolio analysis
- Pricing can be steep for smaller advisory firms
- Less emphasis on comprehensive financial planning tools
Best For
Advisors prioritizing risk-aligned portfolio construction and client engagement over full-spectrum financial planning.
Pricing
Tiered subscriptions starting at ~$1,200/year for Essentials, up to $5,000+ for Enterprise plans based on users and features.
Black Diamond Wealth Platform
enterpriseScalable portfolio management and reporting solution for advisors serving high-net-worth clients.
The advanced, highly customizable reporting engine for consolidated household views and performance analytics
Black Diamond Wealth Platform by SS&C Technologies is a robust enterprise-level wealth management solution tailored for financial advisors and firms. It offers comprehensive portfolio accounting, performance reporting, client relationship management (CRM), billing, and rebalancing tools. The platform excels in data aggregation from multiple custodians and delivers highly customizable client reports and dashboards.
Pros
- Exceptional customizable reporting and householding capabilities
- Seamless integrations with major custodians and third-party tools
- Scalable for enterprise-level firms with strong data security
Cons
- Steep learning curve for new users due to complexity
- High cost structure not ideal for small practices
- Limited mobile functionality compared to competitors
Best For
Mid-to-large advisory firms needing advanced reporting and portfolio management for high-net-worth clients.
Pricing
Custom enterprise pricing based on AUM or users; typically starts at $10,000+ annually with tiered plans.
WealthTrace
specializedDynamic cash flow-based financial planning software with detailed projections and what-if scenarios.
Ultra-fast Trace Engine for real-time Monte Carlo simulations processing millions of market scenarios
WealthTrace is a robust financial planning software tailored for advisors, specializing in advanced Monte Carlo simulations to model retirement outcomes, investment strategies, and life events. It enables detailed scenario testing, including tax optimization, Social Security decisions, and withdrawal strategies, with real-time probabilistic forecasting. The platform integrates with custodians and offers a client portal for collaborative planning.
Pros
- Powerful Monte Carlo simulations with millions of scenarios
- Sophisticated tax and withdrawal optimization tools
- Strong scenario analysis for complex client plans
Cons
- Steep learning curve for new users
- Custom pricing lacks transparency
- Limited integrations with popular CRMs and custodians
Best For
Advisors handling high-net-worth clients who require deep probabilistic modeling and scenario testing.
Pricing
Quote-based enterprise pricing, typically $2,000-$5,000 per advisor annually depending on users and features.
Conclusion
In evaluating financial planning software, eMoney Advisor claims the top spot, boasting a comprehensive platform that integrates holistic client views with powerful scenario modeling. MoneyGuidePro and RightCapital follow closely, each offering distinct advantages—goal visualization for MoneyGuidePro and cloud-based real-time tools for RightCapital—making them strong options for varied needs. Together, these tools highlight the industry’s evolution toward more robust, client-focused solutions.
Take the next step in optimizing your practice: explore eMoney Advisor, the top-ranked choice, to unlock streamlined workflows and enhanced client support.
Tools Reviewed
All tools were independently evaluated for this comparison