FOR IMMEDIATE RELEASE
Industry-leading financial planning innovator adds premier high-yield cash solution to help advisors plan holistically and guide clients toward financial wellness
Chicago, IL and New York, NY — February 10, 2021 — Envestnet | MoneyGuide and MaxMyInterest (“Max”) announced an integration to give advisors greater insight into clients’ held-away cash balances and provide an intelligence-driven solution to help them earn higher yield on their cash.
MoneyGuide users can now seamlessly incorporate Max’s patented cash solution into planning efforts, assisting clients in building emergency funds or optimizing cash management. Advisors can offer clients preferred rates up to 0.75% APY on FDIC-insured deposits with same-day liquidity. These account balances can then be viewed directly within client plans in Envestnet | MoneyGuide.
“We believe everyone deserves a quality financial plan, and effective cash management is an essential component,” said Tony Leal, President of Envestnet | MoneyGuide. “This integration helps advisors automatically gain visibility into cash balances while enabling clients to earn more.”
Key Benefits for Advisors and Clients:
- Increases advisor productivity by seamlessly integrating clients’ held-away cash balances into MoneyGuide.
- Provides clients with a set-it-and-forget-it solution that automatically allocates cash to the highest-yielding accounts as rates change.
“Max is used by advisors from over 1,200 wealth management firms, many using MoneyGuide, making this integration especially impactful,” said Michael Halloran, Head of Partnerships and Business Development for MaxMyInterest. “More robust data leads to stronger financial plans. Max combines unique account aggregation with preferred rates to help planners improve their clients’ financial outcomes.”
Information on Envestnet | MoneyGuide’s integrations is available at moneyguidepro.com/ifa/Home/IntegrationPartners.
About Envestnet | MoneyGuide
Envestnet, Inc. (NYSE: ENV) empowers advisors and financial service providers with innovative technology to make financial wellness achievable for everyone. Over 105,000 advisors across more than 5,100 companies—including major banks, brokerage firms, RIAs, and FinTech companies—use the Envestnet platform to enhance client relationships.
For more information, visit moneyguidepro.com and follow @ENVMoneyGuide on Twitter and MoneyGuide on LinkedIn.
About MaxMyInterest
MaxMyInterest (“Max”), a service of Six Trees Capital LLC, offers intelligent cash management solutions enabling advisors, individuals, and institutions to earn higher yields on FDIC-insured cash. Max clients earn up to 0.75% APY, significantly exceeding the national savings average of 0.05%.
Learn more:
- Advisors: MaxForAdvisors.com
- Individuals: MaxMyInterest.com
Media Contacts
MaxMyInterest
FiComm Partners
Rita McNeil
+1 (862) 202-1733
Rita.McNeil@FiCommPartners.com
Envestnet | MoneyGuide
JConnelly
Dana Taormina
+1 (973) 647-4626
envestnetpr@jconnelly.com