EMoney Advisor, a leading provider of comprehensive wealth and goal planning solutions, announced today that it has teamed up with Blue Frog Solutions, a leading technology solutions provider and business processing outsourcing (BPO) firm that focuses on the life and annuities market.
The partnership will result in superior data integration capabilities for advisors and their clients, and specifically the baby boomer generation seeking retirement planning.
Blue Frog's AFFIRM for Annuities solution provides point-of-sale data capture of annuity products for compliant and in-good-order straight-through- processing. Advisors that have clients seeking fixed income products will now be able to use eMoney to integrate directly with processing functionality that will result in improved processing times and drastic reductions in errors for clients seeking retirement income products.
"The combination of eMoney's award-winning advisory tools and Blue Frog's impressive processing capabilities results in an exciting new development for the retirement market," said Michael Zebrowski, COO, eMoney Advisor. "Data integration has been an important issue in retirement planning and this partnership showcases our commitment to provide innovation and best-of-breed services."
Later this month, eMoney will release Version 5.2 of its eMoney Advisor 360Pro suite of financial planning tools, which will include a sophisticated Annuity Income Analysis Tool, which headlines five new stand-alone Needs Analysis Modules. The application was created in order to meet the need of rising annuity sales, and combining this with Blue Frog's technology brings a superior product to the market.
"This exciting alliance with eMoney Advisor allows us to build upon our existing foundation of providing comprehensive services," said Brad Levine, President, Blue Frog Solutions. "Integrating our sophisticated technology with eMoney's first class tools, results in a more efficient process for advisors and their clients."
The eMoney 360 and 360Pro software allows financial advisors to supply all-inclusive planning for both affluent and high net worth clients. In addition to the Retirement Income Planning Module, the software includes a dynamic interview process, full financial planning capabilities, Modular Needs Analysis now in 11 categories, Mandatory Spending vs. Guaranteed Income Analysis and Asset Allocation. Advisors can provide clients with all of this information online, on paper or directly to their PDAs and phones.
The alliance is effective immediately.