LPL's ClientWorks Adds Envestnet MoneyGuide

The addition of MoneyGuide to ClientWorks Connected provides LPL advisors with "more choice in selecting a fully integrated financial planning solution that can help them more efficiently manage their practices and create an even better client experience," he added.

MoneyGuide helps advisors use financial planning to motivate clients to create, implement and maintain investment strategies as they work toward financial wellness, the companies noted. Via the integration with ClientWorks, LPL advisors will be able to "see real-time account values, down to the position level, as well as plan probability in real time," they said.

Meanwhile, advisors' plan reports can be "seamlessly imported back into ClientWorks," the companies said, noting the software is available to advisors with "single-sign-on functionality, with no extra clicks necessary after logging into ClientWorks, making it easy and effortless to leverage the tool as part of their technology workstation."

Noting the significance of integrating with LPL, Tony Leal, president of Envestnet MoneyGuide, said in a statement that "by integrating with the largest independent broker-dealer in the country, we're able to offer advisors premier financial planning software that will empower them with the technology to meet the needs of their clients and help drive growth in their businesses."

There were already a "significant number" of LPL advisors using MoneyGuide, and Envestnet is "looking forward to the opportunity to work with many more LPL advisors who can benefit from our deep integration with LPL's ClientWorks platform," Leal said.