Asset ManagementEnvestnet Offers Complimentary Access to MyBlocks™ Planning Tool by MoneyGuide

Helping More Americans Plan for the Future and Work Toward Financial Wellness During Time of Crisis
PRNewswire PRNewswireApril 10, 20205 min

The world has changed due to the COVID-19 outbreak, and the pandemic has had a dramatic impact on Americans’ financial lives. Envestnet, Inc. (NYSE: ENV) today announced a special free offer of its MyBlocks™ financial planning tool, by Envestnet | MoneyGuide, to give consumers access to planning solutions that they can explore on their own through a financial advisor.

Advisors within the financial services community can make MyBlocks available for free to clients and prospects for the next 90 days. Envestnet will also provide employees of its enterprise and RIA customers with free access to MyBlocks during this period. MyBlocks is a leading digital client engagement tool that breaks down key financial wellness topics, such as retirement planning and protecting your family, into bite-size modules, known as “blocks.” These interactive modules allow clients to explore their financial lives on their own and discover answers to questions they may have. Advisors can then utilize this information to begin financial planning conversations.

“While we cannot manufacture masks or ventilators, we want to do our part to help as many Americans as possible during this time of crisis,” said Bill Crager, CEO of Envestnet. “We are providing the broader advisor community with free access to our MyBlocks planning tool to help more people across the country navigate through this turbulent time.”

Envestnet is also providing complimentary 90-day access to Envestnet | Yodlee data aggregation to enable the availability of Envestnet | Yodlee FinApps within MyBlocks. Clients can construct a full picture of assets, liabilities, and other financial information—and have the ability to track finances to evaluate and forecast future expenses and income, measure their financial health, and answer questions such as, “Is it okay to spend?”

All Americans can self-register for MyBlocks through a link provided by their advisors—and utilize MyBlocks to obtain a pulse-check on how they are doing financially, identify how long their money will last, protect their families, help enable a path to achieve financial freedom, and much more.

“The fear of the unknown is most stressful,” said Tony Leal, President of Envestnet | MoneyGuide. “Having a plan, regardless of how detailed, can help relieve the stress caused by these tough financial times.”

Non-MoneyGuide subscribers interested in requesting a complimentary trial of MyBlocks can visit https://www.moneyguidepro.com/static/MyBlocks-Financial-Wellness.htm. As part of the trial, advisors can benefit from Envestnet | MoneyGuide’s award-winning advisor support and onboarding resources. For every financial plan created from MyBlocks during the offer period, Envestnet will donate $1 (up to $25,000) to Feeding America.

“April is National Financial Literacy Month, and as parents are home with their families, we hope they’ll take this opportunity to have a conversation about finances with our nation’s future investors, as they can benefit greatly from these digital tools to learn about risk, how to best apply money toward credit card debt and student loans, and how to build an emergency account,” added Mr. Leal.

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