Press Releases
| For Independent Financial Advisors, Size Doesn't Matter Anymore |
| New Intuit PortfolioMinder Offers an Affordable Solution That Lets Advisors Service Clients Like the Big Brokers |
| MOUNTAIN VIEW, Calif. - Feb. 10, 2006 - coIndependent financial advisors have always prided themselves on offering personalized service that no large brokerage firm could match. Now they have another advantage.
With professional-looking reports, instant access to multiple client portfolios, and the ability to offer clients access to their own personalized portfolio Web page, independent financial advisors can be confident that they can compete with services offered by larger firms and brokerage houses. "The playing field is now leveled," said Michael Garry of Yardley Wealth Management in Newtown, Pa. A Certified Financial Planner Practitioner for eight years, Garry recently started Yardley after working for a larger firm that used a costly, complex management package. "PortfolioMinder is perfect for my size business. It has given me the tools I need to compete with the big guys, without breaking the bank or burying me in unneeded product features." PortfolioMinder combines two Intuit hallmarks – affordability and ease-of-use – to give independent financial advisors a better way to manage multiple client portfolios, present information in professional-looking AIMR-compliant reports and offer better overall customer service. "Until now, independent financial advisors have either had to purchase expensive, overly complicated portfolio management systems or make do with labor-intensive spreadsheets," said Bob Stock, Intuit director of new products. "With PortfolioMinder, we worked closely with independent financial advisors to find out exactly what they really needed to succeed, and created a product that was right for them. Now instead of crunching numbers, they can spend their time focused on their clients and building their practice." Complete, professional portfolio management PortfolioMinder handles the key jobs that advisors must address to manage their clients’ portfolios – from information gathering and tracking to reports and client invoicing. PortfolioMinder automatically downloads managed account data from key custodians and institutions with the prices updated nightly. This connectivity, currently available for a limited number of financial institutions, enables independent financial advisors to stay current and lets them review and reconcile client information quickly. Advisors can also track non-managed accounts with easy manual entry. Independent financial advisors now have the data they need right at their fingertips. They can instantly view and access client account data, with accounts viewed by household and investment objective. Advisors can also track performance by portfolios, securities held, and other criteria for better analysis. All assets can be viewed from one place, with "drill-down" portfolio views to see accounting details, without having to run a separate report. Generate reports; create invoices PortfolioMinder can quickly generate dozens of reports on investments, performance, asset allocation, capital gains and more. Independent financial advisors can also create invoices for fee-based and retainer-based services, as well as generate year-end reports to aid in filing a Schedule D. As a Web-based solution, PortfolioMinder allows advisors to offer clients, password-protected access to a firm-branded and personalized Web page that includes account information, advisor-posted reports and invoices. PortfolioMinder also provides offsite back up for critical client data while requiring minimal hardware and software to maintain. "With PortfolioMinder, not only does data get entered automatically, but our clients can log in at any time and get a clear picture of their financial performance," Garry added. "In a business where good communications is paramount, the Web feature alone justifies the switch." Pricing and availability PortfolioMinder is scheduled to be available in February 2006 for a special limited-time introductory setup price of $495 – a $500 savings off the regular setup price – and a $150 monthly subscription fee. Financial advisors can obtain additional product information and determine whether auto-upload is available for their financial institutions by logging on to www.PortfolioMinder.com or calling (800) 843-0012 weekdays between 6 a.m. and 5 p.m. Pacific time. About Intuit Inc. Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. Founded in 1983, Intuit had annual revenue of more than $2 billion in its fiscal year 2005. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom. More information can be found at www.Intuit.com. |
| oIntuit, the Intuit logo and Quicken, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such. Note to Editors: for more information about Quicken Medical Expense Manager, including screen shots, box shots, sample data, and customer videos, please visit: www.intuit.com/pressroom and select "Quicken Medical Expense Manager" from the Virtual Press Kits menu. |