Review Detail
Overall rating
4.2
Company
4.0
Interface
5.0
Integration
4.0
Pricing
5.0
Monte Carlo Simulation
4.0
Taxes
4.0
Asset Allocation
4.0
LTC-College Planning
4.0
Estate Planning
4.0
A simply awesome web-based financial planning software tool to use with clients.
In the financial planning software realm, there is always a trade off between complexity-simplicity and power (usefulness). In most cases that are not exorbitantly complex, Finance Logix finds the sweet spot by creating software that is useful by BOTH the planner and the client.
User Review
The Good
I started with Finance Logix back in it's infancy. This is the most pro-active code writing crew in the business. They take all suggestions and implement them quickly (in weeks or months, not years). The user interface is beautiful and the clients love working with it. And it is FAST. Being able to change parameters on the fly and see the charts change in front of your eyes is very compelling.
The Bad
Their asset allocation module is more basic than some planners might like, but it makes sense for most investors without overwhelming them with complexity. That said, it is a bit limited as a tool (although they are working on it).
The Bottom Line
This is the best planning software out there for the price. If you want something where you can work WITH your clients and you both can see on-the-fly adjustments to strategic elements and how that affects the long-run results, there is no better tool out there.
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