Review Detail
Overall rating
3.8
Company
5.0
Interface
4.0
Integration
4.0
Pricing
4.0
Monte Carlo Simulation
5.0
Taxes
3.0
Asset Allocation
3.0
LTC-College Planning
4.0
Estate Planning
2.0
Great Tool unless Cash-Flow or Estate Planning Plays Big Part in Engagement
MGP is great for clients whose main concern is financial independence.
User Review
The Good
Great interface and clients love the "simplicity" of it all. Goal based planning makes sense for those boomers that have retirement on the horizon and have lots of things planned. Clients love doing the "what if" scenarios and appreciate who MGP lists the likelihood of goal attainment in order of the client's priorities.
The Bad
Although I am a huge advocate of goal-based planning... there are many scenarios when you have to role up your sleeves and do solid cash-flow projections. MGP is not the tool for this job. We use Naviplan Extended for sophisticated estate and tax planning clients.
The Bottom Line
Love it for clients who are engaged and already have assets. Tough to use for clients just starting out or those who are more sophisticated.
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