William Huston, AIF®, AIFA®

Top 10 Financial Planning Software For Financial Advisors

William Huston, AIF®, AIFA®

William Huston, AIF®, AIFA®

Top 10 Financial Planning Software For Financial Advisors

You've probably heard of financial planning software and perhaps you've even used one before. But before we go any deeper, some people may ask, what is a financial planning software and what does it do?

Key Takeaways
  • Financial planning software are assistants to financial advisors and their clients
  • Selecting a financial planning software requires a good understanding of client's need
  • Software that are intuitive and supported across devices are the best options


The contents of this article are for educational purposes only. They are not intended to be a source of professional financial advice. You will find experts on financial planning and financial management here. More on disclaimers here.

Financial Planning Software

A financial planning software is a program that helps financial advisors manage their clients' money. The platforms provide tools for tracking investments, analyzing spending and income, and forecasting future needs. They help advisors keep track of their clients' finances and make sound investment recommendations.

There are many different financial planning platforms available in the market today and so it's important to find the one that is right for you. The question is though, how do you determine which financial planning software program is worth investing in?

Here are a few things to look out for.

Tips On How To Select The Right Financial Planning Software

Start by understanding your client's needs

The right financial planning software can help you streamline your work and make better decisions for your clients . To find the right software, start by understanding your client's needs and what type of information they would like to track when it comes to keeping track of their personal finances and money management in general. Is it that they want to save money, or invest or plan for their retirement? It is important to have this information beforehand.

This will help you as an advisor help them map out a complete financial picture that is beneficial to them and that is in line with their short and long term financial goals. Once you have a good understanding of what the software can do for you and your clients, take the time to test out different versions to find the best one.

Determine whether your client needs a goals-based or cash-flow-based software

If you're looking for a financial planning software that will help your clients stay on track and make smart decisions, then you'll want to consider goals-based or cash-flow-based software.

Cash-flow-based software is great for people who want to stay organized and keep track of their spending. With this type of software, you can set goals and see how much money you have left over each month, as well as how much money you need to reach your goal.

Goal-based software is perfect for people who want more control over their finances. With this type of software, you create your own goals and the program will help you reach them by tracking your spending and saving habits.

Put into consideration if your clients would prefer to receive their digital plans as a physical copy or in digital format

When looking for a financial planning software that will help you manage your clients' finances, you may need to consider if your clients prefer to receive their plans and other financial data as physical copies or online.

Look for software that is intuitive and that's supported across different types of devices

If you're looking for a financial planning software that can help you manage your clients' money effectively, you'll want to consider choosing one that is intuitive and supported on different devices.

Some of the best software options available today are those that are easy to use and can be accessed from any device be it your tablet, mobile phone or laptop. Look for software that has been well-received by others and make sure it is compatible with your devices, as this will make life easier for your clients when it comes to keeping track of their personal finances.

Consider the security measures put in place

The financial planning software you choose can have a significant impact on your financial security. Make sure the software has strong security measures in place to protect your clients 'financial data and personal information. Look for software that has updated anti-virus and firewall protection, as well as backup and restore capabilities.

Also, be sure to ask the vendor about any customer support options available should you need them.

Top 10 Financial Planning Software

Now that you're aware of the things to look out for, here are 10 great financial planning software platforms that you can use as an advisor.

Logo - Sora

Sora Finance is among the top financial planning software that brings debt optimization to the financial advisory and wealth management industry. The product continuously scans and monitors US lenders in the background to find better rates for your clients’ new or existing liabilities (home, auto, and lines of credit). Sora selects the ideal loan option for your client and helps to seamlessly execute the loan. With its “set it and forget it” capability, Sora automatically optimizes your clients’ interest rates, freeing up more capital to invest. Sora helps advisors close new clients by delivering additional value, improve retention by embedding further in client financials, and increase AUM by unlocking excess interest payments.

Sora has raised $2.5M in pre-seed funding and is set to launch the beta version of its product in Q2 2022 with a select group of advisors (exclusive pilot pricing applies).

eMoney Pro
Logo - eMoney Pro

If you are a financial advisor, then you know that keeping your clients' money safe and sound is your top priority. eMoney Pro is the perfect financial planning software for advisors who want to keep track of their clients' assets, liabilities, and income. This software helps advisors create accurate budgets, track client progress, and make informed investment recommendations. Plus, it's easy to use and integrates with other popular accounting software programs.

Logo - AdvisorEngine

AdvisorEngine is a financial planning software for financial advisors that can help them manage their clients' money more effectively and efficiently. The software provides a comprehensive and customizable platform that enables advisors to track client assets, liabilities, income, create budgets, forecasts, reports as well as communicate with clients on a regular basis.

eMoney Plus
Logo - eMoney Plus

If you are a financial advisor, then you know that keeping track of your clients' finances is a top priority. eMoney Plus is the perfect financial planning software for advisors who want to keep their clients' finances organized and easy to manage.

With eMoney Plus, you can easily create budgets, track investment performance, and more.

Logo - MoneyGuidePro

MoneyGuidePro is among the most comprehensive and user-friendly financial planning software available, with features that allow advisors to manage their clients' entire financial lives. MoneyGuidePro offers advisors access to powerful tools for budgeting, investing, and retirement planning, as well as real-time insights into their clients' individual financial status.

Logo - Moneytree

Moneytree is a comprehensive financial planning software for advisors. It helps advisors plan and manage their clients' finances, including retirement planning, estate planning, and tax preparation.

The software is easy to use and provides complete financial information for each client. Moneytree also offers a wealth management service that helps advisors manage their clients' investments.

Logo - NaviPlan

NaviPlan is a comprehensive financial planning software for advisors. It provides a complete financial planning solution for advisors of all levels of experience, from beginner to experienced. NaviPlan offers a variety of features that make it the perfect tool for advisors who want to manage their clients' finances. They provide financial planning tools, a budgeting tool, an integrated portfolio management system to help advisors manage their clients' investments as well as a powerful reporting system that lets advisors see how their clients are doing over time.

Orion Financial Planning
Logo - Orion Financial Planning

Orion Financial Planning is a financial planning software for financial advisors that enables them to manage their clients' finances in a centralized location, track their performance, and make informed recommendations. Orion Financial Planning is easy to use and provides powerful tools for tracking investments, forecasting future income and expenses, and creating budgets.

Logo - RightCapital

RightCapital is a great financial planning software for financial advisors. It provides all the tools necessary to help advisors manage their clients' money, grow their practice, and protect their assets. With RightCapital, dvisors can easily create budgets, track progress, and make informed decisions.

Logo - Simplicitree

Simplicitree is a financial planning software for advisors that offers a user-friendly interface, powerful tools, and helpful features that help advisors manage their clients' money better. The software also includes features that allow advisors to recommend investment strategies and make informed decisions about client portfolios.

With Simplicitree, advisors can track their clients' investments and portfolios, plan their retirement income, and more. Their easy-to-use tools make it easy to stay up to date on the latest financial news and trends.

Pros & Cons Of Financial Planning Software

A laptop
  • Financial planning software programs help advisors stay organized and keep track of all their clients' finances.
  • These platforms can also help advisors save time and money by automating tasks such as creating budgets, tracking investments, and forecasting future income.
  • These programs can help advisors stay up-to-date on regulatory changes and best practices in the financial industry.
  • Financial planning software programs can provide detailed information on investment options and strategies, saving time and money in the process.
  • Some programs may be complex and require a lot of time to learn. This can be difficult for advisors who may already have full-time jobs and other responsibilities.
  • Some programs can be expensive and so it might not be feasible for all advisors to use them.
  • Some software programs may not be as user-friendly as other types of planners thus making it harder for the advisor to use.


As a financial advisor, picking the best financial planning software is of great importance as it will impact the financial plans that you generate and share with your clients. If you're able to test these platforms or get on a free trial arrangement before choosing one, even better.

This way, you'll be making your decision from an informed point of view.

Bay Street Capital Holdings

Logo - Bay Street Capital Holdings

Bay Street Capital Holdings is an independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. They manage portfolios with the goal of maintaining and increasing total assets and income with a high priority on managing total risk and volatility. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.

Our founder, William Huston founded Bay Street after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2021. In California, only two black-owned firms out of nineteen firms received this recognition. In Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street was selected as a finalist out of over 900 firms across the US in the category of Asset Manager for Corporate Social Responsibility (CSR).








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