Americans are collectively dealing with the impact of COVID-19, and it’s a scary time. At Envestnet, we want to do our part to help.

We’ve long said that financial planning is the gateway to financial wellness, and in a time when many Americans are facing difficult financial decisions and uncertainty about what lies ahead, we want to help more people take control and build a plan for the future. While we can’t manufacture masks or ventilators, we can help ensure that as many Americans as possible have access to free financial planning tools.

That’s why we’re offering MyBlocks™, from Envestnet | MoneyGuide, for free—for advisors, their clients and prospects, and employees of enterprise customers and their families—for three months. The availability of Envestnet | Yodlee FinApps will be free as well.

Any American can self-register for MyBlocks through a link from their financial advisor, and use it to obtain a pulse-check on how they are doing financially, identify how long their money will last, help protect their families, and so much more.

And, for every MyBlocks plan created during this time, Envestnet will donate $1, up to $25,000, to Feeding America.

Plan for the Future

MyBlocks is a digital financial planning tool that facilitates incremental financial decisions through a captivating user interface where key financial wellness topics are broken up into bite-sized “blocks.”

Paving the way for a new approach to financial discussions, MyBlocks is truly a self-service tool. Your clients are in control, completing interactive modules on their own time, at their own pace, while you provide advice and solutions to address their needs and concerns.

Facilitate Financial Literacy

April is National Financial Literacy Month, and we want everyone to benefit from the education and insight that MyBlocks can provide while they’re at home with their families.

By breaking up topics into easy-to-understand modules, users can increase their financial literacy while defining a financial plan to guide them along the path to achieving their goals. Regardless of where they are in their financial journeys, MyBlocks can help them:

  • Set financial goals
  • Learn about risk
  • Tackle credit card debt and student loans
  • Understand insurance options
  • See the value of an emergency account
  • Maximize Social Security benefits

To help you and your clients quickly put the tool into action, we’re also providing our award-winning advisor support and onboarding resources.

We are happy to do our small part to help you and your clients navigate this extremely uncertain and volatile period. This offer is available for all non-MoneyGuide subscribers. Contact your Envestnet Relationship Manager to learn more about MyBlocks and how you can use it for free for the next 90 days.

The information, analysis and opinions expressed herein are for informational purposes only and do not necessarily reflect the views of Envestnet. These views reflect the judgment of the author as of the date of writing and are subject to change at any time without notice. Nothing contained in this piece is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type.

Written by Bill Crager

As a co-founder and Chief Executive Officer of Envestnet, Bill Crager drives the development of our innovative financial wellness solutions and is responsible for the market growth of its comprehensive wealth management platform, which supports over 3,500 financial enterprises and more than 99,000 financial advisors, who collectively manage over $3.3T in assets.

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