How to Use eMoney to Review Your Total Investment StrategySubmitted by Reby Advisors | Certified Financial Planners | Danbury, CT on July 16th, 2020
By George Koeltl, CFP®, July 14, 2020
Many investors who own multiple accounts lack visibility into how much risk they are really exposed to. With numerous logins and individual statements from each account, it’s incredibly difficult to assess whether your overall investment strategy is properly diversified, too risky, or not aggressive enough to achieve your goals.
Here at Reby Advisors, we use eMoney's Investment & Asset Allocation Reports to holistically analyze all accounts and provide comprehensive advice on a household’s overall strategy. Clients who securely link their accounts to eMoney also benefit from this single, organized view.
Watch the demo below to see how it works:
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How the Investment & Asset Allocation Reports Help Investors
Chances are likely that you’ve got a 529 plan at Vanguard, for instance, along with a 401(k) through an employer, a spouse’s retirement account through another employer, and – for the wisest among us – a Charles Schwab account through Reby Advisors.
You may only see the changes to some of these accounts during an annual or semi-annual meeting. Or maybe you infrequently log into an employer retirement plan account. A periodic, siloed view of your accounts doesn’t provide the full picture that you really need to make informed investment decisions.
Through eMoney, you can securely link all of your investments and then use the Allocation screen to view a clear and concise pie chart that accurately depicts all of your investments in real-time. Detecting when your overall portfolio drifts off course allows you and your financial planning team the opportunity to rebalance in accordance with your risk tolerance and goals.
Having all of this information clearly and accurately visible in real-time also results in more timely advice. For instance, if it’s still 2020 and you have a well-funded cash account, your financial planning team would be able to advise against withdrawing from an IRA account (since required minimum distributions have been waived for the calendar year) and potentially save thousands of dollars in taxes.
That is just one example of how the eMoney Investment & Asset Allocation Reports improve transparency and communication as we strive to enhance your financial outcomes.
Get the eMoney Investment & Asset Allocation Reports!
If you are a Reby Advisors client and would like help setting up the Investment & Asset Allocation Reports in eMoney, please do not hesitate to reach out to your advisor directly or use the form below for assistance.
If you are not yet a client, click below to request a complimentary consultation.