Access to Fidelity eMoney

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Topic Author
gbronc
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Access to Fidelity eMoney

Post by gbronc » Wed Jul 10, 2019 4:04 pm

I am a Fidelity Private Client customer and would love to try Fidelity's eMoney. I called Fidelity and they said they couldn't grant access over the phone. He said you need to go to a Fidelity Branch and have a Financial Advisor at the branch grant you access. Theoretically you could then just use it on your own independently after that, but I'd like to avoid the hassle of working with a Fidelity financial advisor.

Would be curious if anyone has a different experience getting access.

eMoney is a Financial Planning tool from a company Fidelity acquired in 2015 https://www.fidelity.com/about-fidelity ... ey-advisor. The tool is intended for professional financial advisors, so not readily available.
Last edited by gbronc on Wed Jul 10, 2019 6:27 pm, edited 1 time in total.

rolandtorres
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Re: Access to Fidelity eMoney

Post by rolandtorres » Wed Jul 10, 2019 4:48 pm

Cheapest way I've seen is to get it via Planvision for $96/yr. I'm sure you don't have to talk to Mark if you don't want to.

https://planvisionmn.com/

mervinj7
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Re: Access to Fidelity eMoney

Post by mervinj7 » Wed Jul 10, 2019 5:27 pm

Try Fidelity Full View. It's powered by eMoney.

https://www.fidelity.com/cash-managemen ... w/overview

Rajsx
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Location: Florida

Re: Access to Fidelity eMoney

Post by Rajsx » Wed Jul 10, 2019 5:32 pm

When using Emoney at planvision, does Mark have access to all passwords ??
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tenkuky
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Re: Access to Fidelity eMoney

Post by tenkuky » Wed Jul 10, 2019 5:39 pm

mervinj7 wrote:
Wed Jul 10, 2019 5:27 pm
Try Fidelity Full View. It's powered by eMoney.

https://www.fidelity.com/cash-managemen ... w/overview
Link broken. states
We’re sorry The page you’re looking for is currently unavailable or no longer exists.

Is this only accessible if you are an existing Fido client and log in?

Topic Author
gbronc
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Re: Access to Fidelity eMoney

Post by gbronc » Wed Jul 10, 2019 6:22 pm

mervinj7 wrote:
Wed Jul 10, 2019 5:27 pm
Try Fidelity Full View. It's powered by eMoney.

https://www.fidelity.com/cash-managemen ... w/overview
Yes, I forgot to say that. I'm aware that Full View is "powered by eMoney", but the capability I'm looking for is the full eMoney tool that was/is used by professional Financial Advisors. Far more full featured than Full View or the Retirement Planner on the Fidelity site, but also far more complicated and less useful for those that don't want to devote their time to learning it. eMoney's intended audience is not retail investors.

mhalley
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Re: Access to Fidelity eMoney

Post by mhalley » Wed Jul 10, 2019 9:46 pm

My understanding (I did a review with Mark several mos ago) is that he has a password to emoney so he can see your linked accounts, but does not have access to the various account passwords.

StealthRabbit
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Re: Access to Fidelity eMoney

Post by StealthRabbit » Wed Jul 10, 2019 10:00 pm

I happen to have a Fid office close-by. eMoney activated via a quick conversation with an account manager, not a Private Client Financial Advisor. Not something I intended, but they offered, so I gave it a spin.

Wish it would model the tax implications of the transition to single filing status, when first spouse dies. Glad I only have Federal income taxes to figure out. ( No income tax in my 3 states with home / investment income.)

mervinj7
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Re: Access to Fidelity eMoney

Post by mervinj7 » Wed Jul 10, 2019 10:14 pm

tenkuky wrote:
Wed Jul 10, 2019 5:39 pm
mervinj7 wrote:
Wed Jul 10, 2019 5:27 pm
Try Fidelity Full View. It's powered by eMoney.

https://www.fidelity.com/cash-managemen ... w/overview
Link broken. states
We’re sorry The page you’re looking for is currently unavailable or no longer exists.

Is this only accessible if you are an existing Fido client and log in?
A Fidelity login is required to use it.

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tfb
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Re: Access to Fidelity eMoney

Post by tfb » Wed Jul 10, 2019 10:37 pm

tenkuky wrote:
Wed Jul 10, 2019 5:39 pm
mervinj7 wrote:
Wed Jul 10, 2019 5:27 pm
Try Fidelity Full View. It's powered by eMoney.

https://www.fidelity.com/cash-managemen ... w/overview
Link broken. states
We’re sorry The page you’re looking for is currently unavailable or no longer exists.

Is this only accessible if you are an existing Fido client and log in?
Working link: https://www.fidelity.com/cash-managemen ... w/overview

Full View is powered by eMoney but it isn't eMoney itself. eMoney has financial planning features not in Full View.
Harry Sit, taking a break from the forums.

tj
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Re: Access to Fidelity eMoney

Post by tj » Thu Jul 11, 2019 3:02 am

StealthRabbit wrote:
Wed Jul 10, 2019 10:00 pm
I happen to have a Fid office close-by. eMoney activated via a quick conversation with an account manager, not a Private Client Financial Advisor. Not something I intended, but they offered, so I gave it a spin.

Wish it would model the tax implications of the transition to single filing status, when first spouse dies. Glad I only have Federal income taxes to figure out. ( No income tax in my 3 states with home / investment income.)

How much $$ do you need with fidelity to activate that benefit?

tj
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Re: Access to Fidelity eMoney

Post by tj » Thu Jul 11, 2019 1:54 pm

No luck with Fidelity chat. Their stance is that Fidelity Full View is all that they offer.

Jack FFR1846
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Re: Access to Fidelity eMoney

Post by Jack FFR1846 » Thu Jul 11, 2019 2:13 pm

tj wrote:
Thu Jul 11, 2019 3:02 am
How much $$ do you need with fidelity to activate that benefit?
Private Client, last I knew was $1M. I'm one but have no interest in this tool.
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radiowave
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Re: Access to Fidelity eMoney

Post by radiowave » Thu Jul 11, 2019 2:52 pm

What does eMoney give you above and beyond full view?
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tj
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Re: Access to Fidelity eMoney

Post by tj » Thu Jul 11, 2019 4:50 pm

radiowave wrote:
Thu Jul 11, 2019 2:52 pm
What does eMoney give you above and beyond full view?
That's not clear. It sounds like PlanVision's $96/yr would be the most cost efficient way to get access to it. What does it do that PersonalCapital doesn't do? What does Full View do that PersonalCapital do doesn't do?

Topic Author
gbronc
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Re: Access to Fidelity eMoney

Post by gbronc » Thu Jul 11, 2019 5:14 pm

tj wrote:
Thu Jul 11, 2019 4:50 pm
radiowave wrote:
Thu Jul 11, 2019 2:52 pm
What does eMoney give you above and beyond full view?
That's not clear. It sounds like PlanVision's $96/yr would be the most cost efficient way to get access to it. What does it do that PersonalCapital doesn't do? What does Full View do that PersonalCapital do doesn't do?
I first read about it here: https://www.kitces.com/blog/best-financ ... to-choose/

Kitces is a great writer with excellent insights, but he mostly blogs for professional advisors, which I am not.

eMoney is used by professional financial advisors and not retail investors, so Personal Capital, Full View and similar tools are really in a different class. It's somewhat like the difference between Adobe Photoshop and the built-in tools for photo editing in Windows. It depends on how much time you want to commit to learning a tool for what might be marginal benefit. I'm certainly not advocating that anyone use it, since I've never even seen it.

I am mostly just curious since I have tried 10+ calculators and was hoping I could get easy (free) access to eMoney via Fidelity to see what professional advisors use.

So, not looking for any more alternative tool recommendations. Looks like from this thread only one person successfully got access to it, so I will try my local Fidelity office since I drive past it everyday.

StealthRabbit
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Re: Access to Fidelity eMoney

Post by StealthRabbit » Thu Jul 11, 2019 6:13 pm

gbronc wrote:
Thu Jul 11, 2019 5:14 pm
...
I am mostly just curious since I have tried 10+ calculators and was hoping I could get easy (free) access to eMoney via Fidelity to see what professional advisors use.

So, not looking for any more alternative tool recommendations. Looks like from this thread only one person successfully got access to it, so I will try my local Fidelity office since I drive past it everyday.
That Worked for me, (dropping by the office and chummed up to my acct manager) She's a gem and was a bit overwhelmed with my planning complexities, so told me to go home and login, as she would activate eMoney.

eMoney has quite nice graphics/ reporting options (But I'm a spreadsheet person).
It allows for detailed granularity (different accts / types / inheritances / gifting / income streams / expense windows (like extended travel between age x and xx). Fidelity rep was able really tailor it to show my detail s (yr / yr if necessary)

Benefit to me was a complex RE portfolio (brick and mortar) that allowed periods of times in certain investments, then 1031 to different types, liquidating the most troublesome at varied stages and shifting to different assets / returns throughout time spans.

But... I am still trying to figure out the benefit of Firecalc (which many like, but doesn't seem to avail much flexibility throughout 50+ yrs of the different 'chapters' in retirement).

Topic Author
gbronc
Posts: 34
Joined: Wed Mar 07, 2012 3:24 pm
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Re: Access to Fidelity eMoney

Post by gbronc » Thu Jul 11, 2019 6:33 pm

StealthRabbit wrote:
Thu Jul 11, 2019 6:13 pm
I am still trying to figure out the benefit of Firecalc (which many like, but doesn't seem to avail much flexibility throughout 50+ yrs of the different 'chapters' in retirement).
You should take a look at Pralana (https://pralanaretirementcalculator.com/). I've used the Gold version ($99) for years and is the only one that gave me the granularity I wanted. It's pretty comprehensive and takes a while to setup, but not sure how well it would handle multiple real estate streams.

Firecalc's biggest advantage is its simplicity of data entry.

This is the best review of all calculators that I know about:
https://www.caniretireyet.com/the-best- ... lculators/

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