![]() ![]() Likewise, set the Score Range Beginning Value for your next more aggressive model to 35, and so on. For example, if you have a conservative model that you use for clients with a Risk Number of between 1 and 34, set the Score Range Beginning Value in MoneyGuide to 1. Once you have added your Custom Portfolios to MoneyGuide, edit the "Standard Risk Scoring" and map the range of Risk Numbers from your Nitrogen model portfolios. Matching Envestnet MoneyGuide Risk Scoring to Nitrogen Risk Numbers For ease of recognition, use the same name for the Portfolio as the model that you created in Nitrogen. Start by adding a new Portfolio Set in Envestnet MoneyGuide ( User Options > Create Portfolios), then use Add Portfolio to create a new portfolio.Įnter a name to use for the Portfolio, and the asset allocations to use. Most advisors will create a set of Model Portfolios in Nitrogen, then set these models up as "Custom Portfolios" within Envestnet MoneyGuide. Using Custom Portfolio Sets in Envestnet MoneyGuide ![]() If you prefer to use Envestnet MoneyGuide's preset portfolio templates without modification, here is a reference chart showing how each preset aligns to the Nitrogen Risk Number for a portfolio with the same asset allocation: Envestnet MoneyGuide Portfolios Matching Envestnet MoneyGuide Preset Portfolios to Nitrogen Risk Numbers Set the client or household "Loss Tolerance" based on the client's Nitrogen Risk Number.Create a new plan with MoneyGuide (such as a Financial Goal Plan, Lifetime Income Plan, etc.).Use Retirement Maps for a precursory discussion of goals.Analyze your client's portfolio in Nitrogen.Capture your client's Risk Number with Nitrogen.Once you've completed the initial setup of Envestnet MoneyGuide for optimal use with Nitrogen (as described in the sections below), you are ready to start using MoneyGuide and Nitrogen together! Most advisors begin the financial planning process in Nitrogen, then move to Envestnet MoneyGuide to develop their client's comprehensive financial plan. Matching MGP Preset Portfolios to Nitrogen Risk Numbers.If you are looking to integrate Envestnet MoneyGuide and Nitrogen, you can view our article here. In this article, we'll highlight the easiest way to implement MoneyGuide into your Nitrogen workflow and have them work in harmony. Many passionate Nitrogen advisors use Envestnet MoneyGuide as their financial planning tool of choice. ![]()
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