WealthyPlanet, a Canada-based on-line monetary planning firm, introduced on Wednesday it has fashioned a brand new partnership with Motion pictures for Mommies (MFM), a nationwide group of 30,000 new dad and mom.
In line with WealthyPlanet, the partnership will allow the corporate to interact MFM members in a consumer Beta Program to fine-tune and validate its planning software program previous to the business launch later this 12 months. WealthyPlanet famous that the Beta Program will provide a “unique and comprehensive” private monetary image and training for the Ontario MFM members that take part. Beta customers are in a position to create an after-tax private monetary plan by first answering some questions relating to their present funds, together with property, investments, debt merchandise, and insurance coverage. WealthyPlanet defined:
“The planning software then calculates a ‘before’ and ‘after’ view of their plan over a future timeline, benefiting from advanced algorithms such as consumption smoothing. Users will get a more integrated and detailed financial picture, so they can make better decisions to optimize their financial plan and goal achievement.”
As a part of this partnership, WealthyPlanet can be conducting surveys and offering training on savvy cash administration for MFM members.
Based in 2018, WealthyPlant states it provides Canadians “confidence” of their monetary future by providing a free on-line planning device with low-fee merchandise and non-commissioned advisors.
“WealthyPlanet is targeting an important problem for middle-income families with no access to a comprehensive financial and life plan they can set, track and manage. The company plans to address some of the biggest concerns of Canadians including carrying too much debt, saving for retirement, and accessing optimized and cost-effective mortgage, insurance and investment products.”
The partnership with MFM comes a few months after WealthPlanet closed a seed funding spherical with Mercanti Administration Inc. Data on the funding spherical, together with the quantity of the funding, has not been disclosed.