AstuteWheel vs MyOwnFP
AstuteWheel
astutewheel.com.au
MyOwnFP
myownfp.caSide by side
| Figure | AstuteWheel | MyOwnFP |
|---|---|---|
| Price from | A$25/mo | $3.33/mo |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 9 | 3 |
| Spec score · Financial Planning Software | 8.5 (#12) | 7.8 (#17) |
| Purpose | AstuteWheel provides financial planning software for client engagement, advice delivery, practice management and business improvement. | MyOwnFP is financial planning software for Canadian DIY investors and advisors. |
| Support | The site invites prospective customers to contact the company or book a live demonstration webinar and lists the phone number 0455 02 77 22. | Users can contact the company at [email protected] with questions, feedback, bugs, or feature requests. |
Plans
AstuteWheel
- ENGAGE — AdminFree
- ADVISE — AdminA$25 a month
- ADVISE — ParaplannerA$25 a month
- MANAGE — AdminA$50 a month
- MANAGE — ParaplannerA$50 a month
- IMPROVE — PracticeA$100 a month
- ENGAGE — AdviserA$300 a month
- ADVISE — AdviserA$400 a month
- MANAGE — AdviserA$500 a month
In their own words
AstuteWheel
AstuteWheel is web-based financial planning software for client engagement, advice delivery, practice management and business improvement. Its client portal collects personal and financial information, supports messaging and shares documents. Firms get more than 10 online questionnaires and can create their own surveys. Planning tools cover goals, values and advice scoping, while ADVISE includes more than 20 visual modelling calculators and comparisons of cash-flow scenarios. MANAGE provides CRM dashboards, client management and compliance management; its workflows and tasks are in beta. IMPROVE covers workflow design, business and marketing plans, client segmentation, risk management, diagnostics and succession planning. The software does not produce SOA or ROA documents, although calculator visuals can be copied into users’ templates. Xplan/Iress integration is in beta for some IFA users and is rolling out to dealer groups. Plans are billed monthly per user or practice, from 0.00 AUD plus GST to 500.00 AUD plus GST, with subscription requirements on some plans.
MyOwnFP
MyOwnFP is web-based financial planning software for Canadian do-it-yourself investors and financial advisors. It supports cash-flow modeling, tax planning, investment planning, and scenario analysis. Users can build scenarios, compare them, and save useful versions for later review. Planning views include a financial planning grid, cash-flow visualization, account charts, and scenario comparisons. The models cover Canadian accounts and benefits such as TFSA, RRSP, CPP/QPP, OAS, GIS, and pensions, with federal, provincial, and territorial tax tables. Subscribers can share a client with another MyOwnFP subscriber, including an advisor. The service runs on AWS in Canada, according to the company, and uses HTTPS for browser communication with encryption at rest. Google handles login and Stripe processes payments. Banking information is not required. A free plan is available; Standard costs $40 a year for five clients, and Unlimited costs $140 a year for unlimited clients.