Release notes for version 2.2.0 - January 15, 2025 - 11:30 AM ET
Updates are automatic and no action is required from you. Only a momentary disruption is expected at the time of the release.
If you have any questions, please access the Moneyree Help Center, or contact the Moneytree Support team by email, or call 877-421-9815 ext 0.
General Changes (Plan, Elite, Essential)
- New Features/Functionality:
- Added Medicare Part D IRMAA calculations to Medicare policies (not available in Essential)
- Updated federal income tax calculations for 2025
- Added Wove integration (replacing Albridge integration)
- Added limitations to the types of files that can be uploaded and shared between advisors and clients
- Bug Fixes:
- Fixed bug that prevented certain users from logging into Client Access
- Fixed issue where Inherited IRAs used the incorrect start age for RMD purposes for some beneficiaries
- Fixed issues on the Monte Carlo print reports that showed different results from the Analysis pages for alternate age (the end of projection results were still accurate)
- Fixed issue where the state of the "Per Share" toggle for Equity/Other & Retirement Plan assets would be lost on export or copying of a client and/or scenario
- Fixed language issues with footnotes for Inherited IRAs based on relevant selections for the asset details
- Fixed issue where the advisor name would populate into the report Cover Name after exporting
Moneytree Elite & Essential
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General (Elite & Essential)
- New Features/Functionality:
- Added a scenario type selection when creating clients and scenarios:
- Options for Aspire, Prosper, Essential, and N/A
- Selection controls which fields and other options are available for the scenario (eg a Prosper scenario only sees inputs and see comparisons for other Prosper or N/A results)
- To see all inputs for both Aspire and Prosper, select "N/A" for the scenario type
- Added Management Reports to Settings to track advisor/planner activities and clients
- Added support for Compliance emails
- Add compliance officer email in new Compliance page of Settings
- New "Send for Review" option available when generating reports
- Sending for review emails copy of report to compliance officer email
- Client ages now shown in bottom left of Data Entry pages (collapsible; collapsed by default on small displays)
- Rearranged Analysis pages
- Added a Goal Evaluation page to the Analysis section which compares Monte Carlo and retirement capital projections with and without goal expenses
- In Elite, this is currently driven by items modeled in Expenses > Financial Goals
- In Essential, this is driven by items modeled in Expenses > Special Expenses:
- If the "Include in Projection" box for an expense is unchecked, the expense is treated as a financial goal and not included in the main projection
- If the "Include in Projection" box is checked, the expense can still be filtered, but will also be included as an expense in the main projection
- Version number added to Support & Resources page (accessible from the Clients, Settings, and Defaults pages)
- Added a scenario type selection when creating clients and scenarios:
- Bug Fixes:
- Fixed issues where hot keys would fail to work
- Fixed Schwab integration
- Fixed issue where report set could be blank on report generation (this resulted in errors when users attempted to generate a report with no selection)
- Monte Carlo Analysis page now bases success results based on end of year values for both the area chart and heat map
- Net Worth projection on Analysis > Summary now shows every year in projection (when every other year was shown, the final year of the projection could be cut off in some cases)
- Asset Class rates of return in Defaults now round to 2 decimal places in all locations
- Fixed issue where the incorrect report title would be used
- Fixed conflicts between "Asset Classes" and "Asset Class Allocation" tabs in Defaults
- Improved time to delete single personal expenses
- Fixed overflow issues where certain report pages would unnecessarily break into a second page
- Fixed issue where Multi-Factor Authentication could fail to enable when some users attempted to enable it
- Fixed issue where the box to allow Moneytree to update state tax tables would not stay checked
- Fixed issue where the Help button in the bottom-right could overlap with information page (the Help button was hidden on these pages until fixed)
- Fixed issue where Client Access portal setup areas could overflow on the advisor side
- Fixed issue where some checkboxes would not work in data entry slide-outs/drawers for some users
- Fixed date issue where some users outside of Pacific Time would see the incorrect dates on reports
- Made it so the enlarged Analysis page graphs are actually larger than the original
- New Features/Functionality:
-
Elite
- New Features/Functionality:
- Expanded support of Medicare policies:
- Added options to select whether to calculate Part B and/or Part D
- Added fields for additional premiums to capture variable components (eg Part A, Part C, & non-IRMAA Part D)
- New pages in Prosper's Income Tax reports to track Medicare premiums
- Improved designs and functionality for the One Page Report
- Improved language for the field that controls annual the increase rate used for federal tax breakpoints and exemptions (previously only indicated exemptions, though it is used for all federal tax data subject to COLA adjustments)
- Removed Net Worth Valuation Date for all styles except Bank (only Bank style showed the date)
- Expanded support of Medicare policies:
- Bug Fix:
- Fixed issue where Future Changes in What-If did not accept negative values for Assets (this made it so scheduled distributions could not be modeled)
- Fixed issue where Future Changes in What-If did not accept negative values for Assets (this made it so scheduled distributions could not be modeled)
- New Features/Functionality:
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Essential (NEW)
- New subscription tier for the new Moneytree product
- Simplified data entry & goal-based reports
- Available standalone or with Elite subscription
- Reporting and data entry based off Moneytree Advise data entry and reports
- Includes support for Inherited IRAs
- For Elite users, this new simplified data entry available by selecting the "Essential" scenario type upon client/scenario creation
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