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RightCapital Introduces Tool To Help Advisors Leave Competitor eMoney Advisor
Yahoo Financeยท 2025-10-14 19:22
Core Insights - RightCapital has launched a new tool utilizing Optical Character Recognition (OCR) technology to assist advisors transitioning from eMoney Advisor platform [1][2] - The tool allows advisors to generate a client's financial plan in PDF format from eMoney and import it into RightCapital, where the financial data is automatically extracted and organized [2] Company Developments - eMoney Advisor has also implemented an OCR tool for transferring planning data from other systems, successfully moving thousands of financial plans into eMoney [3] - eMoney has seen significant growth, adding nearly 30,000 new users in the past year, bringing the total to 138,000 users serving over seven million households [4] Market Position - RightCapital is currently the third largest financial planning platform in the U.S. by market share, with just under 21%, while Envestnet's MoneyGuide and eMoney each hold approximately one-third of the market [5] - The majority of financial planning software, including Envestnet MoneyGuide, allows for the production of PDF reports of financial plans, indicating a competitive landscape [6]