MoneyGuidePro Financial Planning Software Review, Evaluation, and Comparisons

It's just beyond belief that everyone keeps letting them get away with these shenanigans year after year! Like the old saying goes, "Evil only wins when good is silent."

The truth is on this site, so read it until you get it, then say and do something good for a change. Quit failing and start producing quality financial plans. MGP is not even low-quality financial planning software, because it's not even financial planning software at all.

It's just a bunch of BS designed to help sell life insurance company products. So their saying, "Everyone deserves a high quality financial plan", is also just not believable. It's totally believable that an evil-doing Wall Street corporation can run amok, lie to everyone, and wreak havoc on the world for decades, and nobody even notices.

What's not believable is how y'all just sit there baffled with a blank stare and do nothing about it. Actually, that's totally believable too, because you can't do anything about this Wall Street cabal, so you have no choice but to baaaaaa and be a sheeple and go along with it.

Y'all, and investors, not getting that; and not making the appropriate fuss, is what's not believable. Y'all whine profusely about little things that don't matter, like mutual fund management fees; but the big stuff that's actually ruining lives (including your own), y'all are totally oblivious to.

That's what's not believable. So I call MGP a Species-level Failure that can't be fixed. Like the comedian says, You can't fix stupid!"

So all we can do is get with the black hat program that y'all just can't get enough of, and make better, cheaper, and less fake goalware.

The picture below from their website showing their corporate office should be an obvious tip-off to their evil-doing business model. It's the Alien Predator here on Earth preying upon the sheeple (you, the BD Rep). This wasn't an accident, they spent big money putting that there for a reason. The reason is they want everyone to know who they really are and what they actually do.

What y'all don't get, is that YOU are their prey. Every time you give them money, it's like them succeeding on their safari, and taking your scalp as a trophy (or since you're a sheeple, more like your fleece). They think they're superior beings (compared to you) out on safari here on Earth, collecting easy scalps of the sheeple. It's just as simple as that to understand their business model: Fleecing of the sheeple for fun and profit. In the movies, the Predators only hunt humans that are also evil-doing predators. They leave the innocent alone (AKA fee-only RIAs and clients with functioning brains). So they're only preying on those humans that are out hunting the weak of their own species for fun and profit - which is the BD business model in a nutshell.

They couldn't care less that all they do is wreak havoc and ruin lives. All they care about is that you voluntarily give up your fleece, and then your clients' mutton; just so they can have your scalp as a trophy - which is what you do every time you feed the beast with your money.

What a hoot! An evil-doing Wall Street corporation not even bothering to hide their actual business model, "Yup, we're as black-hat as it gets, and our prey has no clue what we're doing to them. All perfectly legal too. Isn't America Great! Show me the money; I mean your scalp, fleece and mutton!"

The image below shows an example of MoneyGuidePro's deceptive business practices. What they're doing here is pretending their software is not fake, and then trying to get you to believe that the US Department of Labor "approves" of MGP's "quality financial planware."

Just a few minor issues with this top-level deception: First, in order to create a financial plan, one must use actual financial planning software. This means one has to either use our IFP, or NaviPlan, because MGP is the leader in goalware, and thus is incapable of producing an actual financial plan - even a "low-quality" plan.

Next, a quality financial plan can't be created unless the user accounts for all of the mundane details that are needed to create a real financial plan. Little minor details like inputting budget and cash flow incomes and expenses, accounting for annual surpluses and deficits and replacement costs, performing an actual investment risk tolerance test instead of having someone move a meaningless slider, and an endless of critical Real World variables that MGP just completely ignores.

Next, they may be surprised that the government is not is as oblivious, nor as easy to get to rubber-stamp approval of Wall Street shenanigans, as they have been in the past. What they're doing here is thinking that, and hoping that, the government remains oblivious to reality, and just keeps believing that MGP is actually financial plan software.

This time may be different. The government may have grown enough brain cells to finally get it on this round of at least attempting to actually do something to fix all of these massive failures. In which case, someone with the required attention span will eventually get around to calling shenanigans, and banning goals-based software completely. All one needs to do is read the image below, figure out how MGP actually works, and then it should be obvious that the two things are diametrically opposed to each other - and thus the text in the image is just a big fat lie that needs to go the way of the dinosaurs.

MGP is the kind of software that is THE epitome of what the government needs to ban, if they want advisers to start acting like fiduciaries, instead of used car salesmen. So MGP is trying every dirty trick in the book to deflect attention away from the fact that DOL is out to change the color of advisers' hat from black to white.

MGP is the #1 "enabler" in the industry that allows advisers to keep their hats as black as possible. In other words, if MGP was banned, more than half of unsuitable investment recommendations (if you want to call life insurance company products investments, which is laughable), would magically vanish overnight.

So they have a team of high-paid marketing lobbyists pulling out all the stops to ensure these deceptions continue to wreak havoc on investors for all time. And they're the best in the industry too. You probably have read this and thought, "Okay, so MGP is working with the DOL to ensure it makes quality financial plans that meet the new fiduciary standards. What's unusual about that?"

HA!!! If so, then that's an example of how good they are at pulling the wool over your eyes. If they can deceive you, then also deceiving the failed government just happens by default. They're not doing anything to work with anyone. All they care about is that the new DOL Fiduciary Rules won't affect them at all. That's the main goal they're trying to accomplish. And they'll probably succeed too.

In this case, they're just pointing to a sign that says, "Nothing to see here, move along," and hoping that the DOL reads it and thinks, "I don't know squat about financial plans, let alone the difference between a low-quality and a high-quality financial plan. C'mon, I'm just a government employee with zero financial skills, education, and experience! MGP is bold enough to put a big thing on their website boasting that their software makes quality financial plans. I guess it must be true, so I'll just move along and look for something else to whine about elsewhere."

They think the government is so stupid, that they'll just read the sign and move on. They may be right, as this is what always happens when they try to stop Wall Street shenanigans. Wall street just outthinks, outguns, and outspends them, and thus gets whatever they want, most every time.

Critiquing their text: No MGP cannot help, it can only hurt. There's not one thing that MGP does that a true fiduciary would approve of. What's the source of this "recent survey?" C'mon, it's MGP, there's no survey. They just made it up, it's just a fake falsehood deception, just like everything else they do.

Then they left out by far the #1 obstacle to "creating a financial plan" in the Real World in their pie chart. Creating an actual financial plan is hard work, and advisers (especially BD Reps) just do not perform any kind of hard work anymore, period. Since the beginning of time, they've just gotten used to the fact that any and all deceptions can be used to move life insurance company products, using minimum work and maximum shenanigans, regardless how Black Hat they are; and everyone thinks it's just fine. Well, those days are slowly coming to an end, with the new DOL Fiduciary rules being hopefully the first step.

That's THE problem in the industry since '05 or so. If there's any actual work / time / thinking / attention span / skills or education required, or reality involved, or any "knowing what you're doing;" then the average financial adviser will just say no.

Why? Because they don't have to. Why work when you don't have to? Nobody is forcing them to perform actual work. Nobody has in the past, nobody is now, and more than likely, nobody will ever force financial planners to actually be financial planners in the future.

These days financial advisers are too dumb, broke and broken, sleep-deprived, confused, lazy, technically challenged, and incompetent with near-zero attention spans, to create a financial plan - even a non-quality financial plan.

BD Reps demand goalware that will allow them to make commissions while performing the bare minimum of work, while making it look like they actually did some work to clients. This is what MGP specializes in - the great "Quality Financial Plan Deception."

Nobody does it better, and it's just the end result of letting all of these massive government failures fester since the beginning of time. All of this is just as simple and easy to understand as that.

Read the old MoneyGuidePro reviews:   2012     2014

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