To ensure that Envestnet MoneyGuide and Nitrogen operate on the same historical timeframe for data, you may wish to change Envestnet MoneyGuide's Historical Period to match Nitrogen's Januto present timeframe. Then, when setting your client's Risk Number in MoneyGuide, the closest matching Portfolio will be shown above the slider:Īdjusting Envestnet MoneyGuide's Historical Period Likewise, set the Score Range Beginning Value for your next more aggressive model to 35, and so on. For example, if you have a conservative model that you use for clients with a Risk Number of between 1 and 34, set the Score Range Beginning Value in MoneyGuide to 1. Once you have added your Custom Portfolios to MoneyGuide, edit the "Standard Risk Scoring" and map the range of Risk Numbers from your Nitrogen model portfolios. Matching Envestnet MoneyGuide Risk Scoring to Nitrogen Risk Numbers For ease of recognition, use the same name for the Portfolio as the model that you created in Nitrogen. Start by adding a new Portfolio Set in Envestnet MoneyGuide ( User Options > Create Portfolios), then use Add Portfolio to create a new portfolio.Įnter a name to use for the Portfolio, and the asset allocations to use. Most advisors will create a set of Model Portfolios in Nitrogen, then set these models up as "Custom Portfolios" within Envestnet MoneyGuide. Using Custom Portfolio Sets in Envestnet MoneyGuide If you prefer to use Envestnet MoneyGuide's preset portfolio templates without modification, here is a reference chart showing how each preset aligns to the Nitrogen Risk Number for a portfolio with the same asset allocation: Envestnet MoneyGuide Portfolios Matching Envestnet MoneyGuide Preset Portfolios to Nitrogen Risk Numbers
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