myprosperity

Overview

Branded digital forms can start from templates or be made by converting paper forms. Rooms brings chat, document upload, signing and collaboration among clients, staff and external professionals into one workspace. That is a practical fit for firms coordinating work across several parties, rather than simply collecting forms from clients.

Clients get a live balance sheet, household profit and loss, budgeting, goal tracking, document storage and an Executor Kit. Live feeds can bring current data from banks, property, cars, planning and investment platforms. This makes the portal useful for household-level financial oversight, but Starter’s one-time bank and card sync and property and car valuations are materially less current than Pro’s live bank and card sync and monthly valuations.

Key features

DocuSign signing is included on every plan, though firm plans cap the annual signing allowance. Integrations span practice and document management, DocuSign, SMSF and fund feeds, direct feeds, and real estate and motor vehicle valuations. The company describes linked-account access as read-only, says it uses 256-bit encryption, and states that it is ISO 27001 certified and supports multi-factor authentication.

Cash-flow modeling, goal planning, tax planning and investment planning are supported; insurance planning is not. Firms seeking a portal with those planning functions may find the mix useful, but should not treat it as a substitute for insurance planning.

Pricing

The free Starter subscription is included in all Partner plans. It includes a client subscription, one-time bank and credit card sync, one-time property and car valuations, tasks and reminders, and document storage. It gives firms a way to provide a basic portal, but lacks Pro’s recurring data updates.

Pro costs 14.95 AUD per month per user (exc. GST) and includes a client subscription, live bank and credit card sync, and monthly property and car valuations. Additional Pro client subscriptions cost $14.95 per client. It suits firms prioritizing up-to-date client records, though the per-user and additional-client charges make scale important.

Partner plans have 12-month commitments, except Mobile First, which has a 24-month commitment. Prices below are monthly, with +GST applying:

• Connect — 279.00 AUD per month: 300 Starter and 5 Pro client subscriptions, 10 staff licences, 50GB storage and 500 DocuSign signings per annum. A sensible entry point for a smaller practice whose client and signing volume fits these limits.
• Enhance — 399.00 AUD per month: 600 Starter and 10 Pro subscriptions, 20 staff licences, 100GB storage and 1,200 signings per annum. It doubles Connect’s included client subscriptions and staff licences, making it better suited to a growing practice.
• Accelerate — 749.00 AUD per month: 1,000 Starter and 40 Pro subscriptions, 30 staff licences, 200GB storage and 3,000 signings per annum. The larger Pro allowance matters for firms needing live data for more clients.
• Mobile First — 1500.00 AUD per month: 2,000 Starter and 100 Pro subscriptions, 40 staff licences, 200GB storage and 5,000 signings per annum, with a 24-month commitment. Its higher capacity suits larger practices able to accept the longer term.

Enterprise has custom pricing for larger practices. Firms should compare the included client subscriptions, staff licences, storage and annual signing quota with expected use before committing; lower tiers may mean outgrowing allowances, while higher tiers require paying for capacity a practice may not need.

Platforms

myprosperity is available on web, Android and iOS, so clients can access the portal through a browser or mobile app.

Who it's for

This is chiefly a firm-client collaboration product for accountants and financial advisers, not a standalone personal finance app. It fits practices that want branded forms, shared workspaces and household financial information in one client relationship. Individuals looking only for their own planning tools may find a firm-oriented portal an unnecessary fit.

Pros and cons

• Pro: Rooms combines chat, uploads, signing and collaboration, reducing the need to separate those activities across the client workflow.
• Pro: Household tracking and live financial feeds complement the firm-facing portal with client financial context.
• Pro: DocuSign is included across plans, with larger firm tiers offering higher annual quotas.
• Con: Starter’s syncs and valuations are one-time, so firms wanting current bank, card, property and car information need Pro subscriptions.
• Con: Partner plans lock firms into 12 months, or 24 months for Mobile First, while client, staff, storage and signing caps constrain usage.
• Con: Insurance planning is not supported, limiting its reach as a broad planning suite.

Alternatives

For a broader directory of planning choices, browse Financial Planning Software. Choose Betterment if its Digital option’s $200 monthly recurring deposits and $24,000 eligible balance, or Premium’s $100,000 minimum eligible investment balance, better match your investing needs. AstuteWheel is another web-based option with paid adviser subscriptions and an admin subscription that requires them.

Boldin is a freemium alternative with a free trial; its Basic plan includes 100+ inputs, two interactive explorers, 10+ charts and up to five Boldin AI questions per day. ProjectionLab also has a free plan and trial, and its Basic plan includes forecasting, financial planning, Monte Carlo simulations, historical backtesting and flexible modeling.

LivePlan may suit readers seeking business planning: its Standard plan costs 20.00 USD per month for one active company, five contributors and unlimited guests, while it has no free plan or trial. MyPlan offers an individual-facing free plan with net worth and portfolio tracking, goal planning and projections, budgeting, document storage and estate planning tools.

MoneyGuide is a paid alternative with a free trial; its MyBlocks Individual plan costs 125.00 USD per month per advisor on an annual subscription paid monthly. Xplan is a paid option whose package and modules are selected to fit business requirements, with custom pricing.

Verdict

myprosperity is a strong choice for accounting and advice firms that want client collaboration, financial records and planning tools in one portal. Its combination of Rooms, household tools and feeds is the main reason to choose it; firms should look elsewhere if they need insurance planning, or if the plan commitments and allowances do not match their scale.