SunTrust Banks has launched a new online tool to help mass-affluent customers get a better handle on their finances, the Atlanta-based banking organization announced Tuesday.
SunTrust SummitViewas the new tool is knownallows customers to integrate financial information in one place, giving them a broader view of their financial picture. It also allows them test scenarios that can impact their financial plans, the bank said in the announcement.
SunTrust SummitView helps consumers visualize how their decisions may impact their overall financial portfolio before actually committing to that decision, Brad Dinsmore, SunTrust corporate executive vice president of Consumer Banking and Private Wealth Management, said in a statement.
One of the benefits of the tool is its access to real-time market data, a feature that allows clients and their advisors to evaluate implications of market fluctuations, spending decisions and life events against their financial goals. It also includes a secure online vault where customers can store wills, trusts, insurance policies and other important documents. In addition, it features a confidence zone meter showing whether the recommended strategy may meet individual financial goals.
The new planning tool combines MoneyGuidePros goals-based platform with the technology-driven client capabilities of eMoney Advisor, a wealth-planning system for advisors, SunTrust said. It is available to customers with more than $250,000 in investable assets.