Professionals Program

The Monarch for Professionals program is a subscription just for financial professionals. It gives financial professionals like yourself the ability to collaborate with all of your clients in an easy to use portal. Within this portal you will have complete access to your clients data. You can track your client’s budget, forecast goals, track investments, and see all of your clients transactions in one place.

If you are interested in signing up for the Professionals program you can do so in the link included below.

Sign up here

Learn more about our Professional Program with this quick 2 minute overview!

Subscription cost for the Monarch Professional Program

On Monarch’s Professional program you only pay for each active client in your portal ($9 per month per client). When signing up for our Professional Program you will be prompted to enter payment information, however you will not be charged until a client accepts your first invitation. You will not be charged for invited clients until they redeem your access code. 

Inviting clients

There are two ways of collaborating with clients on Monarch for Professionals:

  1. You can sponsor them (you pay for their subscription and get access to their household).
  2. They can grant you an Access Only Grant (they pay for their own subscription but grant you access, 60-days at a time clients can renew your access once this expires).

For clients you sponsor

Access your professional portal by visiting https://app.monarchmoney.com/advisor-portal/clients. Here you can access each of your clients budgets, edit your Professional profile, update your billing information and invite your clients to sign-up for Monarch.

Sending a client your professional code

To do this, navigate to your professional portal > click “add clients” > enter your clients email and name. This will email your client a unique advisor code. Once the client redeems this code they will now be included in your client list.

pic 1 advisor hc article.png

Once a client applies your Professional code

-The client will get complimentary access to Monarch (our best-in-class personal finance tool).

-You will “sponsor” their Monarch account (paying for their access).

-You will have full access to collaborate on their budget (the same view they are seeing in their portal).

We recommend sponsoring clients you work with on an ongoing basis since that will give you continued access to their household (until revoked) and provide a better overall client experience.

For clients granting you temporary access 

Your client must have their own Monarch account with a paid subscription. Ask your client to navigate to the pop up next to their name > Settings > Members > Give access to “Financial Advisor”.

advisor hc article pic 2.png

pic 3 HC advisor article.png

Once invited your access will automatically expire after 60 days. Your client can revoke access at any time. This will not initiate a “sponsored client charge” on your end. However the client will need to continue paying for their own Monarch subscription.

Getting Started in the advisor portal

Frequently asked questions:

Can I sponsor clients who already have an existing Monarch account?

Yes. Users with an existing Monarch account can apply your sponsor code and have you sponsor their account. They will not be refunded for any subscription fees they have already paid for, but once they apply your code they will stop being charged in the future.

How do I revoke my client’s access?

You can revoke your client’s access within your Professional portal. For the client you would like to remove, click the three dots to the right of “view household” > click, “stop paying for client”. Once you revoke access, you will not be billed for that client’s subscription, and will lose access to their account. The client can choose to continue staying on Monarch themselves by paying for their own subscription and will not lose any information.

How do I sign up for the Monarch Professional program?

You can sign up for the Professional Program by going to the Monarch Money website. At the top of the page you will see an option labeled “For Advisors”. You can also follow the link attached here.

Click here

 

Recent Webinars:

 

Was this article helpful?
22 out of 27 found this helpful