myprosperity

myprosperity is a client portal for accounting and financial advice firms that brings client collaboration together with household financial tools. It is best for practices that want clients, staff and outside professionals to work in shared spaces. Its appeal is the breadth of that portal; firms should choose carefully around client allowances, signing quotas and contract length.

Overview

Firms can create branded digital forms from templates or turn paper forms into portal forms. Rooms combines chat, document uploads, signatures and collaboration among clients, staff and external professionals. That makes it a fit for practices managing ongoing client work across several participants, not just occasional document exchange.

Clients can use a live balance sheet, household profit and loss, budgeting, goal tracking, document storage and an Executor Kit. Live data feeds can draw current information from banks, property, cars, planning and investment platforms, giving the portal a broader household view than document storage alone. Starter, however, provides one-time bank and card syncs and one-time property and car valuations; ongoing bank and card syncs and monthly valuations require Pro.

Key features

DocuSign signing is included on every plan, but firm plans impose annual signing allowances. Rooms keeps chat, files and signing within the same collaboration space. Integrations cover practice and document management, DocuSign, SMSF and fund feeds, direct feeds, and real estate and motor vehicle valuations.

The company says linked accounts are read-only, with no ability to move money, and describes its security as using 256-bit encryption. It also states that the service is ISO 27001 certified and supports multi-factor authentication. These protections matter for a portal handling household financial records, although they do not replace a firm’s own security and access controls.

Pricing

Starter is free and included in all Partner plans. It provides a client subscription, one-time bank and credit card sync, one-time property and car valuations, tasks and reminders, and document storage. It is a useful low-cost entry point, but the one-time updates make it less suitable when clients need current linked data.

Pro costs A$14.95 a month per user, excluding GST. It adds live bank and credit card sync and monthly property and car valuations. Additional Pro client subscriptions cost $14.95 per client. Pro suits firms that want more current household data without buying one of the larger bundled Partner plans; the per-user and added-client charges should be weighed against its narrower scope.

Partner plans are priced for firms and require a 12-month commitment, except Mobile First, which commits the firm for 24 months. All prices below are monthly, plus GST:

The tier increases expand client, staff, storage and signing capacity, but the included Pro subscriptions remain a separate, smaller allowance than Starter at each level. Firms should check their expected live-data users and annual signing volume before committing. Enterprise has custom pricing for larger practices.

Platforms

myprosperity runs on the web and has client portal apps for Android and iOS through the Google and Apple stores. That gives clients a mobile route into the portal as well as browser access.

Who it's for

Accounting and financial advice firms are the intended buyers, with clients using the portal for shared work and household financial oversight. It is strongest where a practice wants forms, collaboration, signing and financial records in one client-facing service. It is less compelling for firms that need only a basic document exchange or cannot use the included allowances and commitment terms efficiently.

Pros and cons

• Pro: Rooms combines chat, documents, signatures and multi-party collaboration, reducing the need to separate those client interactions across different workflows.
• Pro: Household tools and live feeds span banking, property, vehicles, planning and investments, supporting a broader client financial picture.
• Pro: DocuSign is included on all plans, with security measures including read-only linked accounts, 256-bit encryption, ISO 27001 certification and multi-factor authentication.
• Con: Starter’s syncs and valuations are one-time rather than ongoing, so clients needing current data need Pro.
• Con: Partner tiers cap staff licences, storage and annual signings as well as client subscriptions; firms can outgrow a tier’s allowances.
• Con: Partner plans require a year-long commitment, and Mobile First requires two years, limiting flexibility if needs change.

Alternatives

For a broader comparison, browse Financial Planning Software.

• Betterment is another freemium option on Android, iOS and web, with Digital and Premium plans; choose it if its investment-focused eligibility terms—$200 monthly recurring deposits or a $24,000 eligible balance for Digital, or a $100,000 minimum eligible investment balance for Premium—fit better.
• Boldin offers a free Basic plan with 100+ inputs, two interactive explorers, 10+ charts and up to five Boldin AI questions per day, plus a free trial; choose it for planning tools rather than myprosperity’s firm-oriented portal workflows.
• ProjectionLab has a free Basic plan with forecasting, financial planning, Monte Carlo simulations, historical backtesting and flexible modeling, plus a free trial; choose it when those modeling capabilities are the priority.
• AstuteWheel is a paid web service with an admin subscription requiring adviser subscriptions; choose it if that adviser-and-paraplanner structure suits your practice better.
• MyPlan has a free web Individual Plan with net worth and portfolio tracking, goal planning and projections, expense tracking and budgeting, secure document storage and estate planning tools; choose it for an individual-facing set of planning tools.
• LivePlan is a freemium business planning option across Android, iOS, macOS, web and Windows, with paid Standard and Premium plans; choose it if business planning is the need.
• Xplan is a paid service across Android, API, iOS and web, with packages and modules selected for business requirements; choose it if a configurable package better suits the firm.
• EVPro is another paid option available on web, iOS, Android, macOS and Windows.

Verdict

myprosperity is a strong fit for accounting and advice practices that want a shared client portal combining collaboration, signing and household financial tools. The breadth of the workspace is its main reason to choose it; the client and signing caps, plus 12- or 24-month commitments, are the main reasons to look elsewhere if a firm’s scale or flexibility needs do not match the plans.