Home Blog Debt Software Finology Software and Etch Financial: Revolutionizing Financial Planning for Student Loan Borrowers

Finology Software and Etch Financial: Revolutionizing Financial Planning for Student Loan Borrowers

In a groundbreaking collaboration, Finology Software and Etch Financial are set to revolutionize financial planning for individuals burdened with student loan debt.

Etch Financial takes a comprehensive approach integrating student loan management with wealth-building strategies and has established one of the first Registered Investment Advisors (RIA’s) devoted to individuals with student loan debt.

Finology Software is a software-as-a-service that offers sophisticated and intuitive tools for student loan repayment planning.

Federal student loan payments are set to resume in October of this year and Etch Financial powered by Finology Software is poised to transform the lives of graduates, offering unparalleled scope and scale in managing student loans. This resumption of payments begins a new era of budgeting needs for borrowers, who for 40 months have benefitted from no student loan payments. These borrowers will be seeking guidance with their most critical immediate financial challenge and will be well served in selecting Etch Financial.

Changing the Financial Planning Landscape:

Etch Financial, led by Ryan Galiotto, is committed to addressing the unique scope of financial needs faced by individuals with student loan debt. As one of the first RIAs dedicated to this demographic, Etch Financial takes a holistic approach by incorporating student loan management into a broader financial plan and will consequently be disrupting traditional financial planning with a focus on advance-planning.

Leveraging Finology Software’s Capabilities:

The core of Etch Financial’s strategy lies in its strategic partnership with Finology Software. Finology Software, recognizes the significance of the impending return to repayment for federal student loan debt after a 3+ year pause and the need for new technology. This unique moment presents an opportunity for innovative firms to help graduates of all ages improve their financial wellness over the coming decade. Finology Software is focused on rapidly developing the most sophisticated tools available for firms like Etch Financial.

“The Financial advisors that have accumulated years of expertise in student loan planning will be in demand upon the return to repayment. In today’s digital age, access to the best technology has become essential for success and a new breed of advisor is required to help borrowers improve their finances. At Finology Software, we are proud to be delivering our technology to Etch Financial who will be transformative in student loan repayment planning for their growing client base.” — Alex Bottom, Founder of Finology Software

Sophisticated Tools for Effective Student Loan Management:

Finology Software’s cutting-edge solution for student loan repayment planning complements Etch Financial’s mission seamlessly. By implementing Finology Software, Etch Financial’s clients gain unparalleled effectiveness in tackling their student loan debt while simultaneously starting to accumulate wealth, as most do not have any assets yet. The implementation of Finology Software’s capabilities enhances Etch Financial’s ability to provide a comprehensive and personalized approach to financial planning for student loan borrowers at scale.

Benefits of Finology Software for Financial Advisors:

Financial advisors can greatly benefit from utilizing Finology Software’s nimble technology to save time and help their clients save money. Finology Software delivers a comprehensive simulation of federal income-driven repayment plans. By automating calculations and providing tailored solutions, financial advisors can enhance their efficiency, improve the advisor-client relationship, and expand their scope of services.

The Competitive Advantage:

In a competitive marketplace, financial advisors are always trying to stay ahead of the curve and grow their market share. By adopting responsive technology like Finology Software, advisors can streamline processes saving time, reduce costs, and offer more comprehensive solutions to their clients. The sophisticated tools provided by Finology Software empower financial advisors to deliver cutting-edge advance-planning navigating the return to repayment of federal student loans.

The strategic partnership between Finology Software and Etch Financial is reshaping financial planning for individuals burdened with student loan debt. Etch Financial will be accepting new clients prior to the resumption of the return to repayment in the summer of 2023.

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