Planning and advice software maker takes to Internet in the name of convenience. Financial-planning software maker Financial Profiles has released web-based versions of its Profiles Forecaster and Profiles Professional applications through Profile OnDemand. The new Internet-access versions are meant to give independent advisors the convenience of Internet access to planning tools including secure data-storage capabilities and system updates.

“Many advisors struggle to balance ‘anywhere, anytime’ financial planning with the security of their clients’ personal data,” says Susan Papanek, Financial Profiles’ v.p. of engineering. “Profiles OnDemand provides a secure, backed-up platform that automates all updates, saving advisors precious time and money in the conduct of their practice.”

Profiles OnDemand also spares users the trouble of purchasing expensive hardware, hiring additional IT staff “and all the other things that make hosting Web-based applications complicated and costly,” according Carlsbad, Calif.-based Financial Profiles.

The new web service goes for $150 when advisors purchase a one-year license for Profiles Professional or Profiles Forecaster. Profiles Professional costs $1,000 a year for each user; Profiles Forecaster costs $590 a year per user, according to Financial Profiles’ website. Discounts are available to Other discounts may also be available to qualified advisors.

Financial Profiles is a subsidiary of the Hanover Insurance Group, a Worcester, Mass.-based property and casualty insurance holding company formerly known as Allmerica Financial.

Click here to learn more about OnDemand. –FWR

.