The largest provider of financial planning software just acquired the second-largest. This does not bode well for Financial Profiles users. Here is a telling quote from the article:

…[NaviPlan] vows that both product lines will continue to be developed and supported, at least through the first quarter of 2007, when new upgrades for Profiles+ and NaviPlan are scheduled for release

So after 1Q, 2007 there’s a good chance that Financial Profiles will no longer be updated. This is a real shame—Profiles is one of the three big planning packages currently used by advisors. (The other two are NaviPlan and MoneyGuidePro.)

This is even worse for Profiles users when you consider that Profiles is the simplest of the three packages. Whereas Naviplan is the most complicated and the software is structured very differently. If the plan is to upgrade Profiles users to NaviPlan, it will not be an easy upgrade.