Tech Bytes: H&R Block Picks Tools For Financial Planning

H&R Block Inc. has agreed to use financial planning tools from MoneyStar in its H&R Block Financial Centers, offering financial and investment advice in addition to tax preparation services.

Under a multiyear contract, H&R Block's financial advisers will be able to use MoneyStar's LifeScript and Financial Network products.

LifeScript is software that helps brokers and financial advisers devise financial plans for children's education and similar customer needs. The Financial Network is a secure extranet on which mutual fund companies and other financial product suppliers can post information about their offerings for financial planners to use.

Under the agreement, H&R Block will also work with MoneyStar to encourage mutual fund, annuity, and insurance providers to distribute products on the MoneyStar Financial Network.

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