Simply put, PFM refers to software that helps users manage their money.
PFM often lets users categorize transactions and add accounts from multiple institutions into a single view.
PFM also typically includes data visualizations such as spending trends, budgets and net worth.
[1] Their flagship product, Quicken, became a standard for many households and was eventually followed by QuickBooks, which helped small businesses manage their finances.
Financial advisory companies such as LearnVest, Personal Capital and Credit Karma integrate PFM into their software.