5/13/13, The Trust Advisor - After a decade of intense turmoil, innovation and more than a few crossed industry signals, it now looks like the Unified Managed Account (UMA) has achieved critical mass.
According to the latest numbers from the Money Management Institute (MMI), as of Dec. 31, 2012, about $195 billion had poured into unified managed accounts, with approximately 24% of those assets coming in during 2012 alone. (Source: MMI Central, 1Q 2013)
5/03/13, RIABiz.com - After years of cobbling on capabilities, the TAMP streamlined and made tablet-compatible its web presence, though not to pure approbation.
5/03/13, Financial-Planning.com - The financial services industry needs a major makeover, Sallie Krawcheck said at an industry conference Friday.
Advisors need to look long and hard at their racial and demographic make-up, as well as their attitudes toward women and consumers under 35, social media and regulatory changes, the Wall Street veteran told the audience at Envestnet’s annual Advisor Summit conference in Chicago.
5/03/13, AdvisorOne.com - In this video, Investment Advisor magazine’s Editor-in Chief John Sullivan talks with Envestnet Executive Vice President Jim Patrick about updates to “Envestnet Intelligence.”
5/02/13, Financial-Planning.com - When a firm owner is considering selling or merging his firm to reach succession-planning goals, “the price isn’t what matters,” advisor Bob Bilkie, told advisors at Envestnet’s second annual Advisor Summit.
What really seals the deal? "The terms do," said Bilkie, president and CEO of Sigma Investment Counselors in Southfield, Mich.
5/02/13, InvestmentNews.com - am always happy when some technology offering I have gotten enthusiastic over during a demonstration -- or one that I've kicked the tires on -- ends up being adopted by larger providers.
So I was able to experience a bit'o happiness this morning when it was formally announced by Envestnet president Bill Crager that third-party macroanalytics technology provider HiddenLevers is being added as an integrated partner to the firm's platform.
5/01/13, AdvisorOne.com - This year’s conference theme, “A new perspective,” is meant to encourage visionaries, with Chairman and CEO Jud Bergman noting that Envestnet wants to “be the advisor's outfitter, porter or guide as you blaze your own path.”
4/29/13, Investment Advisor - Envestnet may have begun as a turnkey asset management provider, where it remains a leader punctuated by its announced acquisition in mid-April of Prudential’s Wealth Management Services. Even that acquisition signals more of an evolutionary development than a turnabout for the company
4/29/13, LifeHealthPro.com - Brandon Thomas, chief investment officer for Envestnet, said in a release that the aim of the partnerships is to help advisors “manage risk, hedge against volatility and improve after-tax returns for their clients.” This is the first time Envestnet/ PMC’s models have been made available in a tax-deferred VA, according to the company.