The desire to structure and manage client portfolios is oftentimes part of the advisor’s value proposition. Selecting investments and being responsible for those decisions can be a worthwhile endeavor. But how effective is it in the long run?
Are you confident you are choosing the best managers for your clients? The data may surprise you.
Successful advisors view the year end as an opportunity to assess their business from a revenue source perspective to make informed decisions going forward. With that in mind as 2018 draws to a close, we thought it would be worthwhile to examine current advisory and client fees on Envestnet’s platform.
We’ve been on quite the roller coaster ride in the last quarter of 2018. Market volatility has returned. Perhaps that is a sign of a more normal market environment, but that’s not the point of this Envestat. Market volatility often drives investors into emotional and perhaps irrational behaviors. So it matters how a portfolio is constructed and managed.
This past December felt like the Grinch was staging a coup to steal our holiday cheer, obliterate year-to-date returns, and create angst among investors. Then lo and behold Santa finally arrived in January. Better late than never. The markets rebounded, and investors breathed a sigh of relief. We experienced the most hair-raising part of a roller-coaster ride in those two months. This was a major wake-up call that volatility is back, and we better be prepared for more exciting rides in the future.
We thought it might be interesting to take a look at the shifts advisors made in managed account investment programs in 2018. We wanted to see where assets moved and which programs were favored.
We pulled and analyzed data on more than 38,000 investment switches advisors made during 2018 and came away with some compelling takeaways.
As a financial advisor, wealth manager, or other financial executive, getting answers to top questions like, “What are my net flows?”, and “Who are the top selling advisors?”, and “How do my sales compare to my peers?” can provide a significant competitive edge. Yet extracting these answers from data can be complicated, costly, and time consuming.
With Envestnet Envision IQ™ you can easily get the answers to these business questions and many more.
With the digital advice program, we help advisors and institutions enhance a client’s investing journey, personalizing the approach to advice according to the needs of the client. Our innovative digital storefront is built from a reputable wealth advisory platform that adheres to the highest fiduciary standard of care and complements the way advisors and institutions choose to engage with their clients.
Case Study: Garnett Investment Strategies - How a Father-Daughter Company is Integrating Technology to Provide Generational Financial Planning
Garnett needed to find a way to best serve their clients, and to identify more solutions for clients who wanted to manage risk with investment tools other than an annuity or bonds.