Investment proposals are a powerful tool for financial advisors, and can be indicative of the effectiveness and success of a practice. While advisors routinely provide recommendations to prospects, tracking the percentage of recommendations that these prospects ultimately implement, and the time horizon over which they are implemented, can provide a relatively good measure of the success rate of an advisor’s on-boarding process.
June 9th, 2017 has come and gone. This means the Impartial Conduct Standards in the Department of Labor’s (DOL) fiduciary rule for retirement accounts is the rule of the land. The advisor must give best interest advice—prudent advice that is based on investment objectives, risk tolerance, financial circumstances, and the needs of the client.
While the DOL fiduciary rule and related exemptions run over 1,000 pages, not to mention the proposed amendments, Envestnet has summarized the highlights in the following chart to help advisors and firms to better understand the key components.
Advisory firms rethinking their approach to consumer-centric digital solutions will want to gravitate toward highly-engaging tools that meet the demands of different client segments. A successful transition includes eight steps that comprise a path toward embracing digital.
Leveraging Envestnet Intelligence capabilities, the Envestnet Manger Portal is designed specifically for asset managers to help identify sales opportunities and raise assets more quickly. Learn the top ten reasons why managers are using the Envestnet Manager Portal.
We often hear about do-it-yourself investors who panic during periods of market volatility and dump their portfolios, thus realizing substantial losses. There is plenty of research on investor behavior to illustrate how people succumb to the pitfalls of buying high and selling low. But how does advisor behavior compare?