News
4.3.17, Investment Advisor Magazine - Calling Envestnet a software provider or an investment management company or a platform provider or a fiduciary enabler or a data company would not be inaccurate, but it's the integration of all those facets of the company that's the company's killer app.
5.17.18, WealthAdvisor.com -Sometimes industry disruption happens down in the details and at other moments the changes come fast enough to make headlines. Either way, it's an opportunity to wealth managers who seize the moment -- and a warning shot to everyone else.
The launch of a new voice-driven assistant from Envestnet is one of the headline developments. The sizzle factor is instant: opening up client data to Alexa means that any advisor on the go can get a 5-minute briefing on demand.
5.16.18, ThinkAdvisor.com - Kicking off the Envestnet Advisor Summit 2018, Envestnet Chairman and CEO Jud Bergman equated the development of the food industry in the United States to how the RIA business is evolving through innovation and creativity into a financial wellness business, in which the role of the advisor will expand.
5.16.18, Wealthmanagement.com -Advisors have a plethora of tech tools at their disposal, from messaging apps to powerful portfolio management platforms. Envestnet’s Yodlee is adding one more option: Alexa. Amazon’s voice bot will be linked with Envestnet’s analytics-powered tool, called Envision IQ, which utilizes a new data management solution, Envision, to provide advisors with real-time insights for their clients, the company announced today.
5.16.18, Financial-Planning.com -Envestnet is getting into the insurance business.
The technology and platform giant will begin offering insurance products on its platform later this year, Envestnet President Bill Crager said at the company's annual conference.
"We're going to fully integrate insurance into the life cycle of advice on the Envestnet platform," Crager said, while addressing the conference's opening general session.
1.31.18, wealthadviser.com - Edelman will equip its financial planners with Envestnet's robust suite of capabilities to support the Edelman Managed Asset Program (EMAP), which has more than USD21 billion in assets. Envestnet's capabilities will also enable Edelman Financial planners to operate more efficiently so they can better serve their clients.
1.31.18, Private Banker International - Edelman Financial Services’ chief executive, Ryan Parker, said: “Envestnet will help us grow sustainably while ensuring we continue delivering outstanding service and advice to our current clients."
“The platform will allow us to create a more integrated, seamless client experience, building upon our 30-year commitment to putting our clients first.”
1.26.18, by Brandon Thomas, Envestnet | PMC, Seekingalpha.com - While there have been literally hundreds of factors identified by academic researchers over the past few decades, only a handful has been shown to be statistically robust over time.
1.25.18, Seeking Alpha - Google the phrase "client centric wealth management" (no hyphen) and you'll be rewarded with hundreds of thousands of results. After all, the client is always at the center of the relationship between financial advisers and their investment portfolio, and wealth management firms focus on clients' needs. Right?
Apparently not.
1.16.18, AdvisorNews.com - According to J.D. Power, 46 percent of survey respondents said their advisor failed to help them establish lifetime financial goals and to properly define the risk involved. Seventy-six percent said their advisor came up short on all three of the survey’s goals.
Financial services clients, especially younger, more affluent customers are especially skeptical of their advisor’s ability to deliver the goods.
1.2.18, FinancialAdvisor.com - The proliferation of automated investment platforms will not kill the traditional wealth management model, said research and consulting firm Cerulli Associates in a recent report. Instead, digital tools are helping to usher in the next phase of the industry’s evolution.