News
10.10.16, InvestmentNews.com - Chicago-based Envestnet bought Wheelhouse Analytics so its advisers and institutions can glean more insight into client portfolios, investment strategies and products, fees, performance and other information. Firms will be able to benchmark their client accounts against what others are doing with similar types of clients, and how they might be charging for those accounts among different asset classes, said Bill Crager, president of Envestnet.
9.14.16, ThinkAdvisor.com -Automation of some tasks allows human advisors to focus more on what they do best: sophisticated financial planning.
Though the term “robo-advisor” smacks of cyborgian fiction, the reality is a robo-advisor plus a human advisor equals better client outcomes.
9.9.16, by John Harris, Managing Director, Envestnet, Inc., The Trust Advisor - The new rules will accelerate a shift from commission broker-based business to advisory fee-based business. This is a significant hurdle, naturally, for brokers who have traditionally focused on commissioned products, yet it also represents an opportunity to begin to incorporate fee-based investment advice into their practices.
9.9.16, CNBC.com - Since the start of the year, stocks, bonds, oil and gold have all risen. Zachary Karabell of Envestnet and Gina Sanchez of Chantico Global discuss with Dominic Chu.
9.8.16, Financial-Planning.com - Today, digital, online and social media technology all play a major role for financial services, particularly for acquiring and growing client relationships. The ability to communicate with current clients and prospects has expanded well beyond the limitations of geography. The increasing availability of online and digital tools make it less necessary to be where your clients are. In fact, McKinsey and Co. reports that nearly 30% of high net worth clients are comfortable having a dedicated adviser that is not located in their area.
9.7.16, The Trust Advisor - Envestnet, Inc. and Wheelhouse Analytics have expanded their Envestnet Institute On Campus program with the participation of seven additional universities and new offerings, such as a Résumé and Internship Hub, complimentary subscriptions to FundFire, and the new “Women in Wealth Management” initiative.
9.06.16, Inc.com - The tide has turned and your relationship with your financial adviser will never be the same again. Turns out, that's a good thing. Technology has put the information at your finger tips and access to real-time and near real-time information gives you the power to make powerfully informed decisions. Some people have gone as far as to ask themselves why they need a financial adviser at all?
7.22.16, Investopedia.com - The new Envestnet practice management offering is a bold solution, aimed at streamlining an advisor's practice. With several recent acquisitions, Envestnet has evolved into a leading resource for financial advisors and institutions. Its open architecture platform can be customized for an individual provider and claims to offer institutional-quality research, investment products and advisory resources.
7.8.16, Brandon Thomas and Tim Clift, Envestnet | PMC, AdvisorPerspectives.com -The unexpected occurred late last month: The UK voted to leave the European Union (EU). Global markets are reacting swiftly to this announcement, punishing stock prices around the globe and swinging currencies wildly. Although the markets were predicting a UK “stay”, this vote was always a very close race, with voters divided and the polls only a few points apart.
7.8.16, Financial Advisor IQ - Advisors must get better at managing goals to differentiate themselves in a world of increasing commoditization of investment advice, according to one commentator on ThinkAdvisor.
Out of the services advisors provide to their clients — financial planning, tax management, asset allocation, investment selection and portfolio rebalancing — only financial planning truly relies on the “human touch,” writes Jay Hummel, managing director of strategic initiatives and thought leadership at Envestnet.