News
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.
12.27.17, ThinkAdvisor.com -Many financial advisory firms are seeing more automation in their middle- and back-office operations, according to industry experts.
The increasing automation process is expected to continue throughout 2018 and is leading to savings, improved efficiency and increased accuracy.
10.19.17, WealthManagement.com - Out of an initial pool of over 500 entrants, here are the winning firms that took home a "Wealthie" at the Wealth Management Industry Awards, held Oct. 11 at the Plaza Hotel in New York City. The awards are meant to recognize recent initiatives that help financial advisors grow their businesses and better serve their clients.
10.5.17, by Brandon Thomas, Envestnet | PMC, InvestmentNews.com - Benjamin Franklin astutely observed in 1789 that "…in this world nothing can be said to be certain, except death and taxes," but investors can use the latter to their advantage to potentially increase the value of their portfolios. There is often a substantial difference between a portfolio's pre-tax performance and its after-tax performance, and if investors take an active approach to tax management as part of their investment strategy, they can reap significant rewards over the long term.
9.25.17, ThinkAdvisor.com - Over the past two years, Envestnet has been developing an open-architecture strategy it calls “Open ENV,” Bergman said, that he believes makes the firm “uniquely positioned” to integrate FolioDynamix’s platform into its own.
9.25.17, InvestmentNews.com - At the end of June, FolioDynamix had more than 3.2 million client accounts with more than $800 billion in assets, according to a press release. Combined, Envestnet will work with almost $2 trillion in assets and approximately 10 million investor accounts, according to the companies.
9.19.17, by Zachary Karabell, Envestnet, Inc., AdvisorPerspective.com - Astute investors know that buying when others are fearful can be a good strategy. Despite remarkably low market volatility, investors continue to avoid risk. This month, we examine previous periods of risk and investor behavior, when investors discarded normal valuation measures, threw caution to the wind, and suffered the consequences. But those periods have few parallels in today’s market environment, suggesting that carefully introducing some risk into portfolios may be timely.
8.28.17, ABA Banking Journal - Should wealth management services be purely digital? Adviser-assisted? Traditional? The answers may vary, but most experts seem to agree that the best strategic response may be a blend of both human- and robo-assisted services.
8.11.17, ThinkAdvisor.com - Advicent announced Monday that it is integrating with Envestnet to offer its NaviPlan financial planning software through Envestnet’s wealth management platform.