News
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.
7.7.16, by Tim Clift, Chief Investment Strategist, Envestnet | PMC, MarketWatch.com - 2016 has shocked the world in many ways, but the greatest thunderbolt from the financial world has been the advent of negative interest rates. Some sovereign bonds have become so coveted that investors are paying for the right to lend governments money. Switzerland, Germany, Japan are among those that have seen bond rates turn upside-down.
7.7.16, by Jay Hummel, MD, Strategic Initiatives and Thought Leadership, ThinkAdvisor.com - There are some absolutes in the world: The sky is blue. At some point your spouse won’t get along with your mother, which puts you in an awkward position. In the wealth management industry, financial planning is moving to the center of the advisor’s value proposition.
7.7.16, WealthManagement.com - With the Department of Labor’s release in April of rules governing new fiduciary responsibilities for advisors who advise on retirement plans, FAs large and small are beginning to come to terms with what will be expected of them. For the tech sector, it’s a business opportunity—or threat—of historic proportions.
6.27.16, InvestmentNews.com - Meet 40 young leaders in the financial advice industry, and learn how the power of their personalities helps them succeed. Congrats to our own Aaron Bauer for being named one of the 40 Under 40!