News
7.26.17, WealthManagementToday - According to a recent study of advisor productivity from Envestnet, the median RIA with advanced technology integration has 78% more assets and the median IBD advisor has twice the assets of peers with little to no technology integration.
Advisors should be on the lookout for low value tasks that can be automated, Duran recommended. They should always be focusing on the highest value tasks, which he referred to as “practicing at the top of your license.”
The wealth management industry has moved beyond robo-advisors
7.21.17, FundFire.com - Advisor Group’s fee-based advisory platform, which runs on Envestnet technology, has room to grow as more advisors continue to determine that fee-based accounts make sense for some clients, Wei says.
7.17.17, ThinkAdvisor.com - Converging market forces are creating a sea change in the financial advisory world. Price compression, zero-interest rates, the discussion over active versus passive investing and the advent of the robo-advisor have made for more cost-conscious investors.
7.13.17, Blake Wood, Envestnet, FinancialAdvisor.com - Behavioral, psychometrical, primed-state profiling, Ibbotson standard, AI facial and emotional recognition software—these are just a few of the many new approaches to assessing an individual’s level of investment risk tolerance. And yet, there are no silver bullets when it comes to risk measurement or financial plan profiling. Every tool and process has a weakness. There are so many prognosticators offering their views of how investor risk-profiling needs to be radically reshaped.
7.12.17, MoneyMarketing.com -This week I am in New York to see the latest innovations in wealth technology and to hear from several industry leaders transforming the way Americans access advice. Now in its third year, the In|Vest conference provides a heady mix of powerful tech demonstrations and exceptional thought leadership.
7.12.17, ThinkAdvisor.com - Envestnet, which provides integrated portfolio, practice management and reporting solutions for financial advisors and institutions, reports that investors are more, not less, optimistic about the stock market. They’re increasing allocations to aggressive stock portfolios while decreasing allocations to more conservative strategies, as stocks continue to advance against a backdrop of “surprisingly low volatility,” according to Envestnet’s database.
7.11.17, Financial-planning.com - The top executives delivered a message in unison: Digital trends are permanently changing the wealth management industry and advisers must change with them.
7.6.17, Fund Technology - According to Jim Lumberg, co-founder and executive V.P. at Envestnet, one in every five new dollars is being invested with a social lens.
6.27.17 - ETF.com - Envestnet has long had an ETF ranking system that analyzes passive ETFs and offers advisors guidance on which ones they see as best in class. The firm has now expanded that evaluation process to the smart-beta ETF space, boiling down a universe of about 800 ETFs into an initial list of 33 recommended funds from 10 different issuers.
6.22.17, Barron's - With the S&P 500 up nearly 10% for the year through mid-June, many investors are nervous about what lies ahead. Even more nerve-wracking is that an outsized portion of the total returns have been generated by just a few stocks.
A few mega-technology companies have, in fact, been driving returns on and off for the past three years: the FANG stocks — Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google, which is now known to investors by its renamed corporate parent Alphabet (GOOG) — have recently been modified with...