News

5.20.16, FinancialAdvisor.com - Change for the good of both client and advisor can be achieved by providing what they call the five pillars of value — financial planning, asset allocation, investment selection, systematic rebalancing and tax management. The first three can be handled by a hybrid of human and computer; the last two produce the best results when executed by the financial advisor, Crager and Hummel say.

5.20.16, Bloomberg.com -The new initiative draws on the proprietary expertise Envestnet has obtained from supporting almost 50,000 advisors on its platform, enabling the firm to provide insights into how the most successful advisors are running their practices.

The company said advisors are grounded in the firm's Capital Sigma: The Return on Advice study, which finds advisors have the potential to add three percent in value to their clients annually.

Advisors also deliver actionable insights and educational programs.

5.19.16, ThinkAdvisor.com -"Advocacy is a critical component of business success," Clarke Camper, senior vice president for government relations for Capital Group, the parent of American Funds, said during the panel. He noted that his mantra in meetings with regulators on the rule was choice. "We need to preserve choice for investors and we need to preserve choice for advisors" on what business model they want to use.

5.18.16, ThinkAdvisor.com - “This is a huge market in terms of total dollars, in terms of fastest growth rate and also in terms of this being of interest to your highest potential clients, meaning women and millennials,” Nystrom said during a pre-conference session at Envestnet Advisor Summit on Wednesday.

5.18.16, 401KSpecialistMag.com - Envestnet’s Jay Hummel drew laughter when making a point about being true to yourself as an advisor in Wednesday afternoon’s panel session at the companies Advisor Summit 2016 in Chicago. Noting the complexity and amount of change in the industry, Hummel referenced Back to the Future in his remarks.

5.18.16, 401KSpecialistMag.com - Noting he advocated for the chess master as keynote, but was ultimately unsuccessful, Bergman took the stage by noting, “I like to talk about the future of the industry, but I also like to talk about history to past disrupters. What can we learn from Garry Kasparov and his match against big blue? Man versus machine is an enduringly, captivating theme.”

3/25/16, by Jay Hummel, Envestnet, Inc, ThinkAdvisor.com - If I had a dollar for every time I heard, “Jay, I need to make all of the investment decisions for my clients, because that’s what they are paying me to do,” I’d be retired. As someone who used to run an RIA, I understand the tough decisions related to where a firm or practice should allocate time, and how they play into a firm’s value proposition for clients. 

3/18/16, FinancialAdvisorIQ.com - Ahead of the Department of Labor’s new rule to reduce conflicts of interest in retirement planning, advisors at major U.S. brokerages are trying to sort through who might face the biggest regulatory challenges.

But one group already making plans to become immediate winners in a new regulatory environment are players in the $1.8 trillion turnkey asset management programs marketplace.