News
5/15/14, WealthManagement.com - As a significant number of individual investors—baby boomers—enter retirement, many believe it could result in a negative wave for equities, as these investors pull their assets out of the stock market and enter the decumulation phase of their lives. Bob Reynolds, president and CEO of Boston-based Putnam Investments, is not concerned about it.
“I don’t see the big runoff in equities,” Reynolds said, to a room of about 800 advisors during Envestnet’s annual advisor summit in Chicago this morning.
5/15/14, RIABiz.com - “You hear all of these stories about the robo-advisor and you’ll see all of these stories about how they’ve got piles and piles of venture capital money and it’s something we need to pay attention to,” Crager said. “But at the end of the day, there is nothing like that relationship with a financial advisor and no algorithm can replace that. We’ve got to upset that apple cart.”
5/15/14, by Gib Watson III, CIMA, Vice Chairman, Envestnet, Inc, ThinkAdvisor.com - As a financial advisor, how many times have you heard this one: “So, when do you think I can afford to retire?” It’s one of life’s really tough questions, and, by all appearances, more Americans are turning to their advisors for an answer. In fact, according to the National Association of Plan Advisors (NAPA), more than 70% of 401(k) plan participants cite generating adequate retirement income as their number one concern.
5/13/14, ThinkAdvisor.com - With a big jump in attendance this year, annual event in Chicago will welcome 800 advisors and speakers from Putnam’s Bob Reynolds to Wired’s Chris Anderson.
At its annual Advisor Summit this week in Chicago, Envestnet will welcome 1,400 total attendees, including 800 advisors — a 30% jump from last year — for an event that will focus on innovation “in our industry, among independent advisors, in the investment management business and new ideas that we’re generating as a firm,” said Ron Fiske of Envestnet.
April 17, 2014, by Tim Clift, Chief Investment Strategist, Envestnet | PMC, MarketWatch.com - After the S&P 500 Index ended last year at an all-time high (with a 10.5% gain in the fourth quarter alone), optimism and momentum were strong leading into 2014. But something changed all of a sudden.
Instead of extending its advance, the benchmark index eked out an increase of only 1.80% during the first quarter. (The bond market, as measured by the Barclays Capital Aggregate Index, climbed 1.84%.) And the S&P 500 fell as much as 4% in the current quarter.
4/20/14, InvestmentNews.com - Strategists face deeper scrutiny and new pressures to add value as advisers pump billions into managed-ETF portfolios.
March 27, 2014, InvestmentNews.com - When I started this company 14 years ago, the vast majorly of financial advisory assets were in commission-based brokerage accounts at wirehouses. We’ve been undergoing more than a decade-long transformation where advice is based on assets instead of commissions.
Today there are still more high-net-worth client assets in commission accounts, but within the next few years, I reasonably expect the shift will move toward fees, and the majority of high-net-worth clients will move toward independent advisers.
March 25, 2014, by Judson Bergman, Founder and CEO, Envestnet, Inc., Entrepreneur Magazine - Demand for expert financial advice is growing -- and this presents an opportunity for independent advisors.
According to Cerulli Associates, the percentage of affluent and nearly affluent households investing with financial advisors grew from 50 percent in 2008 to 84 percent in 2012, reflecting the challenges presented by increasingly complex financial markets as well as individuals' desire for more personalized and effective investing strategies.
March 16, 2014, InvestmentNews.com - Investment advisers are flocking to Envestnet Inc. and have turned the asset management and technology company into a market darling.
March 13, 2014, by Tim Clift, Chief Investment Strategist, Envestnet | PMC, MarketWatch.com - The market’s behavior during the first couple of months of 2014 has exhibited some eerie similarities to its behavior in 2000, the year the dot-com bubble exploded, marking the end of a multi-decade bull market.