News
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.
8.6.17, Wall Street Journal - Brandon Thomas, co-founder and chief investment officer at Envestnet, a research and advice provider for financial advisors, says, “Each of the measures is currently higher than its long-term average, prompting many market analysts to predict an impending market decline.”
8.4.17, Fund Technology -Advisor Group is planning to launch a new platform that applies the digital and automation capabilities of its robo-advisory tools in conjunction with its traditional advisory services geared toward in-person guidance.
8.2.17, Ignites - The firm’s broker-dealer unit has already overhauled its menu, bringing on Envestnet and Decoupage Technologies to change its advisors’ systems.
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.