News
5/16/14, RIABiz.com - The Envestnet Advisor Summit had about 1,300 attendees and about 800 of them were financial advisors — an unsurprising statistic. But a closer look at the composition of the crowd yields an “aha!”
“People are really drinking the Envestnet Kool-Aid and I don’t mean that in a negative way,” says MarketCounsel Brian Hamburger, who made a presentation to the Chicago event’s crowd on subject of the myths and realities of dealing with SEC compliance.
5/15/14, WealthManagement.com - Advisors need to be disruptive innovators to succeed and overcome the looming challenges the industry faces, he added. During his presentation, Bergman outlined the characteristics of companies that are innovators versus those who are disrupted by someone else with a better mousetrap.
Innovators invest in technology, build and protect their brand, perfect their marketing prowess, hire experienced managers and flex their distribution muscle. They believe in their own strength and flaunt their supremacy.
5/15/14, ThinkAdvisor.com - They may have had some relevance up until the 1950s, but today, in a world of global markets and “unfettered capital,” a world of unbridled commerce where products are made and sold in so many different places, and where technology changes from day-to-day, Karabell -- who spoke at Envestnet’s 2014 Advisor Summit in Chicago on Wednesday -- believes that the use of traditional indicators to predict future outcomes is totally counterproductive, particularly at the individual level.
5/15/14,WealthManagement.com - Frontier market countries, such as Kuwait, Bangladesh, Argentina and Lithuania, have extremely small markets. Yet they are less risky than emerging market countries, said Rick Schmidt, portfolio manager of emerging markets and frontier markets at Harding Loevner, during a session at Envestnet’s annual advisor summit in Chicago.
5/15/14, ThinkAdvisor.com - Spurred by extreme weather and new science bolstering fears of catastrophic events, more investors are taking climate change and other societal issues to heart when they decide to where to put their money.
Patricia Farrar-Rivas, founding principal, CEO and COO of Veris Wealth Partners, says investors are seeking different kinds of investment options, ones that can have a lasting impact beyond the bottom line.
5/15/14, ThinkAdvisor.com - In today’s large and globalized world, investment possibilities are already plentiful, and the choices continue to increase against the backdrop of shifting macroeconomic trends.
At Envestnet’s 2014 Advisor Summit in Chicago, three leading portfolio managers offered their perspectives on the international equity markets, where the best opportunities lie and why.
5/15/14, by Zachary Karabell, Head of Global Strategy, Envestnet, Inc., Barron's - One obvious consequence of the information technology revolution has been an explosion of news and noise. We are bombarded daily with information and commentary that comes at us online, in print, and over various airwaves. This information overload is especially acute in the world of finance and financial markets.
5/15/14, FinancialPlanning.com - Online financial advisors aren't the next hot thing. The need for human service won't change.
That's according to Judson Bergman, chief executive officer of Envestnet, who spoke at the TAMP's annual Advisor Summit this week.
While some financial journalists and others "call robo advisors the next big thing in wealth management," Bergman told attendees in the opening session, "we are not so sure."
5/15/14, FinancialAdvisor.com - Emerging markets have been beaten up, but some investors think they offer advisors some attractive opportunities for their clients.
Michael Bennett, certified public accountant, managing director, Lazard Asset Management, said emerging markets are trading at 11 times forward earnings, which he said “is a very interesting opportunity” right now.
Conversely, he said valuations in some European companies and countries are getting close to fair value following the hit many southern-tier European countries took just a few years ago.
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.