News
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.
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, 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.
7.12.17, 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.
7.11.17, 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.