Envestnet is continuing to evolve its Adaptive WealthTech to help advisors operate more efficiently, make more informed decisions, and deliver more personalized client experiences by bringing AI, data, planning, investments, and workflows together in a single connected ecosystem.
Our latest enhancements across the Envestnet Wealth Management Platform, the Envestnet Wealth Data Platform, Tamarac, and MoneyGuide are designed to reduce manual work, connect information throughout the advisor workflow, and provide advisors with the insights they need.
Connecting planning and portfolio data
A more connected advisor experience starts with making the right information available where advisors already work.
New MoneyGuide integrations within Tamarac bring financial planning data directly into the client record and advisor workflow. Advisors can access net worth, asset allocation, plan summaries, and projections without switching between systems, with the ability to move from high-level insights into deeper planning analysis.
MoneyGuide planning data can now extend into the Tamarac Client Portal, bringing planning insight together with portfolio reporting data to provide a more complete view of a client’s financial picture.
Modernizing the work behind the advice
Across Envestnet’s platforms, new capabilities are focused on eliminating time-consuming manual processes.
Tamarac Report Studio provides a modern reporting foundation that gives advisors greater flexibility and control over how they create and deliver client reports. Drag-and-drop tools for tables, charts, and KPIs make it easier to build client-ready reporting without exports or manual rebuilding.
AI-enabled capabilities coming to Report Studio will take that experience further, helping advisors create reports and client narratives by describing what they need and preparing for client conversations with AI-assisted insights and talking points.
The Envestnet Wealth Data Platform is also laying the foundation for more embedded reporting experiences, bringing reports closer to the dashboards and workflows where advisors are already working. Over time, these capabilities are designed to reduce the friction between discovering an insight and acting on it.
In the Envestnet Wealth Management Platform, a new AI-powered PDF holdings extract tool can turn information from client statements into proposal inputs, extracting account and holdings data while allowing advisors to review and validate the results.
Enabling more sophisticated advice
As client needs become more complex, advisors need technology that can accommodate more sophisticated strategies without creating more manual work.
Tamarac’s Custom Model Solutions have been expanded to support semi-liquid strategies, interval funds, and alternative ETFs through the UMA platform, giving advisors more flexibility to serve increasingly sophisticated high-net-worth and ultra-high-net-worth households.
MoneyGuide is also expanding the precision of financial planning with enhanced support for fixed indexed annuities, deferred income annuities, registered indexed-linked annuities, and structured investments.
Planning capabilities have been enhanced across long-term care and tax planning, including more accessible care cost assumptions and a more complete view of taxable income for calculating taxes and evaluating strategies such as Roth conversions.
Within the broader planning experience, new tax planning views and reports make tax calculations easier to understand and present to clients, while expanded wealth-transfer modeling supports a broader range of gifting and trust strategies. These enhancements are designed to give advisors greater precision and flexibility without making the planning experience harder to use.
Turning data into action
Envestnet is also making it easier for advisors and home office teams to turn data into actionable insights. New Insights KPI widgets within the Envestnet Wealth Management Platform provide at-a-glance views of metrics including total assets, net flows, proposal pipeline, total accounts, and customer opportunities. By surfacing these metrics directly within the platform, advisors and teams can more quickly identify trends, prioritize follow-ups, and spot opportunities for growth.
Expanded dynamic benchmarking allows firms to compare performance against more personalized peer groups, with new dimensions for analyzing business characteristics and geographic markets. Advisors and home office leaders can also access deeper performance views, including quartile, median, and risk-bucket analysis, as well as greater visibility into top- and bottom-performing advisor segments.
New advisor opportunity intelligence provides asset managers with additional ways to identify advisors most likely to engage with personalized high-net-worth solutions and alternative investments. Advisor-level opportunity grids and enhanced segmentation provide greater transparency into model-driven recommendations and help firms operationalize growth strategies at scale.
An Adaptive WealthTech platform that evolves with advisors
Envestnet’s Adaptive WealthTech is a connected technology experience across the Envestnet Wealth Management Platform, Wealth Data Platform, Tamarac, and MoneyGuide— built to help advisors spend less time managing the mechanics of wealth management and more time delivering the advice, relationships, and experiences their clients value.
