New Envestnet RIA Capabilities include Enhanced Fixed-Income Trading tool, Unified Managed Accounts Integration, and New Client Portal
Envestnet Co-CIO and Solutions Group President Dana D'Auria Takes the Stage at Future Proof 2024 to Address the Future of Investment Delivery
BERWYN, Pa., Sept. 16, 2024 /PRNewswire/ -- Time, arguably an advisor's most valuable resource, is often in critically short supply, insufficient for what they would ideally like to spend with clients. According to Envestnet's 2024 Advisor Perspectives Survey1, nearly 40% of advisors are spending their time on investment management and administrative activities, with 30% saying they are not able to spend enough of their time with clients.
This survey also shows nearly two-thirds of advisors assemble their tech stack with several point solutions, yet almost half would prefer to use an all-in-one platform, which reinforces the importance of integrated practice workflows. In fact, when asked what would cause an RIA to switch technology partners, their top answer is to find a more seamless workflow among their tech stack components.
That's why Envestnet is launching new features and capabilities for RIAs on its wealth management platform, to help streamline business workflows and free up advisor time to do what they do best – serve the financial needs of their clients and enable better financial outcomes.
"Supporting the growth and productivity of RIAs with our Envestnet | Tamarac and wealth technology solutions remains a strategic area of focus for our business, and these new features address the critical needs expressed by our clients," said Molly Weiss, Group President of Wealth Management Platform for Envestnet. "Our goal is to help streamline and optimize advisor workflows through advanced technology and insights, to enable them to focus more on client relationships and less on the administrative tasks that take up their valuable time."
"Envestnet | Tamarac continues to serve the needs of advisors looking for a pre-integrated, comprehensive, and RIA-focused platform," said Doug Fritz, founder and CEO of F2 Strategy. "The enhancements being introduced have helped F2's clients that are both long-time and newly-implemented Envestnet | Tamarac users. Specifically, the updated client portal has been a much-appreciated enhancement as many clients look to extend their advisory experience beyond email and Zoom calls!"
Envestnet will be onsite at the Future Proof Wealth Festival in Huntington Beach, Calif. this month to showcase and demonstrate its latest advancements for RIAs on its wealth management platform.
To learn more about these enhancements and capabilities, and participate in onsite product demos, visit the Envestnet booth #406 at Future Proof, the world's largest wealth festival, from September 15-18, 2024, in Huntington Beach, Calif. – or contact [email protected] to learn more today. More information can also be found on www.Envestnet.com/RIA.
Envestnet Co-Chief Investment Officer and Group President of Solutions Dana D'Auria will present on Future Proof's Surf City Stage, Tuesday, Sept. 17 at 3:20 p.m. PT, to discuss the future of investment delivery. Joined by a cross-industry panel, D'Auria will share insights RIAs should consider when making outsourcing decisions for their managed accounts.
*RIA Marketplace provides advisors with access to Fund Strategist Portfolios (FSPs) managed by third-party asset managers who have entered into a strategic partnership with Envestnet. In connection with this relationship, Envestnet is compensated by the third-party asset managers based on the value of assets invested in the models participating in this program, which creates a conflict of interest. For more information regarding the RIA Marketplace Program and related conflicts, please see Envestnet's Form ADV Part 2A. https://www.envestnet.com/sites/default/files/2022-12/EAM-ADV-Part2A.pdf
About Envestnet
Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions – backed by industry-leading service and support. Serving the wealth management industry for 25 years with more than $6.2 trillion in platform assets—more than 110,000 advisors, 17 of the 20 largest U.S. banks, 48 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs -- thousands of companies, depend on Envestnet technology and services to help drive business growth and productivity, and better outcomes for their clients. Data as of 6/30/24.
Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV). For a deeper dive into how Envestnet is shaping the future of financial advice, visit www.envestnet.com. Stay connected with us for the latest updates and insights on LinkedIn and X (@ENVintel).
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MEDIA CONTACTS:
Amy Norcini
Envestnet
[email protected]
Andrew Jennings | JConnelly for Envestnet
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1 Envestnet Market Intelligence Advisor Survey, 2024, https://go.envestnet.com/Advisor-Perspectives-2024
2 2024 T3/Inside Information Advisor Software Survey https://t3technologyhub.com/wp-content/uploads/2024/01/2024-T3_Inside-Information-Software-Survey.pdf
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SOURCE Envestnet, Inc.