BERWYN,
Pa., Jan. 22, 2024 /PRNewswire/
-- Envestnet, a leading provider of integrated wealth
management solutions, is proud to announce the launch of its new
RIA consulting capability, the RIA Growth Lab. This innovative
offering aims to enable the growth and productivity of RIAs by
providing comprehensive practice valuation consulting services,
leveraging cutting-edge technology to deliver actionable
insights.
With the wealth management landscape constantly evolving,
Envestnet recognizes the need for RIAs to stay competitive and
optimize their practices. The newly formed RIA consulting group at
Envestnet is poised to address these challenges by offering peer
benchmark grades on essential metrics, including revenue, client
satisfaction, and business stability.
Key Features of Envestnet's RIA Growth Lab include:
- Peer Benchmarking: Envestnet utilizes advanced
technology to compare an RIA's performance against industry peers,
offering valuable insights into areas of strength and opportunities
for improvement.
- Practice Valuation Enhancement: By analyzing key
performance metrics, Envestnet's consulting team helps RIAs
identify strategies to increase their overall valuation and
efficiency.
- Deepening Engagement: Envestnet's
RIA Growth Lab offers deeper consulting
engagements for advisors interested in strengthening their
relationship with the Envestnet
ecosystem. This includes access to
Envestnet's extensive suite of tools and
resources.
Dani Fava, a well-respected
figure in the wealth management industry, leads this initiative.
Fava brings a wealth of experience, making her the ideal leader for
this innovative consulting group. Her commitment to helping RIAs
succeed aligns seamlessly with Envestnet's mission to empower
advisors to achieve their full potential.
"We are thrilled to introduce our RIA Growth Lab to the market,"
said Dani Fava, Group Head of
Product Innovation at Envestnet. "Our goal is to assist RIAs in
optimizing their practices, delivering enhanced value to clients,
and deepening their connection with Envestnet's comprehensive
ecosystem of solutions."
Joel Bruckenstein, fintech expert
and President of T3 Technology Products and Services shares his
take on the new consulting initiative -- "For RIAs, business growth
and productivity is a key priority and Envestnet is delivering on
this need through the inception of the RIA Growth Lab. By
understanding where similar businesses are performing and tapping
those opportunities, advisors can expand the value they provide to
clients with even deeper engagements and new technologies. It will
be interesting to see how the RIA Growth Lab changes the game for
advice and I suspect we'll see more advisors aligned on how they
deliver value to clients through the Envestnet
ecosystem."
Envestnet's RIA consulting services will be available via 1x1
consulting engagements, upcoming webinars which will be announced
soon, and via engagements at Envestnet's in-person events, like the
Envestnet Elevate conference taking place in May 2024. RIAs seeking to elevate their practice
and stay at the forefront of the industry should reach out
to RIAGrowthLab@envestnet.com to stay informed about
opportunities to begin their Growth Lab journey.
ABOUT ENVESTNET
Envestnet is transforming the way financial advice is delivered
through an ecosystem of technology, solutions, and intelligence. By
establishing the connections between people's daily financial
decisions and long-term financial goals, Envestnet empowers them to
make better sense of their finances and live an Intelligent
Financial Life™. With more than $5.4
trillion in platform assets—more than 107,000 advisors, 16
of the 20 largest U.S. banks, 48 of the 50 largest wealth
management and brokerage firms, more than 500 of the largest RIAs,
and thousands of companies, depend on Envestnet technology and
services to help drive better outcomes for their businesses and for
their clients. Data as of 9/30/2023.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For more
information, please visit www.envestnet.com, and follow us on
LinkedIn and X (@ENVintel).
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SOURCE Envestnet