Latest Innovations Build on the Firm's
Technology Roadmap To Support a Single View of a Client's Entire
Financial Life
BERWYN,
Pa., April 28, 2022 /PRNewswire/ -- Envestnet
has launched a series of technology updates throughout its
ecosystem, designed to meet and exceed the evolving technology and
investing needs of financial advisors and their clients. These
enhancements are a part of a series of spring releases that include
investment products, web-based planning solutions, and an optimized
advisor and client experience.
"As part of our always on, and always improving financial
wellness ecosystem, these latest technology releases lead into our
biggest event of the year, the 2022 Envestnet Advisor Summit," said
Molly Weiss, Head of Product for
Envestnet Wealth. "We're excited by these enhancements and look
forward to unveiling additional innovations as part of our roadmap
at Summit."
New features within Envestnet's ecosystem, including the
next-generation proposal workflow, are driven by feedback from
advisors, who can now access the following capabilities within
proposals for new investment products:
- Fund Strategist Tax Management allow advisors to
outsource and automate tax management on either third-party manager
or proprietary home office fund strategist portfolio accounts at
scale and personalized to their individual clients' tax situations
and investment goals.
- Sustainable investing strategies and overlays
enable advisors to incorporate institutional-quality and customized
sustainable investment approaches into client portfolios.
- Private Wealth Consulting to help advisors connect to
Envestnet's investment specialists, who can work with them to
further customize solutions for their clients.
- Enhanced account setup features, such as more flexible
dollar cost average settings and account-level security
restrictions.
- Updated performance reports that can break out time
periods and performance by asset class and manager.
"These investments in our ecosystem help ensure we continue to
offer a truly forward-looking experience for advisors and their
clients that allows them to plan ahead across generations," added
Ms. Weiss. "Ongoing enhancements to Envestnet's fully
connected wealth ecosystem give advisors even more power to help
clients capture opportunities, make strategic decisions, and make
progress toward their goals."
Envestnet | Tamarac's updates slated for spring
include:
- Streamlined navigation for Unified Managed Accounts in
the Client Portal, and in the Reporting solution.
- Compliance tools to support advisor's Form ADV and 13F
reporting
- Enhanced reporting capabilities to show position
attribution, and annualized returns on position performance.
- Continued usability enhancements for the new modernized trading
experience with simplified Rebalancing workflow, including a
new interface, summary report, and trading dashboard widgets.
In addition, Envestnet | MoneyGuide has completed a new
integration with Special Needs Map, a web-based planning
tool to help estimate how much money a client may need to leave a
child with special needs after they pass. The application guides
the client through an intuitive interface asking questions about
their family, their child's capabilities and long-term needs, and
financial assumptions to arrive at a dollar amount, which is broken
down in-depth among categories such as housing/care and lifestyle
expenses. To learn more, visit
https://www.specialneedsmap.com/.
"With the new Special Needs Map feature, advisors can help
clients who have children with special needs navigate and plan
accordingly for when they are no longer able to care for their
loved ones themselves," said Rose
Palazzo, Group Head of Envestnet | MoneyGuide.
About Envestnet
Envestnet refers to the family of
operating subsidiaries of the public holding company, Envestnet,
Inc. (NYSE: ENV). Envestnet is Fully Vested™ in
empowering advisors and financial service providers with innovative
technology, solutions, and intelligence to help make financial
wellness a reality for their clients through an intelligently
connected financial life. Over 108,000 advisors and more than 6,000
companies—including 18 of the 20 largest U.S. banks, 47 of the 50
largest wealth management and brokerage firms, over 500 of the
largest RIAs, and hundreds of FinTech companies—leverage Envestnet
technology and services that help drive better outcomes for
enterprises, advisors, and their clients.
For more information on Envestnet, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVintel) and LinkedIn.
Media Contact:
Dana Taormina
JConnelly for Envestnet
973.647.4626
envestnetpr@jconnelly.com
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SOURCE Envestnet, Inc.