Technology Enables Advisors to Personalize
Proxy Voting for Clients
BERWYN,
Pa., Sept. 18, 2023 /PRNewswire/
-- Envestnet has partnered with voting technology provider
iconik to enable enhanced proxy voting solutions for the firm's
Sustainable Quantitative Portfolios, providing a way for individual
investors to better reflect their views in the voting process.
Fueled by increased investor demand for choice, the iconik
partnership will help to empower advisors to increase retention and
wallet share, encourage long-term stewardship of capital, and
further personalize the client experience.
"Our partnership with iconik provides advisors who rely on the
Envestnet ecosystem with a seamless mechanism that simplifies the
process of exercising proxy votes on issues that matter most to
their clients," said Brandon
Thomas, Envestnet Co-Founder and Co-CIO. "We
continue to hear about the democratization of proxy voting as an
important development in the industry. Bringing this capability to
advisors is the latest way we are helping them strengthen and
customize the client experience."
The iconik VoteForge™ engine helps resolve
operational hurdles related to proxy voting, allowing investors to
create customized voting profiles consistent with their values,
preferences, and priorities, and demonstrate their voice in real
time across the companies they hold.
"Envestnet leads the field in empowering advisors with the tools
they need to stay competitive," said Alex Thaler, Co-Founder and CEO of iconik.
"Through this partnership, advisors in the Envestnet ecosystem will
have access to set-and-forget voting technology that uniquely
connects clients' deeply held values with their investments."
The iconik technology offers an iterative process for the
advisor and clients to refine voting profiles to reflect individual
investor views. Reporting on key ballot items, and the outcomes of
those ballot items, is accessible through a dashboard where
advisors can view relevant voting metrics and then share those
results with clients, further strengthening client engagement.
"Giving investors the power to make their voices heard through
proxy voting is a powerful tool for advisors to establish and
expand relationships with new and existing clients," said
Kiley Miller, Principal Director,
Sustainable Investing at Envestnet. "Through the innovative
technology that iconik delivers, advisors and their clients not
only have easier and more efficient access to voting, but investors
are able to also play a more active role in the capital markets and
connect more deeply to the companies in which they are
invested."
To learn more, please visit:
https://go.envestnet.com/23_ENV_PMC_iconik
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, 47 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.
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 Twitter (@ENVintel).
About iconik
iconik is the first automated, customizable proxy voting
platform for financial advisors. The company's groundbreaking
voting engine VoteForge™ allows users to rapidly create
voting profiles that match their values and preferences, allowing
advisors, funds, and platform partners to meet the growing demand
for values-aligned investing in a way that works for all investors,
regardless of age, life stage, or ideological bent.
iconik and Envestnet are separate and unaffiliated firms. This
material should not be construed as a recommendation or endorsement
of any particular product, service, individual or firm.
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SOURCE Envestnet