Envestnet's Latest Platform Upgrades Help Foster Meaningful Client Relationships, Better Outcomes
"This latest round of enhancements to the
The latest release features strategic and impactful updates, including:
- Integration with SaleMove:
Envestnet'snew co-browsing and video integration with SaleMove reshapes how advisors and clients communicate to foster a more collaborative advisor-client experience. Now live, not only does the integration provide another way for advisors to quickly address client questions on the Envestnetplatform, but Envestnet'sservice and support teams will also have their own version to assist advisors.
- Deeper Client Portal Connectivity with Yodlee: One of the more powerful features in the Client Portal are the Yodlee applications that provide clients with an intuitive and informative look into their full financial picture.
Envestnetis improving the Yodlee user experience by implementing the FastLink 3.0 workflow for aggregating accounts, which makes it easier for advisors to identify financial institutions, add credentials and link accounts, and confirm when everything is complete and available on the Client Portal. With this latest release, the advisor can also control the availability of individual Financial Wellness Solutions. Finally, Envestnetis adding a new application called OK to Spend that enables clients to see their upcoming recurring expenses, paycheck deposits, financial events and projected balances on future dates in a centralized calendar view.
- Advanced Financial Planning Capabilities:
Envestnetis offering two more options for advisors in addition to its standard methodology for calculating the plan probability number for the likelihood of a financial plan being able to satisfy all of a client's goals. Plan probability can now also be determined using the "traditional" method (successful simulations divided by the total number of simulations) and the weighted priority of goal probabilities. This provides advisors with a plan output that aligns with their approach to planning. With the addition of the equity compensation feature, advisors will also now have the ability to model different share exercise and sale options to incorporate into plan scenarios with Advanced Logix. The equity compensation analysis can be used as a strategy within plan scenarios, as well.
- Report Customization and Availability: By adding more report content options and flexibility for delivery,
Envestnet'sQuarterly Performance Reports (QPR) can now be customized to incorporate other firm documents alongside the reports selected in the template. QPRs can also be generated at a group level, rather than only at the client household level, which helps generate a more effective report with only the most relevant information included. Additionally, clients will now be able to access individual performance reports directly from their site.
The features detailed above are available on the
More than 92,000 advisors and more than 3,500 companies including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage
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Stephanie Schneider, firstname.lastname@example.org