Preeminent industry event hosts nearly 2,000
Advisors, RIAs, Enterprises and Fintechs who Seek Better Client
Outcomes, Growth and Productivity through Envestnet's Wealth
Management Platform
BERWYN,
Pa., May 14, 2024 /PRNewswire/ -- Envestnet
(NYSE: ENV), a leading provider of integrated technology, data
intelligence and wealth solutions, has kicked off its largest event
of the year – Elevate 2024 – the wealth industry's premier
technology conference. Taking place in Phoenix, AZ from May
13-15, 2024, nearly 2,000 advisors and professionals from
registered investment advisers (RIAs), enterprises and fintechs
have convened to experience firsthand the growth and productivity
made possible by Envestnet's industry-leading Wealth Management
Platform.
"Since Envestnet's founding 25 years ago, the company's singular
vision has remained the same – to help advisors deliver better
advice and value to their clients – through the best technology,
intelligence and solutions," said Tom
Sipp, Executive Vice President, Business Lines for
Envestnet. "Elevate is the place where advisors, partners and
clients all come together to see this vision come to life –
uncovering ways to grow, efficiently manage and scale their
business through a deeply integrated, end-to-end technology
platform."
Elevate 2024 boasts high-profile executive presentations and
guest speakers, more than 50 breakouts, including opportunities for
continuing education credit, multiple audience tracks for advisors
and home offices, and new this year, a dedicated track for
retirement.
Featured Presentations
- Envestnet Keynotes
- Bill Crager, Strategic
Advisor, Co-Founder and Former Chief Executive Officer of
Envestnet
- Tom Sipp, Executive Vice
President, Envestnet Business Lines
- Dana D'Auria, Co-Chief Investment Officer and Group
President, Envestnet Solutions
- Molly Weiss, Group
President of Envestnet Wealth Management Platform
- Guest Speakers
- Michael Arone, Chief
Investment Strategist, State Street Global Advisors
- Ian Bremmer, President,
Eurasia Group & GZERO Media
- Angela Duckworth,
Best-selling author and psychologist
- Charles Duhigg,
New York Times best-selling author
- Edmund F. Murphy III,
Chief Executive Officer of Empower
- Rick Rieder, CIO of
Global Fixed Income and Head of Global Allocation, BlackRock
- Adam Spector, Head of
Global Distribution, Franklin
Templeton
- Vadim Zlotnikov, Head of
Fidelity Institutional, Fidelity
"Elevate showcases the unique opportunities made available to
advisors on our Wealth Management Platform that are designed to
help increase productivity and efficiency, and to deliver more
personalized solutions to their clients, at scale," said
Molly Weiss, Group President of
Envestnet's Wealth Management Platform. "Through our deeply
connected ecosystem, we're meeting the advisor where they do
business – providing deeply integrated workflows, advanced insights
and a unified experience that allows them to serve their clients in
a more holistic way."
Key session themes at Elevate include technology consolidation
and integrated workflows; delivering customization of investments
and technology at scale; achieving greater productivity in
advisors' practices; serving the high-net-worth market with
advanced solutions and insights; and a full track of retirement
breakouts on how advisors can incorporate retirement into their
practices.
- Technology Consolidation
Findings from Envestnet's 2024 Market Intelligence
Survey reinforce a trend that Envestnet already sees
playing out among its clients and partners -- while most advisors
currently assemble their technology stacks with point solutions, an
all-in-one technology platform that serves most or all their
business needs is by far their winning choice.
As Catherine Knopf,
Senior Vice President of Advisory Consulting at Osaic
shares, "The Envestnet platform is integrated
with all of our other technical solutions and provides a platform
for all of our investment management resources in one place."
At Elevate, advisors will witness and demo the wide
array of capabilities configurable on the Envestnet Wealth
Management Platform which provides the integrated and seamless
workflow advisors look for in a technology partner.
Envestnet client and Senior Consultant
at LibertyFi, John Brooks,
shares his experience with consolidation through the
Envestnet Wealth Management Platform, "Envestnet
has great integrations. They have a lending integration. They
have access to alternatives. They have a phenomenal client portal.
It's one of the few software packages that really encompasses
everything."
At Elevate, Envestnet unveils a partnership with
Salesforce to offer a connected financial planning experience
for Envestnet MoneyGuide customers using
Salesforce's Financial Services Cloud (FSC). The
goal is to provide a unified platform for wealth advisors,
addressing key pain points like operating across multiple systems
and data disparity between CRM and financial planning
platforms.
Carly Maher, Head of
Wealth Management Strategy and Business Operations at Park Avenue
Securities, an Envestnet client, shares that
"Integration is really key and is important for us when we think
about buy vs. build from a technology standpoint. When we buy, we
want things to be integrated, and Envestnet has done a
really great job of integrating solutions into their platform so
that we don't have to cobble together technology resources to solve
for the same problems."
- Opportunities for Customization
Today's advisors are tasked with expanding their solution
set to provide a range of options for clients – holistically
serving them while differentiating their business. Customization
can also serve as an engine for growth, as separately managed
accounts (SMAs) and direct indexing assets are expected to
outpace mutual funds and ETFs between 2022 and
2026.1
"Envestnet enables us to have a seamless process
that's repeatable…We understand the goals of the client, and from
there, with the help of the research investment team at
Envestnet, we're able to build the customized
portfolios," Alexandre
Quantin, Partner at USAFrance Financials and Park Avenue
Securities Client.
Elevate sets the stage for advisors to learn about
customizable platform capabilities and integrations, including tax
management solutions, direct indexing, insurance, credit,
retirement solutions, and more. Enhancements include a new
"Unleashing Overlay" initiative that seeks to reduce accounts
submitted not in good order; provide transition analysis
integration to the digital proposal workflow; allow ease of
uploading cost basis information; deliver enhanced account
reporting; and offer tax loss harvesting of single sleeve mutual
funds and ETFs. Envestnet is also expanding its
partnership with iconik, allowing advisors to
personalize proxy voting for their clients, as new voting
disclosure rules take effect this summer.
In addition, new machine learning insights have been
added to Insights Engine, now directly within the Wealth Data
Platform Dashboard – increasing personalization capabilities for
advisors, with opportunities to identify Money in Motion, Tax
Overlay Propensity, Wealth Consolidation, and more. Generating more
than 20M insights daily across
approximately 100 use cases, Envestnet has seen a 47%
year-over-year increase in advisor usage of insights.
- A Focus on High Net Worth (HNW) Investors
It's expected that by 2025 there will be over 8.8 million
HNW individuals in the U.S., a 33% increase from
20222. HNW and UHNW
individuals and households present a unique opportunity for
financial professionals looking to grow their business. As such,
many advisors (32%) are looking to add or place greater emphasis
on HNW and Ultra-HNW services in the next
year, as indicated by Envestnet's 2024 Market
Intelligence Survey.
Michael Maresca, CEO
at National Financial Network and a partner of
Envestnet client Park Avenue Securities, shares his thoughts
on the growing number of high-net-worth clients his advisors are
supporting. "Nuance is important, especially for these higher net
worth clients that are looking for customization."
At Elevate, advisors can develop a better understanding
of today's diverse group of high-net-worth individuals – and what
it takes to serve this growing population well through technology
and solutions.
- Retirement
As the financial services industry looks to deliver more holistic
advice, the integration of retirement planning and wealth
management has become increasingly important for advisors. This
emerging trend is fueled by the necessity to meet the changing
needs of an aging population, aiming to secure and enhance their
financial well-being into retirement.
Leaders from Envestnet, Empower and Franklin Templeton
will explore how financial advisors can present retirement
plan sponsors with an efficient, cost-effective solution that
includes fiduciary and investment support while also helping
businesses provide an added benefit to their employees.
Retirement breakout sessions will include discussions on
rollovers; solutions for small business owners; retirement market
intelligence and trends; bridging retirement planning with wealth
accounts, and more.
Breakout sessions on these topics and others can be found on the
Elevate Agenda.
Envestnet thanks its Elevate Premier sponsors BlackRock,
Fidelity, Franklin Templeton, and
State Street Global Advisors SPDR, who along with its Platinum
sponsors Alliance Bernstein, Janus Henderson Investors, Northern
Trust and Nuveen; and Gold sponsors Empower, First Trust, MFS
Investment Management, Pimco, Principal Asset Management, Russell
Investments, Vanguard, and William
Blair; 76 exhibitors and seven technology partners that help
make Elevate an unforgettable and industry-leading experience.
For more information, visit www.Envestnet.com/Elevate. For live
updates during Envestnet Summit 2024 – Elevate, follow us on social
media on LinkedIn, Twitter, and Instagram, and join our
conversation by using hashtag #ENVElevate.
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 trillion in platform
assets—more than 109,000 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 3/31/24.
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).
Envestnet did not directly compensate any client quoted herein
for participating in interviews or providing a testimonial.
However, Envestnet covered costs associated with Elevate conference
marketing materials, (including client interviews) which may be
repurposed by LibertyFi, Osaic or Park Ave. Securities for their
own advertising purposes, at their discretion and cost.
1 Cerulli U.S. Managed Accounts 2023
2 Capgemini Report
MEDIA CONTACTS:
Amy Norcini
Envestnet
amy.norcini@envestnet.com
Andrew Jennings | JConnelly for
Envestnet
envestnetpr@jconnelly.com
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SOURCE Envestnet, Inc.