RICHMOND, Va., April 20, 2021 /PRNewswire/ -- Envestnet |
MoneyGuide today announced a partnership with Oyster Consulting to
offer paraplanning services to mutual clients. The collaboration
aims to empower more financial advisors to cost-effectively
initiate, scale and deepen financial planning relationships with
clients.
"More than ever, clients are leaning on advisors to provide
peace of mind and holistic advice in addition to portfolio
strategies," said Tony Leal,
President of Envestnet | MoneyGuide. "For advisors who already
offer financial planning services, the financial plan proves its
value again and again during these types of conversations. Our
partnership with Oyster Consulting can enable more firms –
especially those that haven't traditionally offered planning,
and/or those that worried about the time it may take for their
advisors to create plans themselves – to offer end-investor clients
the financial plan they deserve in the most cost-effective
way."
The partnership with Oyster Consulting, a firm that offers
clients comprehensive consulting, outsourcing and software
solutions, further supports MoneyGuide's mission to provide quality
financial plans to everyone. A recent study by Kehrer Bielan found that household planning
penetration increased nearly 60% for firms that offered a hybrid
approach of supplementing advisors with a centralized planning
team.
"Oyster's Consultants are knowledgeable professionals; and
thanks to this collaboration, our paraplanners are certified on
MoneyGuide's innovative financial planning tools and solutions,"
said Buddy Doyle, Founding
Principal, CEO and Managing Director of Oyster Consulting.
"Oyster Consulting was founded to help our clients achieve their
best outcomes. A solid understanding of a client with a good plan
to turn goals into reality is the best way to be successful. Now,
our MoneyGuide-trained paraplanners can deliver financial planning
support that helps our clients offer that same approach to their
own clients as well."
Ahead of the launch of this first-time offering of its kind,
Oyster paraplanners attended MoneyGuide's Foundational Bootcamp and
underwent further, extensive training on MoneyGuide's financial
planning tools. Once paraplanners complete the training, they will
collaborate with advisors in a non-client facing capacity, helping
them to complete and best optimize MoneyGuide's financial plan for
individual clients from within the software.
For more information on the new MoneyGuide/Oyster paraplanning
services offering, interested parties can visit www.oysterllc.com
or www.moneyguidepro.com.
About Oyster Consulting
Oyster provides consulting,
outsourcing and software to financial services firms. Our products
and services are delivered by experienced industry practitioners to
add more value to your organization. Our focus on client experience
and developing long-term relationships is driven by our belief that
value creation happens best when there is a deep understanding of
the goals and culture of an organization. For more information on
Oyster Consulting, please visit www.oysterllc.com and follow
us on LinkedIn.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is
transforming the way financial advice and wellness are delivered.
Our mission is to empower advisors and financial service providers
with innovative technology, solutions, and intelligence to make
financial wellness a reality for everyone. Over 106,000 advisors
and more than 5,100 companies including: 17 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 | MoneyGuide, please
visit www.moneyguidepro.com and follow us on Twitter
at @ENVMoneyGuide or LinkedIn.
Oyster Consulting and Envestnet are separate and unaffiliated
firms. This press release should not be construed as a
recommendation or endorsement of any particular product, service,
or firm.
Media Contact:
Dana
Taormina
JConnelly for Envestnet
973.647.4626
envestnetpr@jconnelly.com
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SOURCE Envestnet | MoneyGuide