There is no shortage of retirement industry thought leaders among the thousands gathered in Denver this week for the Envestnet Elevate Summit 2023, which kicked off this morning and continues until a Tom Brady keynote wraps up the sessions on Thursday afternoon.
With more than 80 conference sessions, the event is designed to help financial professionals optimize their business by harnessing opportunities for hands-on learning and training, connecting with industry peers, education from top thought leaders, and information on the latest industry trends.
“To thrive in the face of unprecedented change and harness the even greater opportunities before us, we must think bigger, act smarter, and embrace innovation. The technology and solutions Envestnet develops and enhances are designed to connect every aspect of a consumers’ financial life—from the short-term financial goals and decisions they make today to their long-term dreams of tomorrow,” said Bill Crager, Co-Founder and CEO of Envestnet. “This is the future of our industry, and we believe there’s never been a more important time to spotlight how we enable advisors to bring together the disparate parts of a person’s financial life into one, connected platform to drive better financial outcomes and help people make truly informed financial decisions.”
Crager opened the event with a keynote session Wednesday exploring the concept of a holistic financial ecosystem that breaks down the siloes in which money and financial advice have traditionally existed—delving into the importance of integrating data, generating insights, and leveraging technology to offer a seamless financial management experience for clients.
Other keynotes at the conference include:
- Atomic Habits: How to Get 1% Better Every Day
New York Times bestselling author James Clear exploring how both good and bad habits are formed and how factors such as genetics, environment, and social circles can influence behavior. - Keep Climbing Higher: Elevating Your Practice in the Face of Market Headwinds
Dana D’Auria, Co-Chief Investment Officer and Group President of Envestnet, and Mark Wiedman, Head of Global Client Business at BlackRock, discuss some of the biggest trends facing the industry, where investors are headed next, and how advisors can capture more growth today. - Trends Shaping the WealthTech Industry
Dani Fava, Group Head of Product Innovation for Envestnet, explores key technology trends driven by innovation and their potential impact within the wealth management industry. The session will offer practical approaches to meeting the needs of an evolving investor base. - The Battle of the Ages: The Generational Divide and its Implications for Investors
Envestnet Chief Marketing Officer Mary Ellen Dugan and Chief Investment Strategist, US SPDR Business, State Street Global Advisors, Michael Arone examine generational gaps in financial behaviors and their ripple effects on investors—including generational investment mindsets, financial planning, outlook, savvy, and the impacts of these on wealth management and investment game plans. - Elevate Your Game: A Candid Conversation with Tom Brady on Success, Resilience, and Teamwork
A captivating session with Tom Brady, seven-time NFL champion, entrepreneur, and philanthropist, as he shares the secrets behind his unparalleled success on and off the football field. Brady will discuss his journey to become one of the greatest quarterbacks of all time and provide advice on setting goals, giving back to the community, and building a winning team culture.
Focus on personalization
Sessions throughout Elevate will focus on how asset managers, advisors, and their firms can adopt personalized strategies, including tax management capabilities, direct indexing solutions and private wealth consulting services, to better serve existing and future clients and deliver portfolios that align to their clients’ unique needs.
Agenda topics include ideas for attracting high-net-worth clients; direct indexing and the introduction of personalized index portfolios; and the combination of reporting, Unified Managed Accounts (UMA) administration, index replication and overlay to help Registered Investment Advisors (RIAs) deliver more personalized portfolios.
“It’s important we provide opportunities for advisors to personalize portfolios in a scalable way to grow their business,” said D’Auria. “The tremendous transfer of wealth we are experiencing combined with unpredictable market volatility and a rapidly evolving technology landscape have changed the game—traditional portfolio management and financial planning will not suffice.”
New partnerships unveiled
Several new strategic partnerships and integrations are being unveiled at Elevate, including Envestnet’s new partnership with Goalsetter, which helps financial advisors provide wealth-creation tools that allow families to build generational wealth while capturing generation next.
Building on its ongoing commitment to the retirement space, Envestnet is announcing a new relationship with retirement plan service provider Empower, to integrate its technologies and asset management capabilities within the Envestnet ecosystem, expanding its distribution within the retirement industry.
iCapital is announcing an integration with Envestnet that allows advisors to add fee-based structured investments into proposals, transact on those products and assess them next to more traditional asset classes.
SEE ALSO:
• Pontera Integrates its 401(k) Management Capabilities into Envestnet’s Ecosystem
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
