Envestnet Event Showcases How Advisors Can Harness Tech to Elevate Client Experience

Envestnet Elevate, advisors, tech

Bill Crager, Co-founder and CEO of Envestnet at the Envestnet Elevate 2023 Summit in Denver. Image courtesy of Envestnet.

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:

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

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