ENVESTNET UNVEILS NEW TECHNOLOGY FOR RIAS AT FUTURE PROOF 2024

Core Insights - Envestnet is enhancing its wealth management platform for Registered Investment Advisors (RIAs) with new features aimed at streamlining workflows and improving client engagement [3][4][5] Group 1: New Features and Capabilities - The new Order Blotter Tool simplifies fixed-income trade management, providing centralized oversight and automated reconciliation, addressing a major pain point for advisors [5] - The updated Client Portal consolidates client accounts into a user-friendly interface, available on mobile devices, allowing advisors to manage assets and track goals efficiently [9] - Envestnet RIA Trading is now available as a standalone product, integrating seamlessly with Envestnet Managed Accounts, enabling better management of UMA sleeve allocations [7] Group 2: Market Position and Usage - Envestnet's RIA platform is utilized by over 2,700 independent RIA firms managing more than $1.9 trillion in assets, and it has been ranked No. 1 for Trading/Rebalancing Tools in the 2024 T3/Inside Information Advisor Survey [6] - The RIA Marketplace, launching on October 1, will provide access to fund strategist portfolios managed by reputable asset managers without a platform fee, enhancing advisors' ability to deliver solutions at scale [10] Group 3: Strategic Focus and Industry Impact - Envestnet aims to support the growth and productivity of RIAs through its technology solutions, focusing on optimizing advisor workflows to allow more time for client relationships [4] - The company has been serving the wealth management industry for 25 years, with over $6.2 trillion in platform assets, indicating a strong market presence and commitment to innovation [14]