Core Insights - Tax harvesting is expected to become the most in-demand customization feature in portfolio construction as solutions become more available [1][2] - Advisors rated tax harvesting a 3.7 out of 5 in terms of demand among portfolio construction features [2] - Other customization features include vehicle integration of ETFs (3.3), customized withdrawal plans (3.2), and managing concentrated positions (3.1) [2] Portfolio Construction Drivers - The primary drivers for portfolio construction decisions among advisors are maximizing risk-adjusted returns (44%), maximizing diversification and asset class coverage (41%), and creating long-term wealth growth (39%) [3] - For Registered Investment Advisors (RIAs), changes in clients' goals/risk profiles (89%) and liquidity needs/life events (86%) are the most important drivers for portfolio allocation changes [4] Advisor Relationships with Asset Managers - A significant majority of advisors (85%) collaborate with multiple fund managers for portfolio construction advice, with RIAs at 76%, wirehouse advisors at 88%, and independent broker/dealers at 91% [5] - Advisors prioritize risk analysis (55%) and portfolio optimization (53%) when seeking portfolio construction services from asset managers [6] - Over 60% of advisors rated the importance of meeting with an investment specialist as 3.7 out of 5 [6]

Enables Advisors to Meet Growing Demands for Portfolio Customization at Scale BERWYN, Pa. and LAS VEGAS, April 9, 2025 /PRNewswire/ -- Today, Envestnet announced at its Elevate conference in Las Vegas that it has gone live with BlackRock (NYSE: BLK) custom model portfolios for registered investment advisors (RIAs). The new offering provides RIAs with streamlined access to BlackRock's custom model capabilities, managed within a single account and powered by Envestnet's UMA technology. In addition to traditio ...