CHICAGO, Aug. 25, 2016 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) has integrated the Envestnet | PMC Portfolio Navigator into its Advisor Suite, providing for streamlined access to its consulting and research offering, and enabling customization at the enterprise level. The tool filters more than 1,500 multi-asset class portfolio solutions, using five questions, in order to help advisors address a variety of investment needs for end investors.
This integration also makes Envestnet | PMC's capabilities available to financial advisors on a 24/7 basis, and:
- Delivers the Envestnet | PMC consulting experience to proposals of any amount.
- Enables advisors to interactively leverage Envestnet | PMC's unique research and due diligence on fund strategist portfolios (FSPs) for small to medium sized accounts and provides multi-manager account portfolio (MMAs) suggestions for proposals greater than $500,000.
- Fast-tracks the proposal process in the Research Center and Proposal Generator on the Envestnet Advisor Suite.
The simplified filtering capability provided on the platform makes it easier for advisors to select the best fit products and strategists for their clients. Enterprises will be able to customize the filtered set of portfolio solutions or can use the Envestnet | PMC consulting team to assist in the design of investment programs.
"Enterprises and advisors are under more pressure than ever to demonstrate their value and strengthen engagement with clients," said James Patrick, Executive Vice President and Head of Advisor Services at Envestnet. "Portfolio Navigator empowers a wider array of advisors to harness and customize Envestnet's portfolio management consulting resources to help their clients make investment decisions that can lead to better outcomes."
First announced at the Envestnet Advisor Summit in 2015, the Portfolio Navigator prototype has been in beta testing with some of Envestnet's largest enterprise clients, including Lincoln Financial Network: "We believe Envestnet's integration of this technology into the platform is going to significantly streamline the proposal and investment selection process for our advisors, allowing them to spend more time with prospects and clients," said Sean Meighan, AVP, Advisory Sales and Consulting at Lincoln Financial Network. This functionality is currently available to Envestnet clients following a review of their investment strategist configuration.
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.
Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practices. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software.
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 950 companies, including 11 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.
SOURCE Envestnet, Inc.