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Earlier than you understand it,
Which means advisors seeking to
This week, wealthtech firm Envestnet launched new analysis from its market intelligence group to determine the numerous developments
“We sit at a novel vantage level for the 107,000 advisors who make the most of our platform — purchasers that comprise each conceivable enterprise mannequin — every providing distinctive insights that drive innovation and enhancements to the Envestnet ecosystem,” Wealthy Aneser, chief technique officer for Envestnet, mentioned in an announcement. “We use the insights and enhancements to assist wealth managers and our companions develop their enterprise and ship highly effective, linked recommendation for his or her purchasers.”
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Chris Shutler, head of strategic improvement and market intelligence for Envestnet, mentioned the wealth administration market has lengthy confronted challenges with fragmented know-how and inefficient workflows.
The brand new research reveals that corporations are actually taking lively steps to place these struggles to relaxation.
“Our analysis highlights key developments reminiscent of trade and tech stack consolidation and convergence, the shift towards extra full monetary life administration, the expansion alternative for advisors providing retirement plans and leveraging knowledge and AI to supply customized providers,” he mentioned. “To not solely enhance service supply but additionally keep aggressive, it is essential for corporations and advisors to maintain tempo with these developments, addressing challenges by way of a holistic, built-in platform.”
Scroll all the way down to see a number of the key takeaways from the evaluation and the 5 developments anticipated to play a significant function in wealth administration subsequent yr.
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