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Envestnet Unveils New Advisor Suite User Interface And Unified Managed Account Offerings At Advisor Summit
May 03, 2012 (05:05 PM EDT)
Day Two Focused on Practical Investment Strategies for Evolving Markets
CHICAGO, May 3, 2012 /PRNewswire/ -- Day Two of the "2012 Advisor Summit: Changing the Rules," hosted by Envestnet, Inc. (NYSE: ENV), a leading provider of innovative investment and practice management solutions for financial advisors, featured a presentation on new technology by Mike Apker, Envestnet Managing Director, Advisor Suite. Apker introduced the new user interface for Envestnet's Advisor suite and explained the company's new unified managed account (UMA) offering. He also addressed the integration of Tamarac and Prima Capital into Envestnet's culture and the advantages those acquisitions bring to advisors.
"Technology that provides advisors with the full spectrum of integrated software and services to advise, invest, manage and report on client portfolios is empowering, because it gives advisors the ability to focus on the most important aspect of their practice – delivering on their commitment to help clients achieve their financial goals," said Apker. "Our technology was built and refined with the advisor in mind. In that sense, it is a completely unique suite of solutions that meets the evolving needs of advisors both now and into the future."
Day two of Advisor Summit was devoted to practical investment matters, including the allocations to fixed income in a portfolio when interest rates are at such historic lows; the role of liquid alternatives in portfolio construction; ways to reach today's affluent women investors; active vs. passive investing; the continued viability of buy and hold as an investment strategy; and the growing role of social media within an advisory practice.
"The landscape for advisors has probably changed more in the last decade than in any previous decade. Many investors, understandably, are defensive and are looking to their advisors to provide new solutions," said Bill Crager, President, Envestnet, in his opening state of the industry report. "As a result, advisors need to implement increasingly complex investment strategies, as they struggle to add scale and efficiency to their practices while still trying to comply with a host of new regulatory demands."
Participants in the day's breakout sessions included executives from Envestnet|PMC, Neuberger Berman, PIMCO, Nuveen Investments, Brinker Capital, IndexIQ, Boston Advisors, Vanguard, Clark Capital Management, Lord, Abbett & Co. and CompleteAdvisors.
Lord, Abbett & Co. and Wilshire Associates are the Elite Sponsors of the 2012 Advisor Summit. Other sponsors include Brinker Capital, DANA, Lazard, Nuveen Investments, SMH Capital Advisors, Tactical Allocation Group, Vanguard and William Blair.
The three-day conference at the Westin Chicago River North continues through tomorrow.
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SOURCE Envestnet, Inc.