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This latest article in Family Wealth Report discusses the future of Envestnet. It's worth a read!

Farther Secures $72M Series C to Expand Advisor Network and Enhance Platform Learn more & get our take 👇 https://lnkd.in/gqc9kiEc "Removing operational and administrative hurdles creates growth opportunities for our advisors, and they can offer a superior experience to even more clients." — Taylor Matthews, CEO and Co-founder at Farther "We were drawn to Farther both for its strong leadership team and for its unique business model which pairs world-class, proprietary technology with human expertise." — Jesse Wedler, General Partner at CapitalG "Attracting the best advisors to a tech-enabled platform like Farther's leads to accelerating advantage and, ultimately, industry dominance." — Drew Aldrich, Managing Partner at Viewpoint Ventures #SoFNews

In an article published today, Vestmark CEO Karl Roessner and CRO Ananya Balaram spoke with Julius Buchanan of Wealth Solutions Report about their ambitious roadmap of advisor-focused solutions. Their vision builds on Vestmark's proven enterprise technology, focusing on:  • Enhanced proposal generation system • Advanced household rebalancing capabilities with tax optimization • Exploration of agentic AI to enhance advisor productivity • Continued innovation in alternatives management within UMA structures Under Karl's leadership, Vestmark continues to strengthen its executive team, welcoming industry veterans including Corey Fiedler (EVP, Head of Products), Steve Gottschalk (VP, Head of Marketing), and Robert Battista, CFA (SVP, Head of Advisory Solutions). Read the full interview to learn how Vestmark is transforming wealth management technology: https://lnkd.in/gPkxsYvY #Vestmark #WealthManagement #FinancialAdvisors

We’re thrilled to announce our strategic partnership with Rossby Financial to expand access to our direct indexing solutions! This collaboration brings together Alphathena’s powerful, data-driven customization capabilities with Rossby Financial’s commitment to delivering tailored investment solutions. Together, we’re creating a pathway for advisors to offer their clients highly personalized portfolios that align with their unique financial goals, values, and tax considerations. Whether you're aiming to enhance portfolio precision or seeking innovative ways to meet client needs, our combined strengths will open up new possibilities in the world of direct indexing. Learn more about how we’re working together to reshape the investment landscape: https://lnkd.in/gVghvybx #DirectIndexing #WealthManagement #FinancialPlanning #PersonalizedInvesting #Alphathena #RossbyFinancial #InnovationInFinance

Vestmark CEO, Karl Roessner, engaged in a discussion with William Hortz, Founder of the Institute for Innovation Development, to explore the evolving landscape of technology and services in the wealth management market. "We are constantly looking at our core technology to be sure we are always moving forward with the times, keeping pace with what customers need as their businesses evolve." Read the full interview: https://hubs.ly/Q02t0Rr70 #WealthManagement #FinancialTechnology

My thoughts on InvestCloud, Inc. and their reimagined strategy announcement via Brooke Southall and RIABiz.com Since Brooke reached out, I've had more opportunity to think about this and my list of questions just grows...I feel like there's something missing, another shoe to drop yet. HIghlights: * InvestCloud brought in McKinsey & Company to do a full white sheet of paper review of their strategy. * The result is a rebranding (new colors, tag line, titles) that is completely innocuous. * The highlight of the new strategy appears to be that InvestCloud believes the future is #alternativeassets as part of #SMA #modelportfolios - all of which I think are well documented industry trends, and again, on the surface seems like the flag and apple pie. * However, 4+ years post merger, the SecurityAPL trading/connectivity assets are still an integration roadmap item for the InvestCloud advisor desktop - you would think that this block and tackling would be the first priority as it would get the existing models onto the desktops of their advisor clients (walk before you run). * Implementing alts into this is a whole different animal and presumably will require significant enhancement to the APL core...do they have the resources to do that and integrate with the advisor front-end...I don't know. * How does this impact Motive Partners holding in CAIS? Will InvestCloud be competing with a sister portfolio company? Or is there a way to combine the two to achieve the vision without causing unacceptable dilution to all the existing stakeholders? Bottom line...the initial announcement is #underwhelming but my #spideysense says that there has to be something else there...watching that space.

In this recent article featuring Blue Owl Capital Co-CEO Doug Ostrover, he discusses how private markets are evolving from niche to essential for asset allocators. Explore the insights here: https://lnkd.in/gipyWCqQ

The more support an advisor receives, the more they are able to focus on what matters most — their client relationships. We are dedicated to empowering advisors to bring clients more value while strengthening our relationship with Charles Schwab. We'll be on hand at #SchwabIMPACT (Booth 701) with our Envestnet | Tamarac team to share the latest platform enhancements and explore what's on the horizon for 2025. Connect with us during the Connecting the Envestnet Ecosystem for RIAs session to learn: 🔸 How a unified technology platform can walk an advisor through all the phases of the wealth management process, including planning, proposal, digital account opening, trading, and reporting. 🔸 How to craft and execute investment strategies that align with a client's goals and aspirations. https://lnkd.in/ejmj7Rcf

As someone who has been connecting with advisors on the future of financial advising, I find this discussion incredibly relevant! The rapid advancement in technology can indeed be overwhelming, but it also presents a fantastic opportunity to enhance practices and deliver better client outcomes. Definitely worth a listen! Maximizer #financialadvising #finance #crm #wealthtech

Bain Capital and Reverence Capital Partners acquire Envestnet, Inc for $4.5 billion #Bain Capital and #Reverence Capital announce their agreement to acquire #Envestnet, a leading #fintech provider of wealth management technology and data, in a deal valued at $4.5 billion. This acquisition, supported by a consortium of minority investors including BlackRock, Fidelity Investments, Franklin Templeton Investments, and State Street Global Advisors, underscores the significant value and potential of Envestnet’s platform. Founded in 1999, Envestnet’s software and data solutions are integral to wealth managers and banks, managing over $6 trillion in assets and nearly 20 million accounts. The platform is widely used by more than 109,000 financial advisors and is trusted by 16 of the 20 largest banks in the US, as well as 48 of the 50 biggest wealth management and brokerage firms. This broad adoption highlights Envestnet’s critical role in the financial services industry. The agreement, unanimously approved by Envestnet’s board, will provide shareholders with $63.15 in cash per share, and the deal is expected to close in the fourth quarter. This strategic move is poised to enhance Envestnet’s growth trajectory and expand its innovative offerings under the new ownership structure. Phil Loughlin, partner at Bain Capital, praised Envestnet’s industry-leading platform and its deeply connected ecosystem. He emphasized the importance of Envestnet’s technology and data capabilities in powering the businesses of major wealth management firms, registered investment advisors (RIAs), and broker-dealers. Marvin L., also a partner at Bain Capital, expressed enthusiasm about collaborating with Envestnet’s experienced leadership team to support their growth strategy. This includes both organic growth and strategic acquisitions, with plans to make further investments in Envestnet’s unique product offerings to deliver enhanced value to customers and partners. The article on Finextra in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW