BERWYN, PA — Envestnet has unveiled a five-year strategic plan backed by a $1 billion investment in research and development aimed at reshaping how financial advisors serve clients and manage their businesses. The company announced the initiative during last week’s Future Proof Festival.
The plan emphasizes creating a unified wealth management platform that integrates trading, reporting, portfolio management, financial planning, and client engagement tools into a single system. Envestnet said the goal is to simplify advisor workflows, reduce reliance on fragmented legacy systems, and expand capabilities to meet the growing needs of high-net-worth (HNW) investors.
“This moment marks a redefinition of who we are — and where we’re going,” said Chris Todd, Chief Executive Officer of Envestnet.
The roadmap highlights several priorities: upgrading its Unified Managed Account (UMA) infrastructure, offering more flexible household modeling, expanding access to alternative investments, and improving digital experiences for both advisors and clients. The company also plans to use artificial intelligence to enhance decision-making, analytics, and reporting.
Envestnet said the focus on alternative investments reflects changing investor demand, noting HNW clients are increasingly allocating a larger share of portfolios to private markets, structured products, and other non-traditional assets. Enhancements to reporting and integration with leading alternative platforms are scheduled through 2026.
The strategy comes on the heels of Envestnet’s acquisition by Bain Capital, which the company said will accelerate its ability to modernize and deliver innovation at scale.
“Clients are expecting more from advisors than ever before,” said Molly Weiss, Group President of Wealth Management Platform. “Our decades of experience, combined with a unified strategic roadmap, ensure advisors have fully configurable tools that unlock growth today while building the smarter, more connected financial future they and their clients deserve.”
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