BERWYN, PA — Envestnet has revealed an ambitious roadmap for platform improvements designed to help wealth management firms scale operations and deliver personalized financial advice with unprecedented efficiency. The strategy, covering developments for 2025 and 2026, spotlights Envestnet’s effort to transform wealth management through advancements in tax-aware trading, advisor productivity, and client engagement tools.
“No one has ever built what Envestnet has—we support $6.5 trillion in assets across 20 million accounts,” said Chris Todd, CEO of Envestnet. “We have the infrastructure to continue developing the products and solutions advisors need to adapt quickly and provide greater value to their clients.”
The announcement came during the company’s Elevate 2025 event in Las Vegas, which brought together over 2,000 professionals, including financial advisors, Registered Investment Advisors (RIAs), and fintech innovators. The two-day event highlighted the potential of Envestnet’s platform to drive growth, improve efficiency, and support better outcomes for both advisors and their clients.
Key developments include enhancements in tax-smart trading with precise tools like customizable tax-loss harvesting and unified managed account flexibility, which streamline operations and enable deeper portfolio personalization. Additionally, upgrades to Tamarac’s workflows and integrations, new client reporting capabilities, and an enriched client portal are set to improve advisor productivity and engagement.
“At a time when advisors are being asked to serve more clients and deliver deeper, insight-driven value, our platform is stepping up to meet that challenge,” said Molly Weiss, Group President of Wealth Management Platform for Envestnet. “We’re building tools to make personalized and tax-smart advice scalable.”
Envestnet is also bolstering its open architecture through Open ENV with expanded API integrations, deepened partnerships with major custodians, and flexible technology stacks that adapt to firms’ unique needs. Other improvements include real-time data architecture, streamlined trading workflows, and expanded advisor resources to reduce friction and enhance operational scalability.
These innovations not only position Envestnet as a continued leader in wealth management technology but also reinforce its mission to empower financial advisors with solutions that create tangible value for clients.
“Whether you’re managing thousands of advisors as an enterprise firm or scaling smarter as an independent RIA, Envestnet is here to support your success,” added Weiss.
With these advancements, Envestnet aims to deliver the tools advisors need to scale their businesses efficiently, meet the rising demands of clients, and remain competitive in an evolving financial landscape.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.