BERWYN, PA — Envestnet expanded benchmarking, portfolio monitoring and asset-manager intelligence in its third technology release of 2026 as use of its Wealth Data Platform continued to accelerate, with users up 82% and participating firms up 31% from a year earlier as of Aug. 1.
Page views for the Wealth Data Platform increased 102% over the same period, according to the company.
The R3 2026 release replaces static peer-average benchmarking with comparisons that can account for business characteristics, geography and advisor behavior. The changes are intended to give wealth-management firms more specific reference points for evaluating performance.
Envestnet added benchmarking across U.S. and Canadian advisor populations along with quartile, median and risk-bucket performance views. Home-office users can also analyze top- and bottom-performing advisor segments.
“For years, benchmarking meant comparing a firm or advisor to a static, one-size-fits-all average that didn’t reflect the realities of their business,” Chief Executive Officer Chris Todd stated. The new approach allows firms to evaluate results “by segment, by geography, by advisor behavior.”
The release also expands filtering within Envestnet Insights, allowing firms to examine data by branch, region and territory. Resizable panels and navigation changes are designed to make comparisons across organizational structures easier.
Envestnet added two portfolio-monitoring tools aimed at identifying advisor-managed accounts that may warrant review.
One identifies accounts with heavy allocations to mutual funds and exchange-traded funds that are underperforming peers with similar risk profiles. The other flags accounts in which no discretionary buy or sell transaction has occurred for at least 12 months.
The tools are designed to surface potentially inactive or underperforming portfolios rather than require advisors to identify those accounts manually.
“Whether it’s a portfolio that looks passive despite being actively managed, or an account that hasn’t seen a trade in over a year, we want advisors spending their time on the relationships and portfolios that need it most,” stated Dave Lieberman, principal director of product for Wealth Data Solutions.
Envestnet is also laying the technical foundation for reports to be viewed directly within its platform rather than through separate exports. Additional embedded-reporting capabilities are expected over coming quarters.
For asset managers, the release adds predictive tools intended to identify advisors more likely to generate flows into personalized high-net-worth products and alternative investments. Advisor-level opportunity grids provide additional visibility into those model-driven recommendations, while expanded segmentation is intended to support broader distribution strategies.
The changes build on Envestnet’s advisor-decisioning strategy introduced earlier in 2026 and extend the company’s use of portfolio and advisor data across both wealth-management and asset-management workflows.
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