Envestnet Partners with Door to Digitize & Optimize Exchange of Information in the Due Diligence Process

Envestnet

BERWYN, PA — Envestnet recently announced a partnership with Door, a leading global digital due diligence and risk management platform, to streamline and optimize its research on asset managers and their investment strategies across the Envestnet ecosystem, and the industry.

Historically, research analysts have used the same common information from investment managers during the due diligence process, with information typically gathered using Microsoft Word and Excel documents exchanged over email. The lack of a centralized source of information and notifications has made it cumbersome to manage due diligence questionnaires in many varied formats, and identify and monitor critical metrics.

The partnership between Envestnet and Door will help solve these inefficiencies by digitizing the due diligence experience, and enabling Envestnet | PMC manager research teams to benefit from:

  • Digital Due Diligence Questionnaires, customized to meet Envestnet’s process that simplify the management of due diligence requests by reducing redundant content preparation, speeding up response times, and improving risk controls.
  • Real-time updates on criteria such as investment risk, governance, sustainability, and diversity, equity, and inclusion, which can help research teams better manage risk and analyze asset managers and strategies.
  • Door’s content database, which easily integrates with other research tools and makes it easy to edit documents and process and archive information.
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“We consistently seek innovative technology partners that streamline more aspects of wealth management and financial planning,” said Dana D’Auria, Co-Chief Investment Officer of Envestnet. “By standardizing the majority of the information that asset managers and research analysts need to exchange during due diligence, Door can help us and our industry peers enable advisors and their end clients to make well-informed investment decisions—and facilitate stronger engagement between asset managers and the analysts, advisors, and investors who evaluate their strategies.”

More than 400 manager research firms and asset managers from over 39 countries are represented on the Door platform.

“We are delighted that Envestnet is joining its global peers to help drive the long overdue digital transformation of due diligence,” said Roland Meerdter, CEO and Co-Founder of Door. “Door’s global scale and coverage provides a unique opportunity to asset managers, regardless of size, to access the due diligence teams of the most prominent local, regional, and global wealth managers.”

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