Envestnet Wealth Management Platform

Key features

• End‑to‑end wealth management platform that acts as a “plan‑to‑execution” application, giving advisors a single access point from planning and proposal through account opening and ongoing review.
• RIA‑focused suite that includes planning, trading, reporting, proposal tools, CRM, client portal and billing in one configurable platform to streamline the full wealth management process.
• Unified Managed Account (UMA) capabilities that let RIAs consolidate SMAs and UMAs, build proposals with custom models, run comprehensive portfolio construction, and manage individual sleeves within a UMA for personalization at scale.
• Envestnet | Tamarac modules: Trading for model management, account monitoring, trading, balancing and reconciliation; Reporting for portfolio analysis, flexible client reporting and billing; plus tight integration with Envestnet’s managed account and research portal.
• Comprehensive billing stack: core platform billing with configurable billing levels and modes (advance/arrears), flexible cycles and flat/linear/tiered schedules; BillFin cloud billing for RIAs with AUM‑based fee calculation, CSV/Excel custodian files, customizable invoices, reminders/alerts, proration, reporting/analytics and fee‑splitting; and Payments for subscription, hourly and retainer fee‑for‑service billing with ACH/credit‑card collection and an advisor revenue dashboard.
• Global, multi‑currency fee management for asset managers, allowing firms to manage assets in one currency, calculate fees in another, bill clients in a third, and post GL entries in a fourth, supporting worldwide revenue operations.
• Risk and analytics tools inside the proposal workflow, including a Risk tab with efficient frontier views, Monte Carlo simulations and product correlation analysis, complemented by portfolio analytics and third‑party integrations that support stress testing against multiple market scenarios.
• Client and advisor portals providing web and mobile access to account information and reports; Envestnet highlights an enhanced client portal and mobile/tablet experience as part of its next‑generation platform.
• Developer ecosystem with 1000+ API endpoints and tens of millions of monthly API calls across wealth, planning and data products, plus Envestnet | Yodlee’s unified APIs and webhooks for account aggregation, balances, transactions and open‑banking consent events.
• Enterprise security posture featuring SOC 2 Type II audits and a Trust Center describing cybersecurity controls and encryption, alongside MoneyGuide documentation noting SOC 2 Type II‑audited data centers; SSO for advisors, home office users, money managers and clients is provided via IDP‑initiated SAML2, with significant daily SSO and API authentication volumes.
• Householding and complex billing groups, including aggregate billing and householding/billing groups for wealth managers, RIAs and broker‑dealers, plus off‑platform billing options that complement the core wealth platform.
• Data & Analytics offerings such as the Bank Data Platform and Wealth Data Platform/Insights Engine, which leverage aggregated financial data and analytics to surface next‑best‑action insights and support growth for banks, broker‑dealers, RIAs and fintechs.

FAQ