{"id":653542,"date":"2026-05-20T02:12:09","date_gmt":"2026-05-20T02:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/653542\/"},"modified":"2026-05-20T02:12:09","modified_gmt":"2026-05-20T02:12:09","slug":"envestnet-to-launch-platform-aimed-at-speeding-client-prep","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/653542\/","title":{"rendered":"Envestnet To Launch Platform Aimed at Speeding Client Prep"},"content":{"rendered":"

Envestnet is preparing to launch a new artificial-intelligence-driven platform to help speed client preparation and presentation for advisors, the wealth technology firm announced at the start of its annual conference in Phoenix on Tuesday.<\/p>\n

The Berwyn, Pa.-based firm has been beta-testing an advancement to Report Studio on its Tamarac platform that leverages AI to help an advisor cut down on client meeting preparation time, while also providing a ready-made \u201cstory\u201d to discuss.<\/p>\n

\u201cReport Studio is the new age of reporting at Envestnet,\u201d Ryan Bamert, principal director, product management for Tamarac, said during the opening session of the conference. \u201cYou have full drag and drop control over every element in your report\u2014tables, charts, KPI modules \u2026 it\u2019s one code path to build a report once and decide at the end how you want to deliver it\u2014interactive HTML or professional PDF.\u201d<\/p>\n

The tool is one element of the firm\u2019s planned $1 billion in spending<\/a> over the next five years, announced last year under CEO Chris Todd, who took over at the start of 2025<\/a>. Todd hinted in his opening remarks that the firm may exceed that spending plan, while also highlighting the revamped leadership team that has led the firm to a record $7.8 trillion in platform assets as of the most recent check.<\/p>\n

Related:bQuest Launches Aging-Care Lead Generation Tool<\/a><\/p>\n

While Envestnet is a legacy player in the wealth technology space, it is competing against rival Orion, which has also been focused on AI integration<\/a>, more budget-friendly Advyzon, and RIAs choosing to build their own wealth technology platforms via \u00e0 la carte options.<\/p>\n

On stage at the conference, various Envestnet department heads highlighted product enhancements and offerings that streamlined workflows and expanded advisor choice across investments and services, such as tax strategies and financial planning.<\/p>\n

Bamert said the goal of Report Studio was to address the \u201cbroken\u201d system advisors have in preparing for client meetings, which includes \u201cbouncing between reports\u201d and \u201cmanually stitching together to create a personalized story.\u201d He estimated that the new tool could cut meeting preparation time from 30 to 60 minutes to about five.<\/p>\n

Bamert also said the platform was designed for home-office support staff to speed up processes such as client onboarding.<\/p>\n

Todd said AI was speeding up one crucial area for the firm: helping integrate its various platforms so advisors have fewer \u201cswivel-chair\u201d actions in their workflows, a long-running issue for Envestnet and other wealth technology providers.<\/p>\n

\u201cThis is an area where artificial intelligence is making this work faster and wildly more effective than it ever would have been in the past,\u201d he said. \u201cThis issue of integration, had we addressed it five years ago, eight years ago, 10 years ago, would have been more difficult and complicated than it\u2019s going to be today, and we\u2019re excited by what we\u2019re going to be able to do to provide a more integrated solution to you in the months and quarters and years ahead.\u201d<\/p>\n

Related:Nitrogen Launches Tool for Advisors to Capture Wealth Transfer Beneficiaries<\/a><\/p>\n

Dave Lieberman, principal director of product management, told the audience about another new AI Insights prompt. The platform uses a single screen for advisors to ask questions about their business or a client using conversational language.<\/p>\n

Lieberman showed the prompt page with a single question: \u201cHow can I help you today?\u201d Below were some sample responses, such as \u201cShow me insights regarding my book of business,\u201d or \u201cHow many open proposals do I have?\u201d<\/p>\n

\u201cThe system pulls together live data across the entire practice,\u201d Lieberman said. \u201cThis isn\u2019t a canned report \u2026 the system is synthesizing information from multiple data sources\u2014 everything we effectively have at our disposal.\u201d\u00a0<\/p>\n

The AI tool will also dig into specific client account questions, with a final core feature being the completion of service tasks for the advisor. He gave the example of an advisor withdrawing $50,000 for a client.<\/p>\n

Related:VestGen Wealth Partners: A Tech Stack Designed for Planning, Efficiency<\/a><\/p>\n

\u201cFrom identifying the opportunity to submitting the request and logging the service request in under three minutes,\u201d he said.\u00a0<\/p>\n

Executives also spoke to advancements in investment options for advisors, with Todd noting that it was putting particular emphasis on advancing its alternative investment options for advisors.<\/p>\n

Earlier this year, the firm introduced the ability to manage interval funds within its Unified Managed Account platform<\/a>.\u00a0<\/p>\n

\u201cThere is a lot more to come in the months and years ahead on this alternatives story for Envestnet,\u201d Todd said. \u201cWe are sensitive to the educational journey we all need to go on as well … these are instruments that we need to make sure that we understand, that your clients understand, and that we are putting people in the right things at the right time.\u201d<\/p>\n

Envestnet was taken private in 2024 by majority owner Bain Capital<\/a>, along with other investors including Reverence Capital, BlackRock, Fidelity Investments, Franklin Templeton\u00a0and State Street Global.<\/p>\n","protected":false},"excerpt":{"rendered":"Envestnet is preparing to launch a new artificial-intelligence-driven platform to help speed client preparation and presentation for advisors,…\n","protected":false},"author":2,"featured_media":653543,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530],"class_list":["post-653542","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/653542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=653542"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/653542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/653543"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=653542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=653542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=653542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}