Three tech firms to launch new tool for advisors

By Staff | May 26, 2020 | Last updated on May 26, 2020
1 min read
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Chicago-based wealth technology firm Envestnet Inc. has partnered with two software providers to create a new application aimed at helping advisors build stronger relationships with clients.

Developed in collaboration with Toronto-based AdvisorStream and Pennsylvania-based Apprise Labs, Envestnet Connect is designed to offer financial planning, performance reporting and relevant news to clients based on their household data, values and goals, a release said.

The platform, which also includes a financial calendar and to-do list, will offer advisors “an intuitive, customized digital interface for engaging with clients anywhere at any time,” said Edmond Walters, CEO and co-founder of Apprise Labs.

The new tool is scheduled to launch in the second half of 2020.

Earlier this month, Envestnet was part of a separate deal with Toronto-based Canaccord Genuity Group Inc. The two companies have joined forces to launch an integrated unified managed account platform (UMA) that will be available in 2021. staff


The staff of have been covering news for financial advisors since 1998.