Envestnet Offers Enhanced Wealth Reporting Tools
November 23, 2008
Envestnet Asset Management, a Chicago-based provider of managed account services, is offering enhanced reporting tools that will allow managers to give their clients a comprehensive, personalized view of their total invested wealth.
With the enhancements, wealth managers can report on assets held at multiple custodians, access partnership accounting tools and create customized online and printed reports for specific points of view that are based on daily updated and fully reconciled investment account data.
“With these key enhancements, the wealth manager is now equipped to effectively manage family office investments through a single, unified platform,” said Andrew Rose, senior vice president for Envestnet. “Adding these specific reporting capabilities allows us to service effectively a whole new market segment.”
This means that the family wealth manager—situated in independent RIAs, single and multi-family offices, brokerage firms, banks and trust financial companies—can integrate investment management with other financial services, including financial planning, philanthropy, tax planning, bill payment and other business.
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