Envestnet

Blucora’s wealth management unit is transforming while showing some impressive results. But is the firm moving too fast?

Startup or low-AUM firms have options outside of the big four.

The technology provider to financial advisers is partnering with Advisor Credit Exchange to help them connect their clients with banks and nonbanks for consumer and business loans.

About 82% of financial advisors are already using financial planning software.

The deal combines two giants: the leading financial planning provider by market share with the leading TAMP by client assets.

The transaction means the TAMP will own software that serves tens of thousands of financial advisors.

The portfolio management provider is the latest advisor tech company to mark down offerings in a bid to win long-term and lucrative RIA contracts.

Industry veterans and newcomers provide insight on the year’s leading challenges in regulations, technology and operations.

The move comes as competitors cut prices to entice RIAs to leave the platform.

The firm expects to add $10 million in revenue once the deal closes later this year.

Market skepticism is one of several hurdles for RIAs, says Walters. Compliance fears are another.

Edmond Walters' new software, backed in part by Envestnet CEO Jud Bergman, is featured exclusively on the Logix and MoneyGuidePro platforms.

The leak included information on about 12,000 advisors who are clients at LPL Financial.

The restructuring comes as a competitor enters wealth management data aggregation.

Executives are focused on fresh products, emerging technology and the increasing prominence of ESG.

Customer experience metrics at wealth management firms have remained flat for the third year in a row, researchers found.

Some worry that BlackRock products will crowd out competitors on the platform.

New platform upgrades seek to aggregate data and address client concerns.

The partnership gives the world's largest asset manager access to a “growing but fragmented” set of RIAs, says an executive.