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In|Vest 2018 brings together the entire wealth management industry – leaders in retail financial services, advisors and investors, insurers and asset managers, solution providers and consultants. Held in New York July 10-11, In|Vest facilitates honest discussion of the most important issues confronting the wealth management industry as digital transformation meets the reality of market execution.
Asset management models aimed at helping advisors outsource their clients’ investment strategies have only just begun to scratch the surface of their potential, according to Estee Jimerson, Envestnet’s head of asset manager distribution and engagement.
“I think we are in the early, early days of this,” Jimerson says. “Broker-dealers are still sitting on tons of commission business, right? So that commission business has to convert over to advisory business and that advisor, rep-as-PM will transfer over to fully outsourced models.”