Envestnet Boosts CRM Capabilities With New Integrations

Eliane Chavagnon Reporter 15 November 2012

Envestnet Boosts CRM Capabilities With New Integrations

New York-listed Envestnet, a provider of technology-enabled wealth management solutions, has linked up with Schwab Intelligent Technologies to provide an integrated data and reporting solution for advisors using Schwab OpenView GateWay and Envestnet's Advisor Xi Suite.

Advisors will have access to real time custodial data from Tamarac's performance reporting and billing application, Advisor View, as well as Advisor CRM - its client relationship management system. Seattle, WA-based Tamarac is a provider of portfolio management technology for RIAs which was acquired by Envestent in May of this year.

Stuart DePina, group president of Envestnet, said the integtration allows advisors and their clients to spend less time searching for information, as custodial information available includes account and contact information, balance data, alerts, and reports such as statements, tax documents and trade confirmations.

In a separate move, Envestnet is also joining forces with Junxure Cloud, the upcoming web-based CRM program for financial advisors, effective as of the official launch of the latter firm - expected in the first quarter of 2013.

With this integration, Junxure clients will have direct access to the Envestnet Advisor Suite portfolio management platform, which combines portfolio management with client record-keeping and workflow management.

Junxure was established in 2001 by Ken Golding and Greg Friedman. As well as president of Junxure, Friedman is also president of Private Ocean, a wealth management firm on the West Coast.


Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes