Envestnet Retirement Solutions’ (ERS) practice management program gives Cetera advisers access to an interactive dashboard plugged into their entire retirement plan business, according to the firms.
Jon Anderson, director of retirement plan services at Cetera, says his firm’s advisers can now use Envestnet solutions to create and manage requests for proposals, customize investment policy statements, and conduct fee benchmarking reports. They can also research plan investment options and generate investment advice via the Envestnet practice management platform.
Representing a network of independent broker/dealer firms, Cetera is the retail financial advice platform provider of RCS Capital Corporation, a full-service investment firm. The partnership with wealth management technology and services provider ERS represents a shared vision of enhancing the retirement business in which integrated technology can help enable advisers to further grow their retirement practices, according to Babu Sivadasan, ERS group president.
Sivadasan adds, “Coupled with its integrated recordkeeper and third-party manager relationships, ERS will empower Cetera’s advisers with scalable, customizable practice management technology to facilitate Cetera’s ability to provide retirement plan fiduciary services that help enhance the outcomes for both plans and participants.”