Envestnet has rolled out Envestnet Retirement Analytics for enterprise home offices of broker/dealers (B/Ds) to help them make strategic decisions about their books of business for employer-sponsored retirement plans.
Envestnet Retirement Analytics, a component of the Envestnet Analytics suite, applies an overlay to the data that Envestnet Retirement Solutions collects directly from 401(k) recordkeepers, fund companies, custodians and other sources.
These insights give home offices a comprehensive overview of 401(k) plan trends at the macro level, as well as at the individual plan, recordkeeper and fund family levels. Envestnet says this enables home offices to identify investment and growth opportunities for clients. In turn, this enables broker/dealers to monitor performance and risk—and strengthen their relationships with their clients.
Home offices can print recordkeeper, fund family and adviser scorecards from Envestnet Retirement Analytics.
“The combination of aggregated 401(k) data from Envestnet Retirement Solutions and the intuitive business intelligence of Envestnet Analytics is a game changer for home offices working with 401(k) plan sponsors,” says Khash Sarrafi, senior vice president of institutional sales at Envestnet Retirement Solutions. “We are providing key performance indicators on a hosted solution built by industry veterans, which enables advisers to properly leverage insights and technology for making well-informed decisions on their retirement books of business.”
Envestnet Retirement Analytics is hosting a webinar about the new offering on September 16 at 3 p.m. EDT. More information is available here.