Securities America’s advisers will be able to leverage the Envestnet Retirement Solutions (ERS) platform to more effectively and efficiently meet the needs of retirement plan sponsors, the firms note.
“ERS will transform our advisers’ practices by providing them with a single, integrated platform to access retirement plan services and solutions,” explains Paul Lofties, senior vice president of wealth management and product strategy for Securities America. “In addition, ERS’s powerful data aggregation, reporting and monitoring capabilities will help our advisers remain compliant in today’s fiduciary-centered environment.”
Under the partnership, ERS will provide Securities America advisers with access to fiduciary, asset management, fee disclosure and managed account services for retirement plans from one unified platform. Securities America’s advisers can also leverage ERS’s model management and 408(b)2 services, the firms explain, and they can create customized client-facing reports using the ERS system.
Babu Sivadasan, group president at ERS, says his firm’s data aggregation capabilities will enable Securities America to build a complete, auditable reporting system that tracks and manages advisers’ retirement plan business while also delivering enhanced transparency.