“Many independent broker/dealers are hindered by outdated technology,” said James Lumberg, co-founder and managing director of Envestnet. “Through Envestnet’s platform, SIS is able to give their 300 advisers access to a sophisticated wealth management apparatus. By adding aggregated reporting to the mix—which provides an overall view of a client’s wealth and allows the adviser to create a holistic financial plan—SIS has empowered their advisers to offer advice that conforms to current best practices.”
Advisers can tailor the end-to-end platform to serve clients of all asset sizes, Envestnet said. The platform is a “scalable, streamlined and integrated solution, empowering them to improve client outcomes and strengthen their practices,” Envestnet said.