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HD Vest Empowers Advisors with Envestnet's Tech SolutionsCHICAGO and IRVING, Texas, Sept. 13, 2018 /PRNewswire/ -- HD Vest, the pioneer of Tax Smart Investing and a wholly owned subsidiary of Blucora, Inc. (NASDAQ: BCOR), has partnered with Envestnet, Inc. (NYSE: ENV) to expand the suite of progressive technology solutions that its independent advisors can utilize to manage and grow their practices. "As the industry continues to evolve, our solutions and services can be personalized to help advisors of any practice size meet the needs of their clients," said John Yackel, Executive Managing Director and Head of Institutional Business Development at Envestnet. "By working with HD Vest and its advisor partners to help them optimize their practice operations, we can empower them with the tools to strengthen client outcomes as well as meet their business goals." HD Vest provides comprehensive financial services solutions and other support to a network of independent advisors. Independent professionals who are part of the HD Vest network can now access Envestnet's tools for model management, proposal generation, unified managed accounts (UMAs), overlay models, and online reporting, as well as investment policy rules allowing investment advisor representatives to see if the current allocations in client accounts are within risk parameters, through HD Vest's platform. "Our mission is to give independent advisors a holistic view of each client's overall financial picture, which is enhanced by Tax Smart Investing insights—a key industry differentiator," said Bob Oros, CEO of HD Vest Financial Services. "Envestnet's solutions are the latest additions to our ecosystem of the best technology and tools from across the industry, which advisors can use to start more holistic financial services conversations with clients." Several Envestnet solutions have been customized and branded for HD Vest-affiliated advisors. They include:
In addition, HD Vest advisors serving retirement plan sponsors can now access the Compliance Advantage™ platform from Envestnet | Retirement Solutions (ERS), a maority-owned subsidiary of Envestnet, for aggregating and consolidating data through the HD Vest product suite. The ERS Compliance Advantage solution will enable home office and advisors in the HD Vest network to streamline the aggregation of plan data, and view this information in one centralized location. The consolidated plan-level data can provide advisors with insights and intelligence that help them better manage their retirement businesses. For more information about the ERS Compliance Advantage platform, please visit: About Envestnet Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation, and fiduciary and managed account solutions. More than 88,000 advisors and more than 3,500 companies including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients. For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel. About HD Vest Financial Services About Blucora Media Contact: 1As of June 30, 2018 HD Vest Financial Services® is the holding company for the group of companies providing financial services under the HD Vest name. Securities offered through HD Vest Investment Services®, Member FINRA/SIPC. Advisory services offered through View original content to download multimedia:http://www.prnewswire.com/news-releases/hd-vest-empowers-advisors-with-envestnets-tech-solutions-300711878.html SOURCE HD Vest |