Envestnet has officially announced the next phase of its platform innovation strategy.
According to certain reports, the company unveiled a comprehensive roadmap for 2025 and 2026, designed to help wealth management firms enhance the delivery of financial advice, improve efficiency, and create highly personalized experiences for clients.
More on that would reveal how this particular roadmap features enhancements that span Envestnet’s enterprise platform and Envestnet | Tamarac solutions so to effectively showcase investments in tax intelligence, trading flexibility, client engagement, and advisor productivity.
Talk about Envestnet’s vision on a slightly deeper level, we begin from the prospect of tax-aware trading and rebalancing. This translates to how Envestnet will deliver more precise and proactive tax management tools to drive after-tax returns and optimize client outcomes.
The company will do so using features like “Pick Your Own Lots” harvesting, something which enables advisors to surgically select specific tax lots for harvesting.
Beyond that, it is also going to introduce harvest rebalancing to align gains and losses during reallocation, opportunistic harvesting that triggers trades when tax thresholds are met, as well as the ability to suppress wash sale triggers below a configurable dollar amount.
Next up, Envestnet will conceive advisor-traded sleeves and UMA flexibility, a goal, once achieved, will facilitate direct management of custom asset types, including individual bonds, limited partnerships, and structured notes, all done within a single account structure. Such a mechanism should dramatically cut down on the need to open multiple accounts, while simultaneously supporting broader customization without sacrificing operational efficiency.
Another detail worth a mention is rooted in the availability of Tamarac CRM, workflow, and automation enhancements. Thanks to these enhancements, users can now leverage enriched CRM features, including Microsoft integrations (e.g., OneNote, Forms, PowerBI, Bookings), along with third-party tools such as Dropbox, Calendly, and Constant Contact. Alongside that, they can also tap into Workflow templates to address everything from onboarding and compliance to death-of-client processing and birthday reminders.
Complementing that would be facility to send out alerts and track tasks, both the components embedded directly in the CRM interface with automation tools that can surface custom client preferences and key lifecycle milestones.
Then, we have next-generation reporting and insights coming into play. Deploying a new Report Studio, Envestnet will combine dynamic visualizations (line, scatter, pie charts) with attribution analytics, Envestnet | MoneyGuide financial plan data, and fields for private placements. Users can also rely upon custom metrics and flexible permissions to tailor reporting modules and save configurations.
All these innovations will work in conjunction with the Insights Engine, which applies predictive analytics to flag engagement gaps (e.g., no recent meetings or contributions), tax or product concerns (e.g., high fees, concentrated stock positions), and financial plan inconsistencies, such as underfunded insurance or missing updates.
Envestnet is also expected to introduce several client portal enhancements. For instance, the stated client portal now supports net worth views, plan summaries, realized gain/loss displays, and document upload tracking. It also provides improved benchmarking displays and deeper custodian integrations to create a seamless digital experience for clients, thus bridging the gap between performance, planning, and documentation.
Joining the mix from here would be a collection of trading and rebalancing workflows. This involves a new UI and streamlined trade review process, expanded support for money market fund management, and a rebalance summary tool to enable cash management, spreadsheet views, and account-level notes.
Hold on, there is more, considering we haven’t yet touched upon the arrival of accounting, data, and infrastructure upgrades. Basically, selective sync and MSS updates will ensure timely data refreshes, whereas on the other hand, new reconciliation tools should tread up a long distance to improve accuracy and transparency.
Envestnet’s infrastructure, now underpinned by AWS, will also support horizontal scalability and greater system resilience. Packaged along with that is a new Market Index page which guides advisors in curating benchmark selections across accounts and models, further enhancing customization.
Among other things, we ought to mention how Envestnet’s open architecture continues to expand via Open ENV, now covering over 750 RESTful API endpoints, contextual SSO, and integrations with key financial tools including eMoney, Canoe, Arch, ShareFile, Fynancial, and Milemarker.
