Envestnet Launches RIA Consultancy Group
Envestnet, a wealth management solutions provider, launched the RIA Growth Lab, an in-house consulting group for registered investment advisors, to help them expand and be more productive on its platform.
The group will give peer benchmarking and help build ways to boost overall valuation and strengthen advisors’ relationships with the technology platform.
“We are thrilled to introduce our RIA Growth Lab to the market,” said Dani Fava, group head of product innovation at Envestnet. “Our goal is to assist RIAs in optimizing their practices, delivering enhanced value to clients, and deepening their connection with Envestnet’s comprehensive ecosystem of solutions.”
The consulting services will be provided through one-on-one consultations, upcoming webinars (to be announced soon), and engagements at Envestnet’s in-person events.
Envestnet has more than $5.4 trillion in platform assets and represents more than 107,000 advisors and 500 of the largest RIAs, the company said.
The firm revealed earlier this month that CEO Bill Crager will step down at the end of March. James Fox, current chairman of Envestnet’s board of directors, will act as interim CEO.
