Likelihood to Recommend It is very well suited for reviewing client proposals, model portfolios and analyzing underlying holdings within various funds and portfolios. Envestnet also creates very clean client reports that are easy to read and understand. We also like Envestnet's proposal tool and have used the various proposal functions and reports when pitching new business.
Read full review I think it is well suited for planners that are just starting out and have an appreciation for cash flow analysis for their clients. I think it is more bang for your buck in that regard. The cash flow analysis can be a helpful addition when discussing client finances because it's easy to say that goals will be reached, but it's better to describe, year by year, how a client's cash flow will look.
Read full review Pros Fund analytics. Portfolio construction. Sales and trading. Read full review User friendly Easy client access Capability to embed code into our website Customizable colors for the reports Weekly meetups to educate us more on how the platform is used Read full review Cons Online interface. Slow load up times. Clunky process of searching for funds. Read full review Customize the colors on the main platform Continue to build tutorial videos as the platform expands Allow us to manually input budget data for budget tracking purposes Read full review Alternatives Considered Envestnet’s platform is very clean and user friendly. They have continued to provide software and platform updates and are open to client feedback and critiques. The portfolio analysis tool is a lot cleaner and more professional compared to other tools like
Morningstar Direct and assetmark. Their fund universe is very extensive and with the additions of CITs we’ve been able to leverage the tool more effectively
Read full review Again, as I mentioned before, RightCapital seems to be much more user-friendly for people starting out because of how intuitive the platform is. In addition, it beats on cost and flexibility, in my opinion. I think the cost per advisor with eMoney can be around $3600, and RightCapital is half that. Now there may be services that I will need as I grow that will compel me to switch, but I am not there yet and am unwilling to lose the features that RightCapital provides.
Read full review Return on Investment Increased revenue. Increased client service metrics. Better fund analysis approach. Read full review It has been a huge closing tool for new clients when we can present current and proposed strategies. The illustration is compelling. We use the reports feature to help compose financial plans which is a service offering The Vault is used as a risk management control for legal and regulatory purposes. Read full review ScreenShots