Envestnet's comprehensive Fiduciary Rule compliance solutions include the following:

• Best Interest Assessment: Determining the client's best interest requires a comprehensive understanding of a client's financial situation and objectives.  Envestnet delivers integrated client-permissioned account aggregation to support "knowing your client" and accelerate the on-boarding process.  The Fiduciary Rule solutions also integrate with the leading financial planning providers.
• Product Shelf Development: Investment Consultants from Envestnet | PMC provide chief investment officer (CIO) support and investment consulting services to enterprises and advisors to develop compliant investment portfolios and programs.
• Account Documents and Disclosures: Enhancements to Envestnet's new account and proposal technology will enable firms to meet the Fiduciary Rule requirements for account documentation and disclosures. These enhancements include:
  • Best Interest Contract Provisions and Disclosures
  • Investment Product and Program Expense Analysis
  • Fee Rationalization Illustrations
  • New Account Documentation and Retention
• Enterprise Business Intelligence Solutions: Envestnet's Vantage enterprise-level data aggregation solutions, combined with the data analytics and visualization capabilities of the Envestnet Intelligence platform, will deliver efficient and timely visibility into all of the investment products in service at an enterprise.  This visibility is critical to help bring legacy assets into compliance with the Fiduciary Rule as well as provide ongoing monitoring and surveillance.

"We are building on a long history of empowering a fiduciary standard with integrated solutions—including financial planning and data aggregation—that enable advisors and enterprises to deliver advice that is in the best interest of investors," saidJames Lumberg, Executive Vice President of Envestnet. "These latest enhancements to our platform and service offering help advisors and enterprises spend more time servicing clients and delivering better outcomes, with the added peace of mind that they are in compliance with changing regulations."  

Envestnet has made significant investments in resources and dedicated teams focused on providing advisors and enterprises with the tools they need to remain in compliance when the Fiduciary Rule goes into effect, including:

• Thought Leadership: Delivering guidance and insights that help advisors and enterprises implement the Fiduciary Rule provisions.
• Platform Enhancements: Providing state-of-the-art tools that enable advisors and enterprises to stay competitive and compliant.
• Collaboration: Working closely with advisors and enterprises to provide the practice management support they need to remain in compliance with evolving regulations.