Welcome to ENV 2 Insider, your monthly e-newsletter for quick tips on how to take advantage of your new, robust platform.

Tip of the Month

Goals-based Proposals

Need to discuss with your clients about financial plans under different scenarios? No problem. With just a couple clicks, ENV 2 gives you a streamlined way to create more holistic, goals-based proposals with greater ease and efficiency.

To add the growth target to the proposal, click on the Wrench icon and select “Set Growth Targets” during the Risk Assessment phase of the Proposal Guide. Fill out the form and save it.

Once the proposal process is completed, details from the growth target are included in the Summary overview and a Monte Carlo simulation is available in the proposal document for assessment.

Feature Spotlight

Fidelity Charitable DAF Proposal

Fidelity Charitable® is an independent 501(c)(3) public charity, established in 1991 with the mission to further the American tradition of philanthropy by providing programs that make charitable giving simple and effective. The Fidelity Charitable Donor Advised Fund is a feature available on ENV 2 that helps clients achieve their charitable goals. It is only available through the Fidelity NFS custodian. The benefits of the fund include:

• Eliminate capital gains taxes by contributing long-term appreciated assets
• Make a tax-deductible charitable contribution
• Support multiple charitable causes with a single donation
• Frontload and support charities over time
• Potential for assets to grow tax free
• Simplify recordkeeping

To open an account, follow the streamlined process via the Proposal Guide. From Proposal List, click the ‘+’ symbol to Start New Proposal for a new or existing client. On the ‘Create Proposal’ pop-up, select Fidelity Charitable DAF Proposal.

On the Strategy Properties page, list the giving account name, donor, and successor(s). A new disclaimer is placed to the Risk Assessment task to highlight that the clients’ assets are an irrevocable contribution once moved to the Fidelity Charitable Fund. The proposal workflow will display the Fidelity Charitable Admin Fee to advisors and sponsors.

After a Fidelity Charitable DAF proposal is completed, the account opening process continues through an Approve DAF Proposal service request where the advisor/home office and Fidelity Charitable must upload and approve the paperwork.

Once the paperwork is in good order, the Open Registration SR is initiated, wherein the sponsor/advisor will be able to open a Giving Account at Fidelity Charitable and apply it to the SR by way of the Add Giving Account task.  After the giving account is linked, the assets are able to be invested.

The information and analysis expressed herein is for general and educational purposes only and is not intended to constitute legal, tax, securities, or investment advice. The graphical illustrations contained herein do not represent any client information or actual investments. The information provided is based on currently available information as of the date of this writing and may be subject to change at any time without prior notice. Envestnet makes no representation that the information provided is accurate, reliable or error-free. Envestnet reserves the right to add to, change, or eliminate any of the services listed herein without notice.

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