Proposal tool updates
A Current Account Analysis PDF is now included in our Next Generation Proposal (NGP) tool. Advisors can select “view current account analysis” to generate an analysis of existing client accounts, before selecting proposed products in the new proposal and Strategy Modification workflows. Once generated, the advisor can download the analysis as a PDF to share with your clients.
We’ve also incorporated client feedback to:
- Model Import UX Improvements—making it easier to find models to import in NGP model builder
- Improve the manual account creation experience—there is a newly added 'Holdings Summary', new visibility into ST & LT Gain/loss details, and we’ve made it easier to import and correct issues on file upload
- Create a more intuitive tax overlay workflow—a more focused path to program selections with the tax overlay feature in NGP
Client portal enhancements
With our new Branded Login Experience, we are white labeling our platform. It will provide the ability to lead with a client desired name in the URL link followed by Envestnet in the following format clientname.envestnet.com, along with firm specific logo.
Our Externalize Configuration Manager gives external users the ability to manage the configuration experience for their enterprise, firm, or branch. The CM will provide for scale and alleviates effort of Envestnet teams to set up firms for new client portal with appropriate permissions and administrator settings.
New Mobile Full Reports—On the mobile application, when advisors click on a report widget, they now have the ability to see the full report view of the following:
- Net Worth
- Account Performance
- Asset Allocation
- Holdings
- Activity
- Realized Gain/Loss
- Projected Income
- Spending
Advisor controlled sleeves
Account Level Flows in/out of Sleeves (ALFS) have been extended to accounts in shared models, where that is the only account in the model, as well as extended to implicit ownership accounts.
Servicing updates
Advisors now have the ability to enable/disable Trade Holds in Bulk processing, rather than doing it individually.
We also now allow Intraday Deposits for Admin traded accounts, when the Intraday Deposit API is enabled.
Billing updates
With this release we have implemented a self-service billing group and debit account management, empowering advisors to directly manage these tasks with sponsor approval.
Other billing updates include:
- New page “Mutual Fund Rebate Report” to display the 12b1 fee processed at the account level
- Sponsors can now apply account-level billing exclusions to multiple fee components and edit Custody fee components
- The maximum fee computation logic is now extended to include off-cycle bills
- Total Fee Amount in the IFP file displays the Client fee and firms can now specify the Calculated Fee Adjustment
- Advisors can now manage the billing groups for their accounts and the shared accounts Ability to exclude Manager fees when affiliated products are used in retirement accounts and proposals
Want to know more?
For our comprehensive release notes and additional information, reach out to your Envestnet Enterprise or Regional Consultant.
Stay up-to-date on all things Envestnet! We invite you to follow us on LinkedIn, Twitter and YouTube.
