10.15.24
Envestnet Boosts Efforts at Wealthy Client Advisor Support
by: Leo Almazora
Less than a month after shareholders approved its deal to be taken private under Bain Capital, Envestnet is expanding its product offerings and distribution capabilities to help financial advisors better serve high-net-worth (HNW) and ultra-high-net-worth clients. The company said it has boosted its national distribution efforts by 50% within its Private Wealth Consulting business, with a geographically dispersed Advisor Sales and Wealth Consulting team focused on equipping HNW advisors with technology tools and wealth solutions to help attract and retain clients. Said Michael Featherman, head of advisor sales and wealth consulting at Envestnet, "Understanding the needs and expectations of HNW clients is crucial for advisors looking to grow their business and engage with this sophisticated client segment."
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