08.07.23

Envestnet: RIA Custody Platform Will Be a 2024 Success Story

by: Brianna Monsanto

As Envestnet continues to progress in its venture into the registered investment advisor custody platform business, it is focusing on its partnership with custodian and technology provider FNZ. During the company's quarterly earnings call last week, Envestnet Chief Executive Officer Bill Crager estimated it would see success from the partnership in 2024. “In the relationship with FNZ, we'll be able to garner economics that we have not been able to participate in the past,” said Crager. He added that the partnership will provide a completely digital and real-time experience for its users and that Envestnet is currently working to digitally engage other custodians.

Read the full article on Financial Advisor IQ