Industry White Papers
The Fiduciary Opportunity™:
Succeeding in a Changing Advisory Landscape
Financial advisors today have a profound opportunity to solidify client relationships – and broaden their appeal to investors – by better and more demonstrably aligning with the interests and needs of their clients. According to a nationwide study of advisors and investors sponsored by Envestnet, affluent investors who stayed with their financial advisors during the market crisis generally agree that their advisor always acted with their best interests at heart and delivered value in excess of the cost. But while investors indicate a high degree of trust in their advisors, it’s also clear that the extreme market disruptions of the last two years have prompted considerable concerns among investors and that aspects of the advisor-client relationship need reinforcement. The Envestnet research indicates that advisors who demonstrate their concern for and dedication to serving the needs and goals of their clients have a unique opportunity: Leveraging client trust in an effort to deliver more comprehensive advice and support that will enable deeper, more lasting relationships. Download the white paper and Fiduciary Opportunity Toolkit »»
The Brave New World of Fiduciary Duty for Broker-Dealer and Investment Advisers
This white paper begins with a review of the law of fiduciary duty. It discusses the rationale for fiduciary law and the primary duties that fiduciaries owe to those to whom they provide services (also known as "entrustors"). The white paper then considers these general principles in the context of the regulation of investment advisers under the Investment Advisers Act of 1940, as amended (the "Advisers Act"). The white paper next addresses the legislative proposals from the Obama Administration and Congress (collectively, the "Legislative Proposals") and discusses the practical import, in terms of disclosure, conflicts of interest, suitability, compensation, advertising and documentation, of investment advisers and broker-dealers being subject to a statutory fiduciary duty. Download the white paper and Fiduciary Opportunity Toolkit »»
The Consumer Revolution
Never in the history of mankind has the consumer received so much of what they want, so quickly and in such a customized way. Not only is every experience being uniquely created to each person's individual needs, but it is being done at a fraction of the price and with measurably higher convenience. In the meantime whole industry categories are being simply eviscerated, decades of history and improvement and market share gone in the flash of an instant. »»
The Value of Technology Integration for Registered Investment Advisors
Achieving operational scale is one of the biggest challenges Registered Investment Advisors (RIA) face today. In a new report produced by Aite Group, LLC, advisors responded to a survey that they believe they could save time on many of their most important tasks (e.g., financial planning, proposal generation, customer acquisition, etc.) if they had a greater degree of technology integration available in their practice. »»
Cutting Ties:
How to Declare Independence
With the dramatic reshaping of the financial services landscape in recent months, the concept of 'independence' is increasingly being viewed as a profitable business model for those advisors who seek better control over their professional destinies. »»
Investing (including mutual funds and ETFs) carries risk, including the loss of principal, and there can be no assurance that any investment strategy will provide positive performance over a period of time. The asset classes and /or investment strategies described above may not be suitable for all investors. Investors should first consult with an investment advisor before investing. Investment decisions should be made based on the investor’s specific financial needs and objectives, goals, time horizon, tax liability and risk tolerance. When investing in managed accounts and wrap accounts, there may be additional fees and expenses added onto the fees of the underlying investment products. For a complete description of all fees, costs and expenses, please refer to the Envestnet Form ADV Part 2A or Form ADV Part 2A - Appendix 1 as applicable. Past performance is no guarantee of future results. Neither Envestnet, PMC nor its representatives render tax, accounting or legal advice.
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