Page 19 - Investment Advisor - September 2023

Financial & Investment Innovation

envestnet Halo Investing
In October 2022, Envestnet launched Halo Investing has rolled out the Structured
its Wealth Data Platform, a cloud- Note SMA Marketplace, where creators of structured-note sepa-
based data intelligence solution that allows home offices and rately managed accounts can sell their strategies to a wide audience.
financial advisors to connect and enrich all the data sources across It gives advisors access to structured notes without the challenges
their practice and provide their clients with actionable insights at associated with single-product purchases. It also includes a curated
scale on one platform. WDP’s connectivity layer aggregates data collection of SMA strategies from experienced, independent money
from the institutional feeds related to investor accounts on the managers. When advisors choose a structured note SMA, an expert
firm’s unified management platform. It also aggregates held and money manager effectively takes over management for the product,
held-away data on consumers via its global open banking efforts. including investment strategy, portfolio operations and note lifecycle.
The data that the WDP aggregates and analyzes is easily deliv-
ered through any one of Envestnet’s newly redesigned Enterprise, Helios Quantitative research
Advisor, Client and SMB digital experiences. In addition, wealth- Helios Quantitative Research launched Helios
focused enterprises that are building native solutions can share Tools in 2022 to provide advisors with cost-
both data and analytics through Snowflake and/or through a effective client risk profiling, portfolio risk and performance analysis,
library of application programming interfaces made available via and proposal generation. An extension of more traditional direct
Envestnet’s developer portal. indexing concepts, the offering can customize risk level and exposure
range, as well as the elements and holdings that drive a model. The
Flourish technology provides a simple and robust risk questionnaire, compares
Flourish’s flagship product is a cash and back tests portfolio performance, recommends proposed changes
management platform built exclusively for RIAs that helps them and designs custom proposal templates and firm-specific disclosures.
bring clients’ held-away cash into their orbit. The Flourish Cash
platform makes it easy for RIAs to log in and invite clients, check Kwanti
on which ones have opened an account and get a more complete Kwanti’s Screener lets advisors screen for
picture of their clients’ financial lives. The firm recently added the right investments for clients. It reveals best-performing assets in
more Program Banks to offer clients greater FDIC coverage; in seconds. Users can search ETFs, mutual funds, SMAs and individual
2022, it raised its rate more than nine times and has continued to stocks, and narrow the list down based on their specific criteria. Users
offer Flourish Cash with zero minimums or fees. can use the tool to showcase portfolio recommendations and central-
ly position themselves in client relationships. In addition to filtering
FusionIQ and screening for best-performing assets, users can use Screener to
FusionIQ offers financial advisors fin- search for similar assets, and Saved Searches will remember the pre-
TAMP and Digital Model Marketplace. selected criteria, column selections and sorting preferences.
Its finTAMP provides a single sign-on solution and includes
features such as proposal generation, performance reporting La Meer Inc.
and billing. The platform ensures smooth onboarding, features La Meer’s GRACE is designed to
high-quality model presentation capabilities and a customizable address the market’s need for an integrated approach to compliance-
real-time quote and model risk scoring system. The user interface, enabled client management. GRACE is a web-tablet-mobile-enabled
including finTAMP’s IQ Portal provides access to multicustodial system offered on the firm’s Hosted Model secure and scalable
data feeds. Its Digital Model Marketplace gives advisors access to infrastructure, which has been certified by the American Institute
hundreds of institutional-quality investment strategies. of CPAs’ SoC2 auditing procedure. The dashboards let firms view all
processes, clients, reps, branches, products and portfolio in one place
GeoWealth for oversight and early warning, whether they be conduct issues,
During the past year, GeoWealth has compliance issues, client management and suitability, anti-money
worked to build a modern, intuitive laundering, IT risks, branch and rep risks or ESG. Central books and
and holistic platform for RIAs via turnkey asset management. The records can be ready for exams and gain deep client insights, build
firm acquired First Ascent Asset Management and also announced trust and assurance, and help grow and scale the business.
a new investment consulting offering for advisors who need guid-
ance and concierge-level support in building custom unified man- Laserfiche
agement account solutions. It unveiled Manager Portal, a service Laserfiche has made advancements in
area within its TAMP that lets third-party managers and advisors its intelligent data capture platform. It recently integrated transcrip-
share portfolio updates with the GeoWealth trading team. Its Model tion, which provides full-text searchability for audio and video files,
Center allows advisors to research and engage third-party manag- such as voicemails or video meeting recordings. When new audio or
ers’ models or adjust the allocations of their home-office models. video files are imported to Laserfiche, or a user clicks “request tran-

September 2023 Investment AdvIsor 17