When it comes to meeting your data management needs, it requires more than easy access, integrated technology and being able to offer your clients a cohesive snapshot of their invested wealth. The real value in Envestnet’s reporting capabilities comes from the confidence it instills in clients when they know you are able to deliver more thoughtful and insightful advice based on accurate and timely market-based data.
Performance reporting
Envestnet follows industry guidelines for performance calculations for each underlying account. We use the Time-weighted Rate of Return (TWRR), which is the industry standard for client performance presentation. Given that this may be calculated as needed with the most current data available, you are able to provide your clients with greater transparency regarding their assets performance. This can be extremely comforting to them in times of market volatility.
Customization
Because wealth management requires you to have sufficient flexibility to meet each of your clients’ particular circumstances, our system allows you to customize your clients' reporting on any account registration, for most custodians, and in any user-defined reporting group. Reports can even be tailored for multiple purposes and any single account may be included in multiple reporting groups.
View the types of reports you can generate.
Benchmarking Flexibility
With Envestnet, you have the leeway to create and assign your own benchmark blends or develop derived benchmarks at either the aggregated level or under advisor directed programs. You can then apply changes to those benchmarks that will automatically affect each account or reporting group associated with it.
Client servicing
Our reporting capabilities let you access fully-reconciled data daily in order to create reports on performance, holdings, or to analyze taxes ahead of client meetings. Reports may also be made available to clients for online viewing.
