Partnership to Leverage the Entirety of the
Envestnet Ecosystem, Including Wealth Analytics Capabilities and
the Envestnet Credit Exchange to Help Advisors Grow
BERWYN,
Pa., March 13, 2024 /PRNewswire/ -- Independent
Financial Group, LLC (IFG), a San
Diego-based independent broker-dealer, in keeping with its
mission to provide best-in-class resources and support for
unrivaled service, has strengthened its ongoing partnership with
Envestnet empowering its network of more than 600 independent
financial professionals with increased access to Envestnet's
ecosystem of wealth management solutions.
To learn more about Envestnet's financial wellness ecosystem
visit: https://www.envestnet.com/our-ecosystem.
IFG also recently implemented the Envestnet Credit Exchange,
powered by the Advisor Credit Exchange (ACE), into its network.
IFG's affiliated professionals now have access to high-quality
banking and lending solution providers, enabling them to
holistically service their clients.
"Our partnership with Envestnet has enabled advisors in our
network to further improve the quality and extent of their
services. This deeper integration will now provide them with tools
that can help them more holistically address a client's entire
financial life and because our advisors' time is valuable,
accelerate their productivity," said Chad Cristo, CIMA®, Senior Vice President for
National Sales & Marketing at Independent Financial Group.
"It is vital for our business, and those of the independent
financial professionals we serve, that the advisors in our network
can help clients manage both sides of their balance sheet with cash
and credit management solutions from the Envestnet Credit
Exchange—especially now, when banks are tightening up access to
credit."
Since 2020, IFG has leveraged its partnership with Envestnet to
provide solutions including Envestnet's Wealth Management Platform,
PMC investment solutions including tax overlay -- and financial
planning services through Envestnet | MoneyGuide. Going forward,
IFG has integrated individual blocks from MyBlocks™ enabling
clients and prospects to engage on demand throughout
MoneyGuideElite, including distribution planning to help clients
navigate distribution options during retirement.
"At Envestnet, we're focused on deepening client and partner
relationships, and delivering the best platform to help our clients
grow and scale their business, said Tom
Sipp, Executive Vice President, Business Lines at
Envestnet. "By utilizing our industry leading platform of
insights, solutions, and integrated technology, IFG's network of
advisors are better equipped to more holistically serve every
financial need their clients might have, and at the same time,
strengthen their relationships with clients and their families.
This is a great example of the value created by leveraging
Envestnet's robust capabilities and integrated environment."
IFG also further enhanced its advisory services, launching a
series of 14 home office model portfolios on the Envestnet
platform.
"These models offer an institutional caliber portfolio
construction process that integrates the potential benefits of both
active and passive investing into a set of highly diversified
investment portfolios," said James
Naldi, CFA, CAIA, CIMA®, Director of Research and Portfolio
Construction at IFG. "What's great about these models is that
they allow the advisor to retain the level of discretion and
control in the investment management process that best suits their
unique preferences."
About Envestnet
Envestnet is helping to lead the growth of wealth managers and
transforming the way financial advice is delivered through its
ecosystem of connected technology, advanced insights, and
comprehensive solutions – backed by industry-leading service and
support. Serving the wealth management industry for 25 years with
more than $5.8 trillion in platform
assets—more than 108,000 advisors, 16 of the 20 largest U.S. banks,
48 of the 50 largest wealth management and brokerage firms, more
than 500 of the largest RIAs -- thousands of companies, depend on
Envestnet technology and services to help drive business growth and
productivity, and better outcomes for their clients. Data as
of 12/31/2023.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For a deeper
dive into how Envestnet is shaping the future of financial advice,
visit www.envestnet.com. Stay connected with us for the latest
updates and insights on LinkedIn and X (@ENVintel).
About Independent Financial Group
Independent Financial Group, LLC (IFG) is a privately held
independent broker-dealer based in San
Diego, California. Founded in 2003, IFG provides an array of
business solutions supporting more than 625 independent financial
professionals across 410 offices nationwide. IFG was named among
the "Fastest Growing Private Companies in the US" by Inc. 5000 in
2020, for the eighth time since 2010. San Diego Business Journal
ranked IFG #7 among the Largest Private Companies in San Diego in 2022. In 2023, IFG was ranked
17th largest among national independent broker-dealers by Financial
Advisor Magazine, based on revenue.
About Advisor Credit Exchange
Advisor Credit Exchange (ACE) offers a technology platform that
connects banks, lenders and wealth managers, enabling investment
firms and advisors to access lending and cash management solutions
to build their clients' net worth and meet their financial goals.
By integrating access to cash and credit management solutions from
leading providers with wealth management platforms, ACE creates new
opportunities for advisors to help their clients achieve financial
wellness.
For more information on Advisor Credit Exchange, please visit
www.advisorcreditexchange.com and follow us
on LinkedIn.
IFG and Envestnet are separate and unaffiliated firms. This
release should not be construed as a recommendation or endorsement
of any particular product, service, individual or
firm. Neither Advisor Credit Exchange nor Envestnet
offer any loan products or makes any lending decisions. The funding
and administration of all loans are undertaken by separate and
unaffiliated financial institutions.
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SOURCE Envestnet