Envestnet integrates Vanguard's Advisor's Alpha with tax-aware tools, making after-tax portfolio management scalable. Plus: BetaNXT-CAIS, GReminders AI, and RISR lands $16B firm.
Alpha Score of 66 reflects moderate overall profile with strong momentum, moderate value, strong quality, moderate sentiment.
Envestnet is integrating Vanguard's Advisor's Alpha framework into its Wealth Management Platform, pairing it with tax-aware portfolio management tools. The combination targets after-tax returns at scale, the companies said.
Vanguard's framework emphasizes tax-efficient retirement strategies, including tax-loss harvesting, based on over 25 years of research. The research identified activities through which advisors add value to client returns. Vanguard will participate in Envestnet's Fund Strategist Tax Management Advantage program, which removes cost barriers to tax management services, according to Envestnet.
Advisors using Fund Strategist Portfolios, including Vanguard Active-Passive model portfolios, can apply ongoing tax management aligned to client-specific preferences at no additional cost for eligible portfolios. The move transforms tax-aware investing from a manual process into a scalable approach through model portfolios.
In a separate development, BetaNXT integrated with alternative investment platform CAIS. The partnership simplifies connections between firms using BetaNXT and CAIS's alternatives marketplace, covering the full trade lifecycle. The companies said the partnership reduces the operational burden that has historically made alternatives difficult to scale at the firm level.
GReminders released an AI-powered field extraction tool, GReminders Forms, that automatically updates records in CRM systems from uploaded intake documents and meeting transcripts. The tool allows users to upload completed client documents into the GReminders interface, where an AI agent scans the document, compares new information against the existing CRM record and highlights recommended updates. The company said the functionality integrates with the GReminders AI Notetaker.
OnePoint BFG Wealth Partners, a wealth advisory firm managing more than $16 billion in assets, will deploy the RISR business-owner engagement platform. The platform helps advisors understand a client's business's financial health and value by providing insights into valuation, growth opportunities, risk exposure and succession readiness. "Business owners are one of the most complex and underserved client segments in wealth management," said Jason Early, founder and CEO of RISR. RISR announced a similar partnership with Allworth Financial in February.
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