Approximately 300 advisors affiliated with independent broker-dealer Symetra Investment Services, based in Bellevue, Wash., now have access to a Envestnet's online tools, including aggregated reporting capabilities.
“Many independent broker-dealers are hindered by outdated technology,” James Lumberg, Envestnet’s co-founder and managing director, said in a statement. “Through Envestnet’s platform, SIS is able to give [its] advisors access to a sophisticated wealth management apparatus. By adding aggregated reporting to the mix — which provides an overall view of a client’s wealth and allows the advisor to create a holistic financial plan — SIS has empowered their advisors to offer advice that conforms to current best practices.”
The end-to-end wealth management platform can be tailored to allow financial institutions and independent advisors to deliver client solutions at all asset levels, Envestnet said. It combines analytic tools, dynamic reporting and other practice management applications to give advisors a scalable, streamlined and integrated solution.
“SIS is committed to delivering up-to-date technology solutions to our affiliated advisors,” Richard Moran, Symetra’s president said in the same statement. “The addition of Envestnet’s suite of tools gives reps the ability to bring together the information sources and products they need with integrated management and reporting to provide superior insight and services to their clients.”