Broker-dealer HD Vest says it is working with technology provider Envestnet to give its 3,700 affiliated independent advisors more ways to grow their practices.
The partnership means the advisors using HD Vest’s platform can now access Envestnet tools for model management, proposal generation, unified managed accounts (UMAs), overlay models and online reporting, as well as information about client allocations and risk parameters.
“Our mission is to give independent advisors a holistic view of each client’s overall financial picture, which is enhanced by [our firm's] Tax Smart Investing insights — a key industry differentiator,” according to HD vest CEO Bob Oros. “Envestnet’s solutions are the latest additions to our ecosystem of the best technology and tools from across the industry, which advisors can use to start more holistic financial services conversations with clients.”