Envestnet has released hundreds of platform updates to improve its users’ experience, the firm announced Monday.
“This latest round of enhancements to the Envestnet platform delivers more meaningful and powerful functionality for our users and their clients,” Blake Wood, Envestnet’s director of product strategy, said in a statement.
Envestnet said its product and development teams had collaborated on some 400 projects across more than 3,000 developer days to plan, build and execute the platform updates.
The latest update release features co-browsing and video integration with SaleMove, which reshapes how advisors and clients communicate with one another. The integration, now live, provides another way for advisors to quickly address client questions on the Envestnet platform. It also gives Envestnet’s service and support teams their own version to assist advisors.
In addition, Envestnet is improving the Yodlee user experience. Yodlee applications in the Client Portal provide clients with an intuitive and informative look into their full financial picture.
The new enhancement involves implementing the FastLink 3.0 workflow for aggregating accounts, making it easier for advisors to identify financial institutions, add credentials and link accounts, and confirm when all this is complete and available on the Client Portal. The new release will also enable advisors to control the availability of individual financial wellness solutions.
And with the addition of a new application — OK to Spend — clients can see their upcoming recurring expenses, paycheck deposits, financial events and projected balances on future dates in a centralized calendar view.