Kestra Teams With Envestnet on New Retirement Plan Platform
The announcement came two days before the Envestnet Advisor Summit in Charlotte, North Carolina.
Kestra Financial has launched Retirement Plan Enterprise, a new retirement plan platform, in partnership with Envestnet Retirement Solutions.
The comprehensive retirement plan practice management platform was designed to “elevate retirement plan solutions” with features that include single sign-on capability within Kestra Financial’s proprietary technology platform, at no additional cost to advisors and other associated financial professionals, the companies said in a joint announcement Monday.
Noting that Kestra is “fervently committed to supporting our financial professionals and their retirement plan clients with best-in-class technology,” Taylor Hammons, head of retirement plans at the firm, said the new platform is “intuitive, innovative, and adaptable.”
RPE is the “ideal solution for financial professionals focused on this line of business,” whether they’re seeking “resources to service their existing retirement plan clients or to help them acquire new retirement plan business,” he added.
The platform includes a plan management dashboard developed to help advisors set and manage business retention and goals.
Other features include investment analytics, fund research and monitoring reports, along with request for proposal and vendor search tools designed to “automate, streamline, customize, and effectively manage the proposal and search process,” the firms said.
The platform was “tailored to both financial professional and plan sponsor needs, and provides the flexibility to account for evolving regulatory requirements and fiduciary standards, designed to ensure the financial professional’s recommendations are in the client’s best interest,” the companies added.
Kestra supports more than 1,800 independent financial professionals who managed $51 billion in client assets and had $114 billion in assets under advisement as of Dec. 31, according to its website.
More than 108,000 advisors and over 6,000 companies — including over 500 of the largest RIAs — leverage Envestnet’s technology and services, it said.
Envestnet Advisor Summit
The joint announcement by the companies was made two days before the start of the Envestnet Advisor Summit in Charlotte, North Carolina.
The two-day event kicks off Wednesday morning with a presentation by Envestnet CEO Bill Crager called “Discover the Future of the Intelligent Financial Life.”
Other Wednesday sessions will include “Navigating Investor Concerns in 2022,” with Dan Kemp, Morningstar global chief investment officer.
Also at summit on Wednesday the winners of the 18th annual Asset Manager of the Year awards will be announced.
The awards, presented by Envestnet | PMC and Investment Advisor magazine, recognize active managers in eight different categories who have beaten their benchmarks, shown solid performance over time and are the best in their respective asset class.
An overall Manager of the Year for “embodying excellence in asset management” will be selected from the winners.
The winners will be showcased in the July/August issue of Investment Advisor as well as in articles and videos on ThinkAdvisor.
(Pictured: Envestnet Logo; Image: Shutterstock)