Technology

Envestnet Unveils 2025-2026 Strategic Platform Roadmap Powering the Future of Financial Advice–Personalized & At Scale

Published

1 year ago

May 13, 2025

Updates Across Tax-Aware Trading, Advisor Control, Automation & Ecosystem Integrations Position Envestnet as the Industry’s Most Connected, Customizable Wealth Management Platform

BERWYN, Pa., May 13, 2025 /PRNewswire/ — Envestnet unveiled the next phase of its platform innovation strategy, sharing a comprehensive roadmap for 2025 and 2026 designed to help wealth management firms scale the delivery of financial advice, improve efficiency, and create highly personalized experiences for clients. The enhancements span Envestnet’s enterprise platform and Envestnet | Tamarac solutions, reflecting investments in tax intelligence, trading flexibility, client engagement, and advisor productivity.

“No one has ever built what Envestnet has—we support $6.5 trillion in assets spread across more than 20 million accounts. We have the infrastructure to continue to lean in and develop the products and solutions advisors need to be quicker and more agile as their business models change,” said Chris Todd, CEO of Envestnet. “After what has been a pivotal year of transformation for us, we are as committed as we have always been to our mission to supporting advisors and their clients through technology, solutions, and insights.”

The strategic roadmap was shared during the company’s signature Elevate industry event that brought more than 2,000 financial advisors, RIAs, enterprise leaders, and fintech innovators together at the Venetian Resort in Las Vegas from April 9-10, 2025. Envestnet Elevate 2025 consisted of two days of immersive insights, guidance, discussions, technology demonstrations, keynote speeches, and breakout sessions focused on the future of wealth management. Envestnet’s integrated wealth management platform took center-stage as the engine for empowering wealth management firms to boost growth, productivity, and deliver better financial outcomes for their clients.

“At a time when advisors are being asked to do more with less—serve more clients, deliver deeper value, and navigate greater complexity—our platform is stepping up to meet that challenge,” said Molly Weiss, Group President of Wealth Management Platform for Envestnet. “We’re building the tools to make personalized, tax-smart, and insight-driven advice not just possible, but scalable.”

Highlights of Envestnet’s 2025–2026+ Platform Vision Include:

Tax-Aware Trading and Rebalancing. Envestnet is delivering more precise and proactive tax management tools to drive after-tax returns and optimize client outcomes. New features include “Pick Your Own Lots” harvesting, which enables advisors to surgically select specific tax lots for harvesting. The platform also supports combined harvesting and withdrawal functionality, allowing advisors to execute tax-loss harvesting and distribute proceeds in a single action. Harvest Replacement Overrides give advisors control over which securities replace harvested assets—maintaining market exposure while adhering to investment preferences. Future roadmap capabilities include harvest rebalancing to align gains and losses during reallocation, opportunistic harvesting that triggers trades when tax thresholds are met, and the ability to suppress wash sale triggers below a configurable dollar amount.Advisor-Traded Sleeves and UMA Flexibility. An evolution in unified managed account (UMA) technology, advisor-traded sleeves now allow for the direct management of custom asset types—including individual bonds, limited partnerships, and structured notes—within a single account structure. This dramatically reduces the need to open multiple accounts and supports broader customization without sacrificing operational efficiency. These enhancements empower firms to align portfolios more closely with client preferences and streamline implementation across advisory and home-office strategies.Tamarac CRM, Workflow, and Automation Enhancements. Tamarac is doubling down on integrated workflows and automation to support practice efficiency and regulatory oversight. Advisors can now leverage enriched CRM features including Microsoft integrations (e.g., OneNote, Forms, PowerBI, Bookings) and third-party tools such as Dropbox, Calendly, and Constant Contact. Workflow templates address everything from onboarding and compliance to death-of-client processing and birthday reminders. Alerts and task tracking are embedded directly in the CRM interface for in-platform visibility, with automation tools that surface custom client preferences and key lifecycle milestones.Next-Generation Reporting & Insights. The new Report Studio is a major leap forward in client reporting, combining dynamic visualizations (line, scatter, pie charts) with attribution analytics, Envestnet | MoneyGuide financial plan data, and fields for private placements. Custom metrics and flexible permissions allow firms to tailor reporting modules and save configurations for ongoing use. These innovations work in tandem with the Insights Engine, which applies predictive analytics to flag engagement gaps (e.g., no recent meetings or contributions), tax or product concerns (e.g., high fees, concentrated stock positions), and financial plan inconsistencies such as underfunded insurance or missing updates.Client Portal Enhancements. Significant upgrades to the client experience are central to the roadmap. The client portal now supports net worth views, plan summaries, realized gain/loss displays, and document upload tracking. Improved benchmarking displays and deeper custodian integrations (including SSO, vault access, and account data) create a seamless digital experience for clients, bridging the gap between performance, planning, and documentation. These features are designed to empower investors while reducing service overhead for advisors.Trading & Rebalancing Workflows. Trading enhancements include a new UI and streamlined trade review process, expanded support for money market fund management, and a rebalance summary tool that enables cash management, spreadsheet views, and account-level notes. Legacy position workflows are being simplified, and managed account integrations have been improved for consistency and ease of execution across advisor teams.Accounting, Data, and Infrastructure Upgrades. To support real-time, scalable operations, Envestnet has modernized its accounting and data architecture. Selective sync and MSS updates ensure timely data refreshes, while new reconciliation tools improve accuracy and transparency. Envestnet’s infrastructure, now underpinned by AWS, enables horizontal scalability and greater system resilience. A new Market Index page allows advisors to curate benchmark selections across accounts and models, further enhancing customization.Open ENV and Ecosystem Flexibility. Envestnet’s open architecture continues to expand via Open ENV, which now includes over 750 RESTful API endpoints, contextual SSO, and integrations with key financial tools including eMoney, Canoe, Arch, ShareFile, Fynancial, and Milemarker. Custodian integrations with Fidelity, Schwab, and Pershing are also deepened—providing seamless trading, authentication, and data flow across systems. This commitment to ecosystem flexibility gives firms the freedom to build the tech stack that fits their unique model.

Strategic Vision for 2025 and Beyond:

Together, these enhancements represent a clear message to the market: Envestnet is delivering modular power with ecosystem flexibility. The roadmap supports RIAs and enterprises seeking to:

Scale operations without sacrificing controlDeliver tax-intelligent, personalized adviceEngage proactively using actionable insightsIntegrate systems to reduce friction and streamline advisor workflows

“Whether you’re an enterprise firm managing thousands of advisors or an independent RIA seeking smarter ways to scale, Envestnet is the connective tissue behind your success,” added Weiss.

About Envestnet
Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions—backed by industry-leading service and support. Serving the wealth management industry for 25 years with approximately $6.5 trillion in platform assets, Envestnet technology and services are trusted by more than one-third of all financial advisors. Many of the largest U.S. banks, wealth management and brokerage firms, and RIAs depend on Envestnet to help drive business growth and productivity—and deliver better outcomes for their clients.

For a deeper dive into how Envestnet is shaping the future of financial advice, visit www.envestnet.com. Stay connected with us for the latest updates and insights on LinkedIn and X (@Envestnet_).

Envestnet refers to the family of operating subsidiaries of the holding company, Envestnet, Inc.

This release refers to information products or services that may be in development and not yet available. Accordingly, nothing herein should be construed as a representation or legal agreement by Envestnet to make available specific products or services (including, without limitation, concepts, systems or techniques.)

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SOURCE Envestnet

Technology

Alcott HR Appoints Michael Pascucci as Director of Strategic Projects

Published

1 hour ago

June 20, 2026

FARMINGDALE, N.Y., June 19, 2026 /PRNewswire/ — Alcott HR announces Michael Pascucci as Director of Strategic Projects. Michael brings over ten years of experience in HR operations and project management.

Before joining Alcott HR, he held senior roles leading technology upgrades and launching new employee benefits programs. This experience supports Alcott’s initiatives, helping the company grow while putting clients first.

As Director, Michael drives operational excellence at Alcott HR by leading strategic projects. He maintains processes to ensure Alcott stays flexible and personalized during growth. Michael focuses on projects that further enhance client support.

Improving Data Accuracy: Michael connects Alcott’s main systems with partners. Automating these connections streamlines onboarding and enrollment, ensuring benefits and payroll are accurate and secure. This gives clients confidence their information is in good hands.

Creating a Seamless Client Experience: Michael is improving how Alcott manages projects and client renewals. With consistency in these processes, Alcott delivers a seamless, dependable experience, especially during year-end reporting and enrollment.

Building for Growth: By replacing manual tasks with digital solutions, Michael helps Alcott grow with its clients. This allows the team to focus on building relationships and offering expert HR guidance to help clients achieve their goals.

“Michael doesn’t just manage projects, he builds systems that help our team excel,” said Kristen Bartolotta, Sr. Director of Operations at Alcott HR. “His ability to transform complex processes into streamlined solutions has improved our efficiency and enhanced our client service.”

“Working with the talented Alcott team has been a great experience,” said Michael Pascucci. “I’m excited to continue working across departments to improve our processes, boost efficiency, and help the company keep growing.”

Through these efforts, Michael helps Alcott deliver even greater value to clients by driving innovation, strengthening relationships, and ensuring every organization can reach its potential.

About Alcott HR: Alcott HR is an IRS Certified* and ESAC Accredited, Professional Employer Organization that provides a comprehensive range of human resources solutions to small and mid-sized businesses. With nearly four decades of experience, Alcott HR offers customized services that allow businesses to manage their workforce more effectively while staying compliant with state and federal regulations. Their services include payroll, benefits, risk management, and HR support, designed to help businesses grow and succeed.

The IRS does not endorse any particular certified professional employer organization.

Media Contact:
Sarah Zulawski
Marketing Specialist
szulawski@alcotthr.com
(716) 241-8893

View original content to download multimedia:https://www.prnewswire.com/news-releases/alcott-hr-appoints-michael-pascucci-as-director-of-strategic-projects-302805721.html

SOURCE Alcott HR

Technology

Alcott HR Appoints Michael Pascucci as Director of Strategic Projects

Published

1 hour ago

June 20, 2026

Through these efforts, Michael helps Alcott deliver even greater value to clients by driving innovation, strengthening relationships, and ensuring every organization can reach its potential.

The IRS does not endorse any particular certified professional employer organization.

Media Contact:
Sarah Zulawski
Marketing Specialist
szulawski@alcotthr.com
(716) 241-8893

View original content to download multimedia:https://www.prnewswire.com/news-releases/alcott-hr-appoints-michael-pascucci-as-director-of-strategic-projects-302805721.html

SOURCE Alcott HR

Technology

Vaultzy and Miracle University Pilot Demonstrates AI-Powered Document Management for Students. Expansion Planned for California Foster Youth Programs

Published

2 hours ago

June 19, 2026

A successful student pilot demonstrates how secure digital records and AI guidance can help them access education, employment, housing, and life opportunities

SACRAMENTO, Calif., June 19, 2026 /PRNewswire-PRWeb/ — Vaultzy, an AI-powered document management and life assistant platform, today announced the successful completion of a pilot with Miracle University, demonstrating how secure digital records and intelligent guidance can help students overcome barriers to education, employment, and economic mobility.

California State Treasurer Fiona Ma, CPA, noted, “Never expired. Never lost. Your vital documents, all in one secure place.”

For many students, particularly those facing economic hardship or life disruptions, lost identification, unavailable transcripts, and scattered paperwork can delay enrollment, employment, housing applications, financial aid, and access to public services. Vaultzy was created to address this challenge by providing a secure, user-controlled platform for lifelong document management.

Beyond document storage, Vaultzy recently launched the first version of its AI-powered Life Agent. The platform allows users to interact with their personal records and receive guidance related to major life transitions. By understanding what documents a user has available, the Life Agent can help identify requirements and next steps for education, employment, healthcare, government services, financial planning, and other important milestones.

The pilot was conducted in partnership with Miracle University, a Sacramento-based nonprofit organization dedicated to helping students who have left the traditional education system earn their high school diplomas and achieve academic and career success. The initiative focused on helping students digitize, organize, and securely manage their most important records while introducing them to emerging technologies that can support their long-term success.

“Our mission is to help students overcome barriers and unlock their full potential,” said Dr. Kadhir Raja, Founder of Miracle University. “Students need access to their documents, confidence in managing important life transitions, and guidance on what comes next. Vaultzy helps bring all of these together, empowering students to navigate education, employment, housing, and other life opportunities with greater confidence and independence.”

The pilot demonstrated the importance of giving individuals lifelong access to trusted records while providing the tools and guidance needed to use them effectively. As California State Treasurer Fiona Ma, CPA, noted, “Never expired. Never lost. Your vital documents, all in one secure place.”

Looking ahead, Vaultzy plans to continue expanding its AI-powered capabilities. “We envision a future where every individual has a trusted AI companion that not only safeguards their records but also helps guide them through life’s most important transitions,” said Avanti Ramraj, Co-Founder and Chief Product Officer of Vaultzy.

The success of the Miracle University pilot is helping inform broader discussions with educational institutions, nonprofit organizations, financial institutions, and public-sector leaders interested in modernizing how individuals manage and access trusted records while receiving guidance through important life transitions. One of the most promising opportunities is the potential application of Vaultzy within programs serving foster youth, seniors, and other underserved populations.

About Vaultzy

Vaultzy is an AI-powered document management and life assistant platform that helps individuals securely store, manage, and share important records throughout their lives. Combining secure document management, document intelligence, multilingual assistance, and agentic AI capabilities, Vaultzy is building the infrastructure for lifelong document ownership and trusted digital identity.

About Miracle University

Miracle University is a Sacramento-based nonprofit organization dedicated to helping students overcome educational barriers and achieve academic, personal, and professional success. Through mentorship, education, and community support, Miracle University equips students with the skills, confidence, and opportunities needed to transform their futures.

Media Contact
Anupriya Ramraj, Vaultzy, 1 510-255-0657, contact@vaultzy.ai, www.vaultzy.ai

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/vaultzy-and-miracle-university-pilot-demonstrates-ai-powered-document-management-for-students-expansion-planned-for-california-foster-youth-programs-302805103.html

SOURCE Vaultzy