MAR 7 2018

Advisor Group Launches ERS-Powered Retirement Plan Central, a Comprehensive Practice Management Platform for Retirement Advisors

PHOENIX, Ariz., Mar. 7, 2018 – Advisor Group, one of the nation’s largest networks of independent financial advisory firms, today announced the launch of Retirement Plan Central, a comprehensive practice management platform for 401(k) advisors powered by Envestnet | Retirement Solutions’ Practice Advantage™. Envestnet | Retirement Solutions (ERS) is a majority-owned subsidiary of Envestnet, Inc. (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness.

Advisor Group’s Retirement Plan Central, supported by ERS’s Practice Advantage™, provides retirement advisors with the investment tools, workflow solutions and powerful analytics that represent essential drivers of a sustainable retirement plan business in today’s increasingly regulated environment. It features a client relationship management (CRM) solution, advisor management dashboard, investment analytics, fund research and monitoring reports, as well as request for proposal (RFP) and vendor search tools. Additionally, it offers a compliance tool as well as access to a secure online vault that stores important client documents and meeting notes.

“Remaining competitive in today’s retirement advisor landscape is becoming increasingly difficult as consumer demand increases, and we see more advisors enter the space,” said Jamie Price, president and CEO of Advisor Group. “As Advisor Group continues to build out its suite of practice management resources, we are launching Retirement Plan Central with Envestnet | Retirement Solutions to equip advisors with the tools needed to provide customized, best-in-class retirement advice that is unburdened by back-office strain.”

Advisor Group's new retirement practice management platform, supported by ERS’s Practice Advantage™, is expected to address a number of critical needs for 401(k) advisors in the independent space, with features such as:

  • Client Dashboard and Integrated CRM: A comprehensive dashboard with an easy-to-use interface enables advisors to view their entire book of business in one, consolidated line of sight and manage it accordingly. Powered by an integrated client CRM, the dashboard keeps client records up-to-date, organized and easily accessible.
  • Secure Document Vault: The client document vault stores important information such as retirement plan documents, performance reports, tax reports, estate planning documents, personal client information, meeting notes, and more. The vault offers a secure environment, is easily accessible by the advisor and the client and ensures a streamlined process for compliance-auditing and document retention.
  • Plan Provider RFP Search Tool: The RFP search tool helps advisors document their retirement plan provider search process from start to finish. This is especially useful for meeting increased record-keeping requirements.

“In recent years, increased regulation and the heightened cost of doing business has driven many of the large wealth management firms away from supporting committed retirement advisors,” said Allison Couch Pratt, executive vice president of national sales at Advisor Group. “We’re doing just the opposite – we’re investing even more time and resources to help advisors remain competitive and grow their businesses in a cost-effective way. With access to Retirement Plan Central, comprehensive sales support, a robust education curriculum and a dedicated team of home office support, we’re confident that many of our 401(k) advisors will benefit from having a dedicated partner in their corner.”

“Our ‘Signature Service’ agreement with Advisor Group will provide their advisors with our fully integrated platform and full reporting package,” said Babu Sivadasan, group president of Envestnet | Retirement Solutions. “Our innovative technology will help Advisor Group’s advisors by providing them with a high level of transparency into their books of business, while also offering the compelling reporting and analytics tools that they need to successfully adapt to rapid regulatory changes.”

For more information about Retirement Plan Central or to speak to a representative from Advisor Group, contact advisorgroup@ficommpartners.com.


About Advisor Group

Advisor Group, Inc. is one of the nation’s largest networks of independent financial advisors serving over 5,000 advisors and overseeing approximately $190 billion in client assets. Headquartered in Phoenix, AZ, the firm is mission-driven to support the heroic role that advisors can play in the lives of their clients, offering securities and investment advisory services through its subsidiaries FSC Securities Corp., Royal Alliance Associates, Inc., SagePoint Financial, Inc. and Woodbury Financial Services, Inc, as broker/dealers, registered investment advisors and members of FINRA and SIPC. Cultivating a spirit of entrepreneurship and independence, Advisor Group champions the enduring value of financial advisors and is committed to being in their corner every step of the way.

For more information, please visit www.advisorgroup.com.

Follow Advisor Group into the Future: @AdvisorGroupBDs on Twitter #AGFutureIsNow


About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.

More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences and help drive better outcomes for enterprises, advisors and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.