Envestnet has announced an expanded relationship with Vanguard to integrate the investment management company’s Advisor’s Alpha framework into Envestnet’s Wealth Management Platform, pairing it with tax-aware portfolio management technology meant to help advisors deliver personalized after-tax outcomes for clients.
The collaboration focuses on transforming tax-aware investing from a manual process into a scalable approach through model portfolios.
Vanguard’s Advisor’s Alpha framework emphasizes tax-efficient retirement strategies, including tax-loss harvesting, based on more than 25 years of research identifying activities through which advisors can add value to client returns.
Vanguard will participate in Envestnet’s Fund Strategist Tax Management Advantage program, which, according to the company, removes cost barriers to tax management services. Advisors using Fund Strategist Portfolios, including Vanguard Active-Passive model portfolios, can apply ongoing tax management aligned to client-specific preferences at no additional cost for eligible portfolios.
BetaNXT Partners With CAIS to Streamline Alternative Investments for Advisors
BetaNXT has integrated with alternative investment platform CAIS, allowing simplified connections between firms using BetaNXT and CAIS’s alternatives capabilities, including its alternative investment marketplace, across the full trade lifecycle.
The partnership provides advisors with automated workflows across the alternatives lifecycle, from subscription documents and capital calls through trade processing, confirmations, settlements and position reporting.
By combining CAIS’s platform capabilities with BetaNXT’s real-time data capabilities, the partnership reduces the operational burden that has historically made alternatives difficult to scale at the firm level, according to the companies.
GReminders has released an AI-powered field extraction tool, GReminders Forms, that automatically updates records in Redtail, Wealthbox, Salesforce and Salesforce Overlays from uploaded intake documents and meeting transcripts.
The tool allows users to upload completed client documents—including PDF intake forms, financial questionnaires and account applications — into the GReminders interface, where an embedded AI agent scans the document, compares new information against the existing CRM record and highlights recommended updates side-by-side.
The functionality integrates with the GReminders AI Notetaker, which extracts personal or financial details shared verbally during consultations from meeting transcripts and maps them directly into the client’s profile, the company said.
GReminders Forms is available immediately for all Business Plan users, according to the company. Advisors can view a demonstration video on the company website.
In February GReminders announced an expansion of its existing integration with Redtail.
RISR Lands $16B OnePoint BFG Wealth Partners
OnePoint BFG Wealth Partners, a Parsippany, N.J.-based wealth advisory and financial planning firm managing more than $16 billion in assets, will deploy the RISR business-owner engagement platform across its centralized planning function and advisor teams serving entrepreneurs and privately held business owners.
RISR is meant to help advisors understand a client’s business’s financial health and value by providing insights into valuation, growth opportunities, risk exposure and succession readiness.
“Business owners are one of the most complex and underserved client segments in wealth management,” said Jason Early, founder and CEO of RISR.
“As we continue to grow, we’re investing in technology that helps our advisors deepen client relationships and address increasingly complex planning needs,” said Andy Schwartz, CEO at OnePoint BFG, in a statement.
RISR announced a similar partnership with Allworth Financial in February.
