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Envestnet builds out distribution capabilities to drive adviser growth in HNW market segment
Research - OCTOBER 16, 2024

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Envestnet builds out distribution capabilities to drive adviser growth in HNW market segment

by Released

According to Envestnet's 2024 Advisor Perspectives Survey, nearly one-third of advisers are set to enhance their focus on services tailored for high-net-worth or ultra-high-net-worth clients. This number rises to 40 percent among firms managing more than $500 million in assets.

“More than two-thirds of investable assets are now tied to HNW and UHNW investors,” said Michael Featherman, CFA, head of adviser sales and wealth consulting at Envestnet. “Understanding the needs and expectations of HNW clients is crucial for advisers looking to grow their business and engage with this sophisticated client segment. At Envestnet, we’re thrilled to advance our product and technology offering and expand our distribution efforts to better enable advisers looking to succeed in this high-growth part of their business."

To support the evolving needs of advisers, Envestnet has expanded its national distribution efforts within its private wealth consulting business by 5

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