Dani Fava, the popular former TD Ameritrade Institutional product strategist who left the custodian to join Envestnet Inc., is getting her feet wet at her new job but has ideas for the future.
And she clearly sees the opportunity to look under the hood at Envestnet's range of products and services and then decide how to transform them into new innovations that help advisers bring financial wellness to clients.
"Financial wellness for everyone," said Fava, who will be taking on a newly created role as part of the recently established strategy office. "That’s the mission."
Looking out a year or two, new technologies will likely focus on better use of data that Envestnet already has and can potentially use to empower financial advisers, she said in an interview for the InvestmentNews podcast, which was posted online today.
“It’s too early to tell, but I’ll tell you one piece that is standing out to me right now that is very interesting is the data," she said. "Envestnet has a full ecosystem of data, and as the financial advice profession has progressed, it’s been increasingly important to see the clients' total wealth picture in order to give them the best advice.”
She declined to outline any specific plans for her new role as she just started the job.
“Envestnet is so very powerful because of the data it possesses, and I think we’re going to move forward in our ability to include that data to empower financial advisers,” Fava said.
She also declined to comment about Charles Schwab Corp.'s $26 billion pending acquisition of TD Ameritrade Holding Corp. deal but praised TD Ameritrade's culture and said Envestnet's was similar.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
