Above: Envestnet Managing Director Bill Seuffert and Paul with EIOC Vision Award.
NEW ORLEANS - As part of its ongoing commitment to helping ensure the success of the financial services industry, Envestnet (NYSE: ENV) announced the winners of its first-ever Envestnet Institute on Campus (EIOC) Vision Awards and its Essential Advisor Awards at the annual Advisor Summit in New Orleans.
"Just as we provide the tools and resources to empower current financial advisors to navigate the complex industry, we are equally committed to developing and preparing future essential advisors," said Bill Crager, Envestnet President. "We're pleased to honor the multiple organizations and individuals who embody the values of both our Envestnet Institute on Campus and Essential Advisor programs, and further our commitment to bettering the wealth management industry."
Envestnet Institute on Campus is a program designed to develop a collaborative relationship between academia and industry-leading wealth and asset management firms in order to address the well-documented problem of the talent gap in the industry. Since its inception in spring 2015, more than 1,100 students have completed the EIOC program and 23 universities are participating in the program.
The new EIOC Vision Awards recognize individuals and firms who act as agents of change for the successful future of the wealth management industry. The inaugural award winners include:
- University of North Carolina Wilmington (UNCW): Envestnet is recognizing the University's leadership in bringing the world of business into the world of academia. UNCW has formulated a unique model that Envestnet has adopted as an example for other schools to blend academia and business. One notable aspect of this model is UNCW's Annual Business Week, sponsored by the Cameron School of Business, which brings its students together with successful business professionals.
- Paul Vladem, President, Associated Investor Services: Paul is truly redefining hiring practices and the traditional definition of diversity. He and Associated Investor Services have diverted from the usual method of hiring and embraced the EIOC model as a component of succession planning for their firm. Envestnet relies on their success and experiences as a case study for other firms to reference.
"We are proud to honor our first-ever EIOC Vision Award winners for their outstanding contributions to the worlds of academia and business," said Jim Seuffert, Managing Director, Envestnet. "The asset and wealth management industry must harness our collective resources to make a major impact in solving the talent gap issue, and it's organizations like UNCW and individuals like Paul Vladem that are truly making a difference."
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 87,000 advisors and 3,000 companies including: 16 of the 20 largest U.S. banks, 43 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.