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Envestnet Proposal Generation

Proposals & New Account Opening

Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions, and intelligence. By establishing the connections between people’s daily financial decisions and long-term financial goals, Envestnet empowers them to make better sense of their finances and live an Intelligent Financial Life™. With more than $5.4 trillion in platform assets—more than 107,000 advisors, 16 of the 20 largest U.S. banks, 48 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs, and thousands of companies, depend on Envestnet technology and services to help drive better outcomes for their businesses and for their clients. For more information, visit envestnet.com.

Integration

Docupace’s integration with Envestnet streamlines the creation of managed account and annuity proposals to the completion and opening of accounts for the investor.

Integration Benefits:

  • API integration for New Account Opening and Goal Modifications which: 
    • Reduces duplicate data entry between the two systems
    • Reduces time to open new accounts or perform goal modifications
    • Reduces firm and carrier NIGO rates
    • Increases consistency in account opening and goal modification processes
    • Facilitates supervision process within Docupace
    • Improves advisor experience
    • Supports both electronic and wetsigning
  • Increases advisor and back office efficiency by:
    • Launching Envestnet directly from Docupace with single sign-on for proposal generation or goal modification
    • Launching Envestnet direct from Docupace SSO and launch into the Envestnet dashboard to work on draft items previously created and not yet completed
    • Reducing NIGO rates through automated data validations
      o Automating the creation or matching on clients in the Envestnet platform
    • Pre-populating data collected on Envestnet to broker dealer proprietary forms on Docupace
    • Automatically prefilling annuity transactions in Docupace for submission through the Docupace embedded EBIX AnnuityNet integration linking the transaction to FIDx, Envestnet and Docupace Supporting the ability to combine managed accounts, annuities, and proprietary paperwork for a single signing ceremony with investors on Docupace
    • Automating the storage of proposals and goal modification documents within the client folder and subfolder within Docupace
    • Facilitating the ability of the firm to supervise managed accounts on Docupace prior to account opening
    • Automating the update to IGO status on Envestnet with signed SIS form(s)
    • Automating the submission of completed paperwork to the clearing or custody firm