Among the many things Envestnet revealed at its Elevate conference was a deeper direct indexing collaboration with State Street and custom model portfolios from BlackRock.
Newcomer Jennison Associates added international equity and large cap growth strategies. Flexible Plan Investments also expanded their current offerings to include trend-following, managed futures, and intermediate-term tactical strategies.
Bank trust departments have long played a crucial role in estate planning, fiduciary services, and wealth preservation. As the Great Wealth Transfer accelerates, the industry must evolve to address the shifting expectations of the next generation of clients.