Envestnet Whitepapers

Taking the Measure of Advice © 2022 Envestnet. All rights reserved. 12 (although it is still significantly smaller than wirehouses), and their smallest score is on financial planning. Advisors at bank broker-dealers rank last; their highest average score is on breadth of platform capabilities, and their smallest score is on financial planning. The average scores for engaging the spouse and family members ranges from 49 to 55, with no significant differences between channels.

• Cover
• SUMMARY AND KEY FINDINGS
• INTRODUCTION
• METHODOLOGY
• Why financial wellness matters and how advisors need to change their practices
• Financial planning is foundational
• The Intelligent Financial Life ADVISOR PRACTICE score
• How advisors benefit from delivering AN INTELLIGENT FINANCIAL LIFE
• Conclusion
• Appendix: the methodology behind the Intelligent Financial Life Advisor Practice score
• Appendix: the methodology behind the Intelligent Financial Life Advisor Practice score (1)
• Appendix: the methodology behind the Intelligent Financial Life Advisor Practice score (2)
• Appendix: the methodology behind the Intelligent Financial Life Advisor Practice score (3)