Envestnet announced the launch of its new RIA consulting capability, the RIA Growth Lab. This innovative offering aims to enable the growth and productivity of RIAs by providing comprehensive practice valuation consulting services, leveraging cutting-edge technology to deliver actionable insights. With the wealth management landscape constantly evolving, Envestnet recognizes the need for RIAs to stay competitive and optimize their practices.

The newly formed RIA consulting group at Envestnet is poised to address these challenges by offering peer benchmark grades on essential metrics, including revenue, client satisfaction, and business stability. Key Features of Envestnet's RIA Growth Lab include: Peer Benchmarking: Envestnet utilizes advanced technology to compare an RIA's performance against industry peers, offering valuable insights into areas of strength and opportunities for improvement. Practice Valuation Enhancement: By analyzing key performance metrics, Envestnet's consulting team helps RIAs identify strategies to increase their overall valuation and efficiency.

Deepening Engagement: Envestnet's RIA Growth Lab offers deeper consulting engagements for advisors interested in strengthening their relationship with the Envestnet ecosystem. This includes access to Envestnet's extensive suite of tools and resources.