In this episode, Jack talks with Dana D’Auria, Co-Chief Investment Officer at Envestnet, Inc.
Dana is an all-around leader at Envestnet, overseeing investors' capabilities, due diligence platform research, overlay services, non-traditional assets, and many more areas. With such scope, her chief responsibility is to connect the dots, identify what fits in the puzzle, and offer a simplified solution to achieve better outcomes for advisors. Before joining Envestnet, Dana worked for Symmetry for 14 years, where she managed the onboarding of asset managers.
Dana and Jack discuss optimization using algorithms, personalization in configuring solutions, and increasing client engagement using tech.
“Solutions, by and large, were always there. They’re just more readily accessible now because of technology. They’re more evident now. Our job is to help the advisor to navigate the ecosystem better which should lead to better outcomes for clients in the end. ” ~ Dana D’Auria
Optimizing using algorithms in portfolio management can help elevate overlay services such as tax mitigation and tracking error with capital gains realization.
Figuring out the right on-ramp that can cater to portfolio management, financial planning, and other needs can help an advisor do better comparisons and easily curate the best solution for every client.
Advisors should be able to identify what can be scaled up, what can be digitized, and what can be personalized. It starts meaningful conversations and more opportunities to engage with clients.
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