Arete Wealth partners with Envestnet to boost advisory services
- Arete Wealth has entered a long-term contract with Envestnet to enhance its advisory technology.
- The growth of Arete Wealth is highlighted by a near doubling of its advisory AUM since 2022 and a quadrupling of its outsourced services since 2024.
- This partnership reflects a commitment to improving client engagement and operational efficiency in the financial advisory industry.
In Chicago on April 9, 2025, Arete Wealth, a leading broker-dealer and registered investment advisory firm, announced a strategic partnership with Envestnet, a prominent provider of wealth management technology. This partnership is aimed at enhancing advisory solutions for financial advisors and their clients. By integrating the advanced capabilities of Envestnet’s technology, Arete Wealth intends to improve portfolio management, client engagement, and operational efficiency for its corporate Registered Investment Advisor (RIA) and affiliated independent RIAs. Since 2022, Arete Wealth has demonstrated significant growth in the financial advisory space, with a near doubling of its Advisory Assets Under Management (AUM). The firm’s outsourced services for independent RIAs have also quadrupled since their launch in 2024, indicating a burgeoning presence within the financial advisory landscape. The collaboration with Envestnet showcases a shared vision of both companies to deliver innovative solutions tailored to the needs of financial advisors and their complex clientele. According to Molly Weiss, Group President of Envestnet’s Wealth Management Platform, this partnership aligns with their goal of providing comprehensive financial advisory solutions. Given the increasing demand for technology-driven support in the advisory sector, this strategic move positions Arete Wealth to further enhance its service offerings and drive efficiency in client interactions.