Envestnet Launches AI-Powered Data Tools to Enhance Advisors’ Decision-Making Capabilities

Envestnet has launched two new AI tools—Generative Business Intelligence and Insights AI—aimed at enhancing data interpretation and decision-making for financial advisors. These innovations are part of Envestnet’s strategy to simplify access to client insights and streamline advisory workflows, aligning with the growing need for efficient data analysis tools. The Generative Business Intelligence tool enables users to obtain information through natural language queries, generating real-time visual data representations. It integrates securely with OpenAI’s language model for data retrieval. Insights AI builds on the existing Insights Engine by utilizing agent-based AI to identify advisor intent and suggest impactful actions like tax-aware losses or asset consolidation, providing context-rich responses instead of relying solely on dashboards. Envestnet plans to enhance these tools further by allowing customization for enterprises. The company aims to create a comprehensive AI-driven wealth management ecosystem, encouraging better client decision-making and deeper portfolio insights.

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