BERWYN, PA — Independent Financial Group, LLC (IFG) has announced an expansion of its long-standing partnership with Envestnet. This collaboration is set to empower IFG’s network of over 600 independent financial professionals by providing them with broader access to Envestnet’s comprehensive ecosystem of wealth management solutions.
One of the key developments arising from this partnership is the incorporation of the Envestnet Credit Exchange, powered by the Advisor Credit Exchange (ACE), into IFG’s offerings. This addition means that IFG’s affiliated professionals can now offer their clients high-quality banking and lending solutions, enabling a more holistic approach to financial management.
Chad Cristo, CIMA®, Senior Vice President for National Sales & Marketing at Independent Financial Group, highlighted the benefits of this deeper integration. “Our partnership with Envestnet has enabled advisors in our network to further improve the quality and extent of their services,” Cristo said. He emphasized the importance of providing tools that enhance productivity and allow advisors to address the full spectrum of a client’s financial life, especially in times when access to credit is becoming increasingly restricted.
Since 2020, IFG has utilized its partnership with Envestnet to access a variety of solutions, including Envestnet’s Wealth Management Platform and PMC investment solutions with a tax overlay. The cooperation has also extended to financial planning services through Envestnet | MoneyGuide, with the recent integration of individual blocks from MyBlocks™. This integration is designed to facilitate on-demand engagement throughout MoneyGuideElite, including distribution planning to assist clients with retirement options.
Tom Sipp, Executive Vice President, Business Lines at Envestnet, expressed enthusiasm about the deepening partnership. “By utilizing our industry-leading platform of insights, solutions, and integrated technology, IFG’s network of advisors are better equipped to more holistically serve every financial need their clients might have,” Sipp stated. He underscored the value created through leveraging Envestnet’s capabilities and integrated environment.
Further expanding its advisory services, IFG has launched a series of 14 home office model portfolios on the Envestnet platform. According to James Naldi, CFA, CAIA, CIMA®, Director of Research and Portfolio Construction at IFG, these models offer an institutional caliber portfolio construction process. They blend the potential benefits of both active and passive investing into highly diversified investment portfolios, allowing advisors to maintain the level of discretion and control that best suits their unique preferences.
This strategic enhancement of IFG’s wealth management capabilities through its partnership with Envestnet marks a significant step forward in providing independent financial professionals with the tools they need to deliver comprehensive, high-quality financial advice and services to their clients.
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