Zeplyn Launches AI-Powered Adviser Coaching
Zeplyn, an AI operating system for wealth management companies, launched Advisor Coaching, a feature that automatically evaluates, scores and delivers feedback on advisers’ client and prospect meetings.
Advisor Coaching allows advisers to customize their own scoring rubrics that are then used to measure the success of each of their meetings. The tool also provides coaching tips based on specific moments during meetings. In addition, managers can use the Ask Zeplyn feature, powered by Zeplyn Agent Nexus, to pull firmwide performance reports across any date range, adviser or team.
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Advisers can also use Ask Zeplyn to build a personality profile for a specific client based on meeting notes and emails. From there, advisers can role-play more difficult conversations, such as fee increases or annual reviews, with AI acting as the client’s persona. Advisers can then request structured feedback on the meeting and a downloadable cheat sheet for real meetings.
Envestnet Releases Adviser Wealth Trading Capability
Financial technology company Envestnet Inc. announced the availability of Envestnet Wealth Trading, a redesigned trading platform that helps advisers trade more efficiently.
Wealth Trading replaces a legacy trading platform and offers the following upgrades:
- fewer clicks and less navigation to perform everyday trading tasks;
- an optimized view of trade statuses, trade history and the results of actions taken within workflows;
- a unified platform experience for all accounts; and
- greater visibility into, and control over, user access and entitlements.
Additional features include a portfolio explorer screen, nine types of trade actions, an order review tab, , an order management screen, an action history tab to view the status and workflow of submitted trade scenarios and a trade history tab.
Fidelity Expands SMA Lineup for Wealth Management Firms
Fidelity Investments expanded its separately managed account lineup with six new custom strategies and two new model offerings for registered investment advisers and broker/dealers.
The Fidelity Institutional Tax-Managed Enhanced Equity and Fidelity Institutional Tax-Managed Fundamental Equity custom SMAs each feature large-cap core, growth and value strategies. The enhanced equity strategies leverage a diverse set of alpha insights, while the fundamental equity strategies use a systematic portfolio construction process and high-conviction stock selection.
The strategies are currently available to RIAs via Fidelity’s custom SMA platform, which is integrated with Fidelity’s Wealthscape brokerage platform.
APG, Swiss Life Adopt STOXX Global Equity Benchmarks
European institutional investors APG Asset Management and Swiss Life Asset Managers are among the early adopters of a new family of global equity indexes from STOXX, Investable Market Indexes. STOXX, like PLANSPONSOR/PLANADVISER, is owned by ISS STOXX.
The indexes—which aim to capture 99% of the investable equity universe throughout 23 developed and 23 emerging markets—are designed to support cost-effective modern portfolio construction through a consistent, transparent and scalable framework, STOXX stated in its announcement.
“With the launch of STOXX IMI, we are introducing a cost-effective new choice in the market and further strengthening STOXX’s role as a global partner for institutional investors, providing robust, transparent benchmark solutions alongside the flexibility, client service and tailored offerings that institutional investors increasingly expect from their index provider,” said Axel Lamholt, STOXX’s general manager, in a statement.
Capital Group Expands PlanPremier Recordkeeping Solution Capabilities
Capital Group Companies Inc., a retirement plan provider and global asset manager, expanded recordkeeping capabilities within its PlanPremier recordkeeping solution.
The enhanced solution offers adviser and plan sponsors:
- more flexible pricing and expanded investment options;
- holistic financial wellness guidance through Capital Group’s digital participant engagement program, ICanRetire; and
- a personalized service experience that includes an expanded, dedicated relationship team.
Capital Group managed more than $200 billion in assets across more than 370,000 plans as of May 31.
Russell Investments Launches 2 Actively Managed ETFs
Russell Investments launched two actively managed exchange-traded funds: the Russell Investments Global Real Estate ETF and the Russell Investments Core Bond Plus ETF. Both funds began trading on NYSE Arca and NYSE Texas in June.
The Russell Investments Global Real Estate ETF is a real estate securities fund that invests in real estate investment trusts and real estate-related companies worldwide.
The Russell Investments Core Plus Bond ETF is a diversified bond fund offering broad exposure to global fixed-income markets, including government bonds, corporate credit and securitized assets.
