Redi2 (Envestnet Revenue Manager)
Envestnet Revenue Manager is a comprehensive billing and revenue management solution tailored for the financial services industry. Focused on enhancing billing processes, this platform empowers financial advisors and wealth managers to efficiently service their clients. Envestnet's offerings cater to a range of financial professionals, including registered investment advisors (RIAs), wealth managers, asset managers, and broker-dealers, providing them with robust tools to manage complex billing requirements and deliver precise financial management.
The platform delivers a suite of solutions designed to address the specific needs of various financial entities. Envestnet Revenue Manager is known for unlocking the full potential of financial data, allowing firms to make informed strategic decisions while maximizing back-office return on investment (ROI). This is achieved through its high-performance capabilities, scalability, and ability to handle high-volume architectures, making it suitable for large-scale operations.
Key features of the Envestnet Revenue Manager include a 100% client satisfaction rate and a user base of over 1,400 professionals. The platform is equipped to handle intricate billing scenarios such as fee-splitting and advisor compensation, allowing firms to define specific rules at the firm, client, or account level. These functionalities ensure that the billing process is not only accurate but also transparent, catering to the diverse needs of financial advisors and their clients.
Envestnet Revenue Manager serves a wide client base, including single-family offices, multi-family offices, RIAs, private banks, and wealth managers. Its partnerships and integrations with various technology and operational platforms create a rich ecosystem that enhances the platform's capabilities. By integrating with first- and third-party technologies, Envestnet offers a holistic technology stack that simplifies day-to-day operations and maximizes value.
The technical capabilities of Envestnet Revenue Manager are robust, offering a cloud-based infrastructure that supports seamless integration with other financial systems. This flexibility ensures that financial entities can easily adopt the platform within their existing technological frameworks. The platform's integration options include APIs and data connectivity solutions, facilitating smooth collaboration with various financial institutions and technology providers.
Key Features
Envestnet Revenue Manager provides a comprehensive suite of billing and revenue management solutions designed specifically for family offices and financial advisors. With a cloud-based approach, the platform offers enhanced billing processes, precise revenue management, and strategic decision-making tools. Its core capabilities focus on maximizing back-office ROI and simplifying complex billing structures.
- Enhanced billing processes
- Precise revenue management
- Strategic decision-making support
- Fee-splitting and advisor compensation tools
- Scalable and high-performance architecture
- Complex payout management
- Flexible fee options (subscription, hourly, retainer)
- Secure payment processing (credit card, ACH)
- Comprehensive client billing and fee disclosure
- High-volume transaction handling
- Customizable firm, client, and account-level rules
- Cloud-based infrastructure
- Seamless integration capabilities
- 100% client satisfaction
- Over 1,400 active users
Use Cases
Envestnet Revenue Manager is designed to support a variety of implementation scenarios across different financial entities. It is ideal for single-family offices, multi-family offices, private banks, wealth managers, and RIAs looking to optimize their billing processes. The platform enhances operational workflows and provides strategic insights for better financial management.
- Automate portfolio reporting for quarterly family meetings
- Streamline advisor compensation and fee-splitting arrangements
- Simplify billing processes for managed accounts
- Manage client billing and fee disclosure with high-volume transactions
- Implement flexible billing options for diverse client needs
- Enhance strategic decision-making with precise revenue data
- Integrate with existing financial systems for seamless operations
- Facilitate secure payment processing through multiple channels
- Customize billing rules at firm, client, and account levels
- Maximize back-office ROI through efficient revenue management
Integrations
Envestnet Revenue Manager offers robust integration capabilities with a wide array of financial platforms and technologies. Through its network of first- and third-party integration partners, the platform supports seamless data connectivity and API availability, enabling financial entities to build a comprehensive technology stack.
- Bloomberg
- FactSet
- Custodian banks
- Financial data providers
- Payment gateways (credit card, ACH)
- CRM systems
- Portfolio management software
- Compliance and reporting tools
- Wealth management platforms
- Advisory fee billing systems
Related Family Office Software
Related Resources
- Frequently Asked Questions
- Family Office Glossary
- Family Office Services
- Types of Family Offices
- Latest Family Office News
- What is a Multi-Family Office?
- Single Family Office Guide
- Wealth Management Services
- Estate Planning Services
- Tax Strategy Services
- Portfolio Management
- Family Governance
- Administrative Services
- Family Office vs Wealth Management
- Family Office Costs
- Minimum Net Worth Requirements
- Single Family Office Definition
- Multi-Family Office Definition
- Assets Under Management
- Ultra High Net Worth
- Alternative Investments
- Philanthropy & Foundations
- Technology & Cybersecurity
- Lifestyle & Concierge Services
- Personal Security Services
- Regulatory Compliance
- Financial Administration
- Impact & ESG Investing
- Liquidity Planning
- Conflict Resolution & Mediation
- Lifestyle Management
- Trust & Estate Structuring
- Consolidated Reporting
- Next-Gen Leadership Development
- Entity & Legal Structure Management
- Vendor & Service Provider Oversight
- Health & Wellness Services
- Single vs Multi-Family Office
- Family Office Services Explained
- How to Choose a Family Office
- Multi-Family Office Structure
- Family Governance Definition
- Alternative Investments Guide