Envestnet Wealth Management Company, Gate Partner


Wealth management technology firm Envestnet has partnered with risk management platform Door to streamline and optimize its research on asset managers and their strategies, the companies said in a statement. Press release Wednesday (April 20).

“Historically, research analysts have used the same common information from investment managers during the due diligence process, with information typically gathered using Microsoft Word and Excel documents exchanged via email,” the statement said. .

“The lack of a centralized source of information and notifications made it difficult to manage due diligence questionnaires in many different formats, as well as identify and track critical metrics. The partnership between Envestnet and Door will help address these inefficiencies by digitizing the due diligence experience.

The companies said research teams will benefit from tailored due diligence questionnaires to respond to Envestnet’s process. The collaboration will also offer real-time updates on criteria such as investment risk, governance and sustainability, and diversity, equity and inclusion.

Additionally, searchers have access to Door’s content database, which integrates with other search tools.

“We are constantly looking for innovative technology partners who streamline more aspects of wealth management and financial planning,” said Dana D’Auria, co-chief investment officer of Envestnet. “By standardizing the majority of information that asset managers and research analysts need to exchange during due diligence, Door can help us and our industry peers empower advisors and their end clients to take informed investment decisions – and to facilitate stronger engagement between asset managers and the analysts, advisors and investors who evaluate their strategies.

According to the release, Door’s platform includes more than 400 manager search firms and asset managers from more than 39 countries.

Read more: Wealth Tech Company Envestnet Buys FinTech Startup Harvest Savings

Last year, Envestnet acquired fintech startup Harvest Savings & Wealth Technologies for an undisclosed amount. At the time, Envestnet Chairman Stuart DiPina said the deal cemented Envestnet’s place in enabling integrated finance, which the company saw as “a key driver of the future of financial services”.



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