Barron's Advisor Envestnet’s Chris Todd: AI Helps Advisors Predict the Next Best Moves
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May 12, 2026 Chris Todd, CEO of Envestnet and wealth-tech leader, explains how data and AI are reshaping advisory work. He describes refocusing strategy, building infrastructure for planning and alternatives, and using predictive AI to recommend next-best actions like tax moves and rebalancing. He also covers agentic AI plans and how insights free advisors to deepen client relationships.
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AI Multiplies Engineering Throughput
- AI has already accelerated InvestNet's engineering productivity and reduced errors, speeding time to market for new advisor features.
- Chris Todd says agentic AI transforms operational delivery, freeing resources to invest in advisor-facing products and managed account solutions.
Combining Platform Data With External Sources
- InvestNet combines its platform data with firm-specific and external data to create deeper advisor-level insights across on- and off-platform assets.
- Todd highlights millions of accounts and ~300 million trades a year as the raw data enabling powerful comparative and behavioral signals.
Surface Next Best Actions For Every Client
- Use InvestNet Data Insights to deliver specific next best actions for each client portfolio, such as tax management, shifts to managed accounts, or rebalancing.
- Todd reports hundreds of firms using the tool to surface actionable opportunities directly to advisors during client conversations.