Sean Meighan, Head of RIA Distribution for Envestnet, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss how technology can help advisors scale their practices.
Meighan was an Envestnet client for 15 years before joining the firm in 2025. Meighan has seen advisors build and grow amazing practices by leveraging Envestnet’s technology platform. RIAs use Envestnet’s Tamarac platform for reporting, billing, CRM, and rebalancing functionality. RIAs can benefit from blending Tamarac’s core business functionality with Envestnet’s managed account platform. Advisors are responsible for trading and rebalancing when using Tamarac but delegate those tasks to Envestnet when using the managed account platform.
The Envestnet platform offers access to custom portfolios, direct indexing, and alternative investments, starting with the trading of interval funds. In the fourth quarter of 2025, the advisor traded sleeve in the UMA integrated muni bonds, CDs, and private placements into the reporting and administration functionality.
Meighan notes that RIAs with less than $1 billion AUM are discussing the Co-CIO concept, where advisors who want help scaling their asset management business can get help from asset managers to build custom model solutions.
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