Door's Digital Platform Streamlines
Information Management for Asset Managers & Research
Analysts
BERWYN,
Pa., April 20, 2022 /PRNewswire/ -- Envestnet
announces a partnership with Door, a leading global digital due
diligence and risk management platform, to streamline and optimize
its research on asset managers and their investment strategies
across the Envestnet ecosystem, and the industry.
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 over email. The lack of a centralized
source of information and notifications has made it cumbersome to
manage due diligence questionnaires in many varied formats, and
identify and monitor critical metrics.
The partnership between Envestnet and Door will help solve these
inefficiencies by digitizing the due diligence experience, and
enabling Envestnet | PMC manager research teams to
benefit from:
- Digital Due Diligence Questionnaires, customized to meet
Envestnet's process that simplify the management of due
diligence requests by reducing redundant content preparation,
speeding up response times, and improving risk controls.
- Real-time updates on criteria such as investment risk,
governance, sustainability, and diversity, equity, and
inclusion, which can help research teams better manage risk and
analyze asset managers and strategies.
- Door's content database, which easily integrates with
other research tools and makes it easy to edit documents and
process and archive information.
"We consistently seek innovative technology partners that
streamline more aspects of wealth management and financial
planning," said Dana D'Auria, Co-Chief Investment Officer of
Envestnet. "By standardizing the majority of the information
that asset managers and research analysts need to exchange during
due diligence, Door can help us and our industry peers enable
advisors and their end clients to make well-informed investment
decisions—and facilitate stronger engagement between asset managers
and the analysts, advisors, and investors who evaluate their
strategies."
More than 400 manager research firms and asset managers from
over 39 countries are represented on the Door platform.
"We are delighted that Envestnet is joining its global
peers to help drive the long overdue digital transformation of due
diligence," said Roland Meerdter,
CEO and Co-Founder of Door. "Door's global scale and coverage
provides a unique opportunity to asset managers, regardless of
size, to access the due diligence teams of the most prominent
local, regional, and global wealth managers."
About Envestnet
Envestnet refers to the family of
operating subsidiaries of the public holding company, Envestnet,
Inc. (NYSE: ENV). Envestnet is Fully Vested™ in
empowering advisors and financial service providers with innovative
technology, solutions, and intelligence to help make financial
wellness a reality for their clients through an intelligently
connected financial life. Over 108,000 advisors and more than 6,000
companies—including 18 of the 20 largest U.S. banks, 47 of the 50
largest wealth management and brokerage firms, over 500 of the
largest RIAs, and hundreds of FinTech companies—leverage Envestnet
technology and services that help drive better outcomes for
enterprises, advisors, and their clients.
For more information on Envestnet, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVintel) and LinkedIn.
For more information on Envestnet | PMC, please visit
www.investpmc.com.
About Door
Door is the digital interface used by
professional investors to access up-to-date information for fund
research and operational due diligence. Door streamlines the
information exchange, saving asset managers time, improving client
experience and reducing investment risk. Door works with over 400
asset managers and manager research teams in 39 countries. For more
information, please visit https://guidetodoor.com/.
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SOURCE Envestnet