At its annual Elevate 2025 conference last month, Envestnet unveiled two major artificial intelligence innovations—Generative Business Intelligence (Gen BI) and Insights AI—designed to transform how advisors access, interpret, and act on data. These launches respond to growing demand across wealth management for easier, faster, and more intuitive decision-making tools.

"We're evolving our platform to transform data into intelligent action," said Jeremi Karnell, Head of Envestnet Data Solutions. "Using machine learning, natural language interfaces, large language models (LLMs), we're helping advisors make smarter, faster decisions that drive client growth and satisfaction."

Generative BI: Data Access at the Speed of Conversation
Envestnet's new Augmented Gen BI solution empowers home office users and advisors to access real-time insights through simple, natural language queries (NLQ)—no coding or data specialists required. Within seconds, Gen BI dynamically generates grids, charts, dashboards, and widgets, each with built-in data explainability to assist advisors in quickly interpreting insights, making informed decisions, and enhancing client outcomes.

This is made possible through a secure connection with OpenAI's LLM, which translates the user's query into the necessary API code behind the scenes. This real-time code generation eliminates previous bottlenecks, drastically reducing costs and time-to-insight, and makes self-service analytics truly accessible to all users.

"With Gen BI, we're removing barriers to firm-wide data fluency," said Karnell. "Now, every advisor can interact with their data as easily as having a conversation."