--- title: "How Envestnet Is Redefining Scale and Accessibility with Molly Weiss" description: "Molly Weiss, Group President of Wealth Platforms at Envestnet, is a 20-year financial services veteran who drives Envestnet’s end-to-end technology and…" url: https://www.milemarker.co/podcast/how-envestnet-is-redefining-scale-and-accessibility-with-molly-weiss updated: 2025-04-15 --- [Now playing](https://www.milemarker.co/podcast) [Podcast**Next Mile**](https://www.milemarker.co/podcast) [Episodes](https://www.milemarker.co/podcast)[Guests](https://www.milemarker.co/podcast/guests) [YouTube](https://www.youtube.com/@milemarkerinc) [Apple](https://podcasts.apple.com/us/podcast/the-connected-advisor/id1691759257) [Spotify](https://open.spotify.com/show/0Lw8kHGnS1JJBMZLPYxc9S) Episode 89 · Apr 15, 2025 · 39 min # How Envestnet Is Redefining Scale and Accessibility with Molly Weiss [**Molly Weiss***Group President, Wealth Platforms, Envestnet*](https://www.milemarker.co/podcast/guests/molly-weiss) [Apple Podcasts ↗](https://podcasts.apple.com/us/podcast/the-connected-advisor/id1691759257) [Spotify ↗](https://open.spotify.com/show/0Lw8kHGnS1JJBMZLPYxc9S) ## About this episode Molly Weiss, Group President of Wealth Platforms at Envestnet, is a 20-year financial services veteran who drives Envestnet’s end-to-end technology and solutions ranging from portfolio management, financial planning, performance reporting, and digital account management tools. Over her tenure at Envestnet, she has played a pivotal role in shaping scalable solutions that empower advisors to serve clients more effectively. In this episode, Kyle and Molly explore the critical role of configurability in building scalable tech, the evolving landscape of UMA, and how advisors are blending custom portfolio construction with third-party management. Molly shares what’s ahead at Envestnet’s Elevate conference, how AI will empower—not replace—advisors, and why personalization and access to alternatives are shaping the future of wealth management. In this episode: - (00:00) - Intro - (01:48) - Molly's money moment - (04:20) - Common challenges faced by firms of all sizes - (06:09) - Molly's perspective on “scale” in the financial industry - (07:50) - What to expect at Envestnet Elevate 2025 - (11:48) - How Envestnet leverages third-party asset management - (14:52) - The multifaceted role of advisors - (18:17) - Managing diverse investment solutions - (22:14) - Speakers at the Envestnet Elevate 2025 conference - (24:19) - Envestnet's focus on ultra-high-net-worth clients - (25:48) - The future of financial advice - (30:23) - Molly's thoughts on alternative investments - (33:36) - Molly's Milemarker Minute **Key Takeaways** - True scalability in advisory tech isn’t about one-size-fits-all solutions or endless customization. Instead, it’s about creating configurable systems that can adapt to a firm’s unique needs without added complexity—allowing both large institutions and small RIAs to grow efficiently. - AI won’t diminish the advisor’s value—it will amplify it. By automating routine tasks and surfacing meaningful insights, AI can free advisors to focus more on high-impact, human-centered work like client relationships, planning, and trust-building. - Clients don’t just want a 60/40 portfolio; they need guidance through complex life decisions. Advisors are part coach, part therapist, and part strategist. The tech behind the scenes should support that full spectrum of client service. - Just as SMAs and UMAs became accessible to more clients over time, the future is about lowering barriers to non-traditional assets. Advisors should prepare to integrate alternatives and illiquid investments into broader portfolios, especially as client demand for diversification and behavioral discipline grows. **Quotes** "If everything you do is either about customization or one size has to fit all, you can't scale. But if you think about technology as a really configurable set of capabilities, a firm can grow because as they need more, it's already there. It just needs to be configured." ~ Molly Weiss "Part of an advisor's job is translating human problems into something that helps solve those problems. And that includes technology that helps the portfolio management process, taxes, performance, and life events that might change all that and throw it all up in the air." ~ Molly Weiss **Links** - [Molly Weiss on LinkedIn](https://www.linkedin.com/in/molly-weiss/) - [Envestnet](https://www.envestnet.com/) - [Bill Crager](https://www.linkedin.com/in/williamcrager/) - [Envestnet Elevate 2025](https://www.envestnet.com/event/elevate/?utm_medium=website&utm_source=web-banner-envestnet&utm_campaign=env-elevate&utm_term=null&utm_content=elevate) - [Katty Kay](https://www.linkedin.com/in/kattykay/) - [Dennis Moseley-Williams](https://www.moseleywilliams.com/) - [Allistair McCaw](https://www.linkedin.com/in/allistair-mccaw-552a0a89/) - [Chris Todd](https://www.linkedin.com/in/christopher-r-todd/) - [Margo's Got Money Troubles](https://www.amazon.com/Margos-Got-Money-Troubles-Novel/dp/0063356589) **Connect with our hosts** - [Milemarker.co](https://www.milemarker.co/) - [Kyle on LinkedIn](https://www.linkedin.com/in/kylevanpelt/) - [Jud on LinkedIn](https://www.linkedin.com/in/judmackrill/) **Subscribe and stay in touch** - [Apple Podcasts](https://podcasts.apple.com/us/podcast/connected/id1691759257) - [Spotify](https://open.spotify.com/show/0Lw8kHGnS1JJBMZLPYxc9S) - [YouTube](https://www.youtube.com/@milemarkerinc) ## **Produce game-changing content with Turncast** Turncast helps your company grow by producing top-quality content and fostering transformative conversations. We specialize in content generation, podcasting, digital strategy, and audience growth for fintech and financial services companies. Learn more at [Turncast.com](https://www.turncast.com/). ## The write-up [Listen to this week’s episode.](https://open.spotify.com/episode/1FxRneFsbFZ8LDptMUH3QE) ## Episode 089 On this week’s episode of The Connected Advisor, I speak with [Molly Weiss](https://www.linkedin.com/in/molly-weiss/), Group President of Wealth Platforms at [Envestnet](https://www.envestnet.com/)—a 20-year financial services veteran who drives Envestnet’s end-to-end technology and solutions ranging from portfolio management, financial planning, performance reporting, and digital account management tools. We explore the critical role of configurability in building scalable technology, the evolving landscape of UMA, and how advisors are blending custom portfolio construction with third-party management. Molly also shares what’s ahead at Envestnet’s Elevate conference, how AI will empower—not replace—advisors, and why personalization and access to alternatives are shaping the future of wealth management. #### **Key Takeaways** True scalability in advisory tech isn’t about one-size-fits-all solutions or endless customization. Instead, it’s about creating configurable systems that can adapt to a firm’s unique needs without added complexity—allowing both large institutions and small RIAs to grow efficiently. AI won’t diminish the advisor’s value—it will amplify it. By automating routine tasks and surfacing meaningful insights, AI can free advisors to focus more on high-impact, human-centered work like client relationships, planning, and trust-building. Clients don’t just want a 60/40 portfolio; they need guidance through complex life decisions. Advisors are part coach, part therapist, and part strategist. The tech behind the scenes should support that full spectrum of client service. Just as SMAs and UMAs became accessible to more clients over time, the future is about lowering barriers to non-traditional assets. Advisors should prepare to integrate alternatives and illiquid investments into broader portfolios, especially as client demand for diversification and behavioral discipline grows. #### **Quotes** “If everything you do is either about customization or one size has to fit all, you can’t scale. But if you think about technology as a really configurable set of capabilities, a firm can grow because as they need more, it’s already there. It just needs to be configured.” ~ [Molly Weiss](https://www.linkedin.com/in/molly-weiss/) “Part of an advisor’s job is translating human problems into something that helps solve those problems. And that includes technology that helps the portfolio management process, taxes, performance, and life events that might change all that and throw it all up in the air.” ~ [Molly Weiss](https://www.linkedin.com/in/molly-weiss/) ” I think that one of the things that has really made Envestnet as successful as it is, is that we built the platform—and this started 20 years ago—with the concept of scale embedded.” ~ [Molly Weiss](https://www.linkedin.com/in/molly-weiss/) #### **Links** [Molly Weiss on LinkedIn](https://www.linkedin.com/in/molly-weiss/) [Envestnet](https://www.envestnet.com/) [Bill Crager](https://www.linkedin.com/in/williamcrager/) [Envestnet Elevate 2025](https://www.envestnet.com/event/elevate/?utm_medium=website&utm_source=web-banner-envestnet&utm_campaign=env-elevate&utm_term=null&utm_content=elevate) [Katty Kay](https://www.linkedin.com/in/kattykay/) [Dennis Moseley-Williams](https://www.moseleywilliams.com/) [Allistair McCaw](https://www.linkedin.com/in/allistair-mccaw-552a0a89/) [Chris Todd](https://www.linkedin.com/in/christopher-r-todd/) [Margo’s Got Money Troubles](https://www.amazon.com/Margos-Got-Money-Troubles-Novel/dp/0063356589) #### **Connect with our hosts** [Milemarker.co](https://www.milemarker.co/) [Kyle on LinkedIn](https://www.linkedin.com/in/kylevanpelt/) [Jud on LinkedIn](https://www.linkedin.com/in/judmackrill/) #### **Subscribe and stay in touch** [Apple Podcasts](https://podcasts.apple.com/us/podcast/connected/id1691759257) [Spotify](https://open.spotify.com/show/0Lw8kHGnS1JJBMZLPYxc9S) [YouTube](https://youtu.be/Y_L1jAtInBE) **While there, please don’t forget to Download, Like, and Subscribe.** If you’d like to schedule a time to talk with me about anything we cover on our podcast or [Milemarker](https://www.milemarker.co/), [click here for 15 minutes](https://meetings.hubspot.com/kyle-van-pelt). Kyle Van Pelt [**Molly Weiss***Group President, Wealth Platforms, Envestnet*](https://www.milemarker.co/podcast/guests/molly-weiss) Next Mile Conversations with the people building the next era of wealth management, hosted by Kyle Van Pelt. New episodes every Tuesday. [Get the newsletter →](https://www.milemarker.co/resources/newsletter) [Talk to Milemarker →](https://www.milemarker.co/contact) ## Keep listening Ep. 165 · Oct 6, 2026 · 27 min ### [Scaling with Soul: Growing an Advisory Firm Without Losing What Matters with Grace Balestrieri](https://www.milemarker.co/podcast/scaling-with-soul-growing-an-advisory-firm-without-losing-what-matters-with-grace-balestrieri) Grace Balestrieri, Brighton Jones Ep. 155 · Jul 28, 2026 · 32 min ### [How Behavioral Data Creates Better Client Relationships with Julie Littlechild](https://www.milemarker.co/podcast/how-behavioral-data-creates-better-client-relationships-with-julie-littlechild) Julie Littlechild, Absolute Engagement Ep. 116 · Oct 28, 2025 · 31 min ### [How Powerful Data Can Supercharge Organic Growth with Matt Reed](https://www.milemarker.co/podcast/how-powerful-data-can-supercharge-organic-growth-with-matt-reed) Matt Reed, Powerlytics