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Advisory Solutions

Reminder: Get Ready for ESI Illuminations 2.0!

By February 9, 2021February 11th, 2021No Comments

Over the past month members of ESI’s Business Development team have been sharing videos about the upcoming changes to the ESI Illuminations platform. While each video spotlights a different new feature coming to Illuminations, there’s one thing they all have in common. They are all the result of bundled pricing.

Bundled Pricing
Every year ESI Illuminations evolves – new functionality, new managers, more portfolios – but in 2021 the evolution of Illuminations is taking a big leap forward with the introduction of bundled pricing. Starting on February 15th there will no longer be separate transaction/trading fees on Illuminations accounts; they will be bundled into the platform fee and provide unlimited trading.
With the introduction of this new pricing structure we’re opening the door to new features in the future, such as:

  • New Separate Account Managers
  • ESG (Environmental, Social and Governance) Portfolios
  • Strategist UMA (Unified Managed Accounts)
  • Overlay Management that includes customized tax strategies

Laying the Foundation: Changes Effective February 15th
The first step in the implementation of Illuminations 2.0 goes into effect on February 15th and will include:

  • New Platform Fee Schedules: All new accounts will be charged a “bundled” platform fee that includes trading expenses and provides unlimited trading at no additional expense to the rep or client.
  • Moving to the lowest cost share class (F3) in American Fund portfolios
  • Change to billing in advance as opposed to the current process of billing in arrears

Get the Details
Details about the upcoming changes, including new fee schedules, can be found in the ESI Illuminations 2.0 Overview video and Frequently Asked Questions document.
   
This is the first step in an exciting year for Illuminations! New features and enhancements will continue to be introduced over the next several months so look for more information as we implement Illuminations 2.0!
 
Miss any of our recent videos?

  • Jeff Wood spotlights ESG options coming in future platform enhancements.
  • Sandy Colvin spotlights the evolution of the Team Approach.
  • Lou Martinez spotlights the impact of upcoming platform changes to ETF portfolios.

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