Overview
Earlier this year, our operational focus for ESI Illuminations was on successfully transitioning to the FMAX platform; an important milestone we’re pleased to have achieved. As we progress through 2026, our attention now shifts to enhancing the advisor platform experience and strengthening the operational support that underpins your advisory business.
The following platform enhancements are designed to improve efficiency for both advisors and clients, while also positioning your practice for scalable growth.
New Platform Configurations Trade Holds Limited to 365 Days
This platform configuration was implemented by Envestnet in June of 2025 and communicated at that time. This notice serves as a reminder that the change is in effect. To help ensure accounts remain aligned with their managed models and continue to benefit from model updates, trade hold durations are capped at one year.
- Advisors will receive alerts every 90 days via the IP Exception Report to confirm the hold remains
- A final alert will be issued during the fourth 90-day period, indicating the hold will be automatically
- After 365 days, trade holds will be lifted, and accounts will automatically resume trading in accordance with their assigned model.
Lift Cash Task Auto-Completion Enhancements
Enhancements to Lift Cash task processing are designed to reduce manual intervention and improve operational efficiency.
- Tasks will automatically close when the full raised amount has been
- If a residual balance remains:
- Tasks will close when the remaining amount is both less than 20% of the original request and under $500.
- Tasks will also automatically close after 60 days, regardless of the remaining balance. Any remaining funds will be reallocated into the model portfolio.
These improvements help ensure assets are reinvested in a timely manner and reduce the likelihood of compounding errors within your client accounts.
Low Cash Monitoring (Portfolio Manager Accounts)
A new Low Cash monitoring alert has been introduced to help advisors proactively manage fee readiness.
- Alerts are triggered when managed cash falls below 75%.
- Located in Illuminations > Investment Policy
- Advisors are encouraged to review flagged accounts, particularly ahead of quarter-end, to ensure sufficient cash is available to cover fees.
Bond Credit Quality Monitoring
To enhance oversight of fixed income holdings, a new bond credit quality monitoring policy has been implemented for Directions and Compass accounts.
- Alerts are triggered when:
- Credit ratings decline, or
- Bonds are
- Ratings are based on Moody’s and Fitch and normalized to a 0–100
- Bonds rated below A- (score <72 / BBB+ or lower) will generate an
Advisors should review impacted accounts to determine whether any action is needed.
Questions?
These enhancements are part of our ongoing commitment to improving your operational experience and supporting scalable growth on the FMAX platform.
If you have any questions regarding these configurations or the corresponding Investment Policy alerts displayed on your dashboard, please contact the Illuminations Service Team at 1-800-344-7437 (option 2, option 2, option 2).
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