Financial adviser technology giant and turnkey asset management platform Envestnet Inc. is cancelling its annual Advisor Summit conference due to concerns about the spreading COVID-19 virus.
The Envestnet conference was scheduled to be held April 29 and 30 in Austin, Texas.
The city of Austin has already cancelled the massive South by Southwest music event, which was originally scheduled to begin March 13. Envestnet was hoping the situation would improve by the time of its conference in late April, according to a statement published on theAdvisor Summit conference website.
Envestnet is refunding registration fees for all attendees.
“Our Advisor Summit is something we look forward to each year, and we know that this decision may disappoint you. We certainly are disappointed,” representatives of Envestnet said in the statement. “While everyone at Envestnet would like to hold the annual Advisor Summit as planned, we know that this is the right decision. The health and safety of our employees, clients, sponsors, partners, and all involved with the Advisor Summit remains our top priority.”
Envestnet is considering alternative options for attendees to access some of the conference content digitally, but no specific plans have been announced.
The next Advisor Summit will be held in April 2021 in Nashville, Tenn.