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Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services, empowering investment advisors to optimize their practice and deliver superior client outcomes. The company's open-architecture platforms streamline the wealth management process by providing unparalleled flexibility, accuracy, performance, and value. Envestnet's solutions transform wealth management into a transparent, conflict-free, and fully-aligned standard of care.
Envestnet's flagship product, Advisor Suite®, equips financial advisors with the tools they need to enhance client outcomes and strengthen their practice. Additionally, Envestnet's Portfolio Management Consultants (PMC®) group offers institutional-quality research and advanced portfolio solutions. The Tamarac platform provides high-end RIAs with cutting-edge software for trading, rebalancing, portfolio accounting, performance reporting, and client relationship management.
In November 2015, Envestnet acquired Yodlee, a data aggregation provider, enhancing their data and analytics capabilities. The 2019 acquisition of MoneyGuidePro further expanded Envestnet's financial planning tools. Envestnet's latest achievements include the launch of the RIA Growth Lab, a consulting service aimed at helping RIAs with practice valuation, leveraging technology for actionable insights and peer benchmark grades.
Envestnet's ecosystem supports over $5.4 trillion in platform assets, with more than 107,000 advisors, 16 of the 20 largest U.S. banks, and 500 of the largest RIAs using their technology and services. The company is dedicated to transforming the delivery of financial advice by connecting daily financial decisions with long-term financial goals, helping individuals lead an Intelligent Financial Life™.
Recent developments include the celebration of the 10th anniversary of Envestnet's Quantitative Portfolios (QPs), which offer direct indexing solutions combining tax management with portfolio customization. Envestnet's robust Wealth Management Platform was also highlighted at the FSI OneVoice conference, showcasing advanced technologies that improve advisor productivity and client engagement.
For more information on Envestnet, visit their website at www.envestnet.com, or call their toll-free number at (855) 769-0806.
Envestnet has unveiled enhancements to its technology ecosystem aimed at improving the services for financial advisors and clients. Key features include automated tax management, sustainable investing strategies, and advanced account setup tools. The updates, part of the spring releases, are designed to streamline the advisor-client experience and will be showcased at the upcoming 2022 Envestnet Advisor Summit. These innovations reflect Envestnet's commitment to empowering over 108,000 advisors and more than 6,000 companies with advanced financial technology solutions.
Envestnet has partnered with Door, a digital due diligence platform, to enhance research efficiency for asset managers. This collaboration aims to streamline the information management process by digitizing due diligence questionnaires, enabling real-time updates on key metrics such as investment risk and sustainability. With over 400 asset managers represented, the partnership will facilitate better risk management and improve the exchange of crucial information, benefitting advisors and their clients.
Envestnet announced its expansion into the small to medium-sized business (SMB) market with new data and digital solutions. This initiative aims to enhance financial wellness for SMB owners by integrating data across various applications. Envestnet’s partnership with upSWOT will help deliver these solutions through advisors, banks, and FinTechs. The move reflects a commitment to meet evolving financial needs in the SMB sector, leveraging data and AI to foster better business insights.
Envestnet, Inc. (NYSE: ENV) will announce its first quarter 2022 financial results on May 5, 2022, after market close. A conference call to discuss these results will follow at 5:00 PM ET on the same day. Investors can access the live webcast via the company's investor relations website. Envestnet supports over 108,000 advisors and more than 6,000 companies, including major banks and wealth management firms, with innovative financial technology and solutions aimed at enhancing client financial wellness.
On March 31, 2022, UBS, Envestnet, and iCapital launched the Alternatives Exchange, enhancing access to over 35 alternative investment funds for Envestnet's clients. This initiative responds to rising demand from high-net-worth investors, projected to grow private equity investments to $1.2 trillion by 2025. The platform aims to streamline the investment process through automated services and centralized document management. Additionally, the AltsEdge™ Certificate Program offers educational resources for advisors to better navigate alternative investments.
Envestnet (NYSE: ENV) announces the return of its in-person Advisor Summit, scheduled for May 11-12, 2022, in Charlotte, NC. This key industry event, featuring notable speakers like Danica Patrick and Peter Diamandis, aims to showcase Envestnet's innovative financial wellness ecosystem. Attendees will gain insights into breakthrough technologies and solutions that empower advisors. The summit includes a dynamic agenda with multiple presentations and sessions, focusing on various industry trends and opportunities.
Envestnet, Inc. (NYSE: ENV) has appointed Farouk Ferchichi as the new Global Head of Envestnet Data and Analytics. His leadership aims to integrate the analytics capabilities of Envestnet | Yodlee, Envestnet Analytics, and Abe AI, driving innovation in the company's financial wellness ecosystem. Ferchichi, who previously served as Chief Data and Analytics Officer, will advance the company's global data strategy, enhancing its role in the analytics industry.
CEO Bill Crager emphasized the importance of data-driven insights for financial decision-making.
Envestnet, Inc. (NYSE: ENV) announced participation in three investor conferences in March 2022:
- March 8: Fireside chat at the JMP Securities Technology Conference, San Francisco, CA at 11:30 AM ET.
- March 9: Fireside chat at the Raymond James Institutional Investors Conference, Orlando, FL at 9:50 AM ET.
- March 10: Fireside chat at the Wolfe Research FinTech Forum, New York, NY at 10:25 AM ET.
Investors can access the presentations at the investor relations website.
Envestnet (NYSE: ENV) reported Q4 and FY 2021 results showing a 21% revenue increase to $319.6 million for Q4, and a 19% rise to $1.2 billion for the year. Asset-based recurring revenues surged by 34%, constituting 61% of Q4 revenue. Despite revenue growth, net income fell to a loss of $5.3 million in Q4, with a diluted loss per share of $0.09. Operating expenses rose by 27% in Q4, impacting profitability. Adjusted EBITDA decreased by 14% in Q4. The company forecasts continued growth for 2022 amid market uncertainties.
Envestnet, Inc. (NYSE: ENV) will release its fourth quarter and full year 2021 financial results on February 24, 2022, after market close. Following this, a conference call will be held on the same day at 5:00 PM ET to discuss these results. Interested parties can access the live webcast via the company’s investor relations website. Envestnet is committed to innovating financial advice delivery, supporting nearly 108,000 advisors and over 6,000 companies in its mission to enhance financial wellness.
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