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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.
UBS, Envestnet, and iCapital Network announced a strategic relationship to provide access to curated alternative investment products via Envestnet's platform. This initiative includes the launch of the Alternatives Exchange, leveraging iCapital's technology for streamlined access. Envestnet's portfolio consulting group will oversee the initiative, aiming to enhance financial services for high-net-worth clients. UBS is creating a dedicated group to support these efforts, emphasizing the growing importance of alternative investments in diversified portfolios.
Envestnet (NYSE: ENV) has announced that Sterling Trustees has joined its Trust Services Exchange, enhancing its offerings for Registered Investment Advisers (RIAs) and broker-dealers. The Envestnet Trust Services Exchange provides an advisor-centric solution, integrating various aspects of trust management. Sterling Trustees specializes in South Dakota trust administration, offering benefits such as no state income tax and unlimited trust duration. This collaboration aims to empower advisors in managing the wealth transfer process effectively, thereby facilitating client relationships across generations.
Envestnet | Yodlee (NYSE: ENV) has announced the availability of its data analytics products on Amazon Web Services (AWS) Data Exchange, enhancing access to third-party data for businesses. This collaboration aims to facilitate quick access to insights on investment management and corporate planning, informing key decisions affecting revenue and risk. Bill Parsons, Group President of Data Analytics, emphasized the improved integration of their analytics due to this partnership, providing a streamlined experience for AWS customers.
Envestnet, Inc. (NYSE: ENV) will host a virtual Investor Day on June 29-30, 2021. The event features presentations from leadership on the company's vision, growth strategy, and financial overview. Key topics include:
- The Intelligent Financial Life: Unlocking the Network Effect
- Pursuing the Opportunity Ahead
- Fueling Growth Through Data Intelligence
- Financial Wellness Solutions
- Modernizing the Digital Engagement Marketplace
- Opening the Platform for Expansion
- Activating a Go-to-Market Strategy
- Driving Profitability and Accelerated Revenue Growth
The Q&A session will be webcast live on June 30 at 5:00PM ET.
Envestnet | Yodlee (NYSE: ENV) announced the launch of an enhanced Developer Portal aimed at improving the developer experience in creating personalized financial solutions. Following a remarkable 1500% rise in developer engagement over the last year, the new portal streamlines access to financial data, facilitating quick market entry for FinTechs. The platform boasts billions of API calls and offers resources for rapid integration. This initiative aligns with the industry's shift towards digital transformation, allowing even smaller firms to leverage advanced tools for wealth management.
Envestnet | Yodlee (NYSE: ENV) announced a partnership with Snowflake to enhance access to its data analytics products on the Snowflake Data Marketplace. This collaboration aims to simplify the procurement and integration of data analytics, aiding businesses in making informed decisions based on key market insights, such as consumer spending trends. The initiative is expected to broaden the scope of Envestnet | Yodlee's analytics offerings, allowing easier access for Snowflake users.
Envestnet | Yodlee's recent survey reveals strong support for open banking among financial service leaders, with 92% believing consumers will benefit. Many anticipate that their own sectors will benefit, with 54% of FinTech leaders expressing optimism. Key findings include 83% declaring new business opportunities vital, while risks like data security and privacy remain concerns for 83% of respondents. Looking forward, 66% plan to implement open banking initiatives within 18 months. Despite only 21% seeing a significant immediate impact, 59% expect transformative results in five years.
Envestnet (NYSE: ENV) announced the launch of its Envestnet Credit Exchange, providing access to a variety of residential real estate and unsecured lending products for clients. This expansion includes partnerships with lenders such as Ally Home, Better, Guaranteed Rate, Upgrade, and LightStream. The Credit Exchange allows financial advisors to offer loans ranging from $10,000 to $25 million, addressing clients' major credit needs. Andrew Stavaridis emphasized that integrating credit solutions is essential for advisors to support their clients' financial wellness.
Envestnet (NYSE: ENV) and FIDx have integrated AIG Life & Retirement's annuity solutions into their platform, enhancing access for financial advisors. This includes fee-based fixed, index, and variable products, providing strategies for income and protection. The AIG suite includes products like the Polaris® Advisory variable annuity and Power Index Advisory® index annuity, aimed at enriching retirement portfolios. The collaboration strengthens FIDx's mission to enhance annuity distribution, benefiting financial advisors and their clients.
Envestnet (NYSE: ENV) announces registration for the Advisor Summit On-Demand, set for June 22-24, 2021. This virtual event offers free access to over 50 sessions focusing on enhancing advisors' practices through technology, AI, and investment strategies. Keynote speakers include industry leaders from BlackRock and the World Economic Forum. Advisors can earn continuing education credits and engage with innovative solutions to improve client services. Additionally, the 2021 Asset Manager and Strategist of the Year Awards will be announced during the summit.
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