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ENVESTNET, INC. - ENV STOCK NEWS

Welcome to our dedicated page for ENVESTNET news (Ticker: ENV), a resource for investors and traders seeking the latest updates and insights on ENVESTNET stock.

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.

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Envestnet, Inc. (NYSE: ENV) announced its participation in several upcoming virtual investor conferences. Key dates include:

  • June 3, 2021 - William Blair’s 41st Annual Growth Stock Conference
  • June 8, 2021 - Baird’s 2021 Global Consumer, Technology and Services Conference
  • June 9, 2021 - Stifel 2021 Cross Sector Insight Conference (10:00 AM ET)
  • June 10, 2021 - Piper Sandler Global Exchange and FinTech Conference (11:30 AM ET)

Investors can access presentations via the company's investor relations website.

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Envestnet (NYSE: ENV) reported its Q1 2021 financial results, achieving total revenues of $275.1 million, a 12% increase from Q1 2020. The company posted a net income of $14.9 million compared to a loss of $7.2 million a year earlier. Adjusted EBITDA rose 25% to $68.3 million, marking strong growth driven by an 18% increase in asset-based recurring revenues. However, operating expenses increased 2% to $258.3 million. Envestnet has a strong cash position with $372 million in cash and an undrawn $500 million revolving credit facility.

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Envestnet, Inc. (NYSE: ENV) will release its first quarter 2021 financial results on May 6, 2021, after market close. A conference call and earnings webcast is scheduled for the same day at 5:00 PM ET. Investors can access the live webcast via the Company's investor relations website. Envestnet aims to transform financial advice delivery, empowering more than 106,000 advisors across 5,100 companies, including major U.S. banks and wealth management firms, with innovative technology to enhance financial wellness.

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Envestnet | MoneyGuide announced a partnership with Oyster Consulting to enhance financial planning services for advisors. This collaboration aims to help firms, particularly those that haven't traditionally offered planning, to provide cost-effective financial plans to clients. The partnership is backed by research indicating a nearly 60% increase in planning penetration for firms using a hybrid approach. Paraplanners from Oyster Consulting will receive specialized training on MoneyGuide's tools, helping advisors optimize financial planning for their clients.

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Envestnet, Inc. (NYSE: ENV) welcomes Chris Shutler, CFA, as its new Head of Market Intelligence. Shutler will leverage his extensive experience in wealth management and financial technology to inform Envestnet's strategic roadmap and enhance its financial wellness ecosystem. He replaces Karen Lanzetta, who retired after a significant tenure. Shutler's past roles include serving as a Research Analyst at William Blair, focusing on wealth management, asset management, and FinTech. This leadership change aims to strengthen Envestnet's position as a thought leader in the financial advisory sector.

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Envestnet (NYSE: ENV) has announced a multi-year partnership between Abe.ai and Lumin Digital, enhancing digital banking solutions for financial institutions. The partnership integrates Abe.ai's Virtual Financial Assistant (VFA) into Lumin's digital banking platforms, allowing clients to conduct banking transactions, access insights, and engage in natural language interactions. This collaboration aims to improve user experience while providing seamless access to additional financial tools and analytics, reinforcing Envestnet's commitment to innovation in financial services.

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On April 13, 2021, Envestnet (NYSE: ENV) announced an expansion of its partnership with Practifi, enhancing integration between their platforms. This full integration facilitates automated workflows and provides advisors with unified client data and tools across the Envestnet ecosystem, including MoneyGuide. Key benefits include improved efficiency for client management, proposal launching, and real-time access to financial plans. The partnership aims to empower advisors with data-driven insights for better client relationships and operational scaling.

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Envestnet, Inc. (NYSE: ENV) announced an expansion of its partnership with Practifi, enhancing their integration for financial advisors. This upgrade allows Practifi's tools to be accessible within the Envestnet ecosystem, including MoneyGuide. Key benefits include improved efficiency through automated workflows, support for growth initiatives, and streamlined client data management. The integration aims to empower over 106,000 advisors to provide better financial wellness solutions and deepen client relationships. This collaboration follows their initial partnership in 2019, showcasing a commitment to innovation in wealth management.

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Envestnet (NYSE: ENV) has acquired Harvest Savings & Wealth Technologies, enhancing its fintech capabilities. This acquisition aims to provide banks and credit unions with automated goals-based savings tools, bolstering Envestnet's financial wellness ecosystem. Harvest's platform allows for automated micro-savings and seamless digital account openings, optimizing customer engagement and compliance. With increasing demand for digital solutions, this move is projected to strengthen Envestnet's market position and address the U.S. savings crisis.

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FAQ

What is the current stock price of ENVESTNET (ENV)?

The current stock price of ENVESTNET (ENV) is $63.14 as of November 25, 2024.

What is the market cap of ENVESTNET (ENV)?

The market cap of ENVESTNET (ENV) is approximately 3.5B.

What does Envestnet, Inc. do?

Envestnet provides unified wealth management technology and services, empowering investment advisors with tools for better client outcomes and practice management.

What is Envestnet's flagship product?

Envestnet's flagship product is the Advisor Suite®, which enhances financial advisors' ability to manage client outcomes and strengthen their practice.

Who uses Envestnet's solutions?

Over 107,000 advisors, 16 of the 20 largest U.S. banks, 500 of the largest RIAs, and many other financial services firms use Envestnet's technology and services.

What significant acquisitions has Envestnet made?

Envestnet acquired Yodlee, a data aggregation provider, in 2015 and MoneyGuidePro, a financial planning tools provider, in 2019.

What is the RIA Growth Lab?

The RIA Growth Lab is a consulting service launched by Envestnet to help RIAs with practice valuation and leveraging technology for growth and productivity.

What are Quantitative Portfolios (QPs)?

Quantitative Portfolios (QPs) are Envestnet's direct indexing solutions that blend tax management with portfolio customization, launched to offer passive investment strategies with a personalized touch.

What is Envestnet's Wealth Management Platform?

Envestnet's Wealth Management Platform provides financial advisors with integrated data, performance reporting, and advanced technologies for enhanced productivity and client engagement.

How can I contact Envestnet for more information?

You can visit Envestnet's website at www.envestnet.com or call their toll-free number at (855) 769-0806 for more information.

How does Envestnet support financial advisors?

Envestnet supports financial advisors by providing technology and solutions that enhance productivity, client engagement, and overall practice management.

What recent events has Envestnet participated in?

Envestnet recently showcased their Wealth Management Platform at the FSI OneVoice conference and celebrated the 10th anniversary of their Quantitative Portfolios.

ENVESTNET, INC.

NYSE:ENV

ENV Rankings

ENV Stock Data

3.49B
54.66M
1.16%
96.95%
5.1%
Software - Application
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United States of America
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