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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 (NYSE: ENV) has introduced the Envestnet Retirement Analytics solution for enterprise home offices, enabling better insights into employer-sponsored retirement plans. This analytics tool aggregates data from various sources, allowing users to identify investment opportunities and monitor performance. The solution offers customizable reports and actionable insights tailored to team member roles. The company emphasizes its commitment to empowering advisors with advanced analytics for improved client outcomes. More details will be shared in a webinar on September 16, 2020.
FIDx has partnered with Envestnet | MoneyGuide to enhance financial planning for insurance-licensed financial professionals. This collaboration will allow advisors to implement annuity strategies directly within MoneyGuide software, addressing income gaps for clients. The integration aims to streamline access to annuities, promoting better retirement planning. Rich Romano, CEO at FIDx, emphasized the reduction of technology fatigue for advisors, while Tony Leal of MoneyGuide highlighted the importance of addressing financial gaps. The partnership adds to MoneyGuide's extensive network of integrations.
Envestnet | Yodlee (NYSE: ENV) announced its new Insights Solutions, aimed at enhancing hyper-personalization in financial services. These solutions, launching in Q3 2020, provide APIs that enable financial institutions to deliver personalized customer experiences through actionable insights and predictive capabilities. The financial services industry stands to gain between $200 billion and $450 billion from hyper-personalization. The offerings include cash flow predictions, spending alerts, and insights into financial wellness to help consumers make informed financial decisions.
Benzinga has partnered with Envestnet | Yodlee ahead of its Global FinTech Awards. The collaboration aims to foster innovation in financial services, highlighting categories such as Alternative Data and Digital Banking. With over 20 years of experience, Envestnet | Yodlee supports over 1,300 financial institutions. This partnership seeks to recognize companies that have excelled despite challenges posed by COVID-19, signaling a commitment to ongoing financial innovation and support for the fintech ecosystem.
Envestnet | MoneyGuide announced the integration of free plan analytics via Envestnet Analytics into its platform. This new software-as-a-service tool will offer advisors insights into planning usage and key metrics through online dashboards. Advisors will have access to detailed client data analysis and segmentation, assisting them in delivering impactful financial advice. The initiative is part of Envestnet's mission to enhance financial wellness, having achieved over 200 integration partnerships. Interested parties can learn more by attending upcoming webinars on August 4 and August 13, 2020.
Envestnet, Inc. (NYSE: ENV) has partnered with Hornor, Townsend & Kent, LLC (HTK) to launch the Envestnet Insurance Exchange, integrating annuity products into HTK's investment advisory services. This platform allows HTK's financial professionals to offer clients a streamlined solution for combining annuities with traditional investments. The exchange enhances workflow efficiencies and client service, enabling pre- to post-issuance management of annuity solutions. Executives at HTK express optimism about this innovation, emphasizing its alignment with client demands for financial protection amidst economic uncertainty.
Envestnet, Inc. (NYSE: ENV) launched The Advisor's Playbook for Leading Your Clients Forward to equip financial advisors amid the COVID-19 pandemic. This resource outlines how the pandemic has reshaped wealth management and provides actionable insights for advisors to enhance client engagement. Key themes include the importance of trust, digital communication, community involvement, and the integration of health and wealth. A webinar discussing the playbook is scheduled for July 23, 2020, providing further insights and continuing education opportunities.
Envestnet, Inc. (NYSE: ENV) announced the winners of the 2020 Asset Manager and Strategist of the Year Awards at the Envestnet Advisor Summit On-Demand. This year's awards recognized portfolio managers who exemplify best practices in investment management. T. Rowe Price Investment Management was honored as the Manager of the Year. The selection process involved a multi-factor methodology assessing performance, tax efficiency, and client service. The Essential Advisor Awards were also presented, celebrating four financial advisors demonstrating key values in client service.
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