Pontera Announces Integration with Envestnet, Incorporating Its 401(k) Management Capabilities Into Envestnet’s Ecosystem

Rhea-AI Summary

Pontera has integrated its retirement account management technology with Envestnet's Tamarac platform, enabling financial advisors to manage 401(k), 403(b), and other employer-sponsored accounts. This integration allows for a holistic view of clients' financial assets, enhancing the ability to plan, review, and bill for these accounts. According to Federal Reserve data, the median American family holds over half of their net worth in retirement accounts. Pontera's solution aims to improve client financial outcomes by facilitating professional management of these accounts, potentially adding over three percent in annual returns.

Positive

• Integration with Envestnet's platform enhances service offerings for financial advisors.
• Enables holistic management of retirement accounts, which can improve client satisfaction.
• Potential for increased returns (over 3% annually) through professional account management.

Negative

• None.

Advisors on the Envestnet |Tamarac platform can manage 401(k), 403(b) and other retirement savings accounts to present aggregated portfolio performance

NEW YORK--(BUSINESS WIRE)-- Pontera, the technology platform that enables financial advisors to trade and manage 401(k), 403(b), and other held-away retirement accounts, today announced that Envestnet has integrated its solution into its financial wellness ecosystem. With this integration, advisors and financial professionals can plan, review, and bill on employer-sponsored accounts in applications within the Envestnet | Tamarac platform. The integration enables advisors to incorporate clients’ retirement savings account balances into holistic views of their entire financial life.

“Our integration with Envestnet reflects our collective commitment to delivering technology that helps advisors create better financial outcomes for their clients,” said Dave Goldman, Chief Business Officer of Pontera. “We are proud to partner with Envestnet to enable more clients to manage their retirement and investment allocations in a single view.”

The median American family holds over half of their net worth in retirement accounts, according to Federal Reserve data. Utilizing Pontera capabilities within Envestnet applications, advisors can view held-away account data, run aggregated and performance reporting, and bill on those accounts in the Envestnet ecosystem. Recent studies found that professional management of accounts can add more than three percent of accretive annual returns, net of fees.

“We have a shared goal to help resolve a longstanding problem for retirement savers—the ability to have the entirety of their assets professionally managed by their trusted advisor to better achieve an Intelligent Financial Life,” said Dani Fava, Group Head, Product Innovation at Envestnet. “This integration enables advisors to manage 401(k)s on behalf of their clients and gives them the ability to include these accounts in their existing billing process.”

About Pontera

Pontera is a Fintech company on a mission to help millions of Americans retire better by enabling financial advisors to manage, trade and report on assets in held away accounts, including 401(k)s, 403(b)s, 529s and more. The platform is designed to work across many account types and seamlessly integrate with existing portfolio management tools to help advisors improve their clients' financial outcomes. Founded in 2012 as FeeX, Pontera is headquartered in New York City. Learn more at pontera.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230201005423/en/

Will Ruben

StreetCred PR for Pontera

847-208-8289

William@streetcredpr.com

Dana Taormina

JConnelly for Envestnet

973-647-4626

envestnetpr@jconnelly.com

Source: Pontera

FAQ

What is the recent announcement related to Envestnet (NYSE:ENV)?

Pontera announced its integration with Envestnet's Tamarac platform, allowing financial advisors to manage retirement accounts effectively.

How does the integration with Pontera benefit Envestnet (NYSE:ENV)?

The integration allows advisors to offer a more comprehensive service, managing clients' retirement accounts alongside other investments.

What types of accounts can be managed through Envestnet after the Pontera integration?

Advisors can manage 401(k), 403(b), and other employer-sponsored retirement accounts.

What impact could the Pontera integration have on financial returns for clients of Envestnet (NYSE:ENV)?

Research suggests that professional management of retirement accounts could lead to over 3% additional annual returns.