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Envestnet's Technology Roadmap Focuses on Client Engagement and Enhanced Data AggregationCHICAGO, May 17, 2018 /PRNewswire/ -- Envestnet (NYSE: ENV) today is unveiling several technology enhancements developed with the continued objective of empowering advisors and enterprises to deliver better financial outcomes through better intelligence. The new technology updates are being announced during the Envestnet Advisor Summit, which is currently underway at the Ernest N. Morial Convention Center in New Orleans. In these and other enhancements, Envestnet continues to build a more integrated approach for advisors to deliver financial wellness to their clients, across planning, budgeting, investing, credit and protection. "These enhancements support our vision for an advisor-centric, integrated platform that strengthens the advisor's ability to deliver high quality counsel and meaningfully engage with end clients," said Lincoln Ross, Executive Vice President, Head of Product Management and Marketing, Envestnet. "Continuous innovation positions Envestnet well to deliver on a financial wellness network that connects software, services, data and people – bringing intelligence and confidence to financial decisions." Enhanced Technology to Support More Meaningful Client Engagement
Registered Investment Advisors (RIAs) leveraging the Tamarac platform will also see the addition of enhanced financial planning capabilities, which will enable both cash-flow and goals-based investing in a single client portal. As part of this effort, Envestnet | Tamarac will deliver new prospecting, onboarding and tasking capabilities to provide an end-to-end and streamlined client engagement experience. The planned enhancements will empower RIAs to offer a more digitized version of their online and mobile experience for Millennials and HENRYs (high earners, not rich yet), while also providing a more high-tech/high-touch approach for ultra-high-net-worth clients. "To meet the unique needs and requirements of RIAs and their clients, we continue to evolve our offerings," said Brandon Rembe, managing director at Envestnet, chief technology officer at Tamarac. "The new integrations with financial planning and enhanced digital features will empower RIAs to differentiate their firms and deliver alue to their clients in a way that positions them for success." Envestnet also announced today a formal partnership with LifeLock®, an industry leading identity theft protection service. Under this partnership, Envestnet will offer the LifeLock services to advisors and their clients and make it available later in 2018 through its customer portals. This service enables advisors to solidify their role as a trusted partner in managing and helping protect their client's finances. Additionally, Envestnet is announcing current and planned updates to its client portal and digital advice program, a highly customizable digital investment solution that combines the simplicity of a robo-offering with a reputable infrastructure that automates financial planning and investment processes. The enhancements aim to harmonize data aggregation, personal financial management and financial planning to more effectively enable financial wellness. Program highlights include:
"We are continuously looking for ways to help advisors and institutions embrace digital solutions more effectively," said Blake Wood, Senior Vice President of Product Development at Envestnet. "Through our new client portal and enhanced Logix planning tools, advisors are able to leverage interactive technology to personalize their approach to advice according to the needs of their clients." Expanded Data Aggregation Capabilities to Streamline Onboarding Solution features include:
"Our technology has been designed and built to not only elevate the advisor-client relationship but also to support holistic advice through streamlined and secure data aggregation and data accuracy," said Colby Payne, VP of Wealth Solutions at Envestnet | Yodlee. About Envestnet Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions. More than 87,000 advisors and 3,000 companies including: 16 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences and help drive better outcomes for enterprises, advisors and their clients. For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel. About LifeLock
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