Intelligent Financial Life™ Takes Center Stage at Envestnet Advisor Summit 2022

“Envestnet provides a uniquely scaled digital and data-driven ecosystem to enable the industry to meet rapidly evolving consumer needs for a hyper-personalized, intelligently connected financial life,” said Bill Cragerco-founder and CEO of Envestnet. “We couldn’t be more excited to come together with our advisors and partners at this year’s Advisor Summit to demonstrate our focus on innovation and the continued evolution of this ecosystem through new technologies, solutions and intelligence. The new digital and data-driven experiences we offer a holistic approach to wealth and drive client engagement and action – transforming not just advisor practices, but the entire industry.”

Innovations and announcements unveiled at the Envestnet Advisor Summit include:

Truelytics acquisition: In line with Envestnet’s strategy to further connect its ecosystem by creating transformative progress for advisors and their clients, the company announces its acquisition of Truelytics, an advisor transition management platform and the first end-to-end system data-driven to help wealth management and insurance businesses attract, grow and retain advisory businesses, while reducing the costs associated with advisor transitions. The Truelytics platform combines data, analytics and wealth management technology from Envestnet to further support advisors across the ecosystem. Terms of the agreement were not disclosed and are not expected to have a material impact on Envestnet’s results of operations or financial condition.

Envestnet Wealth Data Platform: A cloud-based data intelligence solution for wealth management advisory firms, connecting data across an advisor’s practice to activate and unlock value, while uncovering new insights to be carried out in the whole activity of an adviser. This platform brings together portals that support advisors and small businesses, as well as data management, business intelligence, and next best action to power business intelligence at scale and help advisors grow their business and meet the rapidly changing needs of their customers.

Next Generation Customer Portal: Offering a single, data-driven, highly configurable and connected view of a client’s entire financial life, the new interface offers customization at scale allowing advisors to personalize the client journey for multiple people, from mass market to ultra high net worth. This digital experience enables greater transparency during planning sessions, gives clients real-time access to their entire financial life anytime on any device, and makes it easier. The user experience is simple, modern and intuitive.

Envestnet Developer Portal: A streamlined, modern development experience that unifies technology and application programming interfaces (APIs) for the entire Envestnet ecosystem. Customers leveraging multiple solutions on Envestnet now have quick access to public and restricted developer content to quickly integrate and deploy new technologies. Developers can also take advantage of easy-to-use tools, training materials and services to build, test and launch new financial solutions. Click here to learn more about the updated Envestnet Developer Portal.

Impact Rating and Next Best Dollar MyBlocks: New offers within Envestnet | MoneyGuide MyBlocksSM series, Impact Assessment allows clients to determine if their portfolio is in line with their sustainability values, such as social responsibility, climate and more. Next Best Dollar allows advisors to engage with clients and their children, to determine how they can best allocate their income and maximize each paycheque.

Sustainable investing view: Envestnet continues to advance its sustainable technology roadmap, including direct indexing solutions and tax overlay services. The Sustainable Investing View is the latest enhancement and is accessible through the next generation of the Proposal Tool, allowing advisors to customize portfolios for sustainability-focused investors with the click of a button – leveraging research, data and analytics, and technology infrastructure in the Envestnet ecosystem. Sustainable Investment View creates a frictionless workflow for integrating an investor’s sustainability preferences into proposed investment strategies.

Next Generation Commerce: Combining the best elements of Envestnet’s portfolio management platforms, including FolioDynamix and Envestnet | Tamarac, to provide the best portfolio management and trading solutions that enable advisors to adopt effective and scalable practices. New features include a custom and configurable dashboard for initiating stocks, portfolio explorer, deal generation, order review, and order management. Clients benefit from integrations with custodian partners and an integrated wealth management platform experience with proposal generation, reporting, research and invoicing.

For more information and to engage digitally with the Envestnet Advisor Summit, please follow the hashtag #ENVSummit.

About Investnet
Envestnet refers to the family of operating subsidiaries of public holding company Envestnet, Inc. (NYSE: ENV). Envestnet is fully acquired in empowering advisors and financial service providers with innovative technology, solutions and intelligence to help make financial well-being a reality for their clients through intelligently connected financial living. About 107,000 advisors and more than 6,500 companies, including 16 of the top 20 U.S. banks, 47 of the top 50 wealth management and brokerage firms, more than 500 of the largest RIAs, and hundreds of FinTech companies, leverage Envestnet technology and services that help drive better results for businesses, advisors and their clients.

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