CHICAGO, July 15, 2014 /PRNewswire/ -- Envestnet |
Retirement Solutions (ERS), a majority owned subsidiary of
Envestnet, Inc. (NYSE: ENV), and a leading provider of unified
retirement technology and services to retirement advisors announced
today that it has completed the acquisition of Klein Decisions
Inc., a firm that provides participant advice and guidance
solutions to retirement plans.
Klein's patented behavioral and financial analysis-based
participant advice solutions strengthen ERS's - product and service
offerings for retirement advisors.
"The addition of Klein's technology to our retirement platform
consisting of fund research, compliance assistance and practice
management tools, and reporting and data aggregation further
enhances our ability to offer intelligent managed account solutions
for plan participants," said Babu Sivadasan, Group President of
Envestnet | Retirement Solutions. "This acquisition significantly
advances our ability to work with key record-keeping partners in
delivering a truly integrated participant experience to advisors
and their clients. We are thrilled to have the Klein team join our
mission to help enhance the outcomes for participants."
"Klein is very excited to join the Envestnet Retirement
Solutions team and I believe that the additional resources of ERS
will allow the delivery of participant services far beyond what we
could have achieved alone," added Robert L. Padgette Founder of
Klein Decisions and now Senior Vice President of Envestnet |
Retirement Solutions. "Participants in retirement plans are in
desperate need of total lifetime strategies driven by both
behavioral and financial analysis. K4 Plan Goals
and K4 Retirement Income create these complete
solutions to help participants on their way to a successful
lifetime plan."
ABOUT ENVESTNET | RETIREMENT SOLUTIONS
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified
wealth management technology and services to investment advisors.
Our open-architecture platforms unify and fortify the wealth
management process, delivering unparalleled flexibility, accuracy,
performance and value. Envestnet solutions enable the
transformation of wealth management into a transparent,
independent, objective and fully-aligned standard of care, and
empower advisors to deliver better outcomes.
Envestnet | Retirement Solutions (ERS), a subsidiary of
Envestnet, Inc. provides retirement advisors with an integrated
platform that combines one of the industry's leading practice
management technology, research and due diligence, data
aggregation, compliance tools and intelligent managed account
solutions. ERS leverages Envestnet's advanced capabilities and
resources, along with its experience in investment research,
portfolio construction and investment management, to meet the
specialized needs of each retirement plan stakeholder, from plan
participants to sponsors, advisors to home offices and record
keepers to DCIOs.
For more information on Envestnet Retirement Solutions, please
visit www.envestnet.com.
CONTACT:
Laura Simpson
Jennifer Connelly Public Relations
(973) 850-7319
lsimpson@jcprinc.com
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SOURCE Envestnet | Retirement Solutions