CHICAGO, May 19, 2016 /PRNewswire/ -- Envestnet, Inc.
(NYSE: ENV) has unveiled Open ENV to offer differentiated user
experiences, accelerate integrations and extend the availability of
Envestnet's solutions. The roll-out, released as part of
Envestnet's ongoing technology innovation process, was announced
today during the Envestnet Advisor Summit
(http://www.envestnet.com/advisorsummit), which is underway at the
Hilton Chicago.
"Our integrated, end-to-end platform unifies the wealth
management process for advisors and financial enterprises
delivering tremendous productivity and efficiency," said
Josh Mayer, Chief Operating
Officer of Envestnet. "Open ENV will empower advisors and
financial enterprises with new opportunities to leverage our
platform, and will unlock new user experiences differentiated by
practice patterns and unique user preferences."
Open ENV rapidly accelerates the ability to deliver customized
implementations of Envestnet's complete set of capabilities through
a new library of open architecture application programming
interfaces (APIs). The launch of Open ENV leverages the
completion of over 300 technology updates across the Envestnet
platform as part of the company's May release.
"Our API library is the latest innovative solution we have
created to further simplify and personalize how financial
enterprises, advisors and their clients engage with our platform,"
said Scott Grinis, Chief
Technology Officer of Envestnet. "There is so much
best-in-class technology on the Envestnet platform and this
initiative will allow our partners to take advantage of our wide
spectrum of capabilities."
New Investor Suite Enhances Digital Engagement
As part of the release, Envestnet unveiled a new
Investor Suite, which extends the existing Advisor Now
offering with the following enhancements:
- Enhanced user navigation and experience based on extensive
journey mapping and user testing
- Data aggregation and personal financial management tools
- Goals-based planning module including goal tracking and
alerts
- Household performance reporting including aggregated investment
accounts
- Self-service workflow tools for operational requests
Envestnet | Yodlee Integration Powers Lifecycle of
Advice
Also as part of the roll-out, Envestnet announced the initial
integration of Yodlee's data aggregation capabilities into the
Envestnet platform. In this initial release, advisors will
now be able to leverage Yodlee's FastLink to enable clients to
aggregate all their accounts into Investor Suite providing a full
360-degree view of their financial situation. Clients'
user-permissioned and credentialed accounts utilizing this Yodlee
capability will be updated daily on the platform. Additionally, the
data will flow seamlessly into goals-based planning tools and
account opening processes, and will be available for inclusion in
household performance reporting. A few of the personal
financial management tools that will be available on the Investor
Suite include Budgets, Net Worth and Cash Flow Analysis, enabling
deeper client engagement.
"Envestnet and Yodlee form a powerful combination which
reinforces our market leadership, and uniquely positions us to
empower advisors and financial enterprises to provide better
outcomes for their clients," said Anil Arora, Vice Chairman and
Chief Executive, Envestnet | Yodlee. "This initial release
enables enterprises, advisors and their clients to experience
first-hand how Yodlee's data aggregation and personal financial
management applications have added to the breadth and depth of our
cloud-based technology offering."
Accelerated Integrations with Partners
As described in the Product Roadmap session, Open ENV will
accelerate additional integrations with Envestnet's platform
capabilities including Envestnet | Tamarac, Placemark Overlay
Services and Envestnet | Retirement Solutions as well as deepen
Envestnet's strategic relationships with AlphaHedge, CAIS, eMoney
Advisor, MoneyGuidePro®, several custodians, and many
other integration partners.
Also as part of the roll-out, Envestnet has launched the next
phase of Envestnet Intelligence in partnership with Wheelhouse
Analytics. This phase introduces online dashboards and
reporting tools capable of drilling down into greater levels of
detail for asset managers, enterprise firms and advisors. The
dashboards are available through single-sign-on access from the
Envestnet platform and deliver segmentation analytics, trend
analyses, and benchmarking tools that can be harnessed to make
decisions that strengthen client relationships and improve business
performance and operations.
About Envestnet
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's Advisor Suite® software empowers
financial advisors to better manage client outcomes and strengthen
their practices. Envestnet provides institutional-quality research
and advanced portfolio solutions through our Portfolio Management
Consultants group, Envestnet | PMC®. Envestnet | Tamarac
provides leading rebalancing, reporting, and practice management
software.
Envestnet | Yodlee is a leading data aggregation and data
analytics platform powering dynamic, cloud-based innovation for
digital financial services. More than 1,000 companies, including 12
of the 20 largest U.S. banks and hundreds of Internet services
companies, subscribe to the Envestnet | Yodlee platform to power
personalized financial apps and services for millions of consumers.
Envestnet | Yodlee solutions help improve the speed and delivery of
financial innovation, improve digital customer experiences, and
drive better outcomes for our clients and their customers.
For more information on Envestnet, please visit
www.envestnet.com and follow @ENVintel
(https://twitter.com/envintel).
Media Contact: Dana Taormina
JConnelly
(973) 850-7305
dtaormina@jconnelly.com
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SOURCE Envestnet, Inc.