REDWOOD CITY, Calif.,
Nov. 17, 2016 /PRNewswire/
-- Envestnet | Yodlee (NYSE: ENV) and its parent company
Envestnet, today announced a partnership for the combined
organization, providing data aggregation, digital applications and
data reconciliation solutions to Morgan Stanley, one of the
largest, most established wealth management businesses in the
industry.
"Envestnet and Yodlee are proud to announce Morgan Stanley as a
new client, demonstrating our combined organization's growing
success selling more comprehensive solutions to large,
sophisticated financial institutions," said Anil Arora, Chief
Executive of Envestnet | Yodlee. "We are obviously thrilled with
this partnership and look forward to building value for Morgan
Stanley's advisors and clients with our combined market leading
technology."
Morgan Stanley, which manages over $2
trillion in client assets, entered into the agreement for
both Yodlee data aggregation and digital applications and Envestnet
data reconciliation, providing Morgan Stanley with a technology
partner that could seamlessly aggregate, cleanse, and reconcile
data using the latest machine learning technologies and innovative
applications.
For more information about Envestnet | Yodlee, please visit
www.yodlee.com.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified
wealth management technology and services to financial enterprises
and advisors. Our solutions unify and fortify the wealth management
process, delivering unparalleled flexibility, accuracy,
performance, and value. Envestnet enables the transformation of
wealth management into a transparent, independent, objective, and
fiduciary standard of care, and empowers enterprises and advisors
to more fully understand their clients and deliver better
outcomes.
Envestnet's Advisor Suite 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, personalized
financial apps and services for millions of consumers. Envestnet |
Tamarac provides leading rebalancing, reporting, and practice
management software for advisors.
More than 52,000 advisors and 2,500 companies including: 16 of
the 20 largest U.S. banks, 38 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
(https://twitter.com/envintel).
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SOURCE Envestnet | Yodlee