CHICAGO, March 15, 2017 /PRNewswire/ -- Envestnet,
Inc. (NYSE: ENV) received three 2017 Family Wealth Report
Awards at an awards dinner held at the Mandarin Oriental in
New York City on March 2, 2017. The firm won in the Portfolio
Management, Compliance and Outsourcing/Business Process Outsourcing
categories.
"Envestnet is dedicated to delivering wealth management
technology tools that help financial advisors enhance their value
proposition and expand client offerings," said Jud Bergman, Chairman and CEO of Envestnet.
"Our commitment to ongoing innovation is truly a team effort, and
we're proud to be recognized for improvements to our integrated
platform across several important areas of focus that help advisors
strengthen client relationships and increase
productivity."
Envestnet won Family Wealth Report Awards in the
following categories:
- Portfolio Management. Envestnet | Tamarac was recognized
for the Advisor View™ portfolio management and
performance reporting application, which is part of the Advisor
Xi® web-based platform for Registered Investment
Advisors (RIAs). Advisor View offers RIAs portfolio analysis,
personal dashboards, customizable PDF reports and powerful billing
capabilities. The client portal engages investor clients with
custom, dynamic reports, account aggregation, personal financial
management tools and a secure platform for communication. The award
reflects the many enhancements made to Advisor View in the past
year, including an innovative feature that enables advisors to
create new accounts that are populated with percentages of the
assets in other accounts.
"We are very pleased to be honored for our focus on outstanding
portfolio management and the caliber of the Advisor View
application," said Stuart DePina,
President of Envestnet | Tamarac. "This award is a testament to
our team's dedication to implementing feedback from the advisors we
serve so we can continually enhance Advisor View's
capabilities."
- Compliance. Envestnet was recognized for integrating a
solid compliance component into its robust turnkey platform. Prior
to the announcement of the Department of Labor Fiduciary Rule,
Envestnet began implementing initiatives to help advisors
understand the implications and requirements of a fiduciary era. In
2016, Envestnet enhanced its wealth management platform to
incorporate the requirements of the potential rule that will impact
advisors in their client relationships, including the Best Interest
Contract Exemption, disclosures and rationalization.
- Outsourcing/Business Process Outsourcing. Envestnet's
wealth management platform was recognized for its range of
offerings and ability to cover a broad spectrum of client needs.
Updates in 2016 included Open ENV, which unbundled Envestnet's
wealth management platform, and an enhanced Advisor Suite, which
offers better user navigation, goal-based planning and household
performance reporting. Advisors can also leverage Yodlee's data
aggregation capabilities to aggregate clients' personal finances
and utilize a sophisticated reporting dashboard that helps them
make decisions that strengthen client relationships and improve
business performance.
Now in their fourth year, the Family Wealth Report Awards
recognize companies, teams and individuals from the global private
banking, wealth management and advisor communities that have
demonstrated innovation and excellence during the previous calendar
year. An expert panel of judges was drawn from both private banks
and trusted advisors/consultants to the sector.
"The firms who triumphed in these awards are all worthy winners,
and I would like to extend my heartiest congratulations. These
awards were judged solely on the basis of entrants' submissions and
their response to a number of specific questions, which had to be
answered focusing on the client experience, not quantitative
performance metrics," said Stephen
Harris, CEO of ClearView Financial Media and Publisher of
Family Wealth Report. "That is a unique, and I believe,
compelling feature. These awards recognise the very best operators
in the private client industry, with 'independence', 'integrity'
and 'genuine insight' the watchwords of the judging process - such
that the awards truly reflect excellence in wealth management."
About Envestnet
Envestnet, Inc. (NYSE: ENV) is the leading provider of
intelligent systems for wealth management and financial wellness.
Envestnet's unified technology enhances advisor productivity and
strengthens the wealth management process. Envestnet empowers
enterprises and advisors to more fully understand their clients and
deliver better outcomes.
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 retirement
advisors with an integrated platform that combines leading practice
management technology, research and due diligence, data
aggregation, compliance tools, fiduciary solutions and intelligent
managed account solutions.
More than 54,000 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.
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SOURCE Envestnet, Inc.