CHICAGO and MIAMI, Oct. 25,
2021 /PRNewswire/ -- Envestnet, one of the largest
ecosystems transforming the way financial advice and wellness are
delivered, and YieldX, a FinTech company reimagining fixed income,
today announced they are entering into a strategic relationship.
Envestnet will distribute YieldX technology and products through
its platform, empowering advisors to help clients achieve better
fixed-income investment outcomes. Completing a year of significant
growth and opportunity, YieldX also closed its round of Series A
funding led by Envestnet.
"We are fully vested in enhancing our ecosystem to intelligently
connect financial lives, and we believe income and protection
solutions are critical to helping make financial wellness a
reality," said Rich Aneser, Chief
Strategy Officer of Envestnet. "Through our strategic
partnership with YieldX, and investing to expand its capabilities,
we are able to bring more income related solutions to market for
helping advisors meet a critical client need."
The investment made by Envestnet will be used to further scale
YieldX's quant, engineering, and analytics teams in order to
support the company's vision of bringing sophisticated fixed income
investment capabilities to a much larger universe of investors.
Additionally, YieldX plans to expand its API suite to facilitate
personalization at scale on a modern technology stack, add new data
and integrations, expand existing ESG (environmental, social, and
governance) and impact customization capabilities, and further
execute on the go-to-market strategy across various use cases.
Envestnet and YieldX are acting on the opportunity to simplify
fixed income investing for the nearly 108,000 advisors and more
than 6,000 companies currently harnessing Envestnet's technology
and services. The partnership with YieldX complements the suite of
income and protection tools available through the Envestnet
ecosystem—such as access to variable annuities from insurance
carriers, and FIDx's Protection Intelligence solution for actively
managing annuities, offered through the Envestnet Insurance
Exchange.
"Upon recognizing the alignment in our visions for the future of
wealth and financial technology, we saw an exciting opportunity to
work with Envestnet," said Adam
Green, Co-Founder and CEO of YieldX. "The depth of the
Envestnet ecosystem and the breadth of its share across several key
markets is impressive. We view this strategic partnership as a
powerful way to level the fixed income playing field for
Envestnet's broad network of advisors and end investors with
solutions that simplify the traditional complexities of sourcing
and trading fixed income assets. We believe the power of our
solutions can make a meaningful impact upon the financial futures
of investors."
YieldX was founded in April 2019
to eliminate historically complex barriers to sophisticated fixed
income investing. The YieldX solutions enable:
- FinTechs to create investment and savings products
around targeted yield and risk parameters, and do so
on-demand.
- Wealth Managers to improve client outcomes by
utilizing YieldX's "no quant" workflows to build and optimize yield
portfolios.
- Broker Dealers to deliver intelligent
insights, trade ideas, and portfolio optimizations at
scale.
- Asset Managers to offer white-label "direct
indexing" fixed income technology that provides investors with
customized, values-based investment solutions.
About Envestnet
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). Envestnet is
transforming the way financial advice and wellness are delivered.
Our mission is to empower advisors and financial service providers
with innovative technology, solutions, and intelligence to make
financial wellness a reality for everyone. Nearly 108,000 advisors
and more than 6,000 companies—including 17 of the 20 largest U.S.
banks, 46 of the 50 largest wealth management and brokerage firms,
over 500 of the largest RIAs, and hundreds of FinTech
companies—leverage Envestnet technology and services that help
drive better outcomes for enterprises, advisors, and their
clients.
For more information, please visit www.envestnet.com, subscribe
to our blog, and follow us on Twitter (@ENVintel) and LinkedIn.
About YieldX
YieldX is reimagining fixed income. YieldX offers a
digital-native API-first analytics and modeling platform. Our 'no
quant' apps are transforming the way everyone from wealth managers
to broker-dealers and fintech apps design and deliver optimized,
personalized income investing solutions at scale. YieldX offers
complete flexibility, with a choice of end-to-end technology and
asset management solutions, custom investment universes, and
white-labeled offerings, so clients can select the capabilities
that best meet their needs.
For more information, visit YieldX.app.
Media Contact for Envestnet:
Laura Marvin
JConnelly
973.349.2959
envestnetpr@jconnelly.com
Media Contact for YieldX:
Heather Valle
Caliber Corporate Advisers
heather@calibercorporateadvisers.com
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SOURCE Envestnet, Inc.; YieldX