CHICAGO, Feb. 12, 2021 /PRNewswire/ -- Envestnet,
Inc. (NYSE: ENV) has renewed its agreement with Cetera®,
providing Cetera's network of over 8,000 independent financial
professionals with the full range of technology, data, and
solutions available on Envestnet's unified advice platform. The
Envestnet financial wellness network encompasses financial planning
and budgeting, investing, managing credit, and protecting capital,
powered by data intelligence, and its flagship wealth management
platform to facilitate the selection, delivery, and management of
advisory investment solutions. The firms are teaming up to empower
financial professionals with tools and digital solutions aimed to
drive efficiency, while offering holistic financial planning tools
to help more Americans reach their long-term financial
goals.
"Our growing financial wellness network brings together the
elements required for financial professionals and enterprises to
expand the definition of advice they can provide," said
Bill Crager, Co-Founder and CEO
of Envestnet. "We are proud to be able to team up with
enterprise organizations like Cetera to help deliver scale and a
full array of financial wellness solutions to its network."
With this agreement, Cetera financial professionals and
institutions will continue to have access to the entire suite of
Envestnet | MoneyGuide integrated financial planning tools.
Additionally, Cetera has integrated individual blocks from
MyBlocks™ enabling clients and prospects to engage on
demand throughout AdviceWorks®, the firm's financial
professional and client portal, and MoneyGuideEliteSM,
including distribution planning to help clients navigate
distribution options during retirement.
"We have been fortunate to work with the development teams at
Cetera to help them deliver a world-class platform," said
Tony Leal, President of Envestnet
| MoneyGuide. "We are glad that our innovative financial
planning tools are able to complement Cetera's client and advisor
experience."
Cetera will continue to leverage and build upon technology in
Envestnet's wealth management chassis as the underlying technology
for its award-winning* My Advice Architect® advisory
platform. The platform was voted by its network as one of the most
impactful support resources to their business in a recent internal
survey conducted by the firm.
"Advice is the central component of the financial
professional/client relationship, and Envestnet's financial
wellness network expands the depth and breadth of the advice our
independent financial professionals can offer," said
Adam Antoniades, CEO of
Cetera. "Cetera will continue to expand upon the tools and
technology that enable its network to grow more, and achieve more,
while delivering an Advice Centric Experience on behalf of the
clients they serve."
*My Advice Architect® was recognized
with the technology innovation award at the 2018 and 2019 Bank
Insurance & Securities Association (BISA) Annual
Convention.
About Envestnet
Envestnet, Inc. (NYSE: ENV) 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. Over 105,000 advisors across more than
5,100 companies—including 17 of the 20 largest U.S. banks, 47 of
the 50 largest wealth management and brokerage firms, over 500 of
the largest RIAs, and hundreds of Fintech companies—leverage the
Envestnet platform to grow their businesses and client
relationships.
For more information on Envestnet, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVintel) and LinkedIn.
About Cetera Financial Group®
Cetera Financial Group (Cetera) is a leading financial advice
firm. It empowers the delivery of an Advice-Centric
Experience® to individuals, families and businesses
across the country through independent financial advisors as well
as trusted tax professionals and banks and credit unions. It's
headquartered at 200 N. Pacific Coast Highway, Suite 1200,
El Segundo, CA 90245-5670.
Comprehensive services include: wealth management solutions,
retirement plan solutions, advisory services, practice management
support, innovative technology, marketing guidance, regulatory
support, and market research.
"Cetera Financial Group" refers to the network of independent
retail firms encompassing, among others, Cetera Advisors LLC,
Cetera Advisor Networks LLC, Cetera Investment Services LLC
(marketed as Cetera Financial Institutions or Cetera Investors),
Cetera Financial Specialists LLC, and First Allied Securities, Inc.
All firms are members FINRA/SIPC.
Individuals affiliated with Cetera firms are either Registered
Representatives who offer only brokerage services and receive
transaction-based compensation (commissions), Investment Adviser
Representatives who offer only investment advisory services and
receive fees based on assets, or both Registered Representatives
and Investment Adviser Representatives, who can offer both types of
services.
Cetera and Envestnet are separate and unaffiliated firms, and
are not responsible for each other's services or policies. This
release should not be construed as a recommendation or endorsement
of any particular product, service, or firm.
Media Contacts:
Dana Taormina
JConnelly for Envestnet
973.647.4626
envestnetpr@jconnelly.com
Sean Mogle
Finn Partners
cetera@finnpartners.com
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SOURCE Envestnet, Inc.