Recognition Spans 'All-In-One' Platforms,
Innovation, Direct Indexing, Retirement, and Annuities Showcasing
Envestnet's Comprehensive Solutions and Integrations
BERWYN,
Pa., Aug. 27, 2024 /PRNewswire/
-- Envestnet (NYSE: ENV), a leading provider of integrated
technology, data intelligence, and wealth solutions, announced that
its ecosystem has been recognized as a finalist for seven 2024
Wealth Management Industry Awards ("Wealthies"). Envestnet's
ecosystem received the highest number of finalists from a field of
more than 1,000 entries across over 400 companies when including
its Exchanges.
To view the full list of finalists, please visit:
https://informaconnect.com/wealth-management-industry-awards/2024-finalists/.
"Envestnet is honored by this recognition, which reflects our
unwavering commitment to empowering financial advisors through our
integrated wealth management platform. Our nominations across
diverse categories underscore the breadth and innovation of the
Envestnet ecosystem," said Molly
Weiss, Group President, Wealth Management Platform,
Envestnet. "We're also excited that Advisor Credit Exchange,
which powers the Envestnet Credit Exchange, is a finalist in two
categories, recognized for its innovation in enabling financial
advisors to seamlessly manage clients' cash and credit alongside
investments."
Celebrating its tenth year in September, the Wealthies recognize
top companies, individuals, and organizations dedicated to
supporting financial advisor success. Envestnet has been named a
finalist this year for the following innovations, reinforcing the
holistic solutions and platform it delivers for financial
advisors:
Quantitative Portfolios (CATEGORY: Direct Indexing for
Asset Managers): Envestnet's Quantitative Portfolios (QPs) are its
internally managed direct indexing solutions for advisors available
on its platform. QRG Capital Management, Inc., an Envestnet
subsidiary, drives the QPs with its research framework,
construction techniques, and portfolio management experience. Over
the past three years, Envestnet's QPs offerings have grown by 40%
annually in accounts and advisors. Since its launch in 2013, direct
indexing has become the most popular separate account strategy
across the Envestnet ecosystem.
Access to Annuities via the Insurance Exchange (CATEGORY:
Insurance): The Envestnet Insurance Exchange, powered by Fiduciary
Exchange, LLC (FIDx), gives access to many types of annuities,
enabling advisors to deliver fully integrated advice through
Envestnet's ecosystem. It provides end-to-end management of annuity
solutions through the Envestnet platform so that advisors can
seamlessly plan, research, propose, open, and actively manage
annuities from leading carriers. A prominent registered investment
adviser began using the Envestnet Insurance Exchange in 2022 and
created a proprietary advisory annuity for its advisors. Since
then, they've expanded the use of the platform to include more than
600 active advisors, with an average of 22 new users each
month.
Retire Complete (CATEGORY: 401(k) Technology for
Retirement Plan Support and Advisor Services): In November 2023, Envestnet deepened its
relationship with Empower to launch Retire Complete, a turnkey
digital 401(k) solution offering retirement plan sponsors access to
high-quality plans within minutes. Envestnet Retire Complete can
support advisors and their business owner clients in the retirement
market, combining Envestnet's fiduciary guidance and investment due
diligence with Empower's personalized communications and
investments, to help more employers provide competitive 401(k)
plans. This solution creates an opportunity for advisors to help
businesses deliver value to their employees—while helping to
address fiduciary concerns and service challenges associated with
running a retirement plan, enabling more organizations to offer a
competitive benefits package for attracting and retaining top
talent.
Envestnet Wealth Management Platform (CATEGORY:
Innovation Platforms): Envestnet has transformed the way fee-based
financial advice is delivered through its Wealth Management
Platform. Serving the wealth management industry for 25 years with
more than $6 trillion in platform
assets, Envestnet is helping to lead the growth of wealth managers
and transforming the way financial advice is delivered through its
ecosystem of integrated technology, advanced insights, and
comprehensive solutions. It is positioned to help advisors adapt to
changes in how essential advice is defined and delivered.
Envestnet Wealth Management Ecosystem (CATEGORY: Unified
(All-In-One) Systems): Envestnet refines its ecosystem to empower
advisors and enterprises, aiming to enable them to maximize the
value they deliver to clients. Envestnet has been at the forefront
of the wealth management industry for 25 years, offering essential
tools and support to empower financial advisors. With a wide range
of services including TAMP, and through partnerships, access to
insurance, credit, trust services, and alternatives, Envestnet's
ecosystem caters to the diverse needs of clients. Leveraging 100+
data insights, with millions of specific account incidents,
advisors can enhance client service delivery and bring efficiency
to their practices. Envestnet's commitment to improving advisors'
daily experiences drives it to innovate, providing
technology-driven solutions that help foster growth, productivity,
and deeper client engagement.
In addition to being named a finalist in these categories, the
Advisor Credit Exchange (ACE), which powers the Envestnet Credit
Exchange, was named a finalist in two categories. The winners for
this year will be announced at a black-tie ceremony on September 5, 2024, at the Ziegfeld Ballroom in
New York City.
About Envestnet
Envestnet is helping to lead the
growth of wealth managers and transforming the way financial advice
is delivered through its ecosystem of connected technology,
advanced insights, and comprehensive solutions – backed by
industry-leading service and support. Serving the wealth management
industry for 25 years with more than $6.2
trillion in platform assets—more than 110,000 advisors, 17
of the 20 largest U.S. banks, 48 of the 50 largest wealth
management and brokerage firms, more than 500 of the largest RIAs
-- thousands of companies, depend on Envestnet technology and
services to help drive business growth and productivity, and better
outcomes for their clients. Data as of 6/30/24.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For a deeper
dive into how Envestnet is shaping the future of financial advice,
visit www.envestnet.com. Stay connected with us for the latest
updates and insights on LinkedIn and
X (@ENVintel).
Through its ACx technology, Advisor Credit Exchange, LLC (¨ACE¨)
provides access to lending solutions for advisors´ clients via the
Envestnet Platform through Envestnet Asset Management´s affiliate,
Envestnet Financial Technologies. Envestnet, Inc. has a financial
interest and occupies board of director positions in ACE. Neither
ACE nor Envestnet offers any loan products or makes any lending
decisions. The funding and administration of all loans is
undertaken by separate and unaffiliated financial institutions.
This press release should not be construed as a recommendation or
endorsement of any particular product, service, bank or
firm.
Plan sponsors will always retain some fiduciary responsibility
and should therefore conduct their own initial and ongoing research
and due diligence on third party service providers, including but
not limited to trustees, investment managers, recordkeepers and
third party administrators.
The Wealthies are awarded to the firms and individuals who are
bringing new innovations to market that make a real difference to
the daily activities of financial advisors. Over 1,000 entries
received from more than 400 companies were considered by the
Wealthies judging panel. Neither Envestnet nor its affiliates paid
any fees to be considered and this award is not indicative of
Envestnet, nor any of its affiliates, partners, or subsidiaries
future performance. The awards will be granted in September 2024 with evaluation based on the
previous 18 months.
MEDIA CONTACTS:
Amy Norcini
Envestnet
amy.norcini@envestnet.com
Andrew Jennings | JConnelly for
Envestnet
envestnetpr@jconnelly.com
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SOURCE Envestnet, Inc.