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COVID-19: Client Update

October 9, 2020

Hard to believe that we are nearly seven months into the COVID-19 pandemic. Since the very beginning of this crisis, we have been working to ensure that you have the technologies, solutions, and intelligence you need to help your clients successfully navigate this period and achieve their financial goals.

Throughout our history, Envestnet has been at the forefront of identifying trends in the wealth management industry, and empowering advisors with the tools and insights to deliver essential advice to clients, at scale, in all market conditions.

As we celebrate 20 years of strengthening financial advice, I want to thank you for supporting us the way you have. Below is a retrospective that records the incredible journey we have been on ... special microsite commemorating Envestnet’s 20th anniversary.

Two decades after our founding, we continue to help advisors evolve to make their advice even more essential for clients—and provide it within a digital experience. This is what makes it possible for advisors to expand the definition of their advice, and address every area of a client’s financial life. On September 10, we were honored and humbled to receive the Industry Award, in the Technology Providers—Thought Leadership category, for our Financial Wellness Strategy.

Our peers in the industry also recognized the ongoing innovation of our platform by conferring a second Industry Award on Envestnet, in the Insurance—Technology category, for the Envestnet Insurance Exchange.

I could not be more proud of team here at Envestnet, but mostly, incredibly proud of our profession and how advisors have risen to the occasion to support their clients during such an incredible time.

We are continuing to take steps to ensure we remain positioned to empower you with the technologies, solutions, and intelligence required for delivering essential advice. To that end, we recently announced that industry veteran Dana D’Auria has joined our organization as Co-Chief Investment Officer of Envestnet. Dana, who has worked in close partnership with us for the past 14 years, will harness her expertise to help us grow and align Envestnet | PMC’s fiduciary solutions, overlay services, and research and portfolio management resources.

To foster further innovation, and inspiration, within the wealth management industry, Envestnet has partnered with prominent thought leader Suzanne Siracuse, former CEO and Publisher of InvestmentNews, to launch The Big Reveal Podcast Series. The podcast’s lively discussions with big-name industry innovators, influencers, and leaders not only focus on their personal and professional journeys, but also touch on their perspectives on news items, hot topics, and trends. In addition, Suzanne asks guests to disclose their “Big Reveal”—something inspirational and personal that most people don’t know about them.

Envestnet | Yodlee COVID-19 Income and Spending Trends

To provide even deeper insights into consumer income, spending, and saving trends across the U.S. during the pandemic, Envestnet | Yodlee has created a new interactive map allowing you to compare retail, discretionary, and other spending across up to five states simultaneously.

Check out Yodlee’s new U.S. Consumer Spending Tracker by clicking here.

National Financial Planning Month

Financial planning is deeply embedded in our platform, and our company culture. National Financial Planning Month (as well as National Retirement Planning Week, from October 18-24) gives you an opportunity to review your financial planning software and capabilities, and check out the ongoing updates to the Envestnet | MoneyGuide offering.

Also, explore the latest updates to our MyBlocks tools, which can help you engage, educate, and motivate your clients around defining their financial plans.

Meanwhile, Election Day is just one month away. No matter how you vote, or who you vote for, we encourage everyone to utilize their right to vote and make their voices heard on Election Day.

We are incredibly grateful that you have placed your trust in us, and please don’t hesitate to reach out if you have questions, concerns, or challenges.

We hope your families and communities continue to stay safe and healthy.


Bill Crager
Chief Executive Officer

Click to View Envestnet's Coronavirus (COVID-19) Planning Update