BOK Financial Advisor Trust Services Now Available as Embedded Offering via Envestnet Trust Services Exchange

Integration Strengthens Soon-to-Launch Platform Powered by Trucendent, Delivering One-Stop Marketplace for Enabling RIAs & Broker-Dealers to Seamlessly Create, Manage & Transfer Trust Accounts for Clients

CHICAGO—March 25, 2021— Envestnet, Inc. (NYSE: ENV) announces that BOK Financial (NASDAQ: BOKF) has joined the Envestnet Trust Services Exchange, powered by Trucendent, in a partnership aimed at providing financial advisors and their clients with access to a nationally chartered, advisor-friendly trust company with a broad array of services.

The Envestnet Trust Services Exchange was created through partnership with Trucendent, a provider of tools and solutions for enabling advisors to strengthen their understanding and use of trusts in estate planning. BOK Financial Advisor Trust Services is now available on Envestnet’s Trust Services Exchange, fulfilling a critical role in the wealth transfer process.

"Naming a friend or family member as a trustee may seem like a simple solution, but it may not always be the best solution. Most individuals lack the expertise and experience needed to serve as trustee," said John Yackel, Executive Managing Director and Head of Strategic Initiatives at Envestnet. "Given the extent of the responsibilities involved and the potential liability in the event of an error, selecting a professional trustee may be a better alternative. Another key benefit of this integrated platform is that it offers advisors with clients, who may be unhappy with their current corporate trustee, the flexibility to potentially move those relationships to this offering and to take advantage of an integrated and improved client experience, while capturing new assets." 

The Envestnet Trust Services Exchange is the only advisor-centric offering that supports the entire wealth transfer process. This solution integrates goal-setting, advice creation, documentation, account implementation, and trustee services while leveraging a powerful third-party estate planning attorney network.  

"Envestnet and BOK Financial are aligned in the mission to empower advisors to better serve their clients through trust administration solutions," said Rosemary Hueser, Senior Vice President, Manager of BOK Financial Advisor Trust Services. "Our trust administration solutions can help enhance, strengthen, and grow advisors' relationships with clients, as well as their practices by capturing and retaining trust assets. This partnership allows us to meet and work with today's most forward-looking advisors on the platforms that they are comfortable with, and inside of their natural planning processes." 

The Envestnet Trust Services Exchange will be fully integrated with Envestnet | MoneyGuide, Envestnet | Tamarac, and other offerings within the Envestnet ecosystem. This will enable advisors to integrate this new capability for managing trust accounts into the platforms and workflows that drive their practices today.   

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 106,000 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, subscribe to our blog, and follow us on Twitter (@ENVintel) and LinkedIn

For more information on Trucendent, please visit

About BOK Financial Corporation

BOK Financial Corporation is a $47 billion regional financial services company headquartered in Tulsa, Oklahoma with $92 billion in assets under management and administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, Inc. and BOK Financial Insurance, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Nebraska, Milwaukee and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit

This release refers to information products or services that may be in development and not yet available. Accordingly, nothing in this release should be construed as a representation or legal agreement by Envestnet to make available specific products or services (including, without limitation, concepts, systems or techniques). BOK Financial and Envestnet are separate and unaffiliated firms. This release should not be construed as a recommendation or endorsement of any particular product, service, or firm.

Media Contact:
Dana Taormina
JConnelly for Envestnet

Information is current only as of the date(s) indicated on the materials. We do not have any current intention, and expressly disclaim any obligation, to supplement, update or revise any of the information in these documents. The information contained in these documents should be considered accurate only as of the date of the relevant document. This information may change over time; therefore, visitors to this web site should not assume that the information contained in these documents remains accurate at a later time. Envestnet, Inc.'s press releases, presentations and printed remarks are included on this website for historical purposes only.

Except for historical information and discussions, statements set forth throughout this web site may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or other applicable laws. These statements involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially, as discussed in the company's filings with the U.S. Securities and Exchange Commission.

Envestnet, Inc.'s financial performance is subject to risks and uncertainties, some of which are discussed in forward-looking statements contained in its reports filed with the U.S. Securities and Exchange Commission. Actual results may differ materially from those described in the forward-looking statements. The stock data above is presented for informational purposes only and is not intended for trading purposes. Stock information may be delayed and reflects stock splits. Historical investment performance is not an indication of future performance.

The information provided on the Investor Relations pages is hosted by a third party. Envestnet, Inc. does not control and is not responsible for any third party content and makes no representations as to the timeliness or accuracy of such content.