Envestnet Wins Three 2017 Family Wealth Report Awards

CHICAGO—March 15, 2017—Envestnet, Inc. (NYSE: ENV) received three 2017 Family Wealth Report Awards at an awards dinner held at the Mandarin Oriental in New York City on March 2, 2017. The firm won in the Portfolio Management, Compliance and Outsourcing/Business Process Outsourcing categories.

"Envestnet is dedicated to delivering wealth management technology tools that help financial advisors enhance their value proposition and expand client offerings," said Jud Bergman, Chairman and CEO of Envestnet. "Our commitment to ongoing innovation is truly a team effort, and we're proud to be recognized for improvements to our integrated platform across several important areas of focus that help advisors strengthen client relationships and increase productivity." 

Envestnet won Family Wealth Report Awards in the following categories:

  • Portfolio Management. Envestnet | Tamarac was recognized for the Advisor View portfolio management and performance reporting application, which is part of the Advisor Xi® web-based platform for Registered Investment Advisors (RIAs). Advisor View offers RIAs portfolio analysis, personal dashboards, customizable PDF reports and powerful billing capabilities. The client portal engages investor clients with custom, dynamic reports, account aggregation, personal financial management tools and a secure platform for communication. The award reflects the many enhancements made to Advisor View in the past year, including an innovative feature that enables advisors to create new accounts that are populated with percentages of the assets in other accounts.
    "We are very pleased to be honored for our focus on outstanding portfolio management and the caliber of the Advisor View application," said Stuart DePina, President of Envestnet | Tamarac. "This award is a testament to our team's dedication to implementing feedback from the advisors we serve so we can continually enhance Advisor View's capabilities."
  • Compliance. Envestnet was recognized for integrating a solid compliance component into its robust turnkey platform. Prior to the announcement of the Department of Labor Fiduciary Rule, Envestnet began implementing initiatives to help advisors understand the implications and requirements of a fiduciary era. In 2016, Envestnet enhanced its wealth management platform to incorporate the requirements of the potential rule that will impact advisors in their client relationships, including the Best Interest Contract Exemption, disclosures and rationalization.
  • Outsourcing/Business Process Outsourcing. Envestnet's wealth management platform was recognized for its range of offerings and ability to cover a broad spectrum of client needs. Updates in 2016 included Open ENV, which unbundled Envestnet's wealth management platform, and an enhanced Advisor Suite, which offers better user navigation, goal-based planning and household performance reporting. Advisors can also leverage Yodlee's data aggregation capabilities to aggregate clients' personal finances and utilize a sophisticated reporting dashboard that helps them make decisions that strengthen client relationships and improve business performance.

Now in their fourth year, the Family Wealth Report Awards recognize companies, teams and individuals from the global private banking, wealth management and advisor communities that have demonstrated innovation and excellence during the previous calendar year. An expert panel of judges was drawn from both private banks and trusted advisors/consultants to the sector.

"The firms who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations. These awards were judged solely on the basis of entrants' submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics," said Stephen Harris, CEO of ClearView Financial Media and Publisher of Family Wealth Report. "That is a unique, and I believe, compelling feature. These awards recognise the very best operators in the private client industry, with 'independence', 'integrity' and 'genuine insight' the watchwords of the judging process - such that the awards truly reflect excellence in wealth management."    

About Envestnet 

Envestnet, Inc. (NYSE: ENV) is the leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.

More than 54,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

Media Contact:
Stephanie Simon
Weber Shandwick
(312) 988-2081


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