The Next Big Idea: Empowering Advisors To Become Disruptive Innovators

Combining Leading-Edge Technology and Expert Insights, Envestnet Enables an Advisor-Centric Paradigm, Empowering Advisors to Serve More Clients, Deliver Better Outcomes and Demonstrate More Value Than Ever Before

CHICAGO, May 15, 2014 -- Envestnet, Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to investment advisors and wealth managers, announces that it has made a significant investment in its end-client engagement and management technologies. Envestnet's sophisticated tools are designed to make advisors' client relationships and services more personalized—empowering advisors to deliver better outcomes through a more valuable interactive client experience, leveraging the irreplaceable human element of their value proposition.

In the opening key note address of the "2014 Envestnet Advisor Summit: The Next Big Idea," Jud Bergman, Chairman and CEO, Envestnet, highlighted the importance of accelerating the progress of an advisor-centric paradigm with innovative technology. "Our industry has reached a critical tipping point, and those advisors who embrace new ideas and technology will not only stand the test of time, but thrive," said Mr. Bergman. "Technology can both enable and disrupt, and when armed with our solutions, advisors can become more—not less—vital to investors."

Mr. Bergman described that central role in an upcoming research study called "Capital Sigma" from Envestnet's Quantitative Research Group. Capital Sigma is Envestnet's term for the sum total of advisor-created value which includes financial planning and coaching, asset class selection and allocation, investment vehicle selection, portfolio construction and systematic rebalancing, and tax management.

Wrapping up Day One at the Advisor Summit, Envestnet | Tamarac spotlighted enhancements to its integrated, web-based portfolio and client management software. Tamarac is enhancing their portal functionality to provide more services in an engaging and interactive medium. Advisors will be able to use these client engagement tools to not only provide a higher service level to their existing clients, but also leverage the portal as a 24x7 storefront to attract new clients and be their first touch-point that can automate processes such as proposal generation and new account opening. It has also developed an iPad app to provide advisors with more client engagement capabilities. These enhancements will be rolled out later this year.

"Advisors' value-add is not just their investment strategies—it also encompasses the relationships they build with their clients and how their best ideas help direct those relationships," said Stuart DePina, Group President, Envestnet | Tamarac. "We are making significant investments to build out our powerful end-client interaction capabilities that will enable advisors to efficiently service more clients through an integrated client portal and mobile applications for smartphones and tablets."

Kicking off Day Two of the Advisor Summit, Envestnet President Bill Crager and Executive Vice President of Advisor Services, James Patrick, will discuss their forecast that technology-enabled advisors will be even more relevant five years from now.

"So-called 'robo-advisors' can never offer a substitute for the human touch investors require. These offerings provide consumers with limited automated investment services," said Mr. Crager. "Envestnet recognizes the next generations of investors are looking for interactive online services that deliver an engaging client experience. We are responding to this by delivering cutting-edge technology solutions that will enable advisors to attract and efficiently service their clients in innovative ways."

For more information about the 2014 Envestnet Advisor Summit, please visit or follow Envestnet at @ENVintel #AdvisorSummit14 #NextBigIdea.

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better results.

Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software.

For more information on Envestnet, please visit

Laura Simpson
Jennifer Connelly Public Relations
(973) 850-7319

SOURCE Envestnet, Inc.

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