Envestnet, Inc., through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics.
The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as data aggregation and reporting, data analytics, and digital advice capabilities. It also includes Envestnet | Wealth Analytics, which transforms data into actionable intelligence; Envestnet | Tamarac, which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide, which provides goals-based financial planning solutions to the financial services industry.
This segment also provides Envestnet | Workplace Solutions, which offers a suite of services for advisor-sold retirement plans; Envestnet | PMC, which offers research and consulting services to assist advisors in creating investment solutions, and portfolio overlay and tax optimization services; and Envestnet | Billing Solutions, which provides revenue management and hosted fee-billing solutions.
The Envestnet Data & Analytics segment provides Envestnet Data & Analytics, a data aggregation, analytics, and digital experiences platform that offers clients and their account holders data connectivity via open APIs, data enrichment, AI-based analytics, and digital experiences.
It serves retail banks, credit unions, credit card providers, wealth management financial advisors and institutions, financial technology innovators, financial advisory firms, research and analyst firms, personal financial management, small business accounting, e-commerce, payment solutions providers, small business lending, and authentication customers.
The company was founded in 1999 and is headquartered in Berwyn, Pennsylvania. As of November 25, 2024, Envestnet, Inc. was taken private.
