BERWYN, PA – October 27, 2022 – Envestnet, Inc. (NYSE: ENV), a leading provider
of intelligent systems for wealth management and financial wellness, today
announced that it is partnering with FNZ, a leading global wealth platform, to
create a fully digital, integrated wealth management experience for the U.S.
market. The integration of Envestnet’s and FNZ’s platform will allow for real-time
account opening and funding along with digitally automated servicing and
maintenance capabilities for the full lifecycle of the client account.
Also, the partnership will enable unique insights and experiences generated by
Envestnet Data & Analytics’ Wealth Data Platform (WDP) to be integrated as part
of FNZ’s platform and distributed to FNZ’s global customer base. Leveraging FNZ’s
international scale and data sets, Envestnet’s WDP will help enterprises, advisors,
and asset managers more effectively run their businesses with advanced
“At Envestnet, we are focused on enabling financial institutions, enterprises,
advisors and their clients to make well informed financial decisions. This exciting
partnership will advance that mission and enhances our ability to empower
advisors to deliver deeper insights to clients. We look forward to working closely
with FNZ to provide scaled, streamlined, deeply connected experiences that will
deliver greater intelligence and value for all our clients,” said Bill Crager, CoFounder and CEO of Envestnet.
“We are very excited about our partnership with Envestnet. Both of our
companies have a shared vision to open up wealth, helping everyone invest in
their future on their terms,” said Adrian Durham, CEO of FNZ. “The integrated
solution will help our partners accelerate innovation and create outstanding client
FNZ’s state-of-the-art platform provides end-to-end wealth management
solutions to advisors and investment managers to rapidly deliver personalized
services and innovative wealth products to their end clients. FNZ administers
more than $1.5 trillion in client assets representing over 20 million investors
worldwide. It partners with over 650 large financial institutions and 8,000 wealth
management firms in 21 countries, including abrdn, Barclays, Colonial First State,
Generali, Lloyds Bank, Santander and Vanguard.
Envestnet’s WDP will be integrated as part of FNZ’s global platform and
distributed in international markets beginning in the first quarter of 2023. The
end-to-end, digital wealth management experience will be available in the United
States during the second half of 2023.
“Today’s announcement is another milestone in Envestnet’s partnership strategy
to accelerate our pace of innovation in the market,” said Rich Aneser, Chief
Strategy Officer at Envestnet. “By partnering with FNZ, a leading global wealth
technology platform provider with cutting-edge technology, we continue to
demonstrate that our open ecosystem creates improved experiences and more
value for customers.”
Envestnet has a market and industry-leading footprint spanning three businesses:
Data and Analytics featuring its Wealth Data Platform, Wealth Tech comprising
the advisor portal and financial planning solutions, and Wealth Solutions offering
extensive managed accounts and personalization capabilities as well as holistic
financial solutions including insurance, credit, and trust. As of June 30, 2022, the
platform powers approximately $5 trillion in total assets.
“We are delighted to be able to work closely with the experienced team at
Envestnet as we continue to expand our U.S. footprint,” said Tom Chard, CEO,
North America at FNZ. “Integrating our capabilities, solutions and expertise will
help us better serve advisors and clients in the United States, as well as globally.”
Envestnet refers to the family of operating subsidiaries of the public holding
company, Envestnet, Inc. (NYSE: ENV). Envestnet is Fully Vested™ in empowering
advisors and financial service providers with innovative technology, solutions, and
intelligence to help make financial wellness a reality for their clients through an
intelligently connected financial life. More than 105,000 advisors and over 6,500
companies—including 16 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 Envestnet technology and services that help drive
better outcomes for enterprises, advisors, and their clients.
For more information, please visit www.envestnet.com, subscribe to our blog,
and follow us on Twitter (@ENVintel) and LinkedIn.
FNZ is the global platform provider in the wealth management sector, partnering
with over 650 of the world’s leading financial institutions and over 8,000 wealth
With over 4,500 employees in 21 countries, FNZ’s mission is to open-up wealth,
helping everyone, everywhere to invest in their future on their terms.
FNZ combines technology, infrastructure, and investment operations in a single
state-of-the-art platform that frees its partners to create hyper-personalized and
innovative products and services, that are seamlessly aligned with the needs of
To date, FNZ administers more than $1.5 trillion in client assets and has enabled
over 20 million people, from all wealth segments, to invest in an effective, simple,
and transparent way, making wealth management accessible to everyone.
For more information, please visit www.FNZ.com and follow us on LinkedIn
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