Envestnet Inc Stock Price, News & Analysis

Riskalyze announced an expanded integration with Envestnet, Inc. (NYSE: ENV), allowing financial advisors to create asset allocation proposals through a streamlined process. This integration offers a single sign-on, enabling advisors to generate Risk Numbers® for clients and directly implement proposals into the Envestnet platform. The integration aims to enhance workflow efficiency for advisors by automating portfolio data transfer and improving client-advisor relationships. Enterprise clients can expect this integration to be available later this year.

Envestnet | MoneyGuide has launched Plan Analytics Premium, enhancing its existing plan analytics tool with advanced features for advisors. This premium version, available for current and new MoneyGuide users, includes Plan Pulse™ for weekly updates on plan success probabilities, Client Opportunities for actionable client engagement data, and a forthcoming Recommendations feature to further assist advisors. The premium offering aims to empower financial advisors in identifying opportunities for client financial wellness. A webinar will introduce the new features on October 27 and October 29.

Envestnet, Inc. (NYSE: ENV) has launched the Impact Global Climate Solutions Quantitative Portfolio, a passively managed global equity portfolio aimed at supporting companies focused on mitigating pollution and climate change. The portfolio consists of around 200 domestic and international companies, evaluated using environmental ratings and carbon risk data from Sustainalytics. Key features include a 200% higher allocation to renewable energy, energy efficiency, green transportation, green buildings, and sustainable agriculture than its benchmark. As of June 30, 2020, assets under management in Envestnet's ESG solutions increased by 38% year-over-year.

FIDx, a platform connecting annuities with wealth management, has launched FIDx Protection Intelligence, enhancing direct integration for distribution entities. This platform allows financial advisors to efficiently access a variety of income and protection solutions from multiple insurance carriers. CEO Rich Romano highlighted that it supports advisors in addressing clients' income needs amid economic uncertainty. The platform features an annuity dashboard, electronic application processing, and is integrated with major partners like Envestnet.

Envestnet | Yodlee (NYSE: ENV) has launched an interactive map showcasing trends in American consumer spending across six categories during the COVID-19 pandemic. This tool, part of the COVID-19 Income and Spending Trends initiative, provides updated insights into how economic factors have affected consumer behavior. Categories include Retail, Discretionary, Grocery/Food Delivery, Food & Staples, Restaurants, and Transportation. The map allows users to compare spending insights across all 50 states, visualizing 2020 trends against 2019 data, ultimately aiming to assist businesses and government agencies in informed decision-making.

Envestnet, Inc. (NYSE: ENV) has partnered with industry expert Suzanne Siracuse to launch The Big Reveal Podcast Series. This podcast, starting on September 30, 2020, aims to provide a unique perspective on the wealth management industry by featuring personal interviews with notable figures. The inaugural episode includes insights from Envestnet's Co-Founder and CEO, Bill Crager, discussing the impact of the COVID-19 pandemic and recent M&A activities. The series seeks to engage financial advisors by focusing on personal journeys and industry perspectives.

Envestnet, Inc. (NYSE: ENV) announced the appointment of Dana D'Auria as Co-Chief Investment Officer. D'Auria will join Envestnet | PMC's Investment Committee, aiming to enhance fiduciary solutions and related services. Previously, she served as Managing Director at Symmetry Partners, leading investment strategies and earning recognition in asset management. Co-Founder Brandon Thomas highlighted her expertise in aligning data analytics with wealth management as crucial for delivering superior investment solutions amidst evolving industry regulations.

Envestnet (NYSE: ENV) launches the Envestnet Insurance Exchange through TFS Securities, enabling advisors to integrate annuity solutions into client portfolios for guaranteed income. The program includes access to the Strategist UMA portfolios, offering diverse investment strategies from six prominent asset managers, backed by PMC's tax management and impact investing technology. Additionally, the platform supports end-to-end management of annuity solutions, enhancing advisor capabilities amid current market uncertainties due to COVID-19. Partnerships with major carriers provide a wide range of annuity products, addressing client needs.

Envestnet, Inc. (NYSE: ENV) has announced the integration of its Tamarac wealth management platform with Flourish Cash, enhancing cash management for registered investment advisers (RIAs). This integration allows RIAs to import and access Flourish Cash account data, aiding in the delivery of comprehensive financial advice. Flourish Cash offers competitive interest rates and greater FDIC insurance, tailored for independent advisors. The Tamarac Suite also received updates, including improved reporting and trading features, to further empower advisors in managing client finances.