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Envestnet Inc. - ENV STOCK NEWS

Welcome to our dedicated news page for Envestnet (Ticker: ENV), a resource for investors and traders seeking the latest updates and insights on Envestnet.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Envestnet's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Envestnet's position in the market.

News
Envestnet Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
ENV: Envestnet Reports 3% Increase in Total Revenue for Q3 2023, Adjusted EBITDA Up 26% - Envestnet (NYSE: ENV) reported a 3% increase in total revenue to $316.8 million for the third quarter of 2023. Adjusted EBITDA increased by 26% to $67.2 million. Asset-based recurring revenue increased by 9%, while subscription-based recurring revenue decreased by 7%. The company's CEO highlighted a structurally higher margin and extended competitive position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.67%
Tags
earnings
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News
Morningstar Investment Management & Envestnet Team Up to Deliver Personalized IRAs
Rhea-AI Summary
Morningstar Retirement and Envestnet are partnering to launch a managed accounts service for Individual Retirement Accounts (IRA) powered by IRALOGIX. The service will offer personalized investment advice on IRAs, combining Envestnet's fund selection and model portfolio-building capabilities with Morningstar Retirement's managed accounts methodology. It will be custodied by Matrix and is expected to launch in Q1 2024. The IRA product(s) will have no minimum account size requirements, making it accessible to those with low balances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
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News
Advisor Credit Exchange Announces New Executive Leadership Appointments
Rhea-AI Summary
ACE announces leadership changes with J.P. Connellan as CEO and Melanie Warner as COO and Head of Business Development. Former CEO Peter Stanton steps down and remains as strategic advisor. Connellan and Warner previously held senior positions at UBS and helped launch a strategic initiative between UBS and ACE.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.56%
Tags
none
News
Envestnet Launches Embedded Investing Solution, helping Financial Institutions Meet the Demand for Banking Apps that Address more Components of a Customer's Financial Life
Rhea-AI Summary
Envestnet announces partnership with Central Bank to offer embedded digital investing experience for online and mobile bank users. Envestnet's solution allows banks and financial advisors to offer investing solutions within their own apps and websites. Central Bank is the first to leverage this capability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.4%
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none
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News
As CFPB Announces Proposed Rulemaking for U.S. Open Banking Framework, Envestnet | Yodlee Expands Access to Credit with its Newest Technology Solution, Credit Accelerator
Rhea-AI Summary
Envestnet | Yodlee unveils Credit Accelerator, a lending data solution that uses alternative data to expand access to credit for individuals with limited credit history. The solution leverages a comprehensive set of alternative data sources and provides up-to-date financial data for various accounts. The launch of Credit Accelerator aligns with the Consumer Financial Protection Bureau's proposed rule on open banking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
-
News
ENVESTNET | YODLEE COMMENDS CONSUMER FINANCIAL PROTECTION BUREAU FOR PROPOSED RULE TO ACCELERATE SHIFT TOWARD OPEN BANKING IN THE U.S.
Rhea-AI Summary
Envestnet | Yodlee commends the CFPB for proposing a rule to establish Personal Financial Data Rights. The rule aims to empower consumers, strengthen data access and security, and promote trust and reliability in the financial sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
News
Envestnet to Announce Third Quarter 2023 Results on November 8, 2023
Rhea-AI Summary
Envestnet to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.25%
Tags
earnings
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News
FIRST COMMAND PARTNERS WITH ENVESTNET TO STRENGTHEN ITS SERVICE OFFERING FOR MILITARY FAMILIES
Rhea-AI Summary
Envestnet partners with First Command Financial Services to provide financial advisors access to its integrated financial ecosystem.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
partnership
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News
Envestnet | Yodlee Introduces SpendSignals to Empower Businesses with Real-Time Consumer Spending Insights and Peer Purchasing Behavior
Rhea-AI Summary
Envestnet | Yodlee unveils SpendSignals, an AI-powered solution providing real-time consumer spending insights and trends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.56%
Tags
none
News
JOSH WARREN NAMED CHIEF FINANCIAL OFFICER OF ENVESTNET INC.
Rhea-AI Summary
Envestnet announces Joshua B. Warren as new CFO, succeeding Peter H. D'Arrigo. Warren's financial expertise and industry experience will enhance market leadership. D'Arrigo will assist with the transition. Warren's previous roles include Managing Director at BlackRock and member of the Board of Directors at iCapital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
none
Stock ENV logo
Envestnet Inc.

NYSE:ENV

ENV Rankings

#1436 Ranked by Market Cap
#3716 Ranked by Stock Gains
N/A Ranked by Dividends

ENV Stock Data

3.16B
42.31M
1.17%
108.37%
7.99%
Software Publishers
Information
Link
US
Chicago

About ENV

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, conflict-free 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 www.envestnet.com or call our toll-free number: (855) 769-0806.