Envestnet | Yodlee Provides Complete Picture of Financial Wellness Through Integrated Platform
Envestnet | Yodlee reconciliation data provides wealth management advisors with the tools needed to deliver personalized, holistic advice

LAS VEGAS, Oct. 24, 2016 /PRNewswire/ -- MONEY20/20 – Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced the integration of the Envestnet | Yodlee platform with the Envestnet platform, giving financial advisors a complete view of each customer's financial profile. With this technology integration, the Envestnet | Yodlee platform and its FastLink solution will deliver a 360 degree view of an investor's financial data enriched with reconciliation ready data for use in portfolio accounting systems.

The Envestnet platform provides financial enterprises and advisors with unified wealth management technology and services enabling advisors to deliver deep insights efficiently. The integration of Envestnet | Yodlee and its FastLink solution now includes Envestnet's industry leading reconciliation process, which was previously unavailable to financial advisors using Yodlee's aggregation solution, while also providing a more comprehensive 360 degree view of both managed and non-managed accounts from more than 15,500 sources. To ensure customers have access to only the most accurate data, the platform incorporates reconciliation processes into the aggregation workflow to accelerate the delivery of accurate and complete client data.

"Advisors are increasingly reliant on data to provide informed investment advice in the best interest of their customers, and yet until now, they simply have not had a scalable and complete view of their customers' entire financial profile. In today's hyper-competitive market, it's vital that advisors have simple access to both traditional and non-traditional financial data to more effectively move customers toward their financial goals," said John Bird, vice president of product marketing at Envestnet | Yodlee. "With the new integration of the Envestnet | Yodlee platform and the Envestnet platform, we have leapfrogged the marketplace and are giving the advisor community the most complete picture of their customers' financial situation in a way that no other offering can."

Along with providing an unparalleled data resource for the advisor and wealth management community, the integration of the Envestnet | Yodlee platform into the Envestnet platform also delivers benefits to the broader financial services community. Not only do customers have access to an alerting framework and related application programing interface (API) to ensure they can locate the richest data within the platform, but the open API means that financial institutions can easily build their own applications, which incorporate the enriched data available through the integration of these two leading platforms.     

These latest additions complement the world-class security and sophisticated infrastructure customers have come to expect from both the Envestnet and Envestnet | Yodlee platforms, and build on the experience gained from working with the world's most influential financial companies.

For more information about Envestnet | Yodlee, please visit www.yodlee.com

About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to financial enterprises and advisors. Our solutions unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables the transformation of wealth management into a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet's Advisor Suite enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, personalized financial apps and services for millions of consumers. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors.

More than 2,000 companies, including 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel (https://twitter.com/envintel).

 

SOURCE Envestnet | Yodlee

For further information: Sheridan Smalley, LEWIS for Envestnet | Yodlee, yodlee@teamlewis.com, 415-432-2477

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