Edelman Financial Selects Envestnet for Integrated Intelligent Platform

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Jan 30, 2018, 09:00 ET

CHICAGO, Jan. 30, 2018 /PRNewswire/ -- Edelman Financial Services, one of the nation's largest independent financial planning and investment management firms, today announced implementation of Envestnet's industry leading integrated platform, enabling Edelman Financial planners to provide a unified experience and operate more efficiently to better serve clients.

Envestnet's platform will support the Edelman Managed Asset Program (EMAP), which has over $22 billion in assets, by providing advanced technology integration that includes comprehensive financial planning tools, unified managed account technology and access to Envestnet's award-winning quantitative portfolios. The platform will also help enhance compliance oversight and data security.

"By providing Edelman Financial Services with data and advice-centric programs and tools through a fully integrated platform, we are helping their planners deliver the state-of-the-art client experience the firm is known for," said John Phoenix, managing director of Advisory Services at Envestnet. "Treating technology as a fundamental part of the advice continuum, rather than as a stand-alone channel, continues to result in positive business outcomes for forward-thinking firms."

With its focus on leveraging advanced technology, Edelman Financial continues to underscore its mission of delivering value through in-depth financial education, personalized financial plans and unfettered access to planners.

"Envestnet will help us grow sustainably while ensuring we continue delivering outstanding service and advice to our current clients," said Ryan Parker, chief executive officer of Edelman Financial Services. "The platform will allow us to create a more integrated, seamless client experience, building upon our 30-year commitment to putting our clients first."

About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet 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, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.

More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 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.

About Edelman Financial Services
Founded by Ric and Jean Edelman in 1987, Edelman Financial Services is one of the nation's largest independent financial planning firms[i] with 163 financial planners and 43 offices coast-to-coast, provides financial planning and investment management services to nearly 36,000 individuals and families and manages more than $22 billion in assets.[ii] The firm also provides 401(k) plans and institutional investment management for businesses. Edelman Financial Services has won more than 100 financial, business, community and philanthropic awards,[iii] and offers an investment philosophy that puts clients first and delivers value through in-depth financial education, personalized financial plans and unfettered access to planners.[iv]

[i] WealthManagement.com's "Top 100 RIAs of 2015" ranking was assembled using data from Meridian-IQ. Advisory firms are ranked by total assets under management. To land on the list, firms had to have a focus on financial and retirement planning for individual and high-net-worth clients. And institutional clients do not make up a substantial portion of their businesses. Finally, none of these firms are owned by a bank, broker/dealer or investment company. Investor experience/returns were not considered as part of this ranking. Edelman Financial Services ranked 3rd.

[ii] As of Jan. 12, 2018.

[iii] Throughout the firm's 30-year history, EFS and Ric Edelman have been presented with numerous business, advisory, communication and community service awards. More information on these awards can be found at EdelmanFinancial.com/awards.

[iv] Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.

SOURCE Envestnet, Inc.