Envestnet Creates Solutions to Assist Advisors With Fiduciary Rule
CHICAGO, IL, October 5, 2016 -- Envestnet, Inc. (NYSE: ENV) today introduced technology solutions and consulting services that will assist advisors and enterprises in complying with the Department of Labor's (DOL) Fiduciary Rule.
"Regulatory changes and other market forces are converging to transform the wealth management industry," said James Patrick, Executive Vice President and Head of Advisor Services at Envestnet. "With the new DOL Fiduciary Rule requirements due to go into effect in April 2017, positioning advisors and enterprises to adapt to the changing regulatory environment is a top priority."
Envestnet's comprehensive Fiduciary Rule compliance solutions include the following:
"We are building on a long history of empowering a fiduciary standard with integrated solutions -- including financial planning and data aggregation -- that enable advisors and enterprises to deliver advice that is in the best interest of investors," said James Lumberg, Executive Vice President of Envestnet. "These latest enhancements to our platform and service offering help advisors and enterprises spend more time servicing clients and delivering better outcomes, with the added peace of mind that they are in compliance with changing regulations."
Envestnet has made significant investments in resources and dedicated teams focused on providing advisors and enterprises with the tools they need to remain in compliance when the Fiduciary Rule goes into effect, including:
Additional resources and information about Envestnet's DOL Solutions is available athttp://www.envestnet.com/DOL.
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, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.
Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practices. 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.
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 1,000 companies, including 11 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.
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