CHICAGO, Oct. 18, 2017 /PRNewswire/ -- Envestnet (NYSE: ENV) received four WealthManagement.com Industry Awards at a ceremony at The Plaza Hotel in New York City on October 11, 2017. The awards recognize achievements by companies and organizations that support financial advisor success; Envestnet was honored in four categories out of 127 finalists.

"We are proud to be recognized among 127 other finalists for these prestigious awards," said Bill Crager, President of Envestnet. "Our teams continue to work towards further enhancing advisor capabilities with integrated technology, digital solutions and holistic data in order to strengthen the wealth management process and empower investors to achieve financial wellness."

Envestnet won the 2017 WealthManagement.com Industry Awards in the below categories:

• Disruptors: Technology – Founded in 1999, Envestnet has been working towards its goal of building a holistic wealth management platform with the ultimate goal of providing advisors all the information and analytics they need to better advise their clients, construct portfolios and benchmark their practice. Since the 2016 Wheelhouse Analytics LLC acquisition, Envestnet has greatly enhanced its platform analytics and now provides enterprises and advisors with online dashboards and reporting tools that deliver segmentation analytics, trend analysis and benchmarking capabilities to help advisors improve business performance and client relationships.
• TAMPs – Envestnet is the largest TAMP in the U.S. with over $1.2 trillion in platform assets, including $393 billion in assets under management/administration[1] and more than 57,000 advisors using its platform. The integration of a wealth management platform with investment management, fiduciary services and analytics makes Envestnet a powerful force in the industry. Envestnet Analytics brings online dashboards and reporting tools to Envestnet's clients, equipping them to drill down into greater levels of detail. 
• Technology Providers: Portfolio Accounting – Envestnet's Goals-Based Portfolio Management and Reporting capabilities empower advisors to construct client portfolios grounded in goals-based and cash-flow financial planning. Performance monitoring and reporting tied to established goals are also offered through Envestnet Logix and Envestnet's Vantage™ Reporting Solutions.
• Technology Providers: Client Portals – Tamarac's client portal is a key component of its comprehensive technology platform for Registered Investment Advisors (RIAs), which also includes best-in-class performance reporting, trading, billing, prospecting, CRM, onboarding and data aggregation software. The portal serves as a digital hub of communication between advisors and their clients, providing a comprehensive view of a client's financial picture, interactive reporting, a secure document vault, integrated financial planning, and more. 

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 57,000 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.

[1] As of June 30, 2017

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SOURCE Envestnet, Inc.