DALLAS, May 2, 2017 /PRNewswire/ -- Envestnet (NYSE: ENV), a leading provider of integrated portfolio, practice management, and reporting solutions to financial advisors and institutions, today announced an expanded data analytics product lineup that harnesses the power of data intelligence to efficiently uncover growth opportunities and provide critical insights for Envestnet, Yodlee, and Tamarac clients.

With Envestnet Analytics, wealth advisory enterprises, investment managers, and advisors can leverage data intelligence through robust analytics solutions that help to answer their most essential business questions. Today at the Envestnet Advisor Summit, the company introduces seven new modules expanding its analytics, forecasting, and performance reporting services for Envestnet, Yodlee, and Tamarac clients.

Envestnet is turning data intelligence into real, meaningful and practical analytics solutions that help our clients answer their most important business and personal financial questions. "Knowing the right questions to ask is more important than having all the answers, which is where Envestnet Analytics comes into play," said Frank Coates, Executive Managing Director of Envestnet | Yodlee. "Our domain expertise and cutting edge data science tools, coupled with our vast data resources, allow us to define and answer the really important questions for businesses and individuals."

One of the key modules is the Envestnet Fee Analytics offering that enables advisors to easily and efficiently set competitive fees, ensure they address any regulatory fee issues, and analyze their fees for compliance purposes through the use of comprehensive, user-friendly dashboards. These dashboards provide actionable benchmarks that allow for comparison of account level fees across advisors within the user's firm, against the user's industry segment, and against the industry as a whole.

"The newly enhanced Envestnet Analytics offering helps financial advisors and investment managers who often face difficulty finding a deep level of business intelligence that is specific to their firms and helps them analyze key competitive factors like fees and performance in a quick, cost-effective way," said Bill Crager, President of Envestnet.

"Leveraging the data intelligence tools from Envestnet Analytics, we have supercharged our multi-asset class investment business with analytics. They have helped us focus on and measure the essential drivers of success that enable us to better serve the financial advisors and investors we have the privilege to work with," said Noreen D. Beaman, CEO of Brinker Capital.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is the 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 54,000 advisors and 2,500 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.

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SOURCE Envestnet, Inc.