CHICAGO, March 16, 2017 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announced today that it is one of the Bank Insurance and Securities Association's (BISA) 2017 Technology Innovation Award recipients. The award recognizes companies that are leaders in the advancement of the financial services industry's products, services and platforms through technology innovation.

"Envestnet is honored to be recognized by BISA for our achievements in financial technology innovation," said Bill Crager, President of Envestnet. "With our industry leading integrated wealth platform, Envestnet is providing advisors with the breadth of investment solutions they truly need. We're well positioned for the next wave of technology innovation, where technology supports expert users, drawing on big data insights that support decision making and adapt to environmental factors."

With the recently announced platform integrations, Envestnet is leading a transformation in wealth management to a fiduciary standard, so advisors and enterprises are better equipped to fully understand their clients and construct portfolios that best meet their needs.

The 2017 Technology Innovation Award was presented to Envestnet during the BISA Annual Convention in Hollywood, Florida, on March 9.

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 retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent 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.