CHICAGO, March 17, 2016 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) has won the Bank Insurance and Securities Association's (BISA) 2016 Technology Innovation Award, in recognition of the firm's role as a leading provider of ongoing technological advancements to the financial services industry.

"We are grateful to the Bank Insurance and Securities Association for shining a spotlight on our continual efforts to enhance our end-to-end wealth management technology platform," said Jud Bergman, Chairman and CEO of Envestnet. "We remain focused on creating and updating innovative technology solutions that empower independent advisors to 'cross the digital divide' and help clients obtain better outcomes."

Envestnet received the award at a ceremony on March 16, 2016 during BISA's annual convention in Hollywood, FL.

Envestnet's unified platform gives advisors the tools to research, filter, compare, and model investment products that correlate to clients' needs and risk tolerances. During the past year, Envestnet launched customized portals on its platform to enhance the user experience for advisors, asset managers, and other audiences as part of its ongoing Envestnet Intelligence initiative. The objective of Envestnet Intelligence is to help advisors harness Envestnet's data analytics offerings to make well-informed business decisions.

In addition, Envestnet acquired Yodlee, Inc., the leading cloud-based driver of digital financial innovation, in November 2015, and is integrating Envestnet | Yodlee's best-in-class data aggregation tools into its platform. Yodlee's high-quality data analytics will help Envestnet develop more advanced budgeting and financial planning tools for advisors, and will enable Envestnet to offer a robust suite of investor-oriented personal finance apps and data analytics software.

Envestnet's acquisitions in 2015 also included Finance Logix, a provider of leading-edge financial planning and wealth management software solutions to banks, broker-dealers, and RIA firms. Envestnet recognizes that financial planning tools are critical for advisors to fully understand the needs of their clients, and Finance Logix's solutions empower advisors to utilize the Envestnet platform to create portfolios that are consistent with clients' goals, risk tolerances, and investment preferences.

About Envestnet
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 950 companies, including 12 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.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel (https://twitter.com/envintel).  

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SOURCE Envestnet, Inc.