CHICAGO, Jan. 12, 2016 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) has begun working with Jefferies Wealth Management to strengthen its service and product offerings. Jefferies Wealth Management, part of global investment banking firm Jefferies Group LLC, is utilizing the Envestnet platform to update its technology, offer a wider array of investment products and solutions, and create operational efficiencies which allow its advisors to devote more time to client engagement and portfolio management.  

"By providing Jefferies Wealth Management with access to a broader suite of investment products and programs through a fully integrated platform, we can empower its team with more options to both improve client outcomes and meet clients' evolving needs," said John Yackel, Managing Director and Head of Global Institutional Business Development at Envestnet. "We look forward to helping place the team in a stronger position to recruit and retain top advisors—and continue to flourish as a key part of a global investment bank."

New York, NY-based Jefferies Wealth Management, which harnesses the power of its parent firm's global investment bank to meet its clients' needs, will leverage the Envestnet platform to offer clients access to best-in-class separately managed accounts, unified managed accounts, and fund strategist portfolio programs—as well as to simplify multi-currency reporting for international clients. 

Jefferies Wealth Management provides a full suite of open-architecture financial services to high-net-worth individuals and their families, as well as family offices and institutions. Its service offerings include portfolio management, capital markets transactions, asset allocation, customized performance reporting, estate and insurance planning, lending, structured products, hedging and monetization, and traditional brokerage.

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 technology and applications 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 deepen customer engagement.

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

Media Contact:          Dana Taormina 
                                      JCPR
                                      (973) 850-7305
                                      dtaormina@jcprinc.com

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SOURCE Envestnet, Inc.