REDWOOD CITY, Calif., Nov. 17, 2016 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV) and its parent company Envestnet, today announced a partnership for the combined organization, providing data aggregation, digital applications and data reconciliation solutions to Morgan Stanley, one of the largest, most established wealth management businesses in the industry.
"Envestnet and Yodlee are proud to announce Morgan Stanley as a new client, demonstrating our combined organization's growing success selling more comprehensive solutions to large, sophisticated financial institutions," said Anil Arora, Chief Executive of Envestnet | Yodlee. "We are obviously thrilled with this partnership and look forward to building value for Morgan Stanley's advisors and clients with our combined market leading technology."
Morgan Stanley, which manages over $2 trillion in client assets, entered into the agreement for both Yodlee data aggregation and digital applications and Envestnet data reconciliation, providing Morgan Stanley with a technology partner that could seamlessly aggregate, cleanse, and reconcile data using the latest machine learning technologies and innovative applications.
For more information about Envestnet | Yodlee, please visit www.yodlee.com.
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to financial enterprises and advisors. Our solutions unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables the transformation of wealth management into a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet's Advisor Suite 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, personalized financial apps and services for millions of consumers. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors.
More than 52,000 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.
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SOURCE Envestnet | Yodlee