REDWOOD CITY, Calif. and NEWPORT BEACH, Calif., Aug. 2, 2016 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced a strategic partnership with United Capital, one of the fastest-growing and most innovative registered investment advisory (RIA) firms in the nation, to power United Capital's FlexScore solution with Envestnet | Yodlee's industry-leading data aggregation offering.
The strategic partnership between Envestnet | Yodlee and United Capital comes at a transformational time. Earlier this year, United Capital acquired FlexScore, a patented digitized financial planning solution. To power the FlexScore solution and further accelerate business growth, United Capital's need to partner with a data aggregation provider led to the selection of Envestnet | Yodlee as FlexScore's primary account data aggregation solution.
"Envestnet | Yodlee is pleased to be joining forces with United Capital to become its primary account data aggregation partner for the FlexScore solution," said Julie Solomon, Vice President of Financial Institution Solutions, the Americas at Envestnet | Yodlee. "By delivering innovative financial planning solutions and new data-driven insights, our partnership will empower FlexScore users to take control of their financial destiny."
Under this partnership, the fully RESTful Envestnet | Yodlee API with FastLink will enhance the FlexScore user experience by securely linking accounts from financial institutions in a seamless onboarding process and aggregating data to generate a numerical score of an individual's financial health. United Capital will begin offering FlexScore as part of FinLife Partners, a white labeled advice and planning platform that allows independent advisers access to the firm's proprietary Financial Life Management system, in the very near future. Envestnet | Yodlee will serve as the primary data aggregator for these solutions.
"Our business has helped transform the traditional wealth management industry. For us to continue innovating and benefiting customers, we needed a proven data-aggregation partner that could provide the tools our customers need to take control of their financial lives," said Mike Capelle, Head of Platform at United Capital. "Together with Envestnet | Yodlee, we are confident that we can provide consumers with the data they need to make informed decisions regarding their financial health."
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 | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 1,000 companies, including 11 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.
Envestnet | Yodlee is headquartered in Redwood City, CA with global offices in London and Bangalore. For more information, visit www.yodlee.com.
About United Capital Financial Advisers, LLC
United Capital Financial Advisers, LLC ("United Capital") is an independent financial life management firm. United Capital is a Registered Investment Adviser (RIA) offering clients objective advice and an open architecture platform that enables a wide array of investment management solutions tailored specifically to client needs. Today, United Capital has approximately $16 billion in assets under management and 81 offices nationwide. For more information, please visit www.unitedcp.com or www.joinuc.com.
FinLife Partners is a dba of United Capital Financial Advisers, LLC.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/envestnet--yodlee-and-united-capital-partner-to-provide-unprecedented-insights-into-financial-wellness-300304688.html
SOURCE Envestnet | Yodlee