Wealth Administration/Monetary Wellness Supplier Envestnet Publicizes Acquisition of Harvest Financial savings & Wealth Applied sciences

Envestnet, Inc. (NYSE: ENV), a supplier of clever techniques for wealth administration and monetary wellness, introduced on Thursday it has acquired Harvest Financial savings & Wealth Applied sciences. In line with Envestnet, Harvest Financial savings & Wealth Applied sciences offers automated goals-based saving instruments and wealth options to banks, credit score unions, belief firms, and different monetary establishments. The corporate’s platform offers the next:

• Automated Micro-Financial savings: Targets-based financial savings expertise solves a serious drawback going through conventional banks
• Digital Account Opening: Permits purchasers and end-investor clients to open accounts seamlessly throughout financial savings, wealth, and belief techniques.

Drew Sievers, CEO of Harvest Financial savings & Wealth Applied sciences, spoke in regards to the acquisition by stating:

“At Harvest, we imagine that each wealth account begins as a financial savings account. Like Envestnet, since our founding we have now proudly labored to assist our purchasers unify their clients’ monetary journeys. We’re excited to hitch Envestnet as they lead the business towards making a extra significant influence on the holistic monetary wellness of their purchasers’ clients.”

As beforehand reported, Envestnet’s mission is to empower advisors and monetary service suppliers with progressive expertise, options, and intelligence to make monetary wellness a actuality for everybody. Phrases of the acquisition weren’t disclosed.