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Finance Logix, the financial planning software provider, was acquired by Envestnet for $30m. The transaction marks a new trend that pairs wealth management with financial planning.
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Envestnet on Wednesday acquired Finance Logix, a financial planning software provider — marking yet another indicator of the industry's turn toward goals-based financial planning. Finance Logix's software will be integrated into Envestnet's platform, allowing advisers to access financial planning as well as investment strategies for clients.
http://www.investmentnews.com/article/20150506/FREE/150509947/envestnet-acquires-finance-logix
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