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Envestnet manages over $6t in assets, oversees nearly 20m accounts, and enables more than 109,000 financial advisors to better meet client financial goals with one of the most comprehensive, integrated platforms delivered at scale in a unified, engaging digital experience. Strategic partners BlackRock, Fidelity Investments, Franklin Templeton, and State Street Global Advisors have committed to invest in the proposed transaction, and upon its completion they will hold minority positions in the private company.
"The Board and its advisors conducted a process to maximize value for shareholders," said Jim Fox, Board Chair and Interim CEO of Envestnet. "I'm proud of what Envestnet has achieved over the years in becoming the leading wealth management platform in the industry."
