Envestnet Inc (ENV)

Description:

Envestnet, Inc. was incorporated in the State of Delaware. It is the provider of technology-enabled, Web-based investment solutions and services to financial advisors. Its integrated technology platform allows financial advisors to provide their clients with highly flexible investment solutions and services. It works with financial advisors who are independent, as well as those who are associated with small or mid-sized financial advisory firms and larger financial institutions. It focuses its technology development efforts and its sales and marketing approach on addressing financial advisors' front-, middle- and back-office needs. Its investment solutions and services allow financial advisors to be more efficient and effective in the activities critical to their businesses by facilitating client interactions, supporting and enhancing portfolio management and analysis, and enabling reliable account support and administration. Web-based access to a wide range of technology-enabled investment solutions, including: separately managed accounts, or SMAs, which allow advisors to offer their investor clients a customized, professionally managed portfolio of securities with a personalized tax basis, unified managed accounts, or UMAs, which are similar to SMAs but allow the advisor to use different types of investment vehicles in one account; advisor-directed portfolios, where advisors create, implement and maintain their own investment portfolio models to address specific client needs; mutual funds and portfolios of exchange-traded funds, or ETFs; and Access to a broad range of investment managers and investment strategists, which allow advisors to use the research and recommendations of other investment experts, as well as to its internal investment management and portfolio consulting group, Portfolio Management Consultants, or PMC. PMC primarily engages in consulting services aimed at providing financial advisors with additional support in addressing their clients' needs, as well as the creation of proprietary investment solutions and products .It has following competitive strengths: Superior integrated wealth management technology platform, Access to a wide range of investment solutions, Enabling choice through open architecture, Independent and unbiased technology services provider, Significant operating scale and efficiency, Deep and loyal customer base, Proven management team. Its principal competitors are Custodians, Turnkey Asset Management Platform Provider sand Providers of Specific Service Applications. Its technology platform features a three-tier architecture integrating a Web-based user interface, an application tier that houses the Java-based business logic for all of the platform's functionality and a SQL Server database. It has registered the mark "ENVESTNET" with the U.S. Patent and Trademark Office. The financial services industry is among the most extensively regulated industries in the United States. It operates investment advisory, broker-dealer and mutual fund businesses, each of which is subject to a specific regulatory scheme, including regulation at the Federal and state level, as well as regulation by self-regulatory organizations and non-U.S. regulatory authorities. It is also subject to numerous laws and regulations of general application.