Edelman Financial Services Announces Move to Envestnet Wealth Management Platform

FAIRFAX, Va., Jan. 30, 2018 /PRNewswire/ -- Edelman Financial Services, demonstrating its continued commitment to outstanding financial education, advice and client service, today announced a relationship with Envestnet, a leading provider of intelligent systems for wealth management and financial wellness. The agreement will help Edelman deliver a state-of-the-art client experience.

One of the nation's largest independent financial planning and investment management firms,[1] Edelman Financial Services will equip its financial planners with Envestnet's robust suite of capabilities to support the Edelman Managed Asset Program^® (EMAP), which has more than $21 billion in assets.[2] Envestnet's capabilities will also enable Edelman Financial planners to operate more efficiently so they can better serve their clients.

"Envestnet will help us grow sustainably while ensuring we continue delivering outstanding service and advice to our current clients," said Ryan Parker, chief executive officer of Edelman Financial Services. "The platform will allow us to create a more integrated, seamless client experience, building upon our 30-year commitment to putting our clients first." He added that Edelman Financial Services has long been focused on using technology to improve the client experience, noting that founder and executive chairman Ric Edelman's latest book, The Truth About Your Future, focuses on the impact that exponential technology will have on personal finance.

"Research has shown that firms who leverage advanced technology integration serve more clients and are able to focus more on building stronger client relationships," said John Phoenix, managing director of advisory services at Envestnet. "Our integrated technology will enable Edelman's financial planners to provide truly client-focused wealth management."

About Edelman Financial Services 
Founded by Ric and Jean Edelman in 1987, Edelman Financial Services is one of the nation's largest independent financial planning firms[3] with 160 financial planners and 43 offices coast-to-coast, provides financial planning and investment management services to nearly 36,000 individuals and families, and manages more than $21 billion in assets.[4] The firm also provides 401(k) plans and institutional investment management for businesses. Edelman Financial Services has won more than 100 financial, business, community and philanthropic awards,[5] and offers an investment philosophy that puts clients first and delivers value through in-depth financial education, personalized financial plans and unfettered access to planners.[6]

About Envestnet 
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.

More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences and help drive better outcomes for enterprises, advisors and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

[1] WealthManagement.com's "Top 100 RIAs of 2015" ranking was assembled using data from Meridian-IQ. Advisory firms are ranked by total assets under management. To land on the list, firms had to have a focus on financial and retirement planning for individual and high-net-worth clients. And institutional clients do not make up a substantial portion of their businesses. Finally, none of these firms are owned by a bank, broker/dealer or investment company. Investor experience/returns were not considered as part of this ranking. Edelman Financial Services ranked 3rd. 
[2] As of Dec. 31, 2017. 
[3] WealthManagement.com's "Top 100 RIAs of 2015" ranking was assembled using data from Meridian-IQ. Advisory firms are ranked by total assets under management. To land on the list, firms had to have a focus on financial and retirement planning for individual and high-net-worth clients. And institutional clients do not make up a substantial portion of their businesses. Finally, none of these firms are owned by a bank, broker/dealer or investment company. Investor experience/returns were not considered as part of this ranking. Edelman Financial Services ranked 3rd. 
[4] As of Dec. 31, 2017. 
[5] Throughout the firm's 30-year history, EFS and Ric Edelman have been presented with numerous business, advisory, communication and community service awards. More information on these awards can be found at EdelmanFinancial.com/awards. 
[6] Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.

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SOURCE Edelman Financial Services