A Strategic Alignment to Enhance FMAX, Enable
New Capabilities to Serve Firms of All Sizes
Fidelity Investments and Envestnet (NYSE: ENV) today announced
the expansion of their 20+ year relationship to deliver a
comprehensive wealth and advisory solution that builds on the
success of Fidelity Managed Account Xchange® (FMAX),
Fidelity’s wealth management platform, and the firms’ long-standing
collaboration that has grown to more than $500 billion across
managed accountsi.
Envestnet's 2024 Market Intelligence Survey shows that while
most advisors currently assemble their technology stacks with point
solutions that address a single need (61%), an all-in-one
technology platform that serves most or all their business needs is
by far their preferred choice, versus a tech stack comprising
multiple point solutionsii. Fidelity and Envestnet are combining
industry-leading technology and service with proprietary
institutional data management and investment solutions to help
firms and their advisors embrace this industry shift.
“Investment management will always be the foundation of an
advisor’s offering, but the rising demand for holistic wealth
management means they must be more deliberate about where and how
they spend their time,” said Gary Gallagher, head of Wealth
Advisory & Portfolio Solutions at Fidelity Institutional.
“Fidelity and Envestnet are combining the best of both firms to
make it easier for advisors to manage their books of business,
provide sophisticated investment management, and integrate more
financial planning services to help them remain competitive.”
A Unified Offering
Fidelity and Envestnet are enabling new and enhanced FMAX
capabilities to serve a full spectrum of wealth management firms
and advisors. These capabilities, which will continue to be
delivered through Fidelity’s industry-leading service model and
improved workflows offered through Envestnet, are designed to:
- Offer more holistic wealth management solutions, with
ongoing tax management for model portfolios, including Fidelity’s
Custom Model offerings, and integration with Envestnet’s Insurance
Exchange and high-net-worth solutions.
- Produce better, more comprehensive insights and
reporting through integration with Envestnet’s institutional
data aggregation and performance reporting, Vantage. Through secure
connections, this also supports the ability to view positions and
portfolios both on and off Fidelity’s brokerage platform, extending
an advisor’s view to better manage their clients’ entire wealth
potential.
- Introduce a new FMAX Essentials offering to provide more
optionality for registered investment advisors (RIAs), broker
dealers, and family offices of all sizes. FMAX, available today, is
a fully customizable, open-architecture solution for firms with
complex needs. FMAX Essentials, which is expected to roll out later
this year, is an offering of select investment solutions intended
for smaller and mid-sized firms.
“As today’s advisors look to grow and scale their business,
Envestnet’s expanded relationship with Fidelity is providing
greater opportunities to optimize the advisor workflow; help reduce
the time and effort required for account management tasks; seek to
build deeper client relationships; and holistically address their
financial planning needs,” said Andrew Stavaridis, Chief
Relationship Officer and Group Head of Wealth Solutions
Distribution at Envestnet. “Providing personalized solutions for
clients – at scale – is expected to become a more seamless and
unified experience through this unique collaboration.”
Advisors have access to existing wealth management and
educational resources offered through Fidelity Institutional Wealth
Adviser LLC (FIWA)®. FIWA provides a bedrock of independent,
open-architecture research and a variety of programs to help
advisors build better portfolios, including:
- Quantitative and qualitative research on investment managers –
both Fidelity and third party – covering a growing set of asset
classes and investment vehicles, including active and passive
mutual funds and exchange traded funds (ETFs), turnkey and custom
separately managed account (SMA) solutions, model portfolios, as
well as liquid and private alternative investments.
- Fidelity’s investment consultants and portfolio solutions team
to provide a sounding board for portfolio construction strategies
and insights, including economic and market outlooks,
practice-level portfolio reviews, end-client proposal portfolio
design, and unified managed account (UMA) model construction
guidance. These teams help advisors scale their business with
strategies across mass affluent, high-net-worth, and
ultra-high-net-worth portfolios.
- Fidelity’s Wealth Advisory Institute, a comprehensive practice
management and education program designed to help advisors adapt
their practice to attract next-generation investors and implement a
planning based engagement model.
To learn more, please visit i.fidelity.com/fmax
About Fidelity Investments
Fidelity’s mission is to strengthen the financial well-being of
our customers and deliver better outcomes for the clients and
businesses we serve. Fidelity’s strength comes from the scale of
our diversified, market-leading financial services businesses that
serve individuals, families, employers, wealth management firms,
and institutions. With assets under administration of $13.7
trillion, including discretionary assets of $5.3 trillion as of
March 31, 2024, we focus on meeting the unique needs of a broad and
growing customer base. Privately held for 77 years, Fidelity
employs more than 75,000 associates across the United States,
Ireland, and India. For more information about Fidelity
Investments, visit
https://www.fidelity.com/about-fidelity/our-company.
About Envestnet
Envestnet is helping to lead the growth of wealth managers and
transforming the way financial advice is delivered through its
ecosystem of connected technology, advanced insights, and
comprehensive solutions – backed by industry-leading service and
support. Serving the wealth management industry for 25 years with
more than $6 trillion in platform assets—more than 109,000
advisors, 17 of the 20 largest U.S. banks, 48 of the 50 largest
wealth management and brokerage firms, more than 500 of the largest
RIAs -- thousands of companies, depend on Envestnet technology and
services to help drive business growth and productivity, and better
outcomes for their clients. Data as of 3/31/24.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For a deeper
dive into how Envestnet is shaping the future of financial advice,
visit www.envestnet.com. Stay connected with us for the latest
updates and insights on LinkedIn and X (@ENVintel).
Fidelity and Envestnet are separate and unaffiliated firms. This
release should not be construed as a recommendation or endorsement
of any particular product, service, individual or firm.
About FMAX and FIWA
Fidelity Institutional Wealth Adviser LLC (FIWA)® is a
registered investment adviser and an indirect, wholly-owned
subsidiary of FMR LLC. FIWA is the sponsor of the Fidelity Managed
Account Xchange® (FMAX) program. FMAX is a comprehensive wealth
management platform consisting of advisory tools, programs and
services, and investment products from Fidelity and other leading
asset managers. Some services are provided by affiliated and
unaffiliated parties. FMAX offers robust Fidelity service &
support and a simplified client experience, provides investment
advisory and platform services, and is offered by FIWA, an
affiliate of Fidelity Brokerage Services LLC and National Financial
Services LLC. FMAX provides investment advisory and platform
services for a fee. The FMAX Platform is not a brokerage
product.
Fidelity Investments® is an independent company, unaffiliated
with Envestnet Inc. ("Envestnet"). Fidelity Investments is a
service provider to Envestnet. There is no form of legal
partnership, agency affiliation, or similar relationship between
Envestnet and Fidelity Investments, nor is such a relationship
created or implied by the information herein. Fidelity Investments
is a registered trademark of FMR LLC. Fidelity Investments®
provides investment products through Fidelity Distributors Company
LLC; clearing, custody, or other brokerage services through
National Financial Services LLC or Fidelity Brokerage Services LLC,
Members NYSE, SIPC; and institutional advisory services through
Fidelity Institutional Wealth Adviser LLC.
Fidelity does not provide legal or tax advice. The information
herein is general and educational in nature and should not be
considered legal or tax advice. Tax laws and regulations are
complex and subject to change, which can materially impact
investment results. Fidelity makes no warranties with regard to
such information or results obtained by its use, and disclaims any
liability arising out of your use of, or any tax position taken in
reliance on, such information. Consult an attorney or tax
professional regarding your specific situation.
ETFs are subject to market fluctuation, the risks of their
underlying investments, management fees, and other expenses.
Alternative investments are investment products other than the
traditional investments of stocks, bond, mutual funds, or ETFs.
Examples of alternative investments are limited partnerships,
limited liability companies, hedge funds, private equity, private
debt, commodities, real estate, and promissory notes. Some of the
risks associated with alternative investments are: Alternative
investments maybe relatively illiquid. It may be difficult to
determine the current market value of the asset. There may be
limited historical risk and return data. A high degree of
investment analysis maybe required before buying. Costs of purchase
and sale may be relatively high.
Third party marks are the property of their respective owners;
all other marks are the property of FMR LLC. The third parties
referenced herein are independent companies and are not affiliated
with Fidelity Investments. Listing them does not suggest a
recommendation or endorsement by Fidelity Investments
# # #
Fidelity Brokerage Services LLC, Member NYSE,
SIPC 900 Salem Street, Smithfield, RI 02917
Fidelity Distributors Company LLC, 900 Salem
Street, Smithfield, RI 02917
National Financial Services LLC, Member NYSE,
SIPC, 245 Summer Street, Boston, MA 02110
1149703.2.0
© 2024 FMR LLC. All rights reserved.
i Includes assets in managed account programs across Envestnet
and FMAX but excludes accounts associated with Data Aggregation
Services and Reporting Only Services as of 3/31/24. ii Envestnet
2024 Market Intelligence Survey; 62% of advisors assemble their
tech stack with point solutions, but almost half (47%) prefer to be
using an all-in-one platform. Of all-in-one users, 94% want to
continue with their tech set ups. Only 53% of advisors who use
point solutions want to continue with that method.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240613395255/en/
Contact for Media Only: Corporate Communications
fidelitymediarelations@fmr.com
Anjelica Sena anjelica.sena@fmr.com 201-915-7814
Eric Jones Eric.Jones@envestnet.com 917-488-4214
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Envestnet (NYSE:ENV)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Envestnet (NYSE:ENV)
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부터 6월(6) 2023 으로 6월(6) 2024