Technology

Digital Digest: The Latest Tech News - Envestnet | MoneyGuide

Editorial Staff November 15, 2019

Digital Digest: The Latest Tech News - Envestnet | MoneyGuide

The latest news about technology products and services relevant for wealth managers around the world.

Envestnet | MoneyGuide, part of wealth management tech group Envestnet, has joined the Advisor Innovation Labs platform, a move designed to stretch its market reach.

Provider of financial planning software known as MoneyGuidePro®, Envestnet’s move enables clients of AI Labs to use the MoneyGuide tools through a single portal.

"One of the most interesting things about our integration with AI Labs is that it gives advisors control over the view they share with clients," Tony Leal, president, Envestnet | MoneyGuide, said. 

Brinker Capital (AuM $23.9 billion) was one of the first investment management companies to provide this service to advisors and their clients, with its new One Wealth Life platform, which was built with help from AI Labs.

Envestnet is listed in New York; more than 100,000 advisors in 4,700 firms use its services, including 43 of the 50 largest wealth management and brokerage firms.

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