Morgan Stanley will integrate the new offering into its core wealth management services.

American software company Yodlee and its parent company, Envestnet, have combined their data aggregation, digital applications and data reconciliation capabilities, signing up Morgan Stanley Wealth Management as a client.

Morgan Stanley, which manages over $2 trillion in client assets, entered into the agreement for both Yodlee data aggregation and digital applications and Envestnet data reconciliation. Envestnet|Yodlee said it would aggregate, cleanse and reconcile data using the latest machine learning technologies and innovative applications.

“Envestnet and Yodlee are proud to announce Morgan Stanley as a new client, demonstrating our combined organization's growing success selling more comprehensive solutions to large, sophisticated financial institutions," said Anil Arora, chief executive of Envestnet|Yodlee.

“We are obviously thrilled with this partnership and look forward to building value for Morgan Stanley's advisors and clients with our combined market leading technology.”