FNZ, Envestnet partner to deliver digital wealth solution

Yasmine Raso

Senior Journalist, Financial Newswire

31 October 2022

Wealth management and financial wellness system provider, Envestnet, and global wealth platform, FNZ, have partnered to develop an integrated digital wealth management solution in the United States.

With over 8,000 wealth management partners in over 21 countries, including Colonial First State in Australia, FNZ’s platform will integrate with Envestnet’s to provide real-time account opening and funding and digitally automated account maintenance.

“We are very excited about our partnership with Envestnet. Both of our companies have a shared vision to open up wealth, helping everyone invest in their future on their terms,” Adrian Durham, CEO of FNZ, said.

“The integrated solution will help our partners accelerate innovation and create outstanding client experiences.”

The partnership will also leverage Envestnet Data and Analytics’ Wealth Data Platform (WDP) to be made available as part of FNZ’s platform to its global clients, assisting them to improve their operations with its advanced predictive models.

“We look forward to working closely with FNZ to provide scaled, streamlined, deeply connected experiences that will deliver greater intelligence and value for all our clients,” Bill Crager, Co-Founder and CEO of Envestnet, said.

“Today’s announcement is another milestone in Envestnet’s partnership strategy to accelerate our pace of innovation in the market,” Rich Aneser, Chief Strategy Officer at Envestnet, said.

“By partnering with FNZ, a leading global wealth technology platform provider with cutting-edge technology, we continue to demonstrate that our open ecosystem creates improved experiences and more value for customers.”

The WDP will be integrated and distributed in early 2023, while the digital wealth management solution will be available in the United States during the second half of 2023.