) recently entered into a strategic alliance with Salentica Inc.
- a leading provider of innovative and integrated Client
Relationship Management (CRM) and Client Reporting technology
solutions for wealth managers - to enhance client efficiencies.
ENVESTNET INC (ENV): Free Stock Analysis
LPL FINL HLDGS (LPLA): Free Stock Analysis
To read this article on Zacks.com click here.
Under this alliance, Envestnet will integrate its Envestnet
Tamarac advisor rebalancing solutions with Salentica Advisor
DeskTM CRM solution, to help the wealth management firms to
address the complex management need of the clients. This
integration is expected to be completed in second quarter 2013.
This will enable Envestnet to launch advisor rebalancing directly
from Salentica Advisor Desk CRM and have seamless integration
between the two systems with features that allow it to be more
efficient and productive in its practices.
With this tie-up, Envestnet expects to enhance client service
efficiencies with a focus to empower advisors and be more
effective with instant response to cash request and client
inquiries and integration with other leaders in wealth management
space. Along with rebalancing portfolios and managing client
interactions, this collaboration will also streamline the ability
of the advisors to manage their client's accounts by eliminating
the requirement to move between two different platforms.
Headquartered in Chicago, Illinois, Envestnet is a leading
provider of technology-enabled wealth management solutions to
investment advisors. Envestnet's Advisor Suite software empowers
advisors to better manage client outcomes and strengthen their
Envestnet currently has a Zacks #3 Rank, which translates into a
short-term Hold rating. We have a long-term Neutral
recommendation on the stock. One of its competitors,
LPL financial Holdings
) holds a Zacks #2 Rank, which translates into a short-term Buy