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Envestnet President Bill Crager To Chair Panel At ABA Wealth Management And Trust Conference

With Banks Relying More on Wealth Management for Revenue, Envestnet | WMS Offers Tools to Help Unify Client Experiences Across Wealth Management Channels

CHICAGO, Feb. 26, 2014 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV), a leading provider of integrated wealth management technology and services to investment advisors and wealth managers, announces that President Bill Crager will moderate a panel discussion at the American Bankers Association (ABA) Wealth Management and Trust Conference, which will take place from February 26-28, 2014 at the Hilton San Diego Bayfront Hotel.


Mr. Crager will lead a discussion entitled "Winning the Battle for Growth" on the second day of the conference (February 27, 2014) from 2:45 p.m. to 4 p.m. Pacific Standard Time. He will moderate as a panel of chief investment officers from nationally recognized banks speak about successful growth strategies. The panelists will also recommend best practices for eliciting referrals, surrounding clients with experts, leveraging in-house commercial and retail relationships, and other aspects of wealth management.

"As a leading provider of advisory platform services to over 40 banks ranging from top 10 national institutions to mid-size regional banks and small community banks, Envestnet understands the challenges banks face as they struggle to maintain their market shares while adjusting to more stringent regulations," said Mr. Crager. "The ABA Wealth Management and Trust Conference provides a valuable opportunity to learn from the industry's thought leaders and share best practices that our bank clients are utilizing to grow their wealth management businesses."

Envestnet acquired the assets of Prudential Investments' Wealth Management Solutions (WMS) division in July 2013. In the months since the acquisition's completion, the business, now known as Envestnet | WMS, is working with financial institutions to give wealth management clients a consistent experience across all the organizations' channels.

"Banks need to offer a more profound wealth management experience to remain competitive in today's evolving marketplace," said John Yackel, Managing Director, Envestnet | WMS. "The combination of our practice management consultancy and Envestnet's technology, workflow and efficiency solutions can bring banks closer to unifying their various wealth management businesses, and position them for scalable long-term growth."

Envestnet | WMS offers financial institutions access to an integrated wealth platform, which helps construct and manage sophisticated portfolio solutions across an entire account life cycle. The business also provides extensive research services from Envestnet | PMC®, Envestnet's portfolio consulting group, and assembles advisor development support teams which are dedicated solely to increasing assets for select client organizations.

In addition, Envestnet | WMS helps financial firms envision, design, and implement their wealth management offerings, and helps optimize their workflow to improve growth and profitability, particularly in the area of unified managed account (UMA) trading. To that end, it has developed a desktop-accessible Overlay Portfolio Management console that helps wealth managers efficiently build customized client portfolios that consider both proprietary and open-architecture investment solutions.

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better results.

Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software.

For more information on Envestnet, please visit

CONTACT: Lauren Bielski
Jennifer Connelly Public Relations
(646) 922-7766
[email protected]


SOURCE Envestnet, Inc.

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