Envestnet Inc is a technology company that provides integrated wealth management solutions and services to financial advisors, institutions, and their clients
The company's platform combines data aggregation, reporting, and analytics with investment management resources, enabling users to make informed financial decisions and enhance client engagement. Envestnet aims to streamline the financial planning process, offering tools that support holistic financial wellness, personalized investment strategies, and robust portfolio management. By leveraging cutting-edge technology, the company empowers its clients to drive growth, improve efficiency, and deliver exceptional financial outcomes.
Envestnet announced it will be acquired by Bain Capital for $4.5 billion ($63.15 per share). Strategic partners including BlackRock Inc (NYSEBLK), Fidelity Investments, Franklin Templeton, and State Street Global Advisors will also invest.
Fintech and Digital Assets are the next economic boom. According to a Global Market Insights report, Fintech as a Service (FaaS) industry is estimated to grow from a $260.7 billion market size in 2022 to $995.9 billion in 2032 (CAGR: 14%).
