Envestnet | MoneyGuide Named Leading Financial
Planning Software Provider By Market Share
For 17th Consecutive Year, In 2024
T3/Inside Information Advisor Software Survey
BERWYN,
Pa., March 11, 2024 /PRNewswire/ -- Envestnet
has been recognized by the 2024 T3/Inside Information Advisor
Software Survey as a leader in Financial Planning, Portfolio
Management, TAMP and Billing Solutions -- reinforcing the strength,
depth and breadth of its industry-leading Wealth Management
Platform and commitment to supporting advisor growth and
productivity through its deeply connected ecosystem. In the survey,
Envestnet | MoneyGuide – Envestnet's premier financial planning
software – was named the leading financial planning software
provider by market share for the 17th consecutive
year.
Envestnet took top honors across several categories. In the
All-in-One Programs category, which continues to grow market share
driven by the need for tighter integrations and internal
efficiency, Envestnet's Wealth Management Platform was named a
Software All-Star on the strength of its market penetration and for
achieving an extraordinary average user rating. Further, in the
Customized Client Billing Payment category, Envestnet BillFin was
also named a Software All-Star.
In addition to leading the Financial Planning category for 17
years in a row, MoneyGuide also claimed top honors in the Social
Security Analysis and College Planning categories and placed second
for MoneyGuide Wealth Studios in the Estate Planning Category.
Overall, Envestnet achieved the No. 1 Ranking this year in the
following categories:
- Trading/Rebalancing Tools for the Envestnet | Tamarac
platform
- Data Warehouse Services for Google (powered by Envestnet)
- Online Portfolio Management Tools for Envestnet
Envestnet also claimed a top 3 spot in the following
categories:
- Portfolio Management/Reporting Tools for Envestnet |
Tamarac
- Portfolio Design Solutions for Envestnet Quantitative
Portfolios
- TAMP Service Providers for Envestnet
- Account Aggregation Tools for Envestnet | Yodlee
"We're extremely proud to be named an industry leader across
multiple categories in this year's survey – reinforcing Envestnet's
focus and unwavering commitment to support advisor growth and
productivity in all parts of their practice, through the industry's
most connected ecosystem," said Molly
Weiss, Envestnet's Group President Wealth Management
Platform.
The Envestnet Wealth Management Platform is delivering on
industry trends and helping advisors better meet the needs of their
clients through its connected platform of technology, advanced
insights and solutions. Envestnet recently unveiled research that
highlights the top trends shaping the future of financial advice,
which included a theme that has permeated the industry: The
Evolution Towards Holistic Advice. The report points out that amid
this ongoing evolution towards more holistic advice, the scope of
advice is expanding, and advisors increasingly need to add value
beyond investments for their clients—such as through estate
planning, tax advice, loan and credit management, life insurance,
and health planning. Financial Planning is a core part of the
Envestnet ecosystem and foundational to an advisor's practice.
"Financial planning is central to the thesis that advice will
continue to become more holistic and intelligently connected. At
MoneyGuide, we remain committed to delivering best-in-class
financial planning capabilities to advisors so they can better
understand their clients' whole financial life in one place across
any range of areas including liquidity needs, long-term and
near-term goals, debt management, social security, risk awareness,
budget, and ultimately, enhance the value they provide to
comprehensively address their clients' needs," added
Rose Palazzo, Group President
Financial Planning for Envestnet.
"The 2024 T3/Inside Information Software Survey, the definitive
advisor buyer guide provides market share percentages and user
rankings for more than 300 fintech solutions in 36 different
categories. This year's survey once again demonstrates
MoneyGuidePro's enduring leadership in the financial planning
software category and continuing to gain market share," said
Joel Bruckenstein, Founder of the
T3 Conference and technology guides for advisors. "Overall,
Envestnet claimed top honors across six categories, more than any
other vendor in the survey. This not only speaks to the quality and
adaptability of Envestnet's solutions but also to the evolving
landscape of advisory services and the need to deliver
comprehensive, client-centered advice."
ABOUT ENVESTNET
Envestnet is helping to lead the growth of wealth managers and
transforming the way financial advice is delivered through its
ecosystem of connected technology, advanced insights, and
comprehensive solutions – backed by industry-leading service and
support. Serving the wealth management industry for 25 years with
more than $5.8 trillion in platform
assets—more than 108,000 advisors, 16 of the 20 largest U.S. banks,
48 of the 50 largest wealth management and brokerage firms, more
than 500 of the largest RIAs -- thousands of companies, depend on
Envestnet technology and services to help drive business growth and
productivity, and better outcomes for their clients. Data as of
12/31/2023.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For a deeper
dive into how Envestnet is shaping the future of financial advice,
visit www.envestnet.com. Stay connected with us for the latest
updates and insights on LinkedIn and X (@ENVintel).
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SOURCE Envestnet