Market Overview

Envestnet Teams with Symetra Investment Services to Deliver Suite of Wealth Management Solutions to Advisors


CHICAGO, Nov. 5, 2012 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV), a leading provider of technology-enabled wealth management solutions for investment advisors, implemented a fully integrated wealth management platform for independent broker-dealer Symetra Investment Services, Inc. (SIS), which provides SIS-affiliated advisors with access to a comprehensive suite of advanced online tools, including aggregated reporting capabilities.

"Many independent broker-dealers are hindered by outdated technology. Through Envestnet's platform, SIS is able to give their 300 advisors access to a sophisticated wealth management apparatus," said James Lumberg, Envestnet co-founder and managing director. "By adding aggregated reporting to the mix — which provides an overall view of a client's wealth and allows the advisor to create a holistic financial plan — SIS has empowered their advisors to offer advice that conforms to current best practices."

Envestnet's end-to-end wealth management platform can be tailored to allow financial institutions and independent advisors to deliver client solutions at all asset levels. It combines powerful analytic tools, dynamic reporting and other practice management applications to give advisors a scalable, streamlined and integrated solution, empowering them to improve client outcomes and strengthen their practices.            

"SIS is committed to delivering up-to-date technology solutions to our affiliated advisors," said Richard Moran, president of Symetra Investment Services. "The addition of Envestnet's suite of tools gives reps the ability to bring together the information sources and products they need with integrated management and reporting to provide superior insight and services to their clients."

Envestnet, Inc. (NYSE: ENV) 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 practice. Envestnet offers advanced portfolio solutions through its Portfolio Management Consultants Group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software. Envestnet | Prima provides institutional-quality research and due diligence on investment and fund managers. Envestnet | Vantage™ gives advisors an in-depth view of clients' investments, empowering them to give holistic, personalized advice.

For more information on Envestnet, please visit

Symetra Investment Services, Inc., is a broker-dealer and registered investment advisor subsidiary of Symetra Financial Corporation (NYSE: SYA), a diversified financial services company based in Bellevue, Wash. For more information about SIS, visit

Jami Schlicher, JCPR
(973) 850-7309

SOURCE Envestnet, Inc.

View Comments and Join the Discussion!