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Envestnet completes acquisition of Yodlee


Envestnet a provider of wealth management technology and services to financial advisors, has completed its acquisition of cloud-based data aggregation platform Yodlee.

“We warmly welcome the Yodlee team to the Envestnet family. Yodlee’s pioneering data aggregation solutions greatly strengthen Envestnet’s broadly integrated wealth management platform and solve a mission critical problem that advisors and their clients are facing today – efficient client onboarding and comprehensive planning over all of the client’s assets,” says Jud Bergman (pictured), Chairman and Chief Executive Officer of Envestnet. “Advisors seeking solutions that will enable them to serve and add value to their clients for their lifetime will find the combined Envestnet-Yodlee offerings to be compelling.”
“The entire Yodlee team is excited about this next chapter for the combined company,” says Anil Arora, Chief Executive, Envestnet|Yodlee. “The combination taps Yodlee’s expansive ecosystem of financial institutions and financial technology innovators utilising our industry-leading financial data platform, APIs, and solutions to drive their continued business success and to also fuel our new combined company's strength and momentum in the wealth management space.”

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