06.13.24

Fidelity and Envestnet Partner To Help Advisors Get More Holistic

by: Leo Almazora

Fidelity and Envestnet are expanding their longstanding partnership, which has grown to include more than $500 billion across managed accounts, to deliver a new suite of unified wealth and advisory solutions. Building on Fidelity’s Managed Account Xchange, FMAX, and their existing relationship, the new platform aims to meet the increasing demand for unified technology solutions in the wealth management sector. According to Envestnet’s 2024 Market Intelligence Survey, while 61% of advisors currently use point solutions for specific needs, the preference is shifting towards all-in-one technology platforms. This new collaboration between Fidelity and Envestnet seeks to address this shift by combining their technology and services with proprietary data management and investment solutions.

Read the full article on InvestmentNews