Empowering Financial Advisors with Envestnet

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Empowering Financial Advisors with Envestnet | Tamarac

Envestnet's Mission and Client Reach

Envestnet, Inc. and its subsidiaries are dedicated to transforming the delivery of financial advice and insights by empowering financial advisors and service providers through innovative technology, solutions, and intelligence. As of December 31, 2023, Envestnet's client base boasts over 108,000 advisors, major U.S. banks, wealth management firms, RIAs, and FinTech companies. These clients leverage Envestnet's technology and services to drive superior outcomes for their enterprises, advisors, and clients. Envestnet's goal is to expand a holistic financial wellness ecosystem that enhances client services.

Envestnet's Business Segments and Supply Chain Operations

Envestnet is structured around two primary business segments - Envestnet Wealth Solutions and Envestnet Data & Analytics. The former provides comprehensive wealth management software, services, and solutions to enable holistic advice delivery, while the latter offers financial data aggregation and analytics tailored to the needs of financial institutions globally. Envestnet's supply chain is mainly concentrated in the U.S. and India, with smaller activity in Canada, Australia, and the UK. The company's Strategic Sourcing and Procurement team works to standardize purchasing and supplier relationships.

Envestnet's Approach to Modern Slavery Risks and Policies

Envestnet acknowledges the potential risks of modern slavery within its operations and supply chain, particularly in its investments in companies that may have links to modern slavery. The company has taken steps to address these risks through policy implementations. Envestnet's 2023 employee handbook revisions include sections on human rights and human trafficking, emphasizing the reporting of any human trafficking suspicions. The company released a Human Rights Policy Statement opposing human trafficking and a Supplier Code of Conduct outlining expectations for suppliers. While Envestnet does not yet audit supplier compliance, it relies on self-reporting and public issue disclosure. Employee acknowledgment of these policies is required annually, although there is no specific modern slavery or human trafficking training.

Envestnet's Continued Monitoring and Improvement Efforts

During the 2023 reporting period, Envestnet did not engage in any remedial actions related to forced labor or child labor and had no knowledge of modern slavery issues in its operations or supply chains. The effectiveness of the newly implemented policies is still under review, and the company plans to monitor and assess them in the future. Envestnet's Board of Directors approved this Modern Slavery Statement, confirming its commitment to fighting forced labor and child labor in its supply chains.

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Envestnet | Tamarac: Celebrating Client Success Stories

Client Success Stories

Envestnet | Tamarac celebrates 25 years by highlighting the success stories of their clients who have leveraged the platform to manage wealth effectively. Various clients from different locations, including LibertyFi in Birmingham, Alabama, Park Avenue Securities in New York City, NY, and Osaic in Phoenix, AZ, share their journey to success with the help of Envestnet's technology solutions. Alli Jordan of LibertyFi, for instance, showcases how the platform empowered advisors across the U.S. while Park Avenue Securities emphasizes how technology, teaming, and relationships contribute to driving business. Osaic, through partnership and growth, is also leading the way for advisors to capitalize on essential Envestnet technology.

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Envestnet | Tamarac: Enhancing Financial Institutions through Data Intelligence

The Data Intelligence Advantage

Envestnet | Tamarac offers financial institutions a cutting-edge advantage in data intelligence, with 16 of the 20 largest U.S. banks already utilizing their services. Through a comprehensive ecosystem of technology, solutions, and intelligence, Envestnet empowers financial institutions to achieve increased efficiency and deliver the Intelligent Financial Life™ experience to their clients.

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Envestnet | Tamarac Wealth Data Platform: Revolutionizing Financial Management

Introduction to Envestnet | Tamarac

Envestnet | Tamarac is a leading wealth management platform that offers cutting-edge solutions for financial advisors and firms. With a focus on providing comprehensive tools to streamline operations and enhance client engagement, Tamarac's platform is designed to revolutionize financial management. By leveraging advanced technology and innovative features, Envestnet | Tamarac empowers advisors to deliver personalized, data-driven insights and optimize their clients' financial well-being.

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Envestnet | Tamarac: Revolutionizing Wealth Management Platforms

Innovative Technology Solutions

Envestnet | Tamarac has established itself as the premier technology provider, offering innovative platforms that cater to the diverse needs of the wealth management industry. Recognized for its cutting-edge solutions, Envestnet has been awarded the best technology provider for its innovative platforms, making it the go-to partner for industry professionals.

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Empower Your Practice with Envestnet | Tamarac Solutions

Envestnet | Tamarac: Revolutionizing Financial Professionals' Practices

Envestnet | Tamarac offers a cutting-edge solution for financial professionals, empowering them to focus on what truly matters – building strong client relationships, delivering personalized portfolios, and expanding their practice. By leveraging Envestnet's technology, advisors can streamline their practice management, allowing them to concentrate on understanding the unique financial situations of each client. This data-driven ecosystem combines advanced technology, intelligence, and tailored solutions to enhance relationship-based practices across various sectors, including broker-dealer representatives, bank wealth management advisors, dually registered advisors, advisors to nonprofit organizations, and family offices.

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