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After posting an 11% increase in revenue year-over-year during the first quarter, Envestnet executives detailed plans around the firm’s $30 million investment in its digital “financial wellness ecosystem” to generate future revenues.

In the company’s first-quarter earnings call on May 6, Chief Financial Officer Pete D’Arrigo broke down how the $30 million of additional operating expenses throughout the year will be utilized.

Envestnet is also rolling out a new trading platform that brings together “the best of all of Envestnet’s leading capabilities to advisers across every channel,” Crager said.

The third focus of Envestnet’s growth strategy is to open its platform for expansion. The February launch of MoneyGuide engine, which opens financial planning APIs to the industry, will bring to market one complete ecosystem of APIs for the entirety of the Envestnet network, Crager said.

Moving forward, Envestnet is zeroing in on three areas of focus to accelerate revenue opportunities around the tech ecosystem, Crager said. The first is capturing more of the addressable market that already resides on Envestnet’s platform. “Asset-based solutions are an important part of this opportunity,” he said.

The third focus of Envestnet’s growth strategy is to open its platform for expansion. The February launch of MoneyGuide engine, which opens financial planning APIs to the industry, will bring to market one complete ecosystem of APIs for the entirety of the Envestnet network, Crager said.

Data Finance Investment Result
Diligent Capital Impressive $ 23 560 000 34.6%
Europe Virgin Fund Outstanding $ 32 560 00 34.6%

The third focus of Envestnet’s growth strategy is to open its platform for expansion. The February launch of MoneyGuide engine, which opens financial planning APIs to the industry, will bring to market one complete ecosystem of APIs for the entirety of the Envestnet network, Crager said.

  1. After posting an 11% increase in revenue year-over-year during the first quarter, Envestnet executives detailed plans around the firm’s $30 million investment in its digital “financial wellness ecosystem” to generate future revenues.
  2. In the company’s first-quarter earnings call on May 6, Chief Financial Officer Pete D’Arrigo broke down how the $30 million of additional operating expenses throughout the year will be utilized.

 

The third focus of Envestnet’s growth strategy is to open its platform for expansion. The February launch of MoneyGuide engine, which opens financial planning APIs to the industry, will bring to market one complete ecosystem of APIs for the entirety of the Envestnet network, Crager said.

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