ENVESTNET ANNOUNCES FIVE-YEAR STRATEGIC ROADMAP, MARKED BY INVESTMENTS IN RESEARCH & DEVELOPMENT, CLIENT SUPPORT AND AI

Envestnet today, during the Future Proof Festival, unveiled its five-year strategic vision, designed to transform the advisor experience and solidify its role as the leading adaptive wealthtech platform for broker-dealers, RIAs and institutional partners. Over the next five years, the company plans to invest $1 billion in research and development to bring this vision to life; equipping advisors with advanced, integrated and configurable tools for all their workflows from trading, reporting, financial planning, portfolio management, client engagement and more.Backed by the recent acquisition by Bain Capital, Envestnet's roadmap signals a strong continued focus: toward critical areas of platform unification, enhanced Unified Managed Account (UMA) infrastructure, flexible household modeling, the integration of multiple investment types, and expanded tools to help advisors deepen and expand client relationships."This moment marks a redefinition of who we are — and where we're going," said Chris Todd, Chief Executive Officer of Envestnet. "Advisors are telling us they want to consolidate with fewer partners, deepen integrations, and leverage better wealthtech that helps them expand their business, especially to serve the HNW market. This roadmap delivers that — not in pieces, but as a fully connected solution, and one in which we've dedicated significant resources to in terms of software and product development, and its delivery."Rethinking the Infrastructure of Advice Research1 shows that as an investor's wealth increases, the top reason they choose to work with a financial advisor shifts from Retirement Planning to Investment Management, with nearly half of HNW and UHNW investors citing investment management as the number one reason they work with an advisor, prioritizing asset growth and optimization as they feel more comfortable in their wealth level.As HNW investors control a growing share of U.S. wealth, Envestnet research shows they prefer more complex technology and comprehensive offerings – such as custom allocations, multi-manager accounts funds, alternative investments and tax overlay solutions2. Additionally, as a client's wealth increases, investors value tax efficiency and access to institutional grade investments as one of the most valuable benefits of using a financial advisor. Yet, most advisors still operate on fragmented, legacy systems ill-suited to offer the products and services that meet the evolving needs of investors and especially HNW investors.Alternative investments play a significant role in Envestnet's five-year plan and are another opportunity for the company to strengthen its relationship with advisors who serve high-net-wealth investors. According to Cerulli and Boston Consulting Group analysis, in 2024, approximately 8.5% of HNW investors' portfolios were allocated to alternatives, compared to 3% of affluent investors' portfolios. Envestnet seeks to democratize access to alternative investments for advisors and their clients by enhancing capabilities to hold alternative assets on platform and improving reporting capabilities.Envestnet will be previewing roadmap initiatives and engaging with platform users and partners throughout the Future Proof Festival, showcasing the adaptive wealth technology that can help advisors transform their guidance, and scale their practice to better meet the needs of their business, and their clients. Unified Advisor Experience: One integrated platform across planning, investment management, performance reporting, and client engagement — reducing complexity and increasing daily advisor efficiency. Next-Generation Portfolio Management: Expanded capabilities in managed accounts, alternatives, and trading to enable advisors to scale sophisticated strategies with ease and transparency. Growth Infrastructure for Serving the HNW Segment: New tools, integrations, and service layers designed to help firms attract and retain high-net-worth clients — the most profitable segment of the market. Accelerated Execution Through Strategic Capital: Bain Capital's partnership with Envestnet enables faster delivery of innovation, platform modernization, and market responsiveness.2025/2026 Focus Areas and Priorities Managed Accounts: UMA advisor-traded sleeves, flexible householding, alternatives, and portfolio management are at the forefront of our roadmap. The enhanced UMA infrastructure and household modeling groups will empower advisors to deliver more personalized and scalable solutions on our award-winning UMA platform3. Portfolio Management: Comprehensive manager research, consulting, and portfolio management for evolving investor needs, including enhanced portfolio analytics, advanced trading capabilities, multi-custodial options, and proposal enhancements with ISP (Investment Strategy Proposal) output customization and billing modernization. User Experience: Significant improvements to the client portal, reporting (including the launch of Report Studio), interactive dashboards, events/notification center, improved processes and the ability to open an account without a proposal. Decision Intelligence (DI): Envestnet's strategic perspective on AI is deeply rooted in transforming advisor productivity through Decision Intelligence (DI). DI combines AI/ML, data science, behavioral context, and predictive analytics to support tools like Insights AI, which empowers users to surface the most relevant next best action insights. It handles complex, multi-part queries through a robust agentic system using chain-of-thought reasoning. Generative BI complements this by enabling users to explore their data flexibly through natural language queries—whether as charts, graphs, widgets, or dashboards—tailored to their unique needs. Tamarac: Continue to set the standard with its market-leading RIA platform through trading, modeling and reporting. Upcoming upgrades to the client portal, deeper CRM integrations, and streamlined model management will further unify advisor workflows. MoneyGuide: Improved UI, new modules, and deeper integration for planning and reporting, including planning data into proposals and new retirement modules, with deeper integrations spanning Client Portal Prospecting, Proposal workflows, and Reporting PDF output. Alternatives: Launching Envestnet's interval funds capabilities and deepening integration with leading alternatives platforms. By the end of 2025, advisors will be able to seamlessly allocate to interval funds through Envestnet's UMA platform. These funds will be accessible within a UMA model or through one of Envestnet's Premier Partners' models with semi-liquid strategies embedded. Accompanying this effort is a renewed focus on enhancing alternative investment reporting capabilities. Envestnet has been working tirelessly to expand the scope and quality of the alts data it can report on through its integrations with partners such as iCapital, as well as Arch, CAIS, and Canoe Intelligence, with the expectation of opening those services on the Envestnet platform throughout 2026. Furthermore, efforts are underway to help facilitate K-1 reporting within the Unified Client Portal through connectivity with our alternatives partners. With institutional-quality due diligence and advanced reporting, Envestnet will deliver a fully connected alternatives experience. These capabilities empower advisors to diversify beyond shrinking public markets, personalize portfolios with confidence, and manage alternatives as efficiently as traditional assets.Advisor-Traded Sleeve InnovationEnvestnet also continues to modernize portfolio management, reporting, and trading for advisors. By the end of the year, a unified managed account (UMA) will be able to support an advisor model sleeve created and traded by an advisor or sponsor trader. The capability for advisors to trade what they want in sleeves they create within UMAs can drive significant growth by converting advisor-as-portfolio-manager assets into UMA assets. The advisor traded sleeve offers another tool for alternatives in that it can capture off-platform assets such as private market placements or structured notes purchased on a third-party marketplace such as iCapital or CAIS within a dedicated sleeve within a single registration. This adds to Envestnet's deep structured product integration with iCapital which incorporates these products in its proposal system."With clients expecting more from advisors than ever before, Envestnet is delivering the technology and infrastructure that help firms scale efficiently while deepening client relationships," said Molly Weiss, Group President of Wealth Management Platform for Envestnet. "Our decades of experience, combined with a unified strategic roadmap, ensure advisors have fully configurable tools—from planning and trading to reporting and managed accounts—that unlock growth today while building the smarter, more connected financial future they and their clients deserve."Future Proof Festival attendees can visit Envestnet at Booth 106 for an inside look at how the company plans to scale innovation over the next five years.

ENVESTNET ANNOUNCES FIVE-YEAR STRATEGIC ROADMAP, MARKED BY INVESTMENTS IN RESEARCH & DEVELOPMENT, CLIENT SUPPORT AND AI

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