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Envestnet | Yodlee to Support Morgan Stanley Wealth Management Business


In October, Envestnet | Yodlee reported the full integration of Yodlee’s technology into the Envestnet platform. A month later, the company has announced the full integration’s latest win: a partnership that will put Envestnet | Yodlee’s data aggregation, reconciliation, and digital apps at the core of Morgan Stanley’s wealth-management business.

Anil Arora, Envestnet | Yodlee CEO, cited the partnership as evidence of his company’s ability to sell “more comprehensive solutions to large sophisticated financial institutions.” Managing more than $2 trillion in client assets, Morgan Stanley will integrate digital apps and data-aggregation technology from Yodlee and data-reconciliation solutions from Envestnet. “We look forward to building value for Morgan Stanley’s advisers and clients with our combined market leading technology,” Arora said.


Katy Gibson, VP, product applications, demonstrated Envestnet | Yodlee’s dynamic intelligence technology at FinovateFall 2016.

The news from Envestnet | Yodlee comes as the company ramps up its relationships with wealth managers and financial planners. Earlier this month, CUNA Mutual Retirement Solutions announced a partnership with Envestnet | Yodlee that will help its financial plan-sponsors satisfy regulatory requirements. In October, Envestnet | Yodlee reported that it had “deepened its integration and relationship” with the National Advisors family of companies and in August, Envestnet | Yodlee announced that it would power United Capital’s FlexScore solution. And, yes, that’s the same FlexScore Finovate alum that was acquired by United Capital earlier this year.

Founded in 1999 and headquartered in Redwood City, California, Yodlee was purchased by Envestnet for $660 million in August 2015. The company demoed its Tandem PFM app at FinovateAsia 2013, earning a Best of Show trophy, and was a crowd favorite a year later at the inaugural FinDEVr developers conference in 2014. More recently, at FinovateFall2016, Envestnet | Yodlee’s Katy Gibson (pictured above) and Sam Tomushev demonstrated the company’s dynamic intelligence technology.