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January 2020

Credit exchange

Envestnet Credit Exchange Adds TD Bank; LightStream, a division of SunTrust; At national scale ; and First Citizens Bank

CHICAGO, Jan.6, 2020 / PRNewswire / – Envestnet today announced that it will provide financial advisors with access to a selection of lenders on its recently launched Envestnet Credit Exchange platform. Together, TD Bank; LightStream, a division of SunTrust; Nationwide (in partnership with Supernova Lending, LLC); and First Citizens Bank will offer advisors on the Envestnet platform a wide range of loans with secured and unsecured financing options, valued at $ 10,000 To $ 25 million or more. Each lender was selected on the basis of its product offering, quality of service and financing expertise.

“We are proud to present financing solutions from a respected group of lenders through Investnet Credit Exchange,” said Bill crager, Interim CEO of Investnet. “We believe that advisors who offer unified advice, a component of which includes credit management, can help their clients achieve financial well-being. We are committed to offering more choice to the companies we work with, as well as their advisors.

The Investnet Credit Exchange, powered by Advisor Credit Exchange (ACE), will be available through sponsor and advisor portals on the Envestnet platform, and actively support loan referrals and consulting firm integration. Additional lenders and wider market expansion are planned for 2020.

“The unique and enduring value of Credit Exchange lies in the fact that we offer multiple lending solutions integrated into the wealth management process on the Envestnet platform, organized with lending partners who offer choice and transparency to the advisor” , said Jean Yackel, head of strategic initiatives at Envestnet. “The breakthrough of Credit Exchange provides data-driven prequalified credit offerings that allow advisors to recommend loans to their clients with exceptional ease and confidence. “

The Credit Exchange generates a wide range of prequalified credit offers through a select network of lenders.

“The key innovation is that the advisor will know, before speaking with a client, what prequalified loan options are available, as well as clearly presented prices and loan terms,” said Pierre Stanton, CEO of Advisor Credit Exchange. “This market information dramatically minimizes the risk of credit downturns and concerns about competitive pricing. The credit market, literally, takes the mystery out of loans for advisors and their clients.”

About Investnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial well-being. Investnet’s unified technology empowers businesses and advisors to better understand their clients and deliver actionable insights that drive better results and improve lives.

Envestnet Wealth Solutions empowers businesses and advisors to better manage client outcomes and strengthen their practices with its state-of-the-art wealth management operating system and advanced portfolio solutions. Envestnet | Tamarac provides portfolio management, reporting, trading, rebalancing and client portal solutions for Registered Investment Advisors (“RIAs”). Envestnet | MoneyGuide provides goal-based financial planning applications. Envestnet Data & Analytics Enables Innovation and Knowledge Through Its Envestnet | Yodlee data aggregation platform.

Over 100,000 advisors and over 4,700 businesses, including: 16 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs, and hundreds of service companies Internet, take advantage of Envestnet technology and services. Envestnet solutions improve knowledge of the customer, accelerate customer onboarding, improve digital customer experiences, and help drive better outcomes for businesses, advisors and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow us on Twitter at @ENVintel.

About Advisor Credit Exchange, LLC

The Advisor Credit Exchange (ACE) is a technology-enabled network that brings together lenders and wealth managers, enabling investment firms and advisers to deliver financing solutions to build their clients’ net worth and achieve their financial goals. By integrating liability management with asset management and protection solutions, ACE has created new opportunities for advisors to help clients achieve financial well-being.

For more information on Advisor Credit Exchange, please visit www.advisorcreditexchange.com.

Envestnet, Inc. has a financial interest and serves on the board of directors of Advisor Credit Exchange (“ACE”). ACE provides lending solutions to advisors and their clients through the Envestnet platform through the subsidiary of Investnet, Envestnet Financial Technologies.

Media contacts
Dana taormina
JConnelly for Envestnet and Advisor Credit Exchange
973.850.7305
[email protected]

SOURCE Envestnet, Inc.

Related links

http://www.envestnet.com



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