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Envestnet To Integrate HiddenLevers Application Into Its Platform

CHICAGO, May 2, 2013 /PRNewswire/ --  Envestnet, Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to investment advisors, announced today that it will integrate HiddenLevers' application into its unified wealth management platform. This integration will allow advisors to perform stress testing on client portfolios directly from the Envestnet platform to develop deeper insights into these portfolios which, in turn, will better equip them to acquire new assets and manage client assets better.

(Logo: http://photos.prnewswire.com/prnh/20120504/NY01506LOGO)

"HiddenLevers has developed a unique macro-economic scenario-based portfolio testing methodology that delivers portfolio insight that is easy to use and explain to clients," said Bill Crager, President, Envestnet. "This insight paves the way for advisors to be proactive with client portfolios, enabling better outcomes for the client and the advisor."

HiddenLevers is a financial technology company based in New York, building risk management and macro-economic analysis tools.  The core technology maps the correlations between 130 macro-economic indicators, industries and securities, giving financial professionals news ways to achieve portfolio insight to deal with economic uncertainty.

"We are excited about integrating our application with the industry's leading independent wealth management platform," said Praveen Ghanta, Founder and CEO of HiddenLevers. "We believe that our unique approach to portfolio stress testing augments Envestnet's investment process and is well aligned with their mission of broadly empowering the wealth management process and enabling advisors to achieve the highest standards in portfolio and practice management."

The integrated solution will be available from Envestnet in June 2013.

ABOUT ENVESTNET (NYSE: ENV)Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and simplify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, objective, independent and fully-aligned standard of care, and empower advisors to deliver better results.

Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software.

Stock quotes in this article: ENV 

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