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Envestnet | Yodlee Acquires Truelytics

Jeremi Karnell
May 15, 2022

In keeping with Envestnet's strategy to further connect its ecosystem by creating transformative progress for advisors and their clients, the company announces its acquisition of Truelytics, an Advisor Transition Management platform and the first end-to-end data-driven system to help wealth management and insurance enterprises attract, grow, and retain advisory businesses, while also reducing the costs related to advisor transitions. The Truelytics platform combines Envestnet data, analytics, and wealth technology to further support advisors across the ecosystem. Terms of the deal were not disclosed and not expected to have a material impact on Envestnet's results of operation or financial condition.

HubSpot Video

Watch Envestnet's CEO, Bill Crager, announce Envestnet's acquisition of Truelytics at their 2022 Advisor Conference in Charlotte, NC on Wednesday, May 11th:

Related Links

Press Release: The Intelligent Financial Life™ Takes Center Stage at 2022 Envestnet Advisor Summit

WealthManagement.com: Envestnet Wraps Advisor Summit, Announces Truelytics Deal

Forbes: Envestnet Advisor Summit Highlights “The Intelligent Financial Life"

Wall Street Journal: The Intelligent Financial Life™ Takes Center Stage at 2022 Envestnet Advisor Summit

BankAutomationNews.com: Transactions: Envestnet acquires business intelligence firm Truelytics

ThinkAdvisor.com: Envestnet CEO Opens Summit With New Cloud Tech, Upbeat Vibes

MarketScreener.com: Envestnet, Inc. acquired Truelytics, Inc.

WealthTechToday.com: Connecting the Dots by Acquiring the Right Data with Bill Crager

Austin Business Journal: Envestnet buys Austin startup

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