back Back

Envestnet expands partnership with Practifi to provide seamless client experience

By Pavithra R

April 14, 2021

  • Envestnet
  • UK

Envestnet expands partnership with Practifi to provide seamless client experienceEnvestnet, transforming the way financial advice and wellness are delivered has announced expanding its partnership with Practifi, the business management platform powering high-performing financial advice firms through solutions in automated workflows and unified data.

“This increased level of collaboration enables us to now make Practifi’s innovative solutions and tools available to advisors throughout the entire Envestnet ecosystem, which includes Envestnet | MoneyGuide. We first partnered with Practifi in 2019, originally rolling out an integration via the Envestnet | Tamarac platform. After seeing the many efficiencies and related opportunities for scale being offered to advisors on our Envestnet | Tamarac platform as a direct result of this partnership, we were eager to bring it one step forward. This full integration widens our net, offering even more advisors these new opportunities to help clients achieve financial wellness,” said Blake Wood, Senior Vice President and Director of Product Strategy at Envestnet.

Under the strengthened alliance, Practifi and Envestnet’s unified advice platform are fully integrated. The integration will offer advisors:

  • Efficiency and Workflow Automation: Advisors can save time adding new Envestnet clients by accessing Practifi’s updated client and member details from Envestnet’s platform.
  • Growth Support: Advisors can also launch new Envestnet proposals from within Practifi and manage them as bespoke services for their firms.

MoneyGuide and Practifi integration benefits for advisors:

  • Simplicity: Advisors can create and update a client’s key household data in MoneyGuide from Practifi. This can mitigate risk by bringing consistency through integration and save time by reducing workflow steps.
  • Centralized Client Data: Advisors can also maintain a comprehensive client view between systems by linking to, and accessing, the MoneyGuide My Plans page showing financial plans directly from the Practifi client record.

“We share a common vision with Envestnet, as our team consistently develops innovations to meet the needs of today’s advisors, family offices, wealth firms, and their clients. One of the many things we agree on is the idea that the future of financial advice relies on data-driven insights, which we are powering today. The intuitive user experiences that we offer were created to empower advisors to grow their practices and deepen their relationships with clients at the same time, making our relationship with Envestnet a perfect fit,” said Adrian Johnstone, Co-Founder and Chief Commercial Officer at Practifi.

Previous Article

April 14, 2021

LuLu Financial appoints former ADGM CEO Richard Teng to its Board

Read More
Next Article

April 14, 2021

Shinhan Bank joins Hedera Governing Council, to fast-track digital transformation

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Hecto Financial eases cross-border transactions with new solution

Read More


Marqeta & AffiniPay team to launch SMB credit card solution

Read More

Today activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023