Investors Update: Envestnet (ENV)

 Envestnet (ENV) holds 45.08 million shares outstanding and 43.67 million shares are floated in market. The company revealed recent move of -0.96% to $53.47.  Around 171918 shares traded in most recent trading session compared to an average volume of 297.78K. The stock changed with return 0.13% over last weekly period.

 The monthly performance of stock was observed at 9.91%. ENV’s shares are moving at 2.49% for the quarter and managed a 0.89% return over the course of the past year and is now at 8.70% since this point in 2018. 

Envestnet (NYSE: ENV) and PIEtech® reported that they have come together with Edmond Walters to form Apprise Labs, a new startup focused on building software to address estate planning, lifetime cash flow and client retirement needs. The next generation software will add detailed short-term cash flow and tax information to each firm’s financial planning solutions, Envestnet Logix and MoneyGuide. The new add-ons will allow advisors to collaborate with clients through an interactive and rewarding user interface to plan for their family’s unique legacy needs.

During their on-stage presentation at the T3 Advisor conference tomorrow, Envestnet CEO Jud Bergman, PIEtech co-CEO Bob Curtis and Apprise Labs founder Edmond Walters will unveil that the add-ons will provide advanced, cash flow-based tax and estate planning functionality. Clients using the MoneyGuide platform or the Logix tool will have access to more advanced and interactive estate planning options later in 2019.

Apprise Labs is led by Edmond Walters, the founder and former CEO of eMoney, a premier cash-based financial planning software. As a long-time developer of financial planning tools, Walters recognized a demand for more savvy software that advisors can use to guide their clients through complex decisions related to family finances and the transfer of wealth.

Key imbedded and fully integrated add-on features that will be available to users for each platform include:

  • Estate Planning: Client assets are displayed and broken down in one easy to understand portfolio dashboard.
  • Cash Flow: Advisors can compartmentalize cash flow by strategy or focus area, such as retirement savings, inheritance gifts, or endowment contributions.
  • Content Updates: Up-to-date information and content strategy from credible financial experts.
  • Snapshot: All expenses are tracked and displayed for the advisor to gain a holistic financial planning picture of each client.

Advisors at the T3 Advisor Conference will be the first to see how in-person legacy conversations with clients can be more impactful with new technology developed by Apprise Labs for both Envestnet and MoneyGuide. Additional information about this new solution will be released at the Envestnet Advisor Summit in Austin, Texas from May 1-3, 2019.

 Its quarter to quarter sales remained 15.70% and sales observed at 34.20% over past 5 years. The stock beta value is 1.85. ENV stock changed at -4.83% distance from its 200-day moving average. On a similar note, the stock marked distance of 3.65% from its 50-day moving average and moved 4.50% away from its 20-day moving average. The average volatility for the week and month was at 2.04% and 2.77% respectively. 

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