Envestnet, a leading provider of intelligent systems for wealth management and financial wellness, acquired FolioDynamix for $195M. FolioDynamix is a provider of integrated wealth management technology solutions. The acquisition enables Envestnet to expand their suite of products and services for enterprises and financial advisors.
Seller Business Description:
FolioDynamix provides a cloud-based wealth management technology platform, advisory services, and managed account solutions for registered investment advisors, bankers, broker, dealers, custodians, and wealth service providers. HQ: Secaucus, NJ.
Buyer Business Description:
Envestnet provides financial and wealth management software and services in the U.S. and internationally. HQ: Chicago, IL See Press Release.