Market Insights by SEG: Envestnet Acquired FolioDynamix

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. 

Back to blog