List of Envestnet Wealth Management Customers
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United States
Since 2010, our global team of researchers has been studying Envestnet Wealth Management customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Envestnet Wealth Management for Asset and Wealth Management from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Envestnet Wealth Management for Asset and Wealth Management include: RBC Wealth Management, a Canada based Banking and Financial Services organisation with 96165 employees and revenues of $40.41 billion, Northern Trust, a United States based Banking and Financial Services organisation with 23000 employees and revenues of $6.77 billion and many others.
Contact us if you need a completed and verified list of companies using Envestnet Wealth Management, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The Envestnet Wealth Management customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Northern Trust | Banking and Financial Services | 23000 | $6.8B | United States | Envestnet | Envestnet Wealth Management | Asset and Wealth Management | 2017 | n/a |
In 2017 Northern Trust implemented Envestnet Wealth Management to centralize Asset and Wealth Management capabilities for advisor-led portfolio management and client reporting workflows. The deployment emphasized a cloud-hosted Software as a Service model for the Envestnet Wealth Management application, aligning vendor-hosted functionality with Northern Trust operational controls.
Implementation architecture integrated Envestnet Wealth Management into Northern Trust data engineering pipelines, ingesting relational extracts via MySQL into HDFS using Sqoop, persisting data in Hive and loading into Spark for downstream processing. Functional capabilities configured included portfolio and client reporting, advisor portal workflows, financial planning feeds, and automated data extracts to support analytics and regulatory reporting.
Data operations and analytics for the Envestnet Wealth Management deployment leveraged existing big data and cloud tooling, including Hive HQL, Spark, Athena, QuickSight SPICE, and Power BI for ad-hoc and scheduled reporting. Integrations explicitly included asset management and distribution data sources such as DST Walletshare and Envestnet feeds, with data wrangling performed using NumPy and Pandas, and machine learning pipelines built on Spark, H2O, PyTorch and TensorFlow to support predictive analytics and model validation.
Governance emphasized data quality checks, automated ingestion validation, model validation workflows and A/B testing to control model rollout and analytics reliability. Data science work supporting the Envestnet Wealth Management data estate included developing predictive models using decision tree, random forest, logistic regression, clustering and neural networks, building and fine-tuning large language models that achieved state-of-the-art benchmark performance, and applying RNNs for NLP tasks that produced a reported 30% improvement in performance metrics.
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RBC Wealth Management | Banking and Financial Services | 96165 | $40.4B | Canada | Envestnet | Envestnet Wealth Management | Asset and Wealth Management | 2021 | n/a |
In 2021, RBC Wealth Management implemented Envestnet Wealth Management as a key data source within its Asset and Wealth Management technology environment to centralize account and financial planning data. The initiative targeted RBC Wealth Management’s advisor and client service operations across its network of more than 2,100 financial advisors in 181 locations in 42 states, with a focus on delivering a unified customer view and streamlined client experiences.
The implementation delivered functional modules including reusable Accounts API, Risk API, and Documents API that underpinned a fully digitized onboarding and account opening workflow. The digitized onboarding replaced paper and mail processes with online account creation, identity verification checkpoints, signature capture, and advisor progress monitoring, all surfaced through a single interface for advisors and clients.
Envestnet Wealth Management was integrated alongside other systems of record and services such as LexisNexis, MoneyGuidePro, Docupase, Fenergo, and Salesforce Financial Service Cloud, using an API-led approach to expose account balances, transactions, and client household data. The architecture combined on-premises and cloud connectivity, enabling data flows from legacy client databases and modern cloud applications into the client service portal and advisor workspace.
Governance centered on an API-first integration strategy implemented on MuleSoft’s Anypoint Platform, with emphasis on full API lifecycle management and reuse of prebuilt connectors and integrations. The program reused APIs across projects to accelerate delivery, reduced redundant integration efforts, and moved beyond a simple API gateway pattern to a composable services architecture that supports rapid assembly of new advisor and client experiences.
Explicit results from the program include creation of a single view of each customer, onboarding times reduced to 24 minutes from a weeks-long manual process, a 50 percent reduction in resources spent on maintenance, and the ability to launch the client service portal and related digital initiatives three times faster by leveraging reusable APIs. Envestnet Wealth Management is restated as a connected financial account system within RBC Wealth Management’s broader Asset and Wealth Management integration fabric.
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