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Envestnet, Inc. : Spire Investment Partners Chooses Envestnet as its Wealth Management Technology Provider

03/28/2012 | 04:35pm US/Eastern

Integrated Technology and Service Solution Provides Expanding Advisory Firm with the Tools and Service to Drive Business Growth

Envestnet Inc. (NYSE: ENV), a leading provider of innovative investment and practice management solutions for financial advisors, has announced that Spire Investment Partners, LLC. ("Spire"), the parent company of the nationally recognized Registered Investment Advisor, Spire Wealth Management, LLC and a FINRA member firm, Spire Securities, LLC, with $1.4 billion assets under management, has selected Envestnet's integrated wealth management solution as a comprehensive and scalable platform for its advisors to better serve their clients.

Envestnet's end-to-end platform is tailored and customized for financial institutions and independent advisors to deliver client solutions at all asset levels. It combines powerful analytic tools, dynamic reporting utilities and other practice management applications to give advisors a scalable, streamlined and integrated solution to best manage their client outcomes and strengthen their practices.

"Spire's growth has been driven by attracting advisors who are seeking the ideal balance between independence and maintaining the level of technological sophistication they enjoyed while working for larger firms and wirehouses," said Sean Mullen, Senior Vice President and Director of Advisory Sales and Service, Envestnet. "Envestnet's wealth management platform provides their advisors with an end-to-end solution that meets their unique demands."

Spire provides advisors with the flexibility to choose whatever business model or corporate entity they prefer. Advisors also have the ability to select a variety of fee structures.

"Spire's investment in our advisors is rooted in providing them with all of the tools, research and technology to make the best investment decisions for their clients, without having to spend valuable time on back office and administrative functions," said David Blisk, Chief Executive Officer of Spire. "Envestnet's platform provides us with a robust technology infrastructure to deliver on this commitment."

For more information about Envestnet, please contact Jami Schlicher at 973-850-7309 or jschlicher@jcprinc.com.

ABOUT ENVESTNET (NYSE: ENV)

Envestnet, Inc. (NYSE: ENV) is a leading independent provider of integrated wealth management software and services to financial advisors. Envestnet AdvisorSuite® software empowers advisors to better manage client outcomes and strengthen their practice. Envestnet also offers advanced portfolio solutions through its Portfolio Management Consultants group, Envestnet|PMC®. Envestnet|Vantage™ gives advisors an in-depth view of clients' various investments, empowering them to give holistic, personalized advice.

Envestnet is headquartered in Chicago with offices in Boston, Denver, New York, Sunnyvale, and Trivandrum, India. For more information on Envestnet, please go to www.envestnet.com or call our toll-free number: (855) 769-0806.

ABOUT SPIRE INVESTMENT PARTNERS, LLC.

Spire Investment Partners, LLC., a hybrid firm, is the parent of both a SEC RIA and a FINRA member BD. Spire Investment Partners offers clearing and custody access to the 5 major custodial platforms. Spire Investment Partners is one of the most flexible RIA/BD combinations in the country. Spire is built to leverage its open architecture and advanced technology in building successful practices.

Spire Investment Partners is headquartered in McLean, Virginia with advisors servicing clients across the country. For more information on Spire Investment Partners, LLC., please go to www.joinspire.com or call our toll free number: (800) 737-8907

Spire Wealth Management, LLC. is a Federally Registered Investment Advisory Firm. Securities offered through an affiliate, Spire Securities, LLC. Member FINRA / SIPC.

JCPR
Jami Schlicher, 973-850-7309
jschlicher@jcprinc.com


© Business Wire 2012
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