Envestnet (NYSE:ENV), a provider of intelligent systems for wealth management and financial wellness, is to acquire PIEtech, creator of the MoneyGuide family of financial planning applications, a goals-based product used by financial advisors.
“Financial planning is a key component of our vision for enabling Financial Wellness,” says Jud Bergman, Chairman and CEO of Envestnet. “We have admired the MoneyGuide offerings for some time, and recently announced our collaborative partnership with Apprise Labs and the PIEtech team. With MoneyGuide’s financial planning applications more deeply integrated into Envestnet’s wealth management solutions, enterprises, advisors and their clients can benefit from a frictionless wealth management technology solution across the application stack, driving higher productivity and better client outcomes.”
Headquartered in Powhatan, VA, PIEtech is focused on helping individuals control their financial future and security by planning for it. MoneyGuide solutions – including MoneyGuideOne, MoneyGuidePro ® and MoneyGuideElite – are integrated with more than 150 wealth management data and technology providers, and serve tens of thousands of financial advisors across enterprise, institutional and independent firms. Nearly two million financial plans have been created using MoneyGuide solutions in the past 12 months.
“We founded PIEtech in 1997 to empower financial advisors to use financial planning to efficiently motivate their clients to create, implement and maintain financial plans that best meet their lifetime financial goals,” says Bob Curtis, founder and co-CEO of PIEtech. “Now a leader in financial planning, the PIEtech team is excited to join forces with Envestnet, who will be a great partner for our customers. We are believers in Envestnet’s vision for enabling financial wellness, and look forward to engaging with our customers with an increasingly broad set of solutions to provide lasting value to financial advisors and their clients.”
