First Citizens Wealth Management Selects Envestnet for Integrated Intelligent Platform
July 20 2017 - 8:12AM
First Citizens Wealth Management, part of Raleigh-based First
Citizens Bank, today announced that it has implemented an industry
leading integrated platform by Envestnet, providing a more unified
experience for financial advisors and enhanced client service.
Envestnet’s platform provides First Citizens financial advisors,
across all Wealth Management business lines, comprehensive access
to powerful technologies and services enabling them to deliver
client investment strategy and offerings from multiple proprietary
and third-party strategies.
“Leveraging Envestnet’s smart systems means our financial
advisors can devote more time to better serving our clients,” said
Michael Wilson, First Citizens Wealth Management Executive. “This
new partnership is an important step toward creating a more
integrated, enhanced experience for our clients as we help them
grow, manage and preserve their wealth.”
Envestnet platform capabilities encompass proposal generation
risk profiling, account onboarding, portfolio management,
administrative workflow, client reporting and billing, compliance,
and business management oversight tools.
“There is a rapid evolution occurring within the bank wealth
management space. These institutions are seeking state of the art
digital tools and fiduciary services for their employees and
clients that sit across all lines of business,” said John Yackel,
Executive Managing Director, head of Institutional Business
Development at Envestnet. “Our unique One Wealth offering enables
First Citizens Wealth Management to integrate tools across
their multiple business lines and multiple custodians into an
integrated smart system that unifies their wealth management
experience and gives them the opportunity to better focus on
building and fostering strong client relationships.”
About First Citizens Wealth ManagementFirst
Citizens Wealth Management is a joint marketing mark of
First-Citizens Bank & Trust Company ("First Citizens Bank"),
Member FDIC; First Citizens Investor Services, Inc., Member
FINRA/SIPC, an SEC-registered broker-dealer and investment advisor;
and First Citizens Asset Management, Inc., an SEC-registered
investment advisor.
Founded in 1898 and headquartered in Raleigh, N.C., First
Citizens Bank serves customers at more than 500 branches in 22
states. First Citizens Bank is a major subsidiary of First Citizens
BancShares Inc. (Nasdaq:FCNCA), which has $34 billion in assets.
For information, call toll free 1.888.FC DIRECT (1.888.323.4732) or
visit firstcitizens.com. First Citizens Bank. Forever First®.
Investments in securities, annuities and insurance are not
insured by the FDIC or any federal government agency; may lose
value; are not a deposit or other obligation of, or guaranteed by,
any bank or bank affiliate; and are subject to investment risks,
including possible loss of the principal amount invested. Brokerage
and some investment advisory services are offered through First
Citizens Investor Services, Inc. Member FINRA/SIPC. First Citizens
Asset Management, Inc. provides investment advisory services.
About EnvestnetEnvestnet, Inc. (NYSE:ENV) is
the leading provider of intelligent systems for wealth management
and financial wellness. Envestnet’s unified technology enhances
advisor productivity and strengthens the wealth management process.
Envestnet empowers enterprises and advisors to more fully
understand their clients and deliver better outcomes.
Envestnet enables financial advisors to better manage client
outcomes and strengthen their practices. Institutional-quality
research and advanced portfolio solutions are provided through
Envestnet | PMC, our Portfolio Management Consultants group.
Envestnet | Yodlee is a leading data aggregation and data analytics
platform powering dynamic, cloud-based innovation for digital
financial services. Envestnet | Tamarac provides leading
rebalancing, reporting, and practice management software for
advisors. Envestnet | Retirement Solutions provides an integrated
platform that combines leading practice management technology,
research, data aggregation and fiduciary managed account
solutions.
More than 54,000 advisors and 2,500 companies including: 16 of
the 20 largest U.S. banks, 38 of the 50 largest wealth management
and brokerage firms, over 500 of the largest Registered Investment
Advisers, and hundreds of Internet services companies, leverage
Envestnet technology and services. Envestnet solutions enhance
knowledge of the client, accelerate client on-boarding, improve
client digital experiences and help drive better outcomes for
enterprises, advisors and their clients.
For more information on Envestnet, please visit
www.envestnet.com and follow @ENVintel.
Contact: Barbara Thompson
First Citizens Bank
919.716.2716
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