Totum Wealth to Showcase Envestnet | Yodlee Integration at Demo Day
By Press Release
LOS ANGELES–(BUSINESS WIRE)–Totum Wealth, a provider of digital client engagement and institutional-quality analytics for financial advisors, has partnered with Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services.
The strategic partnership enables financial advisors to aggregate their client accounts into Totum via the Envestnet | Yodlee Aggregation API. Totum provides advisors with a holistic risk profiling platform that analyzes each client’s unique human capital factors, including geography, career, health, family, financial strength and industry. Through the partnership, clients can securely import held-away accounts using Envestnet | Yodlee FastLink. This will help advisors present a comprehensive view of the client’s detailed holdings to engage clients in the development of the investment strategy.
“Totum Wealth’s distinct approach to risk profiling provides a strong tool for advisors to build responsible portfolio for their clients,” said Jeff Cain, Director of Envestnet | Yodlee Incubator. “By connecting secure, seamless access to all of their financial accounts through Envestnet | Yodlee FastLink, our joint users have the tools needed to develop tailored investment portfolios to help their clients achieve financial success.”
“My client was able to import all of her accounts into Totum,” said Tony Saemai, independent financial advisor at Seacrest. “I showed her the side-by-side comparison, pointed out the risks in her prior allocation and I was able to convert these assets.”
“With the Envestnet | Yodlee integration, the experience of importing a portfolio and illustrating its risk tradeoffs are streamlined for our customers,” said Min Zhang, co-founder and CEO of Totum Wealth. “This is the first milestone in our integration roadmap as we are committed to providing advisors and their clients the best experience and value.”
Totum Wealth began working with Envestnet | Yodlee in November 2015, as part of its FinTech incubator. To showcase the integration, Totum Wealth will present at Demo Day on May 12, 2016 in San Francisco.
About Totum Wealth
Based in Los Angeles, Totum Wealth provides digital client engagement and institutional-quality analytics for financial advisors to better serve their clients. Totum brings risk clarity for advisors with comprehensive risk profiling of human capital factors and interactive portfolio analytics. For more information, visit www.totumwealth.com or follow the company on LinkedIn.
About Envestnet | Yodlee
Envestnet, Inc. (NYSE:ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 1,000 companies, including 12 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help improve the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.
Envestnet | Yodlee is headquartered in Redwood City, CA with global offices in London and Bangalore. For more information, visit www.yodlee.com.
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This article originally published May 11, 2016 on Business Wire