Envestnet acquires B-Ready
Turnkey technology and wealth management provider Envestnet announced this week that they had acquired B-Ready Outsourcing Solutions.
Turnkey technology and wealth management provider Envestnet announced this week that they had acquired B-Ready Outsourcing Solutions.
Headquartered in Chicago Envestnet has offices around the U.S. including Boston, Denver, New York, Silicon Valley as well as Trivandrum, India. The company now has more than $94 billion in total assets served and more than 685,000 investor accounts.
Envestnet filed for an initial public offering of stock worth up to $100 million in late March.
B-Ready provides back-office data management and reporting services for to PortfolioCenter users and is based in Charlotte, NC.
This acquisition gives Envestnet and its advisers additional reporting capabilities.
“B-Ready has a 10-year history of working with RIAs and their reporting needs. With Envestnet, our outsourced reporting clients now have a gateway to fully integrated technology to perform wealth management, planning, reporting and billing activities on a single platform,” said Linda Bready, Senior Vice President of Envestnet and former President of B-Ready.
For more information visit Envestnet’s Reporting Solutions page.
Related stories:
Envestnet files for $100M IPO
FundQuest hooks up with Envestnet in IT deal
New turnkey tax management overlay announced by Envestnet
Envestnet adviser platform adds retirement planning tools
Learn more about reprints and licensing for this article.