Envestnet acquires B-Ready

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