Envestnet boosts expenses to build new financial ecosystem
Envestnet plans to ramp up investments into a digital financial wellness ecosystem that connects multiple aspects of a user's financial journey.
After posting an 11% increase in revenue for year-end 2020, Envestnet revealed it added $30 million to its operating expenses this year partly dedicated to building a digital “financial wellness ecosystem,” according to the company’s fourth quarter earnings released Thursday.
Envestne
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