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Envestnet details $30 million plan for tech ecosystem

hand touching digital tablet, social media concept

Envestnet CEO Bill Crager outlined how the firm is using additional operating expenses toward the financial wellness ecosystem’s development.

After posting an 11% increase in revenue year-over-year during the first quarter, Envestnet executives detailed plans around the firm’s $30 million investment in its digital “financial wellness ecosystem” to generate future revenues.

In the company’s first-quarter earnings call on May 6,

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