Envestnet | Yodlee scores United Capital deal

Source: Envestnet | Yodlee

Envestnet | Yodlee (ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced a strategic partnership with United Capital, one of the fastest-growing and most innovative registered investment advisory (RIA) firms in the nation, to power United Capital's FlexScore solution with Envestnet | Yodlee's industry-leading data aggregation offering.

The strategic partnership between Envestnet | Yodlee and United Capital comes at a transformational time. Earlier this year, United Capital acquired FlexScore, a patented digitized financial planning solution. To power the FlexScore solution and further accelerate business growth, United Capital's need to partner with a data aggregation provider led to the selection of Envestnet | Yodlee as FlexScore's primary account data aggregation solution.

"Envestnet | Yodlee is pleased to be joining forces with United Capital to become its primary account data aggregation partner for the FlexScore solution," said Julie Solomon, Vice President of Financial Institution Solutions, the Americas at Envestnet | Yodlee. "By delivering innovative financial planning solutions and new data-driven insights, our partnership will empower FlexScore users to take control of their financial destiny."

Under this partnership, the fully RESTful Envestnet | Yodlee API with FastLink will enhance the FlexScore user experience by securely linking accounts from financial institutions in a seamless onboarding process and aggregating data to generate a numerical score of an individual's financial health. United Capital will begin offering FlexScore as part of FinLife Partners, a white labeled advice and planning platform that allows independent advisers access to the firm's proprietary Financial Life Management system, in the very near future. Envestnet | Yodlee will serve as the primary data aggregator for these solutions.

"Our business has helped transform the traditional wealth management industry. For us to continue innovating and benefiting customers, we needed a proven data-aggregation partner that could provide the tools our customers need to take control of their financial lives," said Mike Capelle, Head of Platform at United Capital. "Together with Envestnet | Yodlee, we are confident that we can provide consumers with the data they need to make informed decisions regarding their financial health." 

Comments: (0)