Envestnet acquire PIEtech

Envestnet, a provider of intelligent systems for wealth management and financial wellness, acquires PIEtech, a US based creator of the MoneyGuide family of financial planning applications. Financial terms were not disclosed. “We have admired the MoneyGuide offerings for some time, and recently announced our collaborative partnership with Apprise Labs and the PIEtech team. With MoneyGuide’s financial planning applications more deeply integrated into Envestnet’s wealth management solutions, enterprises, advisors and their clients can benefit from a frictionless wealth management technology solution across the application stack, driving higher productivity and better client outcomes.” Jud Bergman, Chairman and CEO of Envestnet MoneyGuide solutions – including MoneyGuideOne, MoneyGuidePro ® and MoneyGuideElite – are integrated with more than 150 wealth management data and technology providers and serve tens of thousands of financial advisors across enterprise, institutional and independent firms.