Fidelity Investments and Envestnet have announced the expansion of their 20-plus year relationship to deliver a comprehensive wealth and advisory solution that builds on the success of Fidelity Managed Account Xchange (FMAX), Fidelity’s wealth management platform, and the firms’ long-standing collaboration that has grown to more than $500 billion across managed accounts.
Envestnet's 2024 Market Intelligence Survey shows that while most advisers currently assemble their technology stacks with point solutions that address a single need (61 percent), an all-in-one technology platform that serves most or all their business needs is by far their preferred choice, versus a tech stack comprising multiple point solutions. Fidelity and Envestnet are combining industry-leading technology and service with proprietary institutional data management and investment solutions to help firms and their advisers embrace this industry shift.
“Investment management will always be the
