Envestnet Acquires Harvest Savings & Wealth Technologies

Envest Acquires Majority Stake in Wealth Architects

March 25, 2025

Financial Services

The Envest Group, part of The Ardonagh Group, has acquired a majority stake in Wealth Architects, a fast-growing Australian financial advisory firm. The deal expands Envest's capabilities into financial planning and specialist risk advisory, provides growth capital to Wealth Architects, and follows Wealth Architects' recent purchase of PSC Life to strengthen its life and disability insurance offering.

SS&C Technologies Acquires Innovest Systems

May 18, 2020

Cloud & SaaS

SS&C Technologies Holdings, Inc. completed the acquisition of Innovest Systems, a provider of web-based trust accounting, payments and unique asset servicing technology. The deal adds Innovest's InnoTrust product suite and more than 150 employees across New York, California and Texas, broadening SS&C's wealth management technology and managed-services capabilities.

STG Acquires Yodlee from Envestnet

September 2, 2025

Data & Analytics

STG (Symphony Technology Group) has completed the acquisition of Yodlee, Inc., the open finance data aggregation and analytics business, from Envestnet, Inc.; the deal was announced June 25 and closed on September 2, 2025. STG intends to operate Yodlee as an independent, growth-focused business to accelerate open finance innovation and product development, while Envestnet said the sale sharpens its focus on its core Adaptive WealthTech platform.

Bain Capital Takes Envestnet Private in $4.5B Transaction

July 11, 2024

Financial Services

Bain Capital, with participation from Reverence Capital and Norwest, agreed to acquire Envestnet for $63.15 per share in a transaction valuing the company at approximately $4.5 billion. Strategic partners BlackRock, Fidelity Investments, Franklin Templeton, and State Street Global Advisors committed to minority investments in the private company; the deal is intended to support Envestnet's growth and further investment in its wealth management platform.

J.P. Morgan Acquires OpenInvest

June 29, 2021

Financial Services

J.P. Morgan Asset & Wealth Management agreed to acquire OpenInvest, a fintech specialist in values-based (ESG) investing and impact reporting. OpenInvest will retain its brand and be integrated into J.P. Morgan's Private Bank and Wealth Management offerings; terms were not disclosed and the deal was expected to close in Q3 2021.

Envestnet | Yodlee Acquires Abe AI

January 24, 2019

AI & Machine Learning

Envestnet | Yodlee acquired conversational AI startup Abe AI to integrate Abe's conversational banking and NLP capabilities into Yodlee's financial wellness and retail banking offerings, with plans to extend into Envestnet's wealth management products. The acquisition expands Yodlee's product capabilities by adding natural-language, voice and chat interfaces across major conversational ecosystems.