December 2, 2011

Dynasty and Envestnet to Leverage Institutional Research in New Wealth Management Platform

Unique collaboration will enable the delivery of game-changing tools to high-end independent advisors NEW YORK–(BUSINESS WIRE)–Two well-known names in the wealth management industry—Dynasty Financial Partners and Envestnet—have joined forces to build a robust wealth management platform geared specifically toward investment advisors with large and sophisticated clients. The innovative platform integrates the industry leading proprietary research of Dynasty’s strategic partner Callan Associates with Envestnet’s state-of-the-art tools and technology. The new platform is expected to become available exclusively to advisor teams in Dynasty’s network in early 2012.

In addition to integrating research and investment manager due diligence into Envestnet’s sophisticated wealth management solution, the platform will incorporate an economic-scenario asset allocation model that is specifically tuned to the needs of investors with substantial assets. From their desktops, Dynasty advisors can use the platform to generate detailed, institutional-grade proposals tailored to each client’s situation and objectives.

“A key point of differentiation of the Dynasty/Envestnet platform is our ability to integrate independent manager research and top-notch investment thinking from Callan Associates,” says Ed Swenson, COO of Dynasty Financial Partners. “Callan’s proprietary research will underlie the manager selection and asset allocation modules, and will ultimately allow investment professionals to give better, more informed and more objective advice to their clients.”

For Callan’s Eric Davison, executive vice president and head of the firm’s Independent Adviser Group, the decision to contribute to an integrated wealth management platform was made easier by the professionals—and clients—who will be using it.

“Advisors who are part of Dynasty’s network and will be utilizing this platform are at the very top of the wealth-management pyramid. They are independent, disciplined and professional in their approach to investing—adhering to best practices and fiduciary standards in a similar manner as institutional investors,” said Davison.

“Our ongoing commitment is to empower advisors with industry-leading products, technology and services,” says Bill Crager, President of Envestnet. “We are excited to enhance our platform to meet the needs of the elite wealth advisors in Dynasty’s network.”

Dynasty Chairman Todd Thomson sees this alliance as indicative of a secular trend toward independence in wealth management. “Today, state-of-the-art lies in what nimble, smart, independent firms can achieve. We think this initiative is a great example of best-in-class capability in the new industry landscape.

About Dynasty Financial Partners
Dynasty Financial Partners evaluates, sources and integrates the finest capabilities for the industry’s leading investment advisor teams — without the limitations and conflicts that exist within wirehouses and banks. Dynasty offers a comprehensive open-architecture platform of the finest wealth management solutions and technology to help independent advisors best protect and grow their clients’ wealth. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to providing solutions that allow investment advisors to act as true fiduciaries to their clients. For more information, please visit

About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of wealth management software and services to financial advisors. Envestnet’s Advisor Suite software empowers advisors to better manage client outcomes and strengthen their practice. Envestnet offers advanced portfolio solutions through its Portfolio Management Consultants group (“PMC”). Envestnet Reporting Solutions also gives advisors an in-depth view of clients’ various investments, empowering them to give holistic, personalized advice. Envestnet is headquartered in Chicago with offices in Boston, Denver, New York, Sunnyvale, and Trivandrum, India. The firm has over $127 billion in total assets served and more than 909,000 investor accounts.* For more information on Envestnet, Inc. please visit

* Data includes assets under management or administration and licensing agreements as of 9/30/2011.

About Callan Associates
Founded in 1973, Callan Associates is one of the largest independently-owned investment consulting firms in the country. Headquartered in San Francisco, Calif., the firm provides research, education, decision support and advice to a broad array of institutional investors through four distinct lines of business: Fund Sponsor Consulting, Independent Adviser Group, Institutional Consulting Group, and the Trust Advisory Group. Callan employs more than 155 people and maintains four regional offices located in Denver, Chicago, Atlanta and Florham Park, NJ. For more information, visit

Dynasty Financial Partners:
Gerard Carney, 212-453-2000


Press Contact for Envestnet:
Jami Schlicher, 973-850-7309


Press Contact for Callan Associates:
Nancy Malinowski, 415-274-3011