Envestnet (ENV) rated Buy with price target $15 by Stifel Nicolaus
Envestnet (ENV) rated Buy
with price target $15 by Stifel Nicolaus.
is a provider of wealth management solutions to financial advisors and institutions. Through its wealth management offerings, including Envestnet Advisor Suite and Envestnet PMC, it delivers a Web-based gateway to expert, objective, integrated wealth management solutions. Its centrally-hosted technology platform provides financial advisors with a range of investment solutions, services, investment managers and custodians to identify those that are appropriate for their clients. Its technology platform provides financial advisors with a series of integrated services, including risk assessment and selection of investment strategies, asset allocation models, research and due diligence, portfolio construction, proposal generation and paperwork preparation, model management and account rebalancing, account monitoring, customized fee billing, overlay services covering asset allocation, and tax management. In December 2011, it acquired FundQuest Inc.
research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus
believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.