Envestnet to buy PIEtech, the developers of MoneyGuidePro, for $500 Million

Envestnet to buy PIEtech, the developers of MoneyGuidePro, for $500 Million

Envestnet, the provider of unified wealth management technology and products to financial advisors and institutions today announced that they are purchasing PIEtech, Inc., the developer of MoneyGuidePro, MoneyGuideOne, and MoneyGuideElite for $500 million in cash and equity. The purchase vaults Envestnet from a fringe player in professional financial planning software to the leading provider of financial planning software to financial planning professionals. It also positions Envestnet well to provide integrated financial wellness solutions to other financial intermediaries, as well as directly to consumers.

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To view (PowerPoint) The Envestnet Purchase of PIEtech by the Numbers, click here.

Joel Bruckenstein
Joel Bruckenstein
Joel P. Bruckenstein, CFP®, is Publisher of the T3 Tech Hub (formerly the T3 newsletter) and the producer of the Technology Tools for Today (T3) Advisor Conference, the only annual technology conference for independent advisors, as well as the Technology Tools for Today (T3) Enterprise Conference. Bruckenstein is an internationally acclaimed expert on applied technology as it relates to the financial service industry. He is the co-author of three books: Virtual Office Tools for a High Margin Practice, Tools and Techniques of Practice Management, and Technology Tools for Today’s High Margin Practice. Joel’s monthly technology columns appear in Financial Advisor magazine and Financial Planning magazine. In addition, he compiles the annual technology survey for Financial Planning magazine. Bruckenstein has for more than twenty years advised financial service firms of all sizes on improving their technologies, processes and workflows. For more information about Joel Bruckenstein and the services his firm offers, please visit www.JoelBruckenstein.com

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