BERWYN, PA — Envestnet and Osaic have expanded their long-running partnership as wealth management firms increasingly invest in integrated technology platforms designed to help financial advisors manage larger client bases, streamline operations, and serve high-net-worth investors more efficiently.
Under the expanded relationship, Osaic advisors will continue to use Envestnet’s technology infrastructure as the foundation of Osaic’s Wealth Management Platform, which supports portfolio management, managed account programs, and advisor workflow tools.
As of March 31, Envestnet supported more than 733,000 Osaic advisor accounts, according to the companies.
The partnership comes amid broader consolidation and platform adoption across the wealth management industry, where firms are seeking to improve advisor productivity while accommodating growing demand for unified managed accounts, separately managed accounts, and outsourced portfolio solutions.
Osaic reported that assets on its Wealth Management Platform increased 20% between 2024 and 2025, reflecting continued growth in advisor adoption and client assets.
The companies said the expanded collaboration includes closer coordination between their consulting and business development teams, with a focus on helping advisors transition assets onto centralized platforms and increase operational efficiency.
Chris Todd, chief executive officer of Envestnet, said the partnership is designed to simplify advisor operations and support business growth.
“The asset streamlining and advisor scalability our ecosystem delivers is aligned with our business objectives,” Todd said.
A significant portion of the initiative is focused on serving affluent and high-net-worth clients. Envestnet said adoption of its Private Wealth solutions among Osaic-affiliated advisors has increased approximately 60% during the past two years.
The platform provides access to more than 5,000 approved investment strategies spanning separately managed accounts, alternative investments, and other portfolio solutions, according to the company.
Greg Cornick, executive vice president of wealth management solutions at Osaic, said the technology platform helps advisors consolidate assets and devote more time to client relationships.
The expanded relationship reflects an ongoing shift within the wealth management industry toward centralized technology ecosystems that combine portfolio management, investment research, compliance oversight, and advisor workflow tools into a single operating environment.
Financial terms of the agreement were not disclosed.
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