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Key Wealth Expands Strategic Relationship with Envestnet to Drive a Unified Experience for Advisors and Wealth Clients

1. Key Wealth expands partnership with Envestnet for advanced wealth management tools. 2. Advisors will access improved digital client experience and integrated financial planning. 3. New platform enhances personalized investment management and portfolio analytics. 4. Key Wealth aims for holistic client engagement through technology unification. 5. Collaboration positions Key Wealth as innovative in banking and wealth management.

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Why Bullish?

The expanded relationship with Envestnet enhances advisory capabilities, aligning with industry trends. Historical partnerships in fintech have often led to increased client satisfaction and retention, which usually positively influences stock performance.

How important is it?

The article showcases Key Wealth's strategic initiative, fostering client trust and service improvement, significant in financial services. This positions KEY for potential long-term growth as the wealth management industry increasingly focuses on technology-driven solutions.

Why Long Term?

Investment in technology typically yields long-term benefits, improving client retention and acquisition. Examples include firms that prioritized digital solutions, seeing growth over several quarters or years.

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ENVBLKSCHW
, /PRNewswire/ -- Key Wealth, the wealth management business of KeyBank and Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, announced today that they have expanded their multi-year relationship. This collaboration will deliver Key Wealth advisors a comprehensive next-generation wealth management platform, equipping them with cutting-edge tools to help clients navigate increasingly complex financial needs.  Through this enhanced relationship, Key Wealth advisors will gain full access to Envestnet's industry-leading wealth management technology and data-driven solutions, enabling a more personalized and holistic approach to financial planning, investment management, and client engagement. The platform's expanded capabilities will support: Digital Client Experience — A seamless and intuitive interface that enhances collaboration between advisors and clients, offering greater transparency and insights into financial decisions. Integrated Financial Planning — Advanced tools to create tailored strategies that align with clients' short-and long-term financial goals. Portfolio Management & Analytics — Enhanced investment solutions, including risk analysis, tax overlay, and AI-driven insights, designed to help advisors personalize client portfolios and grow their practices. "Expanding our strategic relationship with Envestnet is a significant step in Key's journey to unify the technology platforms across our expanding Wealth business," said Joe Calabrese, Chief Operating Officer at Key Wealth. "By leveraging Envestnet's comprehensive capabilities and platform, we're positioning our advisors in the best way possible to address and solve for the financial needs of their clients, and deliver the most holistic wealth planning experience.""We are thrilled to partner with Key Wealth, empowering their advisors with Envestnet's ecosystem of integrated technology, intelligent data, and wealth solutions that drives efficiency, scale, and full integration and works seamlessly within an advisor's workflow," said Molly Weiss, Group President of Wealth Management Platform at Envestnet. "Key Wealth's commitment to innovation at the intersection of banking and wealth management makes them an exciting partner for us, and we look forward to collaborating on the future of holistic wealth management. By leveraging our modern, integrated platform, Key Wealth advisors will be equipped with the tools they need to deliver personalized experiences and improved client outcomes at scale."For more information about Key Wealth, visit https://www.key.com/kpb/index.html.About Key WealthKey Wealth is the wealth management business of KeyCorp (NYSE:KEY) one of the nation's largest bank-based financial services companies with assets of approximately $61 billion at December 31, 2024. Key Wealth provides financial planning, investment, fiduciary, banking and credit, insurance and business solutions tailored to meet our clients' specific goals and needs. Key Wealth which includes Key Private Bank, Key Family Wealth and Key Institutional Advisors has served our HNW, UHNW and Institutional segments for nearly 200 years.Key Wealth, Key Private Bank, Key Family Wealth, KeyBank Institutional Advisors and Key Private Client are marketing names for KeyBank National Association (KeyBank) and certain affiliates, such as Key Investment Services LLC (KIS) https://www.key.com/kpb/our-approach/kis-disclosures.html) and KeyCorp Insurance Agency USA Inc. (KIA).Non-Deposit products are: NOT FDIC INSURED ● NOT BANK GUARANTEED ● MAY LOSE VALUE ● NOT A DEPOSIT ● NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCYAbout EnvestnetEnvestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions—backed by industry-leading service and support. Serving the wealth management industry for 25 years with more than $6.5 trillion in platform assets—more than 111,000 advisors, 17 of the 20 largest U.S. banks, 48 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs—thousands of companies depend on Envestnet technology and services to help drive business growth and productivity, and better outcomes for their clients. Data as of 9/30/2024. For a deeper dive into how Envestnet is shaping the future of financial advice, visit www.envestnet.com. Stay connected with us for the latest updates and insights on LinkedIn and X (@ENVintel).SOURCE Envestnet WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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