This partnership brings together Envestnet’s investment solutions with Stellar's philanthropic management solutions, states James Lumberg, Envestnet’s Co-Founder and Managing Director.
Stroudsburg, PA (PRWEB) September 05, 2012
Stellar Technology Solutions LLC (http://www.stellartechsol.com), a leading provider of web-based enterprise solutions for philanthropic operations and fund management, today announced a strategic partnership with Envestnet (http://www.envestnet.com), a leading provider of technology-enabled investment management, administration and performance reporting solutions to investment advisors. The partnership extends Stellar’s philanthropic enterprise management system to include a variety of Envestnet’s premier investment management solutions.
Founded in 1999, Stellar’s iPhi CoreEnterprise® and iPhi Participant Accounting Operations Platform® administer more than $14 billion in assets for some of the largest and most well-respected Community Foundations, Religious Endowment Philanthropies, Commercially Sponsored Donor Advised Funds, and Planned Giving/Endowment Programs in the nation.
Envestnet’s integration with Stellar Technology enables charitable organizations to have their investment data updated seamlessly within the iPhi CoreEnterprise® system without the need for staff to do manual data entry. Envestnet, with more than $300 billion in assets served on its integrated wealth management platforms (as of June 30, 2012), has the technology tools, business expertise, and non-profit experience to enhance the Stellar solution. Envestnet’s services are optional to Stellar clients and do not require a change of investment advisor and/or money managers.
“This partnership brings together Envestnet’s industry-leading investment management, administration, and performance reporting solutions with a leading provider of integrated enterprise-level philanthropic management solutions,” explains James Lumberg, Envestnet’s Co-Founder and Managing Director. “Our investment services extend the Stellar solution by offering endowments and foundations the option of fully integrating all aspects of their business, thereby achieving cost savings and operational efficiencies.”
“Stellar’s iPhi CoreEnterprise®, iPhi DonorView®, iPhi GranteeView® (scholars and grantees), iPhi Board/CommitteeView® and iPhi Investment PartnerView® already provide charitable organizations with a single end-to-end infrastructure,” said Bryan Mileger, Stellar’s President & CEO.
”Our partnership with Envestnet extends the iPhi capability to include additional investment services such as real-time reports, online performance information/transparency, and the daily valuation of investment portfolios without the need for manual data entry,” adds Mr. Mileger. “We are pleased to bring Envestnet’s world class investment and administration services to our clients.”
About Stellar Technology Solutions LLC http://www.stellartechsol.com
Stellar Technology Solutions, LLC is a leading provider of integrated enterprise level philanthropic management software for charitable organizations and for financial institutions providing services to nonprofit organizations. Stellar’s iPhi CoreEnterprise® and iPhi Participant Accounting Operations Platform® administer over $14 billion in assets for some of the largest and most well-respected Community Foundations, Religious Endowment Philanthropies, Commercially Sponsored Donor Advised Funds, and Planned Giving/Endowment Programs in the nation.
About Envestnet, Inc. http://www.envestnet.com
Envestnet, Inc. (NYSE: ENV) is a leading provider of technology-enabled wealth management solutions to investment 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, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software. Envestnet | Prima provides institutional-quality research and due diligence on investment and fund managers. Envestnet | Vantage™ gives advisors an in-depth view of clients' investments, empowering them to give holistic, personalized advice.