CHICAGO, July 8, 2021 / PRNewswire / – Envestnet, Inc. (NYSE: ENV) Announces Sterling Trustees has joined Trucendent-powered Envestnet Trust Services Exchange to provide its suite of South Dakota trust administration services as an integrated offering to registered investment advisers (RIAs) and brokers.

Envestnet Trust Services Exchange is the only advisor-centric solution that supports the entire wealth transfer process through the use of trust accounts. The Exchange integrates advice creation, documentation, goal setting, account implementation, and fiduciary services into a single platform, while leveraging a powerful network of third party estate planning lawyers. Envestnet launched the Exchange in partnership with Trucendent (https://www.trucendent.com/), a provider of wealth transfer planning solutions designed to help advisors cultivate and develop relationships with the next generation.

South Dakota offers numerous favorable tax and trust laws, and easy access to an independent trustee specializing in South Dakota trusts is essential to enable advisors and brokers to reap these benefits for clients, ”said Jean Scarpato, president and co-founder of Trucendent. “The broadening of the selection of independent corporate trustees on Envestnet Trust Services Exchange gives advisors more tools and expertise to plan wealth transfer for clients and foster relationships with children and grandchildren of their customers during the process. ”

Sioux Falls, South DakotaSterling Trustees acts as an independent corporate trustee for high net worth families around the world. South Dakota allows trust assets to grow without state income and capital gains taxes and allows trusts of unlimited duration, providing beneficiaries with continued protection against creditors and ex-spouses in perpetuity. Under South Dakota the law, family members and their professional advisers can also perform traditional trustee roles through managed or delegated trusts. Sterling Trustees is an impartial partner helping lawyers and advisers create, transfer and manage South Dakota trusts. For more information on the Sterling Trustees offering for investment advisers, please visit https://sterlingtrustees.com/services/investment-advisors/.

“Our mission is to help advisors maintain control over client assets through the use of trusts as they pass to children and grandchildren,” said Antoine Joffe, Chairman of Sterling Trustees. “Our representation on the Investnet Trust Services Exchange enables more advisors to ensure that clients’ family legacies continue as planned under their watchful eyes and increase the likelihood of managing these growing assets for the next generation.”

In addition, Envestnet Trust Services Exchange has been integrated with Envestnet | MoneyGuide, Envestnet | Tamarac and other offerings from the Envestnet ecosystem. This integration allows advisors to seamlessly integrate trust account management capabilities into the platforms and workflows that currently govern their practices.

“We continue to develop and improve our financial wellness network so that advisors can seamlessly create The Smart Financial Life for clients and their families, ”said André Stavaridis, Executive Group Leader, Solution Distribution at Envestnet. “The presence of advisor-friendly trust companies on the Envestnet Trust Services Exchange gives advisors the power to broaden the definition of the advice they can provide and to take the initiative to easily manage the transfer of assets from clients to clients. future generations. ”

About Investnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial and wellness advice is delivered. Our mission is to empower financial advisers and service providers with innovative technologies, solutions and information to make financial wellness a reality for all. More than 106,000 advisors in more than 5,200 companies, including 17 of the 20 largest US banks, 47 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs and hundreds of FinTech companies , take advantage of the Envestnet platform to develop their activities and customer relationships.

For more information, visit www.envestnet.com, subscribe to our blog and follow us on Twitter (@ENVintel) and LinkedIn.

About Trucendent
Trucendent offers a suite of estate planning and trust transfer solutions designed to help advisors connect with the next generation. The company’s offering enables a transparent wealth transfer process that incorporates crucial family information. Trucendent has created a powerful network of leading estate planning attorneys as well as leading advisor-friendly corporate trustees for efficient service of all types of trust accounts.

In addition to allowing advisors to take advantage of the unique features of a trust account to achieve their clients’ goals, Trucendent engages all parties involved in the wealth transfer process (advisers, lawyers, family members and trustees). ) through a cohesive and collaborative platform that provides a unified and cohesive experience. To learn more about Trucendent, please visit www.trucendent.com.

About the Sterling Trustees
Sterling Trustees is an independent South Dakota chartered trust company providing trust and administration services to high net worth families in United States and in more than 25 countries internationally. By eliminating all conflicts of interest, Sterling provides user-friendly fiduciary services to advisors. Sterling will act as a delegated or directed Trustee and will not provide any investment management services. The Company is based in Sioux Falls, South Dakota.

For more information, please visit www.sterlingtrustees.com or call 605.593.8950.

This version refers to information products or services which may be under development and which are not yet available. Accordingly, nothing in this release should be construed as a representation or legal agreement by Envestnet to make available specific products or services (including, without limitation, concepts, systems or techniques).

Neither Envestnet nor its representatives provide tax, accounting or legal advice. The tax statements contained herein are not intended or written to be used, and may not be used, for the purpose of avoiding United States federal, state, or local tax penalties. Taxpayers should always seek advice based on their particular situation from an independent tax advisor.

Media contact:

Dana taormina
JConnelly for Envestnet & Trucendent
973.647.4626
[email protected]

SOURCE Envestnet, Inc.



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