Envestnet Partners With Military Families' Specialist

Editorial Staff

17 October 2023

Envestnet, the US-based wealth management systems business, is partnering with a firm that works with military personnel and their families. It’s an example of how the worlds of wealth management and the armed forces can intersect.

The firm is First Command Financial Services. It will give its users access to Envestnet’s integrated financial ecosystem including its enhanced reporting and portfolio management capabilities, CRM integration, personalization including tax overlay optimization, financial planning tools through Envestnet | MoneyGuide, and data aggregation through Envestnet | Yodlee.

“The ability to view a military family’s complete financial picture in one place makes it easier for advisors to address their needs at every point in their financial journey,” First Command’s national director of advisor operations, John Osarczuk, said.

The advisors at First Command will get the services they need to offer personalized Unified Managed Account programs for their clients.

"We’re seeing more and more organizations looking to consolidate and streamline both the technology and solutions their advisors utilize to provide a unified client experience,” Tom Sipp, executive vice president, Envestnet Business Lines, said.

First Command, which is based in Fort Worth, Texas, offers financial plans for active military service members and their families via more than 170 offices around the world, many of which are located near US military installations.

In the past, this news service has written about the trend of former military personnel making a living in the wealth sector. Serving personnel also have specific financial needs.