Fidelity and Envestnet Launch Joint Wealth Management Platform

Fidelity Investments and Envestnet announced a comprehensive wealth and advisory offering Thursday that builds on Fidelity’s wealth management platform, the Fidelity Managed Account Xchange (FMAX), and expands the firms’ long-standing collaboration. Over 60% of advisors assemble their technology stacks with solutions that address a single need but would prefer an…