As we look to the future of Envestnet and think about ways in which we can accelerate our growth and the value we provide our clients, I’m very pleased to share that we recently completed our first global hackathon, ENVathon, which generated some amazing ideas that we’re putting into action. ENVathon is a platform of innovation for Envestnet, and this year’s event culminated in a final competition at our offices in Trivandrum, India on September 29 with some brilliant ideas.

When I kicked off this event back in July, I was confident that the event would produce some good ideas, but the comprehensiveness and range of innovation that ultimately emerged from this competition has far surpassed all our expectations. I would like to congratulate, once again, all the winners and finalists, who put forth such exceptional efforts in building thoughtful solutions that are going to have meaningful impact on our business. I would also like to thank all the 500 participants across 96 teams who participated in this year’s ENVathon and made it such an incredible event. For those teams that did not make it to the finals, we hope to see you back next year with renewed vigor.

I was thrilled to observe that all the ideas presented were well aligned with our financial wellness vision and spanned a wide array of our business areas, including incorporating health care into financial planning, better risk scoring, women-focused wealth solutions, enhancing the user experience, improving operational efficiency, and elevating an advisor’s practice. It was also very encouraging to see how teams leveraged new technologies with considerable ease as they implemented their ideas into working solutions. In summary, we presented a challenge and everyone delivered in a big way.

I would also like to acknowledge the hard work and passion that various committees put forth supporting our ENVathon, from planning to logistics to execution. An event of this caliber could not be possible without a well thought out mission, clear direction and communication, and tremendous support from all levels of our organization.

With ENVathon, I believe we have kicked off a process of continual, incremental innovation that will give us a long-term competitive edge, and I am confident that the talented individuals that we are so fortunate to have within our organisation will carry forward Jud’s legacy of innovative thinking and strategic decision making.

The information, analysis and opinions expressed herein are for informational purposes only and do not necessarily reflect the views of Envestnet. These views reflect the judgement of the author as of the date of writing and are subject to change at any time without notice. Nothing contained in this piece is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type.

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