Envestnet Sells Yodlee to Private Equity Buyer
Envestnet today announced that it is selling its open finance and data analytics subsidiary Yodlee to private equity firm STG.
As part of the deal, Yodlee will integrate with STG’s global technology portfolio that includes companies like RSA, Trelix, and SurveyMonkey. Founded in 2022, STG has over $12 billion in assets under management (AUM) as of March 2025.
Built in 1999, Yodlee aggregates financial data and analytics for registered investment advisors (RIAs), fintech companies, asset managers, and banks. Yodlee services 16 of the top 20 banking institutions including American Express and U.S. Bank.
“Yodlee sits at the intersection of trusted data access and intelligent analytics,” said Marc Bala, managing director at STG. “It has built deep integrations across the financial ecosystem and earned the confidence of the world’s leading banks, asset managers, and wealth platforms. We are excited to partner with the team to accelerate their investment in product innovation, customer success, and long-term growth. We welcome Yodlee to the STG family.”
Envestnet first acquired Yodlee in 2015 for $590 million. In a release, the fintech company said it will continue a partnership with the data aggregator to support advisors utilizing the software for their business.
“This transaction is the first step in our value creation plan as a private company and will allow Envestnet to focus more deeply on its core connected wealth management platform, advanced insights and comprehensive solutions,” said Chris Todd, CEO of Envestnet.
The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions. Financial terms were not disclosed.
The sell is the largest strategic move made by Envestnet since it was taken private in a massive $4.5 billion deal by Bain Capital. Envestnet today manages over $6 trillion in assets and oversees nearly 20 million accounts.
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Envestnet Going Private with $4.5 Billion Takeover by Bain
Envestnet Taps Chris Todd as CEO
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
