Axos Clearing Partners with Envestnet Managed Account Solutions

Axos Clearing, a subsidiary of Axos Financial Inc., is partnering with Envestnet, a provider of integrated technology, data intelligence, and wealth solutions.

The partnership will integrate Envestnet’s managed account solutions into Axos Clearing’s Axos Complete portal, empowering hybrid broker-dealers (BDs) and registered investment advisers (RIAs) to enhance client service and streamline operations.

“Partnering with Envestnet to integrate their managed account technology into our professional workstation allows us to provide our clients with the tools and technology they need to thrive in a fee-based advisory model,” said David Crow, EVP, and head of Axos Clearing. “This is a key step as we continue developing Axos Complete, our comprehensive platform for advisory and operational solutions.”

Envestnet’s managed account technology will enable Axos Clearing clients to streamline portfolio management, automate routine tasks like rebalancing and reporting, and offer a wider range of investment options, helping advisors serve clients more effectively and scale their practices.

“This new partnership further expands the reach of our managed account solutions,” said Molly Weiss, group president of Wealth Management Platform for Envestnet. “Envestnet and Axos Clearing share a commitment to enable advisors to seamlessly meet clients where they are and address the gaps that many firms face due to a lack of comprehensive solutions. This collaboration will empower more advisors to better serve their clients and grow their practices, which is central to our mission.”

As the industry continues to move toward fee-based models and investors increasingly favor advisory relationships, Axos Clearing and Envestnet say their partnership ensures that more financial professionals will have access to an industry leading wealth management platform, helping them manage client relationships more effectively and efficiently.