Fidelity® to Offer Envestnet Retirement Solutions’ Integrated Workstation to Retirement Advisors

—Number of Advisory Firms Moving into Retirement Plan Space has
Increased 51 Percent Since 2013; New Workstation to Serve as an
Integrated, Streamlined Solution to Help Advisors Manage and Grow their
Retirement Businesses

BOSTON–(BUSINESS WIRE)–Since 2013, Fidelity has seen a 51 percent increase in the number of
“emerging” retirement advisors ─ advisory firms moving from
accommodating retirement plan requests to growing their retirement plan
businesses.1 As this growth accelerates, so, too, does the
need for solutions to help advisors manage that growth in an efficient
and scalable way. According to new Fidelity research, the No. 1 way in
which technology can help retirement plan advisors is to create
efficiencies in their workloads.2

Fidelity Clearing & Custody, the division of Fidelity that provides
clearing and custody to registered investment advisors, retirement
recordkeepers, broker-dealer firms, banks and insurance companies, today
announced a relationship with Envestnet Retirement Solutions to offer
its new workstation to retirement plan advisors. The desktop workstation
will be accessible via single sign-on through Fidelity’s WealthCentral®
and Streetscape® platforms, providing advisory firms access to
retirement plan data and service providers in one central location.

“The industry has realized the opportunity that retirement plans
present; now, many firms are focused on scale and asking how do we grow
this side of the business efficiently?” said Meg Kelleher, senior vice
president, retirement advisor and recordkeeper segment, Fidelity
Clearing & Custody. “We see this workstation as the first important step
in our open architecture platform which will drive efficiency for
retirement plan advisors.”

While new Fidelity research identified time and resources as top
challenges among advisors offering retirement plan services, the
research also found that they see technology as a means to overcome
these challenges. However, only one-third of retirement advisors admit
that they are leveraging technology to the fullest.3

“This new Envestnet Retirement Solutions workstation will help advisors
more easily put technology to work for their businesses by integrating
into the systems and service providers they are already using,” said
Babu Sivadasan, Group President of Envestnet | Retirement Solutions
(ERS), a majority-owned subsidiary of Envestnet, Inc. (NYSE: ENV). “It
will also serve as a single solution for needs that are often outsourced
or pieced together by firms, including compliance reporting and plan

The Envestnet Retirement Solutions workstation will be available to
Fidelity Clearing & Custody clients beginning Q1 2016.

About Fidelity Investments

Fidelity’s goal is to make financial expertise broadly accessible and
effective in helping people live the lives they want. With assets under
administration of $5.0 trillion, including managed assets of $2.0
trillion as of September 30, 2015, we focus on meeting the unique needs
of a diverse set of customers: helping more than 24 million people
invest their own life savings, nearly 20,000 businesses manage employee
benefit programs, as well as providing nearly 10,000 advisory firms with
technology solutions to invest their own clients’ money. Privately held
for nearly 70 years, Fidelity employs 42,000 associates who are focused
on the long-term success of our customers. For more information about
Fidelity Investments, visit

About Envestnet | Retirement Solutions

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth
management technology and services to investment advisors. Our
open-architecture platforms unify and fortify the wealth management
process, delivering unparalleled flexibility, accuracy, performance and
value. Envestnet solutions enable the transformation of wealth
management into a transparent, independent, objective and fully-aligned
standard of care, and empower advisors to deliver better outcomes.

Envestnet | Retirement Solutions (ERS), a majority-owned subsidiary of
Envestnet, Inc., provides retirement advisors with an integrated
platform that combines one of the industry’s leading practice management
technology, research and due diligence, data aggregation, compliance
tools, and intelligent managed account solutions. ERS leverages
Envestnet’s advanced capabilities and resources, along with its
experience in investment research, portfolio construction and investment
management, to meet the specialized needs of each retirement plan
stakeholder, from plan participants to sponsors, advisors to home
offices and record keepers to DCIOs. For more information on Envestnet |
Retirement Solutions, please visit

The content provided herein is general in nature and is for
informational purposes only. This information is not individualized and
is not intended to serve as the primary or sole basis for your decisions
as there may be other factors you should consider. Fidelity does not
provide advice of any kind.

The third party listed is an independent company and is not affiliated
with Fidelity Investments. Listing them does not suggest a
recommendation or endorsement by Fidelity Investments.

The registered trademarks and service marks appearing herein are the
property of FMR LLC. Third party marks are the property of their
respective owners; all other marks are the property of FMR LLC.

Fidelity Clearing and Custody provides clearing, custody, or other
brokerage services through National Financial Services LLC or Fidelity
Brokerage Services LLC, Members NYSE, SIPC.

200 Seaport Blvd, Boston, MA 02210

Products and services provided through Fidelity Institutional Asset
Management (FIAM) to investment professionals, plan sponsors and
institutional investors by Fidelity Investments Institutional Services
Company, Inc., 500 Salem Street, Smithfield, RI 02917.

© 2015 FMR LLC. All rights reserved. 740153.1.0

1 Among Fidelity Clearing & Custody clients; “emerging”
retirement advisors are defined as having $50M+ in retirement assets or
$20-$50M in retirement assets > 10% TAUM.

2 The 2014 Fidelity® Advisor Insights study, part of
Fidelity’s Insights On Advice program, is the 8th iteration of the
study. This was an online, blind survey (Fidelity not identified)
fielded during the period of September 18th through October 6th, 2014.
Participants included 933 advisors from across multiple firm types who
work primarily with individual investors and manage a minimum of $10M in
individual or household investable assets. Firm types included a mix of
large and small IBDs, regional broker-dealers, RIAs, insurance
companies, wirehouses and banks with findings weighted to reflect
industry composition. Bellomy Research, an independent third-party
research firm not affiliated with Fidelity Investments, conducted the

3 Ibid.


Fidelity Investments
Nicole Abbott, 201-915-7548
Communications, 617-563-5800
| Retirement Solutions
Dana Taormina, 973-850-7305