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Envestnet acquires Wheelhouse Analytics

EnvestnetInc. acquired Wheelhouse Analytics LLC.

Wheelhouse Analytics is a provider of data analytics, mobilesales solutions, and online education tools to financial advisers, asset managersand enterprises. Frank Coates is the CEO of the company.

Terms of the deal were not disclosed.

Envestnet said it has partnered with Wheelhouse Analyticssince 2014 on several initiatives.

"With Wheelhouse, we will provide the compelling andvaluable analytics solution that the industry is looking for, particularly asthe regulatory environment has shifted with the Department of Labor (DOL)Fiduciary Rule," Envestnet President Bill Crager said in a statement.