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Fintech company Envestnet, Inc., which provides wealth management technology and services to financial advisors, has announced it will acquire Yodlee for approximately $660 million, marking a significant move in the burgeoning personal financial management market.

The transaction will be Envestnet’s eighth acquisition in the last six years and part of a broader effort to scale up in the digital financial management market. The deal will combine the nearly 40,000 advisors in the Envestnet network with Yodlee’s 20 million paid users, according to a release.

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Tina Orem


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