Envestnet acquires fintech Harvest Savings
Envestnet now owns Harvest s technology, including its automated micro-savings and digital account opening tools.
April 8, 2021 3 MINS
Envestnet announced Thursday the acquisition of fintech Harvest Savings & Wealth Technologies to further build out its digital financial wellness ecosystem by merging customers’ wealth and savings accounts.
The acquisition gives Envestnet ownership of Harvest’s technology, including its automated micro-savings tool and digital account opening. Harvest’s tools are typically provided to banks, credit unions, trust companies and other financial institutions. Terms of the deal were not disclosed.
Harvest’s automated micro-saving technology delivers data to the bank or firm, which can then signal when it’s time to move a customer from savings to the right wealth offering. That’s a major reason the acquisition made sense for Envestnet and its connected financial wellness e
How Covid-19 changed retirement planning
When to claim Social Security is the top question for new retirees.
March 15, 2021 3 MINS
The Covid-19 pandemic has affected many Americans’ concerns and plans for retirement. The pandemic’s impact has been uneven, with some workers enjoying the newfound freedom of working from home, allowing them to extend their careers without the dreaded commute, while others have lost their jobs or decided to take early retirement as a result of health concerns.
“The economic fallout from the pandemic may create substantial uncertainty about financing retirement that could trigger Americans to work longer or rethink retirement altogether,” according to a new report from the National Institute on Retirement Security.