Envestnet Asset Management provides managed account services for more than 10,000 financial institutions and investment advisers. Used by brokers, banks, insurance companies, registered investment advisers, and certified public accountants, the company's online financial planning programs allow advisers to generate proposals and manage client accounts. The firm also affords access to mutual funds, alternative investments, and financial research, and offers tools that enable investment advisers to build customized portfolios for investors. Founded in 1999, Envestnet has approximately $80 billion of assets under management and administration.