Envestnet Asset Management India, a fully-owned subsidiary of Chicago-based Envestnet, has opened a new facility in Thiruvananthapuram city of Kerala, India.

Located in the Technopark campus in Trivandrum, the new facility can accommodate 450 employees.

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Commenting on the opening of the new facility, Envestnet CEO and chairman Jud Bergman said the secure facility demonstrates their strong commitment to their employees and customers.

Envestnet India operations executive vice president Babu Sivadasan said, "This office is a dream come true for our colleagues. It is exciting to have this great facility in the heart of the city, closer to our employees and their families."

Founded in 1999, the company provides integrated portfolio, practice management and reporting solutions to financial advisors and institutions.

The open architecture platform of Envestnet offers a broad range of institutional quality research, investment products and advisory resources.

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