Envestnet Wealth Management Platform vs Financial Modeling Prep (FMP) comparison

Envestnet Wealth Management Platform focuses on Wealth Management, Portfolio, and Portfolio Accounting / Book of Record while Financial Modeling Prep (FMP) specializes in Screeners, Data APIs, and News. They overlap in 2 categories, so choose based on your preferred workflow and pricing.

Financial Modeling Prep (FMP) offers a free tier that lets you get started without paying, while Envestnet Wealth Management Platform requires a subscription. If budget is a concern, start with Financial Modeling Prep (FMP) and upgrade later if you need more advanced features.

Financial Modeling Prep (FMP) is more beginner-friendly with an approachable interface. Both can work for intermediate users.

Envestnet Wealth Management Platform has a mobile app so you can check your research on the go. Financial Modeling Prep (FMP) is web-only, so you'll need a browser to access it from mobile devices.

Yes, both platforms offer API access for developers and quants who want to build custom integrations or automate their workflows.

Choose Envestnet Wealth Management Platform if you need End‑to‑end wealth management platform that acts as a “plan‑to‑execution” application, giving advisors a single access point from planning and proposal through account opening and ongoing review., and RIA‑focused suite that includes planning, trading, reporting, proposal tools, CRM, client portal and billing in one configurable platform to streamline the full wealth management process.. Go with Financial Modeling Prep (FMP) if Multi‑asset data coverage via a single API: equities, ETFs, mutual funds, indexes, forex, crypto, commodities, macroeconomic indicators, ESG and ownership datasets, organized into Market Data, Fundamental & Company Data, News & Calendar Data, Advanced Data, Ownership and Other Markets., and Real‑time quotes plus intraday (1‑minute, 5‑minute, 30‑minute, 1‑hour) and end‑of‑day historical bars for stocks and other assets; Premium and Ultimate tiers add intraday chart endpoints, technical indicators and up to 30+ years of history, with Ultimate including 1‑minute intraday charting and full historical access. better fits how you invest.

Both cover Stocks, ETFs, Mutual Funds, and Funds. Envestnet Wealth Management Platform also includes Bonds, Real Estate, Hedge Funds, and Private Funds. Financial Modeling Prep (FMP) adds coverage for Currencies, Cryptos, Commodities, and Other.

Financial Modeling Prep (FMP) offers real-time data feeds, which is essential for active traders. Envestnet Wealth Management Platform uses delayed or end-of-day data, which works fine for longer-term investors who don't need up-to-the-second quotes.

Both platforms let you export data to spreadsheets (CSV). This is useful for custom analysis or record-keeping.

Envestnet Wealth Management Platform connects with brokers for portfolio syncing. Financial Modeling Prep (FMP) requires manual portfolio entry or data import.

Financial Modeling Prep (FMP) includes a stock screener for finding investment ideas. Envestnet Wealth Management Platform focuses on other analytical tools.

Envestnet Wealth Management Platform offers portfolio tracking features. Financial Modeling Prep (FMP) is more focused on research and analysis.