CHICAGO—October 14, 2016—Envestnet, Inc. (NYSE: ENV) has received four 2016 WealthManagement.com Industry Awards, which recognize companies and organizations that support financial advisor success. James Lumberg, Co-Founder and Executive Vice President of Envestnet, led the team of Envestnet executives who accepted these awards during a ceremony held at the Mandarin Oriental in New York City on September 29, 2016.
“Our teams remain focused on enhancing our platform with innovative and industry leading solutions so that advisors are empowered to deliver better outcomes for clients,” said Jud Bergman, Chairman and CEO of Envestnet. “We are proud to be recognized for our ongoing efforts to help advisors demonstrate more value in client relationships and grow their practices.”
Envestnet won 2016 WealthManagement.com Industry Awards in the following categories:
- • TAMPs: As access to holistic data and mission-critical applications becomes increasingly important to serving clients, Envestnet’s cloud-based wealth management platform has emerged as a standout technology provider for advisors. Envestnet is the largest turnkey asset management platform (TAMP), and the fastest-growing TAMP over the past three years, according to Cerulli Associates. Envestnet provides access to 16,000 investment products and strategies that can help advisors achieve better investment outcomes for clients. Its platform enables advisors to focus on serving clients, while spending less time on the non-core aspects of their practice.
- • Socially Responsible Investing (SRI)/Impacting Investing: Envestnet | PMC created its Impact Investing platform to provide solutions through portfolios that are comprehensive, diversified, and designed for investors with environmental, social, and governance (ESG) priorities and preferences. The platform consists of seven risk-based portfolios constructed by impact managers who consistently beat their benchmarks on a risk-adjusted basis, while fulfilling ESG investment objectives. The portfolios spread risk over multiple, diverse types and classes of managers, including mutual funds, ETFs, index-based mutual funds, and separate account solutions. In addition, PMC provides in-depth analysis on 35 select best-of-breed SRI-focused separately managed accounts (SMAs) and mutual funds using information compiled by its research team in conjunction with Veris Wealth Management. PMC has also teamed up with Sustainalytics to provide screening of over 5,000 stocks that are held in SMA manager portfolios based on their ability to adhere to impact investing criteria. These overlays will be able to exclude those companies from model holdings that do not meet Sustainalytics’ industry leading research standards.
- • Rebalancing: Envestnet | Tamarac’s Advisor Rebalancing® application delivers a range of useful, integrated capabilities to advisors, including advanced model portfolio management, monitoring, rebalancing, trading, and real-time pricing. Advisor Rebalancing’s new features include a new dashboard and home screen that quickly gather and filter key information for advisors, such as saved search results and a tally of accounts and groups (and their assets under management). The application also offers a suite of services that go beyond simple portfolio rebalancing. Users can automate model portfolio construction and management, monitor accounts for trading triggers, and execute trades directly with a broker. Advisor Rebalancing has gained significant traction, with more than 600 independent RIA firms utilizing the application to manage in excess of $350 billion in assets for more than 1 million financial accounts, as of June 30, 2016.
- • 401(k) Retirement Plan Support Services: Envestnet | Retirement Solutions (ERS) launched the ERS Fund Strategist Network in July 2015 to provide independent, unbiased fiduciary oversight and support to retirement plan sponsors, broker-dealers, and advisors. The platform, which includes a roster of institutional-grade and boutique fund strategists, provides retirement plan advisors with access to high-quality unitized fund strategist portfolios which are monitored by ERS.
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to financial enterprises and advisors. Our solutions unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables the transformation of wealth management into a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet’s Advisor Suite enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, personalized financial apps and services for millions of consumers. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors.
More than 2,000 companies, including 15 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.