CHICAGO, June 25, 2020 -- Envestnet, Inc. (NYSE: ENV) and Investment Advisor magazine announced the winners of the 2020 Asset Manager and Strategist of the Year Awards during the digital presentation of the Envestnet Advisor Summit On-Demand (https://envadvisorsummit.com/).
Now in their 16th year, the Asset Manager and Strategist of the Year Awards recognize high-conviction portfolio managers that embody investment management best practices. In addition to the winners in the seven categories, T. Rowe Price Investment Management was chosen from among the honorees as the overall Manager of the Year, a special award honoring firms that symbolize excellence in investment management. All award recipients will be featured in the July 2020 issue of Investment Advisor.
As in previous years, the winners in each category were selected from thousands of portfolio managers using the systematic, proprietary, and multi-factor methodology developed by Envestnet's Portfolio Management Consultants group, Envestnet | PMC (https://www.investpmc.com). The extensive qualitative and quantitative criteria taken into consideration include firm profile, performance, tax efficiency, investment process and style, composite, and customer service.
"Giving advisors a clear idea of what to look for when evaluating active managers is key to helping them improve outcomes for their clients," said Tim Clift, Chief Investment Strategist of Envestnet | PMC. "In partnership with Investment Advisor, we are providing industry intelligence that empowers advisors to identify top-performing managers whose strategies can potentially bring their clients closer to achieving overall financial wellness."
To be eligible for an Asset Manager and Strategist of the Year Award, managers must have at least $200 million in assets under management and three years of experience. Managers' strategies must also be broadly available on the Envestnet platform, and open to new investors.
"We congratulate the winners of this year's Asset Manager and Strategist of the Year Awards for outstanding performance and commitment to investors," said Janet Levaux, Editor-in-Chief of Investment Advisor. "They serve as role models for others in the investment management industry, and we are proud to work with Envestnet to recognize them for the best practices they consistently exemplify."
In addition, Envestnet announced the winners of the fourth annual Essential Advisor™ Awards during the Advisor Summit On-Demand. These awards recognize four advisors who embody the values outlined in The Essential Advisor (https://www.envestnet.com/essentialadvisor).
This year's Essential Advisor™ Award winners are:
- Garret S. Wong, ChFC®, Financial Advisor, Ameriprise—Anchorage, Alaska
- Emmy Mastel and Jeff Benson, Financial Planners, Prudential Advisors—St. Louis Park, Minn.
- Martin James, CPA/PFS, President, Martin James, CPA, PC and Managing Member, Martin James Investment & Tax Management, LLC—Mooresville, Ind.
The 2020 Asset Manager and Strategist of the Year Award winners are:
Large Cap Equity
Brown Advisory—Large Cap Growth
Parnassus Investments—Core Equity Fund
- Mid Cap
Wells Fargo Asset Management—Special Mid Cap Value
- Small and SMID
The London Co.—SMID Managed Account Strategy
Global, International, and Emerging Market
ClearBridge Investments—International Growth ADR SMA
T. Rowe Price Investment Management—Bank Loan Strategy
Breckinridge Capital Advisors—Intermediate Sustainable Tax Efficient SMA
Eaton Vance—Global Macro Absolute Return Strategy
Capital Group—American Funds Core Models
Envestnet, Inc. (NYSE: ENV) is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone. Over 103,000 advisors across more than 4,900 companies including 16 of the 20 largest U.S. banks, 46 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs, and hundreds of FinTech companies, leverage the Envestnet platform to grow their businesses and client relationships.
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Investment Advisor and Envestnet are separate and unaffiliated entities, and are not responsible for each other's services or policies. This release should not be construed as a recommendation or endorsement of any particular product, service, or firm.