CHICAGO—March 20, 2018—Envestnet, Inc. (NYSE: ENV) received three 2018 Family Wealth Report Awards at an awards dinner held at the Mandarin Oriental in New York City on March 8, 2018. The firm won in the Portfolio Management category for the Tamarac Reporting™ application and in the Innovative Investment Solution of the Year category for Envestnet’s award-winning Quantitative Portfolios. James Lumberg, Co-Founder and Executive Vice President at Envestnet, was also honored in the Leading Individual category.
“Envestnet is committed to advancing the industry with unified technology, said Jud Bergman, Chairman and CEO of Envestnet. “We are proud to be recognized for our industry-leading wealth management platform, our unique investment solutions and the outstanding leadership driving our business. These awards reflect a firm that is dedicated to continuously enhancing product offerings in order to help advisors manage client outcomes and strengthen their practices."
Envestnet won Family Wealth Report Awards in the following categories:
- Portfolio Management. Envestnet | Tamarac was honored for the second year in a row for its Tamarac Reporting™ portfolio management, performance reporting, billing and client portal application. The award reflects the continual enhancements made to Tamarac Reporting, including a mobile app for the client portal, customizable dashboard, advanced billing options, integrated financial planning, secure cloud-based document vault, business intelligence reports based on data from thousands of RIAs, and the ability to access interactive, dynamic reports and create customizable PDF reports for clients. The award-winning portfolio management application is part of the Tamarac platform, which provides the most comprehensive technology solution for Registered Investment Advisors (RIAs).
- Innovative Investment Solution of the Year – Quantitative Portfolios (QPs): Envestnet’s award-winning QPs are a suite of asset-specific investments that combine “beta” investing, the customization of managed accounts and the potential for tax management alpha. Geared toward meeting the needs of clients, Envestnet PMC Market Series QPs track major indexes and offer low-cost access to important market sectors, while the Factor-Enhanced QPs utilize factor exposures to potentially achieve excess risk-adjusted returns.
- Leading Individual, Service Product Provider: James Lumberg, Co-Founder and Executive Vice President at Envestnet, was recognized for outstanding leadership in the Service Product Provider category. In his role, Lumberg is responsible for leading a team in developing new markets to deploy the Envestnet platform and wealth advisory services. Among his countless contributions to the firm, he recently spearheaded the creation of a robust Impact Investing platform, which offers diversified investment solutions and overlay that span investor environmental, social and governance (ESG) priorities and preferences.
Now in its fifth year, the Family Wealth Report Awards recognize companies, teams and individuals from the global private banking, wealth management and advisor communities that have demonstrated innovation and excellence during the previous calendar year. An expert panel of judges was drawn from both private banks and trusted advisors/consultants to the sector.
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet 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, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.
More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 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.
For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.