CHICAGO, IL, April 23, 2015 -- Envestnet, Inc. (NYSE: ENV) and Investment Advisor magazine have partnered to choose the finalists for the 11th Annual Separately Managed Account (SMA) Manager of the Year Awards. The awards honor best-in-class SMA managers, and will be presented during the 2015 Envestnet Advisor Summit, which is taking place from May 6-8 at the Hilton Chicago (http://www.envestnet.com/advisorsummit).
"A clearly defined and sustainable investment strategy isn't enough to generate consistent alpha for investors—investment success also depends on the human capital of the firm running the strategy," said Tim Clift, Chief Investment Strategist, Envestnet | PMC. "We are proud to put our due diligence expertise to work in recognizing these outstanding managers alongside Investment Advisor."
Awards for Strategist and Impact SMA Managers of the Year have been added to this year's competition. The creation of the Strategist category, which acknowledges exceptional third-party portfolio strategists, follows the recent influx of strategies launched by institutional money managers. The Impact category honors SMA portfolios driven by investment processes that include corporate governance, social, environmental, or faith-based investing considerations. The demand for these impact investing strategies continues to increase.
A single SMA Manager of the Year will be selected from among the category winners as a model of investment management excellence. Investment Advisor will feature all of the winners in its July 2015 issue.
To qualify for an SMA Manager of the Year Award, a manager is required to have a management team with at least three years of experience running a strategy that has a minimum of $200 million in assets. In addition, its product must be reported through Envestnet | PMC's PrimaGuide research application. PMC's Premium Research Solutions is a leading source of investment manager due diligence and research applications for advisors.
The award finalists were chosen based on Envestnet ৷PMC's systematic, proprietary, and multi-factor evaluation methodology. This framework takes into consideration a variety of quantitative and qualitative criteria, including performance, firm profile, investment process and style, customer service, composite, and tax efficiency.
"As SMAs continue to increase in popularity among investors, it is vital to call attention to investment managers whose strategies have delivered meaningful results for their clients, and that exhibit desirable firm and process traits," said Jamie Green, Editorial Director, Investment Advisor Group of ALM Media, which publishes Investment Advisor. "The use of a precise due diligence process to identify and spotlight SMA managers with best-in-class strategies and management teams is a tremendous benefit for our advisor readers and their clients."
Mr. Clift and Mr. Green will present the winners with their awards on the second day of the Envestnet Advisor Summit. The finalists are:
U.S. Equity Large Cap (two awards)
Alley Company—Dividend Portfolio
Dana Investment Advisors—Large Cap Equity
Golden Capital Management—Large Cap Core
Raub Brock Capital Management—Dividend Growth
U.S. Equity Small or Mid Cap (two awards)
Chartwell Investment Partners—Small Cap Value
Congress Asset Management—Mid Cap Growth
Kayne Anderson Rudnick—Small Cap Core
PNC Capital Advisors—Small Cap Portfolio
International or Global Equity (one award)
Epoch Investment Partners—Global Equity Shareholder Yield
Harding Loevner—Global Equity ADR
Fixed Income (one award)
GW&K Investment Management—Enhanced Core Bond
Reinhart Partners—Active Intermediate Fixed Income
Specialty (one award)
Cornerstone Real Estate Advisers—U.S. REIT
Cushing Asset Management—Cushing MLP Core Strategy
Strategist (one award)
Frontier Asset Management
S&P Investment Advisory Services
Impact (one award)
Dana Investment Advisors—Socially Responsible Equity
Breckinridge Capital Advisors—Intermediate-Term Tax-Efficient Sustainable Bond Strategy
About Envestnet | PMC®
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.
Envestnet | PMC provides independent advisors, broker-dealers, and institutional investors with the research, expertise, and investment solutions—from due diligence and comprehensive manager research to portfolio consulting and portfolio management—they need to help improve client outcomes.