HighTower Partners with Envestnet | Retirement Solutions for its Industry-Leading Technology Platform

Partnership Enables HighTower Advisors to Expand Client Relationships through ERS's Integrated Practice Management and Fiduciary Services Platform

CHICAGO, Dec. 3, 2014 -- HighTower has integrated Envestnet | Retirement Solutions (ERS) to its world-class technology platform, providing HighTower advisors with a comprehensive retirement plan solution to meet a wide variety of client needs.

"The rapidly changing regulatory landscape requires advisors to pay close attention to the fiduciary capabilities of their retirement investment platform," said Matthias Kuhlmey, Partner and Head of Global Investment Solutions (GIS), HighTower. "HighTower has taken the lead in providing a compelling retirement plan solution with ERS's unified platform, enabling advisors to better serve their clients as they respond to a growing demand for sophisticated retirement options."

ERS, a majority-owned subsidiary of Envestnet, Inc., provides a dedicated retirement platform that helps address the regulatory, technology, data and investment requirements of retirement plans in a cohesive fashion. ERS meets the specialized needs of all retirement plan stakeholders, including plan participants, sponsors and institutions, with advanced, transparent and product-agnostic solutions.

"ERS empowers advisors with scalable, customizable technology that integrates fiduciary services and managed accounts to help enhance the outcomes for both plans and participants," said Babu Sivadasan, Group President, ERS. "Our partnership with HighTower aligns two leading firms with a shared commitment to delivering fiduciary support for the advisor/client relationship with best-in-class products and services."

HighTower provides advisors streamlined access to a broad framework of wealth management solutions through the firm's dedicated research division, Global Investment Solutions (GIS). GIS performs in-depth research and due diligence for the variety of custodial and third-party platforms HighTower offers to advisors as one of the industry's leading multi-clearing and multi-custodial providers.

"The retirement space is a rapidly expanding segment of the wealth management business, and one that presents advisors and clients with a multitude of nuanced challenges," said Michael Parker, HighTower's National Director, Enterprise Development. "With the unique capabilities offered by ERS, HighTower now opens a significant new channel for advisors to address those challenges according to the best interests of the client."

HighTower is an industry-leading financial services firm offering a unique platform that blends objective wealth management advice with innovative technology. Our dedication to transparency in wealth management for investors and comprehensive support for independent advisors sets us apart. See www.hightoweradvisors.com.

Envestnet, Inc. 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 empowers advisors to deliver better outcomes.

Envestnet | Retirement Solutions (ERS), a subsidiary of Envestnet, Inc. provides retirement advisors with an integrated platform that combines one of the industry's leading practice management technology, research and due diligence, data aggregation, compliance tools and intelligent managed account solutions. ERS leverages Envestnet's advanced capabilities and resources, along with its experience in investment research, portfolio construction and investment management, to meet the specialized needs of each retirement plan stakeholder, from plan participants to sponsors, advisors to home offices and record keepers to DCIOs.

For more information on Envestnet Retirement Solutions, please visit www.envestnet.com.

Melinda Brodbeck

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