CHICAGO, Sept. 16, 2014 /PRNewswire/ -- Envestnet |
Retirement Solutions (ERS), a majority owned subsidiary of
Envestnet, Inc. (NYSE: ENV), and a leading provider of unified
retirement technology and services to advisors, has now made its
fiduciary services solution available to CDM Retirement
Consultants, Incorporated ("CDM").
Based in Towson, Maryland, CDM
is a leading provider of open architecture retirement plan
solutions designed to meet the needs of plan sponsors and their
participants. The addition of ERS's comprehensive fiduciary
services offering reaffirms CDM's ongoing commitment to helping
retirement plan-focused financial advisors access an extensive
suite of solutions.
Changing market dynamics and evolving regulation around the role
and definition of a fiduciary has led many plan sponsors to seek
outside help from qualified professionals to ensure they are
meeting their statutory and ethical obligations. ERS uses both
qualitative and quantitative criteria and its proprietary SCORE
methodology to examine the financial product universe to ultimately
provide a workable subset of investments that allows participants
to construct well-diversified portfolios.
"ERS works closely with our clients' trusted advisors to
customize an investment menu in accordance with an Investment
Policy Statement and then conducts ongoing investment research
according to those criteria," said Chip
Earle, Principal at CDM. "The result is an investment menu
that is prudent, thoughtful, and appropriate for plan participants.
For plan sponsors, working with a retirement expert not only
reduces risk, it gives them more time to focus on running their
business."
"CDM is an innovator in their approach to servicing retirement
plans, and we believe our fiduciary services are a strong
complement to their retirement plan platform," said Babu Sivadasan,
Group President ERS. "Outsourcing the investment selection and
monitoring duties doesn't just give plan sponsors more time to work
on their businesses, it also gives advisors more time to work with
their plan sponsor clients."
Envestnet Retirement Solutions delivers innovative fiduciary
services to the retirement plan marketplace. Powered by technology,
institutional-caliber research, and an experienced staff of
investment professionals, ERS helps enhance the plan sponsor-plan
advisor relationship with fiduciary support and regular, dependable
investment monitoring.
ABOUT ENVESTNET | RETIREMENT SOLUTIONS
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 | 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.
ABOUT CDM RETIREMENT CONSULTANTS
CDM Retirement Consultants, Inc. is an independent, non-producing
provider of open architecture retirement plan solutions designed to
meet the objectives of plan sponsors and their
participants.
Since its inception in 1998, CDM has grown to provide full
service, comprehensive recordkeeping and expert administration to
over 500 retirement plan clients comprised of some 40,000
participants in plans that range in size from startups to
$50 million. Assets under
administration are approximately $1.9B. CDM employs 29 industry professionals and
undergoes a rigorous, SOC 1 (SSAE- 16) each year.
Through a unique, Single-Point-of-Contact service model, from
industry accredited (QKA) professionals, CDM offers custom
solutions and consultation to plan sponsors with personal,
pro-active attention.
For more information contact Tom
Rouse at 443 797-1057 or at
trouse@cdmretirement.com.
CONTACT: Laura Simpson
Jennifer Connelly Public Relations
(973) 850-7319
lsimpson@jcprinc.com
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SOURCE Envestnet | Retirement Solutions