CHICAGO, Nov. 20, 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 entered into a
partnership with Alerus Retirement Solutions, a division of Alerus
Financial, N.A. ("Alerus") to offer ERS's advisor platform and
fiduciary services to advisors and sponsors that work with
Alerus.
Alerus is a one-source provider of qualified retirement plan
services. The addition of ERS's comprehensive fiduciary services
offering reaffirms Alerus'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, as well as its proprietary
SCORE methodology, to examine the financial product universe and
ultimately provide a workable subset of investments allowing
participants to construct well-diversified portfolios.
"ERS's unique combination of the end-to-end advisor platform and
its fiduciary services made it a natural choice for us to deliver
value to our advisors," said Brian
Overby, President of Alerus Retirement Solutions.
"Alerus is an innovator in the retirement space, and we believe
our advisor platform and fiduciary services are a strong complement
to Alerus's retirement plan offerings," 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 ALERUS RETIREMENT SOLUTIONS
Alerus Retirement Solutions (ARS) is one of the nation's leading
providers of open-architecture recordkeeping services. ARS provides
trustee/custodial services, IRS-approved plan documents, plan
design, full plan administration, compliance testing, and
customized model portfolios. Our high level of service,
sophisticated technology, and competitive pricing provide value to
retirement plans of all sizes. Based in Arden Hills, MN, ARS has been providing
retirement plan services for over 70 years. We currently serve over
4,800 clients with plan assets totaling over $17 billion.
CONTACT:
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Laura
Simpson
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|
JCPR
|
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(973)
850-7319
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lsimpson@jcprinc.com
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SOURCE Envestnet | Retirement Solutions