CHICAGO, July 14, 2015 /PRNewswire/ -- Envestnet |
Retirement Solutions (ERS), a majority-owned subsidiary of
Envestnet, Inc. (NYSE: ENV), has launched the ERS Fund Strategist
Network (Network), a roster of institutional-grade and boutique
strategic and dynamic fund strategists. The platform provides
retirement plan advisors with access to quality unitized fund
strategist portfolios, which are monitored by ERS.
After the strategist assessment is completed, fund strategists
in the Network submit their models of mutual funds and/or
exchange-traded funds (ETFs) to ERS, which facilitates trading and
unitization for these portfolios through its model management
system. In addition, ERS serves as the 3(38) investment manager on
behalf of 401(k) plan sponsors for the fund strategist portfolios
available through the platform.
More information about ERS and the ERS Fund Strategist Network
is available at http://www.envestnet.com.
"The ERS Fund Strategist Network enables us to provide the
independent, unbiased fiduciary oversight and support that
retirement plan sponsors, broker-dealers, and advisors are
seeking," said Babu Sivadasan, Group President, ERS. "Given
the adoption of the fiduciary standard and prudent investment
practices in the retirement industry, we believe the Network can
help broker-dealers, banks and trusts, and retirement advisors to
truly act in the best interests of plan sponsors and
participants."
The ERS model management framework forms the basis of
ModelTool(k)it, a modeling and unitization solution for mutual
fund- and ETF-based portfolios available through Matrix Financial
Solutions, a Broadridge Financial Solutions company. ModelTool(k)it
was brought to market in August 2014
through a strategic alliance between ERS and Matrix Financial
Solutions, which offers access to the ERS Fund Strategist
Network.
The ERS Fund Strategist Network currently includes:
- 3D Asset Management
- Beaumont Capital Management
- CLS Investments
- Efficient Market Advisors
- Fund Evaluation Group
- Horizon Investments
- Madison Asset Management
- Russell Investments
- Sage Advisory
- Standard & Poor's Investment Advisory Services LLC
Additional fund strategists may be approved for inclusion in the
Network going forward.
"Envestnet provides advisors with flexible, efficient, and
scalable access to intellectual capital from more than 60
institutional managers through the Envestnet Fund Strategist
Network. We are offering a similar service for retirement plan
advisors," said Mr. Sivadasan.
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.
Media
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