CHICAGO, Oct. 14, 2016 /PRNewswire/ -- Envestnet,
Inc. (NYSE: ENV) has received four 2016 WealthManagement.com
Industry Awards, which recognize companies and organizations that
support financial advisor success. James Lumberg,
Co-Founder and Executive Vice President of Envestnet, led the
team of Envestnet executives who accepted these awards during a
ceremony held at the Mandarin Oriental in New York City on September 29, 2016.
"Our teams remain focused on enhancing our platform with
innovative and industry leading solutions so that advisors are
empowered to deliver better outcomes for clients," said
Jud Bergman, Chairman and CEO of
Envestnet. "We are proud to be recognized for our ongoing
efforts to help advisors demonstrate more value in client
relationships and grow their practices."
Envestnet won 2016 WealthManagement.com Industry Awards
in the following categories:
- TAMPs: As access to holistic data and mission-critical
applications becomes increasingly important to serving clients,
Envestnet's cloud-based wealth management platform has emerged as a
standout technology provider for advisors. Envestnet is the largest
turnkey asset management platform (TAMP), and the fastest-growing
TAMP over the past three years, according to Cerulli Associates.
Envestnet provides access to 16,000 investment products and
strategies that can help advisors achieve better investment
outcomes for clients. Its platform enables advisors to focus on
serving clients, while spending less time on the non-core aspects
of their practice.
- Socially Responsible Investing (SRI)/Impacting
Investing: Envestnet | PMC created its Impact Investing
platform to provide solutions through portfolios that are
comprehensive, diversified, and designed for investors with
environmental, social, and governance (ESG) priorities and
preferences. The platform consists of seven risk-based portfolios
constructed by impact managers who consistently beat their
benchmarks on a risk-adjusted basis, while fulfilling ESG
investment objectives. The portfolios spread risk over multiple,
diverse types and classes of managers, including mutual funds,
ETFs, index-based mutual funds, and separate account solutions. In
addition, PMC provides in-depth analysis on 35 select best-of-breed
SRI-focused separately managed accounts (SMAs) and mutual funds
using information compiled by its research team in conjunction with
Veris Wealth Management. PMC has also teamed up with Sustainalytics
to provide screening of over 5,000 stocks that are held in SMA
manager portfolios based on their ability to adhere to impact
investing criteria. These overlays will be able to exclude those
companies from model holdings that do not meet Sustainalytics'
industry leading research standards.
- Rebalancing: Envestnet | Tamarac's Advisor
Rebalancing® application delivers a range of useful,
integrated capabilities to advisors, including advanced model
portfolio management, monitoring, rebalancing, trading, and
real-time pricing. Advisor Rebalancing's new features include a new
dashboard and home screen that quickly gather and filter key
information for advisors, such as saved search results and a tally
of accounts and groups (and their assets under management). The
application also offers a suite of services that go beyond simple
portfolio rebalancing. Users can automate model portfolio
construction and management, monitor accounts for trading triggers,
and execute trades directly with a broker. Advisor Rebalancing has
gained significant traction, with more than 600 independent RIA
firms utilizing the application to manage in excess of $350 billion in assets for more than 1 million
financial accounts, as of June 30,
2016.
- 401(k) Retirement Plan Support Services: Envestnet |
Retirement Solutions (ERS) launched the ERS Fund Strategist Network
in July 2015 to provide independent,
unbiased fiduciary oversight and support to retirement plan
sponsors, broker-dealers, and advisors. The platform, which
includes a roster of institutional-grade and boutique fund
strategists, provides retirement plan advisors with access to
high-quality unitized fund strategist portfolios which are
monitored by ERS.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified
wealth management technology and services to financial enterprises
and advisors. Our solutions unify and fortify the wealth management
process, delivering unparalleled flexibility, accuracy,
performance, and value. Envestnet enables the transformation of
wealth management into a transparent, independent, objective, and
fiduciary standard of care, and empowers enterprises and advisors
to more fully understand their clients and deliver better
outcomes.
Envestnet's Advisor Suite enables financial advisors to better
manage client outcomes and strengthen their practices.
Institutional-quality research and advanced portfolio solutions are
provided through Envestnet | PMC, our Portfolio Management
Consultants group. Envestnet | Yodlee is a leading data aggregation
and data analytics platform powering dynamic, personalized
financial apps and services for millions of consumers. Envestnet |
Tamarac provides leading rebalancing, reporting, and practice
management software for advisors.
More than 2,000 companies, including 15 of the 20 largest U.S.
banks, 38 of the 50 largest wealth management and brokerage firms,
over 500 of the largest Registered Investment Advisers, and
hundreds of Internet services companies, leverage Envestnet
technology and services. Envestnet solutions enhance knowledge of
the client, accelerate client on-boarding, improve client digital
experiences, and help drive better outcomes for enterprises,
advisors, and their clients.
For more information on Envestnet, please visit
www.envestnet.com and follow @ENVintel
(https://twitter.com/envintel).
Media Contact:
Dana
Taormina
JConnelly
(973) 850-7305
dtaormina@jconnelly.com
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SOURCE Envestnet, Inc