MADISON, Wis. and CHICAGO, Nov. 15,
2016 /PRNewswire/ -- CUNA Mutual Retirement Solutions
announces it is partnering with Envestnet | Retirement Solutions
("ERS") to help financial advisors and plan sponsors meet their
fiduciary obligations.
The relationship is another example of CUNA Mutual Retirement
Solutions' long-term commitment to helping advisors be more
successful in their practices and better serve the retirement needs
of their clients.
Changing market dynamics and evolving regulations have led many
plan sponsors and plan advisors to consider outsourcing
alternatives to ensure they fulfill their fiduciary
responsibility.
ERS' Fiduciary Advantage™ delivers innovative
fiduciary protection 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 investment monitoring.
"We believe ERS will deliver the level of customization advisors
expect, along with an integrated platform that will bring both
value and ease of use," said Chris
Phillips, director of institutional sales for CUNA Mutual
Retirement Solutions. "This plan fiduciary solution will
provide enhanced data integration, research and analytic tools, as
well as comprehensive reporting. It's everything retirement plan
advisors and plan sponsors are looking for to meet their
obligations to participants."
ERS uses both qualitative and quantitative criteria, and its
proprietary ERS SCORE™ (Style, Cost, Organization, Risk
and Execution) methodology, to examine prospective financial
products to ultimately provide a workable subset of
investments.
"CUNA Mutual Retirement Solutions' central objective is to
improve outcomes for advisors, plan sponsors and their
participants, and we believe our Fiduciary Advantage™ is
a strong complement to their mission," said Babu Sivadasan,
group president, Envestnet | Retirement Solutions. "Outsourcing
investment selection and monitoring doesn't just give plan sponsors
peace of mind to focus on their businesses—it also gives advisors
more time to work with their plan sponsor clients."
About CUNA Mutual Retirement Solutions
CUNA Mutual
Retirement Solutions designs simple and practical retirement
programs that help hard-working Americans save for the future. For
more than 50 years, it has been a leading provider of qualified and
nonqualified retirement solutions delivering service excellence and
customer-focused, best-in-class products. With nearly $18 billion in assets under administration and
more than 6,700 retirement plans in place, the company is helping
more than 330,000 hard-working Americans save for the future. Its
products, tools and resources work together to help achieve better
employee outcomes measured at the plan and participant levels. More
information is available at www.cunamutualrs.com.
About Envestnet | Retirement Solutions
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 52,000 advisors and 2,500 companies including: 16 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).
CUNA Mutual Retirement Solutions is a division of CUNA Mutual
Group and the marketing name for CPI Qualified Plan Consultants,
Inc., a CUNA Mutual Group member company. CUNA Mutual Group is the
marketing name for CUNA Mutual Holding Company, a mutual insurance
holding company, its subsidiaries and affiliates. Annuity insurance
products are issued by CMFG Life Insurance Company, located in
Madison, Wisconsin. Each insurer
is solely responsible for the financial obligations under the
policies and contracts it issues.
Securities distributed by CUNA Brokerage Services, Inc.
(CBSI), member FINRA/SIPC, a registered broker/dealer, 2000
Heritage Way, Waverly, Iowa 50677,
toll-free 866.512.6109. Non-deposit investment and insurance
products are not federally insured, involve investment risk, may
lose value, and are not obligations of or guaranteed by the
financial institution. Representatives offer retirement and
investment education but do not provide investment, legal or tax
advice. Participants are encouraged to consult their own
advisors.
CMRS-1619402.2-1116-1218
© 2016 CUNA Mutual Group, All Rights Reserved
For more information:
Phil Tschudy 608.665.7188
philip.tschudy@cunamutual.com
Jess Noelck 608.665.7861
jess.noelck@cunamutual.com
Dana Taormina for Envestnet |
Retirement Solutions
973.850.7305 dtaormina@jconnelly.com
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SOURCE Envestnet | Retirement Solutions