CHICAGO, June 22, 2017 /PRNewswire/ -- Envestnet |
Retirement Solutions ("ERS") now supports more than $25 billion in assets under advisement through
its customized, portable 3(21) and 3(38) outsourced fiduciary
service, Envestnet Fiduciary Advantage™.
ERS has also added T. Rowe Price Retirement Plan Services, Inc.
to its group of financial institution clients offering access to
Envestnet Fiduciary Advantage to deliver fiduciary services and
protection to advisors working with retirement plan sponsors. As of
March 31, 2017, ERS supports
$25.89 billion in assets under
advisement from 13,390 plans—representing a 7.5% growth in assets
under advisement, and a 19% increase in plans, quarter over
quarter.
More information about Envestnet Fiduciary Advantage is
available at: http://envestnetrs.com/fiduciary.
"At a time when many advisors are still adapting to the
fee-based business model, our flexible, single-source fiduciary
channel empowers advisors working with retirement plan sponsors to
deliver advice and solutions that are in every plan participant's
best interest," said Babu Sivadasan, President of Envestnet |
Retirement Solutions. "We are grateful that T. Rowe Price and other large institutions
provide access to the independent and innovative fiduciary services
we offer their advisors' broad spectrum of retirement plan sponsor
clients."
Envestnet Fiduciary Advantage can be easily integrated with each
plan's current retirement services provider, and offers
comprehensive services such as:
- Investment allocation recommendations with corresponding
research reports.
- Ongoing and rigorous investment monitoring.
- Quarterly monitoring reports.
Envestnet Fiduciary Advantage is powered by ERS's
institutional-caliber research, leading technology, and experienced
staff. ERS utilizes its proprietary ERS SCORE™
Methodology to evaluate and monitor potential investments for
retirement plans, placing emphasis on portfolio managers that
possess four characteristics—effective and consistent risk control,
an efficient risk-return profile, stability, and a reasonable fee
structure.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent
systems for wealth management and financial wellness. Envestnet's
unified technology enhances advisor productivity and strengthens
the wealth management process. Envestnet empowers enterprises and
advisors to more fully understand their clients and deliver better
outcomes.
Envestnet 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, cloud-based innovation for digital
financial services. Envestnet | Tamarac provides leading
rebalancing, reporting, and practice management software for
advisors. Envestnet | Retirement Solutions provides an integrated
platform that combines leading practice management technology,
research, data aggregation, and fiduciary managed account
solutions.
More than 55,000 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.
Media Contact:
Dana Taormina
JConnelly for Envestnet | Retirement Solutions
(973) 850-7305
dtaormina@jconnelly.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/envestnet--retirement-solutions-surpasses-25b-in-assets-supported-through-innovative-fiduciary-service-300478107.html
SOURCE Envestnet | Retirement Solutions