CHICAGO, April 22, 2021 /PRNewswire/ -- Envestnet, Inc.
(NYSE: ENV) announces that Envestnet | PMC (PMC) has launched
an environmental, social, and governance (ESG) due diligence
program to enhance its existing proprietary due diligence
framework—and enable its research team to hold more meaningful
conversations with asset managers throughout the Envestnet
ecosystem about ESG investment processes and strategies. This
additional level of research and due diligence from PMC is
ultimately designed to help financial advisors and their clients
make well-informed ESG investment decisions.
"With increased activity and interest in ESG, advisors and
investors can be overwhelmed with potential ESG investment
opportunities," said Kiley
Miller, Associate Portfolio Manager at Envestnet
| PMC. "In order to give advisors and their clients a
roadmap for making ESG investment decisions, we have developed a
multi-factor ESG due diligence process for evaluating ESG
strategies available on the Envestnet platform. We examine each
manager to identify their level of commitment to ESG integration.
These insights will equip advisors with better information on ESG
investment strategies, which they can use to cut through the excess
noise as they effectively navigate the growing ESG fund
landscape."
Based on interactions and questionnaires from ESG managers, as
part of the ESG due diligence framework, PMC's research team
analyzes firm-level ESG policies, ESG integration in the investment
process, reporting on impact, and engagement on ESG issues at
equity and fixed-income managers across the Envestnet platform.
Information on these four key areas is collected from managers
through a questionnaire and ongoing conversations with investment
teams. These insights are then evaluated and scored using specific,
detailed criteria across ESG governance and policies, integration
in the investment process, reporting, and engagement on ESG
issues.
Investor interest in ESG strategies that seek to influence
positive social change continues to rise. On the Envestnet
platform, year-over-year investments in impact and ESG strategies
were up 98% in 2019, and were up 81% in 2020—making ESG the
fastest-growing segment of Envestnet's managed money universe. As
of December 31, 2020, the Envestnet
ecosystem included more than $20
billion in ESG assets under management or administration in
over 335,000 client accounts, overseen by more than 17,000
advisors.
"The market's focus on ESG investment approaches is no passing
fad. Investors will continue to place emphasis on strategies that
allow them to make a positive social impact through investing,"
said Dana D'Auria, CFA, Co-Chief Investment Officer of
Envestnet. "The seamless incorporation of customized,
institutional-quality ESG and sustainable investment approaches
into client portfolios is another benefit of the intelligent,
connected financial life created by Envestnet's financial wellness
ecosystem."
About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial
advice and wellness are delivered. Our mission is to empower
advisors and financial service providers with innovative
technology, solutions, and intelligence to make financial wellness
a reality for everyone. Over 106,000 advisors across more than
5,100 companies—including 17 of the 20 largest U.S. banks, 47 of
the 50 largest wealth management and brokerage firms, over 500 of
the largest RIAs, and hundreds of FinTech companies—leverage the
Envestnet platform to grow their businesses and client
relationships.
For more information on Envestnet | PMC, please visit
www.investpmc.com.
Nothing contained in this presentation is intended to constitute
legal, tax, accounting, securities, or investment advice, nor an
opinion regarding the appropriateness of any investment, nor a
solicitation of any type. Advisors should always conduct their
own research and due diligence on investment products and the
product managers prior to offering or making a recommendation to a
client.
Media Contact:
Dana Taormina
JConnelly for Envestnet
973.647.4626
envestnetpr@jconnelly.com
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SOURCE Envestnet, Inc.