Company: Envestnet
Category: 401(k) Services
Initiative: Envestnet Retirement Services (ERS)
ERS, majority-owned subsidiary of Envestnet, launched the ERS Fund Strategist Network in July 2015. A roster of institutional-grade and boutique strategic and dynamic fund strategists, the platform provides retirement plan advisors with access to high-quality unitized fund strategist portfolios which are monitored by ERS and enables ERS to provide independent, unbiased fiduciary oversight and support to retirement plan sponsors, broker-dealers and advisors. In addition, ERS serves as the 3(38) investment manager on behalf of 401(k) plan sponsors for fund strategist portfolios available through the Network.
Category: Asset Managers - Socially Responsible Investing (SRI) / Impact Investing
Initiative: Envestnet's Impact Investing Platform
Socially responsible investing (SRI) in the United States has grown by a factor of 10 since 1995, and as of 2014 totaled more than $6 trillion in assets. Envestnet created the Impact Investing platform to provide SRI solutions through portfolios that are comprehensive, diversified and designed for investors with environmental, social, and governance 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 environmental, social, and governance 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.
Category: TAMPs
Initiative: Envestnet’s Platform
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 and the fastest-growing TAMP over the past three years, according to Cerulli Associates. It provides access to 16,000 investment products and strategies that can help advisors achieve better investment outcomes for clients. The platform enables advisors to focus on serving clients, while spending less time on the non-core aspects of their practice.
As of December 31, 2015, Envestnet’s platform serviced more than 47,000 advisors managing nearly 3.4 million accounts and $851 billion in assets. Envestnet’s advisor base is now nearly as large as all wirehouse firms combined.
About the Company
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's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practices. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software.
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 1,000 companies, including 12 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help improve the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.
For more information, please visit www.envestnet.com
JUD BERGMAN
CEO, Envestnet