CHICAGO, April 27, 2016 /PRNewswire/ -- The Money
Management Institute (MMI) has bestowed its 2016 Industry
Leadership Award for Advisory Solutions Provider of the
Year—Outsourced Investment Advisory Services upon Envestnet, Inc.
(NYSE: ENV). The award honors the technology or service provider
whose outsourced investment advisory services offerings best
exemplify overall excellence and the qualities most valued by
managers, program sponsors, and financial advisors.
"We consistently look to expand our menu of investment solutions
so that we can support our client firms and advisors across all
practice management models," said Jud
Bergman, Chairman and CEO of Envestnet. "We are honored
that the Money Management Institute has recognized the extensive
flexibility and selection of our comprehensive, end-to-end wealth
management platform, and we will continue to add options for
advisors of all practice sizes and structures."
Envestnet's award was presented during MMI's annual Gateway to
Leadership Industry Recognition Dinner in Washington, DC on April
20, 2016. MMI members submitted nominations for the 2016
Industry Leadership Awards, and a special committee representing
all segments of MMI's membership selected the finalists. The
winners were determined by a vote of MMI member firms.
Envestnet provides access to over 16,000 investment vehicles,
more than 3,800 of which are vetted and approved by its in-house
Portfolio Management Consulting group, Envestnet | PMC. Advisors
can choose from approximately 1,300 separately managed account
(SMA) strategies available from a roster that includes 95 of the
100 largest SMA managers. In addition, advisors can select from
over 1,200 mutual fund/exchange-traded fund strategist portfolios
available from 86 firms across strategic, dynamic, and tactical
investment styles. The Envestnet unified managed account (UMA)
program offers 870 SMA models and features an advisor-managed
sleeve.
Envestnet created the industry's first approved list of fund
strategist portfolios in 2013, and has a team of analysts dedicated
to conducting due diligence on fund strategist portfolios.
Envestnet's three portals are designed to help advisors,
enterprises, and asset managers maximize the benefits they receive
from the Envestnet platform. The Envestnet advisor portal enables
platform users to analyze account performance and deliver wealth
management services such as goals-based financial planning,
trading, rebalancing, and reporting—providing advisors with full
visibility into their clients' accounts and a broad spectrum of
account-servicing tools through a single login.
"We are proud that our platform has grown and evolved to the
point where we can meet the needs of advisors, whatever they
are—whether they require a fully outsourced solution encompassing
portfolio construction advice, asset allocation advice, and capital
market assumptions, or just one element of the equation," said
Bill Crager, President of
Envestnet. "Our goal is to offer streamlined access to as many
investment products, strategies, and managers as possible to give
independent advisors the competitive edge they need to improve
client outcomes, and this objective continues to motivate and guide
us."
About Envestnet
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 950 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 transform the speed and delivery
of financial innovation, improve digital customer experiences, and
drive better outcomes for our clients and their customers.
For more information on Envestnet, please visit
www.envestnet.com and follow @ENVintel
(https://twitter.com/envintel).
Media
Contact:
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JConnelly
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SOURCE Envestnet, Inc.