CHICAGO, May 8, 2015 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) and Investment Advisor magazine announced the winners of the 11(th) Annual Separately Managed Account (SMA) Manager of the Year Awards yesterday during the 2015 Envestnet Advisor Summit, currently taking place at the Hilton Chicago (http://www.envestnet.com/advisorsummit).

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Winning SMA managers from seven categories, including the newly established Strategist and Impact categories, were presented with crystal statuettes on the second day of the Summit. Cushing Asset Management was selected from among the winners as the overall SMA Manager of the Year, an elite honor given to firms that exemplify investment management excellence. The award recipients will be featured in the July 2015 cover story of Investment Advisor, along with coverage now available on ThinkAdvisor.com (http://www.thinkadvisor.com/sponsored/envestnet-advisor-summit-2015/).

"We congratulate Cushing Asset Management and the other winners for creating best-in-class SMA strategies that have consistently generated alpha for clients over the long term," said Tim Clift, Chief Investment Strategist, Envestnet | PMC (http://www.investpmc.com). "A disciplined investment management process combining in-depth research, risk management protocols, and team expertise is the hallmark of an outstanding SMA Manager. Partnering with Investment Advisor offers an opportunity to use our precise due diligence to call attention to managers that embody these characteristics, which helps raise standards in the industry."

The winners are:

U.S. Equity Large Cap
Golden Capital Management--Large Cap Core
Raub Brock Capital Management--Dividend Growth

U.S. Equity Small or Mid Cap
Chartwell Investment Partners--Small Cap Value
Congress Asset Management--Mid Cap Growth

Institutional or Global Equity
Epoch Investment Partners--Global Equity Shareholder Yield

Fixed Income
GW&K Investment Management--Enhanced Core Bond

Specialty
Cushing Asset Management--Cushing MLP Core Strategy

Strategist
Frontier Asset Management

Impact
Dana Investment Advisors--Socially Responsible Equity

The award finalists and winners were chosen using the systematic, proprietary, and multi-factor evaluation methodology developed by Envestnet | PMC's Premium Research Solutions, a leading source of investment manager due diligence and research applications for advisors. Its evaluation framework considers performance, firm profile, customer service, investment process and style, composite, tax efficiency, and other quantitative and qualitative criteria.

To be eligible for an SMA Manager of the Year Award, a manager's product must be reported through PMC's PrimaGuide research application, and have at least $200 million in assets. Entrant managers must also have management teams with at least three years of experience running their respective strategies.

Dallas, TX-based Cushing Asset Management currently offers five strategies within SMAs. Its MLP Core Strategy portfolio is mostly comprised of larger-capitalization midstream master limited partnerships (MLPs).

"With so many new SMA strategies coming to market, advisors need a benchmark to help evaluate the managers behind them," said Jamie Green, Group Editorial Director, Investment Advisor Group of ALM Media, which publishes Investment Advisor. "This year's award winners are role models within the asset management industry, and exhibit the attributes that advisors and their clients should look for when considering SMA investment options."

About Envestnet | PMC
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 results.

Envestnet | PMC provides independent advisors, broker-dealers, and institutional investors with the research, expertise, and investment solutions--from due diligence and comprehensive manager research to portfolio consulting and portfolio management--they need to help improve client outcomes.

For more information on PMC, please visit Envestnet | PMC and follow @ENVintel (https://twitter.com/envintel).

Media Contact: Laura Simpson
JCPR
(973) 850-7319
lsimpson@jcprinc.com

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SOURCE Envestnet | PMC