CHICAGO, July 14, 2015 /PRNewswire/ -- Envestnet | Retirement Solutions (ERS), a majority-owned subsidiary of Envestnet, Inc. (NYSE: ENV), has launched the ERS Fund Strategist Network (Network), a roster of institutional-grade and boutique strategic and dynamic fund strategists. The platform provides retirement plan advisors with access to quality unitized fund strategist portfolios, which are monitored by ERS.

http://photos.prnewswire.com/prnvar/20141120/159875LOGO

After the strategist assessment is completed, fund strategists in the Network submit their models of mutual funds and/or exchange-traded funds (ETFs) to ERS, which facilitates trading and unitization for these portfolios through its model management system. In addition, ERS serves as the 3(38) investment manager on behalf of 401(k) plan sponsors for the fund strategist portfolios available through the platform.

More information about ERS and the ERS Fund Strategist Network is available at http://www.envestnet.com.

"The ERS Fund Strategist Network enables us to provide the independent, unbiased fiduciary oversight and support that retirement plan sponsors, broker-dealers, and advisors are seeking," said Babu Sivadasan, Group President, ERS. "Given the adoption of the fiduciary standard and prudent investment practices in the retirement industry, we believe the Network can help broker-dealers, banks and trusts, and retirement advisors to truly act in the best interests of plan sponsors and participants."

The ERS model management framework forms the basis of ModelTool(k)it, a modeling and unitization solution for mutual fund- and ETF-based portfolios available through Matrix Financial Solutions, a Broadridge Financial Solutions company. ModelTool(k)it was brought to market in August 2014 through a strategic alliance between ERS and Matrix Financial Solutions, which offers access to the ERS Fund Strategist Network.

The ERS Fund Strategist Network currently includes:


    --  3D Asset Management
    --  Beaumont Capital Management
    --  CLS Investments
    --  Efficient Market Advisors
    --  Fund Evaluation Group
    --  Horizon Investments
    --  Madison Asset Management
    --  Russell Investments
    --  Sage Advisory
    --  Standard & Poor's Investment Advisory Services LLC

Additional fund strategists may be approved for inclusion in the Network going forward.

"Envestnet provides advisors with flexible, efficient, and scalable access to intellectual capital from more than 60 institutional managers through the Envestnet Fund Strategist Network. We are offering a similar service for retirement plan advisors," said Mr. Sivadasan.


About Envestnet | Retirement Solutions
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 | Retirement Solutions (ERS), a subsidiary of Envestnet, Inc., provides retirement advisors with an integrated platform that combines one of the industry's leading practice management technology, research and due diligence, data aggregation, compliance tools, and intelligent managed account solutions. ERS leverages Envestnet's advanced capabilities and resources, along with its experience in investment research, portfolio construction and investment management, to meet the specialized needs of each retirement plan stakeholder, from plan participants to sponsors, advisors to home offices and record keepers to DCIOs.

For more information on Envestnet | Retirement Solutions, please visit www.envestnet.com.


      Media Contact:             Laura Simpson

                                 JCPR

                                 (973) 850-7319

                                 lsimpson@jcprinc.com

Logo - http://photos.prnewswire.com/prnh/20141120/159875LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ers-fund-strategist-network-introduced-by-envestnet--retirement-solutions-300112560.html

SOURCE Envestnet | Retirement Solutions