CHICAGO, June 22, 2017 /PRNewswire/ -- Envestnet | Retirement Solutions ("ERS") now supports more than $25 billion in assets under advisement through its customized, portable 3(21) and 3(38) outsourced fiduciary service, Envestnet Fiduciary Advantage(TM).

ERS has also added T. Rowe Price Retirement Plan Services, Inc. to its group of financial institution clients offering access to Envestnet Fiduciary Advantage to deliver fiduciary services and protection to advisors working with retirement plan sponsors. As of March 31, 2017, ERS supports $25.89 billion in assets under advisement from 13,390 plans--representing a 7.5% growth in assets under advisement, and a 19% increase in plans, quarter over quarter.

More information about Envestnet Fiduciary Advantage is available at: http://envestnetrs.com/fiduciary.

"At a time when many advisors are still adapting to the fee-based business model, our flexible, single-source fiduciary channel empowers advisors working with retirement plan sponsors to deliver advice and solutions that are in every plan participant's best interest," said Babu Sivadasan, President of Envestnet | Retirement Solutions. "We are grateful that T. Rowe Price and other large institutions provide access to the independent and innovative fiduciary services we offer their advisors' broad spectrum of retirement plan sponsor clients."

Envestnet Fiduciary Advantage can be easily integrated with each plan's current retirement services provider, and offers comprehensive services such as:


    --  Investment allocation recommendations with corresponding research
        reports.
    --  Ongoing and rigorous investment monitoring.
    --  Quarterly monitoring reports.

Envestnet Fiduciary Advantage is powered by ERS's institutional-caliber research, leading technology, and experienced staff. ERS utilizes its proprietary ERS SCORE((TM)) Methodology to evaluate and monitor potential investments for retirement plans, placing emphasis on portfolio managers that possess four characteristics--effective and consistent risk control, an efficient risk-return profile, stability, and a reasonable fee structure.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation, and fiduciary managed account solutions.

More than 55,000 advisors and 2,500 companies--including 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies--leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

Media Contact:
Dana Taormina
JConnelly for Envestnet | Retirement Solutions
(973) 850-7305
dtaormina@jconnelly.com

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SOURCE Envestnet | Retirement Solutions