CHICAGO, Oct. 14, 2016 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) has received four 2016 WealthManagement.com Industry Awards, which recognize companies and organizations that support financial advisor success. James Lumberg, Co-Founder and Executive Vice President of Envestnet, led the team of Envestnet executives who accepted these awards during a ceremony held at the Mandarin Oriental in New York City on September 29, 2016.

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"Our teams remain focused on enhancing our platform with innovative and industry leading solutions so that advisors are empowered to deliver better outcomes for clients," said Jud Bergman, Chairman and CEO of Envestnet. "We are proud to be recognized for our ongoing efforts to help advisors demonstrate more value in client relationships and grow their practices."

Envestnet won 2016 WealthManagement.com Industry Awards in the following categories:


    --  TAMPs: 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 (TAMP), and the fastest-growing TAMP over the past
        three years, according to Cerulli Associates. Envestnet provides access
        to 16,000 investment products and strategies that can help advisors
        achieve better investment outcomes for clients. Its platform enables
        advisors to focus on serving clients, while spending less time on the
        non-core aspects of their practice.
    --  Socially Responsible Investing (SRI)/Impacting Investing: Envestnet |
        PMC created its Impact Investing platform to provide solutions through
        portfolios that are comprehensive, diversified, and designed for
        investors with environmental, social, and governance (ESG) 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 ESG investment 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. In addition, PMC provides in-depth analysis
        on 35 select best-of-breed SRI-focused separately managed accounts
        (SMAs) and mutual funds using information compiled by its research team
        in conjunction with Veris Wealth Management. PMC has also teamed up with
        Sustainalytics to provide screening of over 5,000 stocks that are held
        in SMA manager portfolios based on their ability to adhere to impact
        investing criteria. These overlays will be able to exclude those
        companies from model holdings that do not meet Sustainalytics' industry
        leading research standards.
    --  Rebalancing: Envestnet | Tamarac's Advisor Rebalancing(®) application
        delivers a range of useful, integrated capabilities to advisors,
        including advanced model portfolio management, monitoring, rebalancing,
        trading, and real-time pricing. Advisor Rebalancing's new features
        include a new dashboard and home screen that quickly gather and filter
        key information for advisors, such as saved search results and a tally
        of accounts and groups (and their assets under management). The
        application also offers a suite of services that go beyond simple
        portfolio rebalancing. Users can automate model portfolio construction
        and management, monitor accounts for trading triggers, and execute
        trades directly with a broker. Advisor Rebalancing has gained
        significant traction, with more than 600 independent RIA firms utilizing
        the application to manage in excess of $350 billion in assets for more
        than 1 million financial accounts, as of June 30, 2016.
    --  401(k) Retirement Plan Support Services: Envestnet | Retirement
        Solutions (ERS) launched the ERS Fund Strategist Network in July 2015 to
        provide independent, unbiased fiduciary oversight and support to
        retirement plan sponsors, broker-dealers, and advisors. The platform,
        which includes a roster of institutional-grade and boutique fund
        strategists, provides retirement plan advisors with access to
        high-quality unitized fund strategist portfolios which are monitored by
        ERS.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to financial enterprises and advisors. Our solutions unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables the transformation of wealth management into a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet's Advisor Suite 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, personalized financial apps and services for millions of consumers. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors.

More than 2,000 companies, including 15 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 (https://twitter.com/envintel).

Media Contact:
Dana Taormina
JConnelly
(973) 850-7305
dtaormina@jconnelly.com

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SOURCE Envestnet, Inc