ENVESTNET | PMC and Singer Partners Form Strategic Relationship to Launch Dynamic Portfolio™ Series

CHICAGO, July 6 /PRNewswire/ -- ENVESTNET | PMC ("PMC"), the portfolio consulting group of Envestnet, Inc., a leading provider of wealth advisory solutions to financial advisors, is pleased to announce a new strategic relationship with Singer Partners LLC ("Singer Partners"), an asset management firm specializing in the construction of global dynamic asset allocation portfolios. The relationship expands PMC's capabilities allowing it to introduce the Dynamic Portfolio™ Series delivering dynamic portfolio solutions to complement PMC's current set of strategic and tactical asset allocation strategies.

"Our mission at PMC is to help advisors select the best managers, strategies and products for their clients' portfolios," said Brandon Thomas, Envestnet's Co-founder and Managing Director and Chief Investment Officer of PMC. "We are very pleased to work with Singer Partners, whose unique expertise in the area of global asset allocation reflects our commitment to aligning with institutional-quality managers and delivering innovative solutions that meet the demands of a dynamic investment marketplace."

Singer Partners seeks to achieve superior returns for long-term investors through a risk-managed, dynamic asset allocation process that broadly provides exposure to global asset classes, market sectors, currency markets, investment strategy themes and individual securities.

Singer Partners will advise PMC's Dynamic Portfolio™ Series using Singer Partners' skills in investing in asset classes, markets, sectors and themes based on identification of discrepancies between fundamental values and market prices in a controlled fashion relative to a target risk level. The Dynamic Portfolio™ Series includes the PMC Select Portfolios, a family of asset allocation wrap funds targeted to specific investment objectives, and the new PMC/Singer Partners Dynamic ETF Portfolios.

"PMC's integrated approach to portfolio construction strongly complements our time-tested investment philosophy at Singer Partners," said Brian Singer, Chief Investment Officer of Singer Partners. "We are excited to provide PMC clients with our dynamic, global asset allocation strategy."

"Advisors face an increasingly complex marketplace, in which investor needs and expectations change on an ongoing basis," Mr. Thomas said. "We look forward to continuing to introduce timely solutions and enhance our offering by providing access to institutional-quality asset managers and a diverse selection of traditional, alternative and blended products so that advisors have access to the best opportunities for their clients."

About ENVESTNET | PMC

ENVESTNET | PMC has a proven tradition of "advising the advisor" by providing expert consulting and analytical investment solutions to financial advisors and their clients. As Envestnet's portfolio consulting group, PMC seeks to add value at all stages of the investment process by constructing customized portfolios, conducting rigorous research on asset managers and investment vehicles, creating tools to streamline an advisor's practice and by developing innovative solutions that address unmet investment needs. At PMC, the goal is to strengthen the relationship between advisors and their clients, driven by an unwavering focus on "perfecting the portfolio."® As of March 31, 2010, PMC had $8.5 billion in assets under management.

For more information about PMC, please visit envestnet.com or investpmc.com.

This document contains no investment advice or recommendations and is provided for informational purposes only. Investing carries certain risks and there is no assurance that investing in accordance with the portfolios mentioned in this document will provide positive performance over any period of time. Investors could lose money if they invest in accordance with the portfolios discussed herein. The asset classes and/or investment strategies described above may not be suitable for all investors and investors should first consult with an investment advisor before investing. Investment decisions should be made based on the investor's specific financial needs and objectives, goals, time horizon, tax liability and risk tolerance. Past performance is not a guarantee of future results.

SOURCE ENVESTNET | PMC