Envestnet And Investment Advisor Team Up To Present 2013 SMA Managers of the Year Awards
Finalists Announced for Ninth Annual Awards Honoring Best-In-Class Separately Managed Account Managers, Winners to be Announced at the 2013 Envestnet Advisor Summit
CHICAGO, April 25, 2013 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to investment advisors, is sponsoring the 2013 Separately Managed Account (SMA) Managers of the Year Awards with Investment Advisor magazine. Winners of the ninth annual SMA Awards will receive their crystal statuettes at "The 2013 Envestnet Advisor Summit: A New Perspective," hosted by Envestnet from May 1-May 3, 2013 at the Hyatt Regency in downtown Chicago. The winners will be featured in the June 2013 issue of Investment Advisor.
The SMA Awards were established by Prima Capital and Investment Advisor to honor best-in-class SMA managers. Prima, a provider of investment manager due diligence, research applications, asset allocation modeling and multi-manager portfolios to the wealth management and retirement industries, was acquired by Envestnet in April 2012 and has aligned its services as Prima Premium Research under Envestnet |PMC, Envestnet's Portfolio Management Consultants group. This year marks the first occasion that the sponsors will give out an SMA Manager of the Year Award.
"The SMA Manager of the Year Awards are part of a longstanding Prima tradition, and we are proud, under Envestnet's auspices, to continue to work with Investment Advisor to honor those managers who work extremely hard to manage assets on behalf of their clients," said J. Gibson "Gib" Watson, III, CIMA®, Vice Chairman, Envestnet. "These awards serve an important purpose in the market because they draw attention to money managers whose investment processes have consistently deliver above-average results, as determined by our comprehensive due diligence."
Mr. Watson and Jamie Green, Group Editorial Director, Investment Advisor Group of Summit Business Media, which publishes Investment Advisor, will present the awards at "The 2013 Envestnet Advisor Summit: A New Perspective." The presentation of the SMA Managers of the Year Awards will take place at every Envestnet Advisor Summit going forward.
In order to qualify for an SMA Manager of the Year Award, a manager's product must report to the PrimaGuide research application, contain at least $200 million in assets and have management with tenure of at least three years. Candidates are determined through Prima's proprietary, systematic multi-factor manager evaluation methodology, which includes both qualitative and quantitative criteria. Envestnet | Prima analysts consider multiple factors when considering finalists, such as performance, firm, investment process and style, tax efficiency, composite and customer service.
"In a flat-growth, still volatile market, advisors need access to the best money managers on behalf of their clients," said Mr. Green. "We're pleased to meet that need by partnering with Prima for the ninth straight year in identifying and presenting the SMA Managers of the Year in Investment Advisor and on AdvisorOne."
Besides SMA Manager of the Year, nominees will be selected from the following categories: Large Cap U.S. Equity Manager (two winners); Small, Mid or Small-to-Mid Cap U.S. Equity Manager (two winners); International or Global Manager (one winner); and Taxable or Tax-Exempt Fixed Income Manager (one winner). Besides Mr. Watson and Mr. Green, the Awards Committee consists of Clifford W. Stanton, CFA, Chief Research Officer and Portfolio Strategist, Envestnet | PMC, and John Sullivan, Editor-in-Chief, Investment Advisor.
"The addition of the SMA Managers of the Year Awards onto the Envestnet platform has been one of many benefits from our acquisition of Prima," said Bill Crager, President, Envestnet. "We are confident that the presentation of the awards at this year's Envestnet Advisor Summit will serve as the impetus for further fruitful debate over the type of alpha that active managers can contribute over time."
The finalists are:
Large Cap U.S. Equity Manager (Two Winners)
Wedgewood Partners Inc. — Large Cap Focused Growth
Robeco Investment Management Inc. — BP Large Cap Value
TCW Investment Management Co. — TCW Concentrated Core (Large Cap Growth)
BRC Investment Management LLC — Large Cap Concentrated Equity
Small, Mid or Small-to-Mid Cap U.S. Equity Manager (Two Winners)
Glenmede Investment Management LP — Glenmede Small Cap Equity
EARNEST Partners — Mid Cap Core
Riverbridge Partners — SMID Cap Growth
GW&K Investment Management — Small/Mid Cap Equity Strategy, Wrap
International or Global Manager (One Winner)
Thomas White International Ltd. — International ADR
Harding Loevner — Global Equity ADR
Taxable or Tax-Exempt Fixed Income Manager (One Winner)
GW&K Investment Management — Enhanced Core Bond Strategy
Tom Johnson Investment Management — Intermediate Fixed Income
For more information about Envestnet, please contact Jami Schlicher at 973-850-7309 or email@example.com.
ABOUT ENVESTNET (NYSE: ENV)
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and simplify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent and fully-aligned standard of care, and empower advisors to deliver better results.
Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software.
For more information on Envestnet, please visit www.envestnet.com.
Jami Schlicher, JCPR
SOURCE Envestnet, Inc.
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