SEAL BEACH, Calif., June 27, 2013 /PRNewswire/ -- SaveDaily.com, Inc. (OTCBB: SAVY), a registered investment advisor (dba SAVY Investing), has teamed up with Envestnet, Inc. (NYSE: ENV) to add 12 new institutional-caliber model portfolios to its retail offerings. The new models are available to financial advisors on the Envestnet Management Portal. The SAVY Risk Managed Strategy model portfolios are based entirely on The Milliman Risk Managed Strategy® and are sub-advised by Milliman Financial Risk Management, LLC.
The 12 active Exchange Traded Funds ("ETFs") and mutual fund portfolios, which are found on the Envestnet website under the Mutual Funds and Exchange Trade Fund Portfolios tab, are designed to provide strong, relative returns in all market environments utilizing Milliman's tactical/quantitative asset allocation investment methodology to help investors protect asset growth during bull markets and defend them against major losses during market turndowns.
"Many retail investors that use wrap-fee programs offered by financial institutions are looking for ways to limit volatility in their portfolios and act in a timely manner to adjust their investment portfolios' asset allocation," said Greg Vacca, SaveDaily's president. We believe this can best be achieved by using model portfolios of mutual funds or ETFs advised by a sub-advisor that specializes in this management style."
"We have found Envestnet to be a very robust platform that supports both the investment adviser representatives and the complex model portfolios that SAVY Investing manages," said Richard Starr, SAVY Portfolio Manager. "Envestnet's personnel have an impressive depth of knowledge not only of their platform and the technology, but also of the advisory business and the many parts that make it all function."
About SaveDaily SaveDaily.com, Inc. (OTCBB: SAVY) is a leading provider of private label platform services that enable banks, brokerages and non-traditional financial service providers to profitably offer high-end financial services to anyone, regardless of income, account size, or activity levels. The company offers investments and record-keeping services to its intermediary partners as well as directly to clients through a variety of white-labeled interfaces. SaveDaily owns its proprietary financial services platform, which has been in production for about three years, to help financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors. SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients. SaveDaily.com, Inc. is headquartered in Seal Beach, California, and is a Registered Investment Advisor with the Securities and Exchange Commission. For more information, visit www.savedaily.com.
About Envestnet Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Its 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, objective, independent and fully-aligned standard of care, and empower advisors to deliver better results.
About Milliman Milliman, Inc. is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property and casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Milliman Financial Risk Management, LLC, a wholly-owned subsidiary, provides risk management solutions to its global clients. For further information, visit www.milliman.com.
Forward Looking Statements This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by SaveDaily may not proceed as contemplated, and by all other matters specified in SaveDaily's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. SaveDaily does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the SaveDaily's filings with the Securities and Exchange Commission, including its recent periodic reports.
Company Contact: Gregory Vacca, President SaveDaily Inc. (562) 795-7500 firstname.lastname@example.org
Media Contact: Krush Creative Group Katherine Hills 949.753.9069 Kathy@krushcreative.com
SOURCE SaveDaily, Inc.