CHICAGO, March 6, 2017 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announced today that the firm has won a 2017 Private Asset Management (PAM) Award for Best Outsourced CIO Solution. The award recognizes high performing investment firms and wealth advisors that are paving the way to offer investment intelligence in key areas to help advisors meet their clients' investment goals.
"We're honored to be recognized by PAM for our innovation, technology advancements and fiduciary services," said James Patrick, Executive Vice President of Advisor Services at Envestnet. "We're passionate about offering a robust investment program vital to wealth management practices of varying sizes and stages of growth, empowering them to fulfill fiduciary requirements."
Envestnet continues to advance its products, services and platforms through technology innovation while meeting fiduciary standards. In 2016, Envestnet further enhanced its capabilities with new offerings, including an Impact Investing Platform to provide responsible investing solutions and overlays, as well as the PMC Portfolio Navigator, which filters more than 1,500 multi-asset class portfolio solutions so advisors can seamlessly select the products and strategists which may best suit their clients. With consistent enhancements being made to its wealth management platform, Envestnet is poised to continue delivering institutional-quality research, due diligence, consulting and investment solutions that empower financial advisors.
The PAM Awards are awarded annually by Private Asset Management, a financial services industry trade publication. Firms are invited to compete for awards and a panel of independent industry experts selects the nominees and winners based on a number of qualitative and quantitative performance indicators. The Best Outsourced CIO Solution PAM Award was recently presented to Envestnet during an awards ceremony in New York City on February 13.
Envestnet, Inc. (NYSE: ENV) is the leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet enables 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. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.
More than 52,000 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.
SOURCE Envestnet, Inc.