Award Recognition Comes as Envestnet –the
Industry's Leading Connected Wealth Management Platform –
Celebrates 25 Years of Empowering Advisors to Deliver Holistic
Financial Advice
BERWYN,
Pa., March 8, 2024 /PRNewswire/ -- Envestnet |
PMC announced today that it has won a WSR Wealth Exemplar Award for
Asset Management Platform of the Year. This award recognizes
companies with a significant presence in the wealth management
industry that operate as third-party asset managers and serve B2B
wealth management platforms.
With almost $347 billion on its
platform¹, Envestnet | PMC holds an "advisor to the advisor"
philosophy, providing a range of services under the three primary
categories of research, consulting and portfolios.
"We are honored to receive the Asset Management Platform of the
Year Award from Wealth Solutions Report," said Dana
D'Auria, Co-Chief Investment Officer and Group President,
Solutions, Envestnet. "Envestnet delivers a leading Wealth
Management Platform, serving more independent assets, financial
advisors, and accounts than anyone in the marketplace. This
recognition underscores our unwavering dedication to driving growth
for financial advisors through innovative solutions, robust
research, and comprehensive support. We are grateful to our clients
and partners for their continued trust and collaboration."
The highly selective awards program led by Wealth Solution
Report – a fast-growing digital media platform featuring
insights, analysis and news for the wealth management space –
honors enterprises and executives who have contributed to the
wealth management industry on an exemplary basis, while recognizing
significant transactions that both reflect and shape industry-wide
trends.
Larry Roth, CEO of Wealth
Solutions Report and Finetric Media, said, "I am excited to once
again honor outstanding firms that have demonstrated achievement
and contributed greatly to the wealth management industry. Our
dedicated team of seasoned editorial and research analyst
professionals poured a tremendous amount of thought and
deliberation into the selection process, and we are proud to
announce a group of winners that includes Envestnet | PMC as our
Asset Management Platform of the Year."
As Envestnet's portfolio consulting group, Envestnet | PMC has
over 100 investment professionals and has researched over 5,000
strategies across an array of investments including separately
managed accounts (SMAs), mutual funds, ETFs and alternative
investments. With a focus on empowering advisors to deepen
relationships with their clients, Envestnet | PMC presents its own
models and portfolios alongside those of hundreds of other asset
managers.
About Envestnet
Envestnet is helping to lead the growth of wealth managers and
transforming the way financial advice is delivered through its
ecosystem of connected technology, advanced insights, and
comprehensive solutions – backed by industry-leading service and
support. Serving the wealth management industry for 25 years with
more than $5.8 trillion in platform
assets—more than 108,000 advisors, 16 of the 20 largest U.S. banks,
48 of the 50 largest wealth management and brokerage firms, more
than 500 of the largest RIAs -- thousands of companies, depend on
Envestnet technology and services to help drive business growth and
productivity, and better outcomes for their clients. Data as of
12/31/2023.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For a deeper
dive into how Envestnet is shaping the future of financial advice,
visit www.envestnet.com. Stay connected with us for the latest
updates and insights on LinkedIn and X (@ENVintel).
Disclosure: The Asset Management Platform of the Year is
awarded to the top three firms with a significant presence in the
wealth management industry, who operate as third-party asset
managers and serve B2B wealth management platforms. Only firms with
a minimum asset level of $10 billion
were considered by the Wealth Solutions Report judging panel.
Neither Envestnet nor its affiliates paid any fees to be
considered and this award is not indicative of Envestnet PMC's
future performance. The award was granted in January 2024 with evaluation based on the
previous calendar year.
¹ Envestnet Form ADV Part 2A, Envestnet Asset Management, Inc.
January 24, 2024
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SOURCE Envestnet