Market Overview

Envestnet Empowers Advisors To Expand Client Base With The Launch Of Envestnet WealthBuilder


Practical, Low-Minimum Solution Lets Advisors Offer Access to Best of Breed Managers

CHICAGO, Nov. 27, 2012 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV), a leading provider of technology-enabled wealth management solutions for investment advisors, has announced the launch of Envestnet WealthBuilder, a new program designed to offer low-minimum investment accounts for advisors to target the emerging affluent and deepen their multi-generation client base. With the implementation of this practical and economical solution, Envestnet now offers one of the lowest investment minimums in the industry for access to managed accounts and enhances advisors' abilities to take a holistic approach to multi-generational investing.  

Many advisors have sought a low-minimum account option to attract new clients who may be just starting out on their wealth-building plan and are only beginning to accumulate investable assets. There are also advisors who need professionally managed products they can use with relatives of their existing clients in order to engage in multi-generational investing. Through Envestnet WealthBuilder, a broader group of investors can now gain access to diversified, managed portfolios of ETFs and mutual funds with exposure to almost every sector and industry, as well as fixed-income strategies, international indices, commodities and even currencies.

"Envestnet WealthBuilder is the first program of its kind for advisors," said Brian Lewis, Senior Vice President, Strategic Partnerships, Envestnet.  "The lower asset threshold finally allows advisors the opportunity to provide outsourced, diversified investment management to their clients for as little as a $10,000 investment. While some firms that have dropped their minimums to $25,000, this level of access has never been available before."

The Envestnet WealthBuilder program offers four product suites from some of the most respected names in the managed accounts space:  Russell Investments, Wilshire Associates, Vanguard and Envestnet│ PMC.

The available portfolios and strategies include:

  • Russell Model Strategies: 10 globally diversified, asset-allocated portfolios (five core and five tax-managed) aimed at addressing wide-ranging investment needs, including risk tolerance and tax sensitivities.
  • Wilshire Allocation Builder Portfolios: Five strategic asset-allocation portfolios designed to provide diversified exposure to important global opportunities and high quality managers.
  • Vanguard Core Portfolios: Six ETF-based models (conservative growth, aggressive growth and two each of moderate growth and capital preservation) made up of broadly diversified, low-cost Vanguard exchange-traded funds.
  • The PMC Select Portfolios: Seven portfolios available across the risk frontier in both strategic & dynamic styles, with an optional dynamic overlay available at no extra charge.

"Beyond the ability to expand their client base, advisors using the WealthBuilder program can access leading institutional-caliber investment managers and risk management tools, capitalize on the experience and expertise of investment professionals, provide clients with ongoing communications from managers and maximize tax-efficient strategies," said Lewis. "In addition, advisors can also reap the benefits of Envestnet's industry-leading practice management resources, economic commentaries, presentations, investment proposals, quarterly reports and market research in order to make the most informed decisions for their clients."

To help advisors expand their existing client base and provide multi-generational investing services, WealthBuilder allows advisors to make professionally managed portfolios accessible to a broader group of investors, including younger investors looking to begin their retirement savings, parents setting up accounts for children, college accounts, friends and family of existing clients as well as IRAs and UTMAs.  

Envestnet, Inc. (NYSE: ENV) is a leading provider of technology-enabled wealth management solutions to investment advisors. Envestnet's Advisor Suite® software empowers advisors to better manage client outcomes and strengthen their practice. Envestnet offers advanced portfolio solutions through its Portfolio Management Consultants Group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software. Envestnet | Prima provides institutional-quality research and due diligence on investment and fund managers. Envestnet | Vantage™ gives advisors an in-depth view of clients' investments, empowering them to give holistic, personalized advice.

For more information on Envestnet, please visit  

Jami Schlicher, JCPR
(973) 850-7309

SOURCE Envestnet, Inc.

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