Envestnet Unveils Fund Strategist Network

Envestnet Retirement Solutions has introduced the ERS Fund Strategist Network, a roster of institutional-grade and boutique strategic and dynamic fund strategists. The platform gives retirement plan advisers access to quality unitized fund strategist portfolios, which are monitored by ERS.

After the strategist assessment is completed, fund strategists in the network submit their models of mutual funds and/or exchange-traded funds (ETFs) to ERS, which facilitates trading and unitization for these portfolios through its model management system. In addition, ERS serves as the 3(38) investment manager on behalf of 401(k) plan sponsors for the fund strategist portfolios available through the platform.

Envestnet has been providing financial advisers with flexible, efficient and scalable access to intellectual capital from more than 60 institutional managers through its Envestnet Fund Strategist Network, and now offers a similar service for retirement plan advisers, says Babu Sivadasan, group president of ERS.

“Given the adoption of the fiduciary standard and prudent investment practices in the retirement industry, we believe the network can help broker/dealers, banks and trusts, and retirement advisers to truly act in the best interests of plan sponsors and participants,” Sivadasan said in a statement.

The ERS model management framework forms the basis of ModelTool(k)it, a modeling and unitization solution for mutual fund- and ETF-based portfolios available through Matrix Financial Solutions, a Broadridge Financial Solutions company. ModelTool(k)it was brought to market in August 2014 through a strategic alliance between ERS and Matrix Financial Solutions, which offers access to the ERS Fund Strategist Network. 

On ERS Fund Strategist Network’s current lineup are: 3D Asset Management, Beaumont Capital Management, CLS Investments, Efficient Market Advisors, Fund Evaluation Group, Horizon Investments, Madison Asset Management, Russell Investments, Sage Advisory and Standard & Poor’s Investment Advisory Services LLC. Additional fund strategists may be approved for inclusion. 

More information about ERS and the ERS Fund Strategist Network is available at the website of Envestnet.