Products September 18, 2007

Envestnet Partners to Offer Managed Accounts to DC Market

Wealth management solutions provider Envestnet Asset Management is partnering with Business Logic Corporation, a financial software provider, to offer a unified retirement solution for retirement plan providers, financial advisers, and sponsors.
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By integrating this new automated managed accounts solution with the existing adviser platform, Envestnet can offer plan providers, plan sponsors and advisers a product designed to serve the broad range of investors who have defined-contribution plans, according to a press release.

The company said the Envestnet Unified Retirement Platform offers plan providers onsite and ASP access, with features including:

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  • turnkey managed accounts for defined contribution plans using existing investment options that include both accumulation and spend-down phases;
  • tools that broaden planning capabilities for defined contribution participants;
  • adviser tools that generate proposals, execute investment transactions and monitor performance;
  • the ability to attract outside assets and build retention plans for retirees;
  • holistic participant financial plans that consider advice methodology, outside assets and other personal data;
  • for non-defined contribution assets, the Envestnet adviser platform can also be customized with investment options offered by the provider and its advisers, as well as the complete Envestnet investment network; and
  • options to create alliances with outside financial advisers who can manage participant assets.

For more information, see www.envestnet.com.

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