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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.
Reported by Adrien Martin
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:
- 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.