Award-Winning Asset Managers, Strategists & Essential Advisors Recognized During Envestnet Advisor Summit On-Demand

Rhea-AI Summary

Envestnet, Inc. (NYSE: ENV) announced the winners of the 2020 Asset Manager and Strategist of the Year Awards at the Envestnet Advisor Summit On-Demand. This year's awards recognized portfolio managers who exemplify best practices in investment management. T. Rowe Price Investment Management was honored as the Manager of the Year. The selection process involved a multi-factor methodology assessing performance, tax efficiency, and client service. The Essential Advisor Awards were also presented, celebrating four financial advisors demonstrating key values in client service.

Positive

• Recognition of high-conviction portfolio managers enhances Envestnet's market reputation.
• Collaboration with Investment Advisor magazine attracts industry attention and validates Envestnet's methodologies.

Negative

• None.

CHICAGO, June 25, 2020 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) and Investment Advisor magazine announced the winners of the 2020 Asset Manager and Strategist of the Year Awards during the digital presentation of the Envestnet Advisor Summit On-Demand (https://envadvisorsummit.com/).  

Now in their 16^th year, the Asset Manager and Strategist of the Year Awards recognize high-conviction portfolio managers that embody investment management best practices. In addition to the winners in the seven categories, T. Rowe Price Investment Management was chosen from among the honorees as the overall Manager of the Year, a special award honoring firms that symbolize excellence in investment management. All award recipients will be featured in the July 2020 issue of Investment Advisor.

As in previous years, the winners in each category were selected from thousands of portfolio managers using the systematic, proprietary, and multi-factor methodology developed by Envestnet's Portfolio Management Consultants group, Envestnet | PMC (https://www.investpmc.com). The extensive qualitative and quantitative criteria taken into consideration include firm profile, performance, tax efficiency, investment process and style, composite, and customer service.

"Giving advisors a clear idea of what to look for when evaluating active managers is key to helping them improve outcomes for their clients," said Tim Clift, Chief Investment Strategist of Envestnet | PMC. "In partnership with Investment Advisor, we are providing industry intelligence that empowers advisors to identify top-performing managers whose strategies can potentially bring their clients closer to achieving overall financial wellness."

To be eligible for an Asset Manager and Strategist of the Year Award, managers must have at least $200 million in assets under management and three years of experience. Managers' strategies must also be broadly available on the Envestnet platform, and open to new investors.

"We congratulate the winners of this year's Asset Manager and Strategist of the Year Awards for outstanding performance and commitment to investors," said Janet Levaux, Editor-in-Chief of Investment Advisor. "They serve as role models for others in the investment management industry, and we are proud to work with Envestnet to recognize them for the best practices they consistently exemplify."

In addition, Envestnet announced the winners of the fourth annual Essential Advisor^™ Awards during the Advisor Summit On-Demand. These awards recognize four advisors who embody the values outlined in The Essential Advisor (https://www.envestnet.com/essentialadvisor). 

This year's Essential Advisor^™ Award winners are:

• Garret S. Wong, ChFC^®, Financial Advisor, Ameriprise—Anchorage, Alaska
• Emmy Mastel and Jeff Benson, Financial Planners, Prudential Advisors—St. Louis Park, Minn.
• Martin James, CPA/PFS, President, Martin James, CPA, PC and Managing Member, Martin James Investment & Tax Management, LLC—Mooresville, Ind.

The 2020 Asset Manager and Strategist of the Year Award winners are:

Large Cap Equity

Brown Advisory—Large Cap Growth
Parnassus Investments—Core Equity Fund

Small/SMID/Mid Cap

• Mid Cap
  Wells Fargo Asset Management—Special Mid Cap Value
  
  
• Small and SMID
  The London Co.—SMID Managed Account Strategy

Global, International, and Emerging Market

ClearBridge Investments—International Growth ADR SMA

Fixed Income

T. Rowe Price Investment Management—Bank Loan Strategy

Impact

Breckinridge Capital Advisors—Intermediate Sustainable Tax Efficient SMA

Liquid Alternatives

Eaton Vance—Global Macro Absolute Return Strategy

Strategist

Capital Group—American Funds Core Models

About Envestnet

Envestnet, Inc. (NYSE: ENV) is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone. Over 103,000 advisors across more than 4,900 companies including 16 of the 20 largest U.S. banks, 46 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs, and hundreds of FinTech companies, leverage the Envestnet platform to grow their businesses and client relationships.

For more information on Envestnet, please visit www.envestnet.com, subscribe to our blog, and follow us on Twitter (@ENVintel) and LinkedIn.

About Investment Advisor and the Investment Advisor Group

With a qualified circulation of 80,000, Investment Advisor is now in its 40^th year of serving independent and independent-minded investment advisors and financial planners across the U.S. through its monthly magazine and online at ThinkAdvisor.com. The Investment Advisor Group of ALM consistently produces the premier digital and print news, analysis and resources that the community of professional financial advice-givers needs to serve clients, stay compliant and maximize growth. For more information about Investment Advisor and ThinkAdvisor, click here.

About ALM

ALM is the leading business-to-business information and intelligence media company serving the legal, financial services, benefits, consulting, property and casualty insurance, and commercial real estate industries. ALM serves a community of more than 6 million business professionals via 30+ media brands, 65+ global events, and more than 250 research and intelligence resources. Please visit www.alm.com for more information. Please follow us on Twitter at @ALMMedia.

Investment Advisor and Envestnet are separate and unaffiliated entities, and are not responsible for each other's services or policies. This release should not be construed as a recommendation or endorsement of any particular product, service, or firm.

Media Contact

Dana Taormina
JConnelly for Envestnet
973.850.7305
envestnetpr@jconnelly.com

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SOURCE Envestnet, Inc.

FAQ

What are the 2020 Asset Manager and Strategist of the Year Awards?

These awards recognize top portfolio managers demonstrating best practices in investment management.

Who were the winners of the 2020 Asset Manager and Strategist of the Year Awards?

Winners include Brown Advisory, Wells Fargo Asset Management, and ClearBridge Investments among others.

Who was named the Manager of the Year in 2020?

T. Rowe Price Investment Management received the Manager of the Year award for outstanding performance.

What criteria were used to select the award winners?

Winners were chosen based on performance, tax efficiency, investment process, and customer service.

How does Envestnet support financial advisors?

Envestnet provides innovative technology and solutions to empower over 103,000 advisors.