Envestnet Wins Three 2018 Family Wealth Report Awards
- Portfolio Management:
Envestnet| Tamarac was honored for the second year in a row for its Tamarac Reporting™ portfolio management, performance reporting, billing and client portal application. The award reflects the continual enhancements made to Tamarac Reporting, including a mobile app for the client portal, customizable dashboard, advanced billing options, integrated financial planning, secure cloud-based document vault, business intelligence reports based on data from thousands of Registered Investment Advisors (RIAs), and the ability to access interactive, dynamic reports and create customizable PDF reports for clients. The award-winning portfolio management application is part of the Tamarac platform, which provides the most comprehensive technology solution for RIAs.
- Innovative Investment Solution of the Year – Quantitative Portfolios (QPs):
Envestnet'saward-winning QPs are a suite of asset-specific investments that combine "beta" investing, the customization of managed accounts and the potential for tax management alpha. Geared toward meeting the needs of clients, Envestnet PMC Market Series QPs track major indexes and offer low-cost access to important market sectors, while the Factor-Enhanced QPs utilize factor exposures to potentially achieve excess risk-adjusted returns.
- Leading Individual, Service Product Provider:
James Lumberg, Co-Founder and Executive Vice President at Envestnet, was recognized for outstanding leadership in the Service Product Provider category. In his role, Lumberg is responsible for leading a team in developing new markets to deploy the Envestnetplatform and wealth advisory services. Among his countless contributions to the firm, he recently spearheaded the creation of a robust Impact Investing platform, which offers diversified investment solutions and overlay that span investor environmental, social and governance (ESG) priorities and preferences.
Now in its fifth year, the Family Wealth Report Awards recognize companies, teams and individuals from the global private banking, wealth management and advisor communities that have demonstrated innovation and excellence during the previous calendar year. An expert panel of judges was drawn from both private banks and trusted advisors/consultants to the sector.
More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage
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