Envestnet Unveils Sustainability Product for Advisers

Chicago-based Envestnet has unveiled the Envestnet Sustainability Platform that integrates three major components to incorporate the tenets of sustainability into the process of constructing client portfolios.

An Envestnet news release said advisers will have access to a Sustainable Unified Managed Account (UMA), a selection of sustainable portfolios and a two-tiered SRI overlay screening to traditional equity managers. To help in the sustainability effort, the company has partnered with Veris Wealth Partners and KLD Research & Analytics (KLD) that will provide the analytics, research and screening to the equity managers involved in the offering.

Also a part of the updated Envestnet platform is a refreshed marketing initiative that involves an expanded product set, a new look and feel for the firm’s marketing materials, enhanced content for adviser-based sales support tools, and a new Web site (envestnetadvisor.com) that is dedicated to serving the adviser community.

“Our core philosophies haven’t changed, but we have improved the way we deliver our services to the financial professional,’ said Bill Crager, President of Envestnet Asset Management, in the news release. “We have improved the technology interface that advisers use to access our platform, and we have expanded the programs that serve and inform our user base.’

Envestnet provides wealth advisory solutions to more than 10,000 financial advisers.