Envestnet Asset Management operates as an investment management firm that provides portfolio management services, investment strategies, and technology tools through independent registered investment advisors. Envestnet offers a wide range of programs including Separately Managed Accounts, Unified Managed Accounts, and third-party strategist portfolios, allowing advisors to build customized investment portfolios for their clients. Envestnet also provides overlay services such as tax management and values-based screening to align portfolios with client preferences. Envestnet primarily delivers its services to clients through their independent financial advisors, though it offers specialized consulting services and platform access to institutional clients as well.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.21% |
Program fees vary by portfolio type, ranging from 0.07% to 1.21% depending on the specific investment strategy selected. Fees do not include advisor fees or underlying fund expenses.