Envestnet Asset Management operates as an investment management firm providing a proprietary wealth-tech platform and various investment programs through independent financial advisors. Envestnet offers discretionary and non-discretionary portfolio management services, including Separately Managed Accounts, Unified Managed Accounts, Quantitative Portfolios, and Third-Party Fund Strategist programs. Envestnet primarily provides sub-advisory and investment platform services to independent financial advisors who work directly with individual and institutional clients. The firm also offers tax overlay services, values-based screening, and proprietary exchange-traded funds. Envestnet manages investments across multiple asset classes and partners with numerous third-party asset managers and model providers to deliver customizable portfolio solutions.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.21% |
Fees vary by program and strategy, ranging from 0.07% up to 1.21% annually based on the selected portfolio type. Fees do not include independent financial advisor fees or underlying fund expenses.