Envestnet Asset Management provides investment management and advisory services through independent investment advisors for their clients. Envestnet offers sub-advisory services through various programs like Separately Managed Accounts, Unified Managed Accounts, and Third-Party Fund Strategists. Envestnet also provides administrative and technology services, investment research, and due diligence tools to advisors. Envestnet also provides customized services to certain institutional clients, such as banks, charities/foundations and employment retirement plans.
Fee Structure
Envestnet's programs charge a fee that includes investment management, client profiling, asset allocation, research, performance calculations, rebalancing, reporting, and administrative services. The fees do not include advisor fees, which generally range from 0.80% to 1.10%. The program fees also do not include internal operating expenses charged by mutual funds and ETFs. When Tax Overlay or Values Overlay Services are utilized there is an additional fee of 0.02% - 0.10%.