Envestnet | Retirement Solutions ("ERS") now supports more than $25 billion in assets under advisement through its customized, portable 3(21) and 3(38) outsourced fiduciary service, Envestnet Fiduciary Advantage™.
ERS has also added T. Rowe Price Retirement Plan Services, Inc. to its group of financial institution clients offering access to Envestnet Fiduciary Advantage to deliver fiduciary services and protection to advisors working with retirement plan sponsors.
As of March 31, 2017, ERS supports $25.89 billion in assets under advisement from 13,390 plans—representing a 7.5% growth in assets under advisement, and a 19% increase in plans, quarter over quarter.
More information about Envestnet Fiduciary Advantage is available at: http://envestnetrs.com/fiduciary.
"At a time when many advisors are still adapting to the fee-based business model, our flexible, single-source fiduciary channel empowers advisors working with retirement plan sponsors to deliver advice and solutions that are in every plan participant's best interest," said Babu Sivadasan, President of Envestnet | Retirement Solutions.
"We are grateful that T. Rowe Price and other large institutions provide access to the independent and innovative fiduciary services we offer their advisors' broad spectrum of retirement plan sponsor clients."
Envestnet Fiduciary Advantage can be easily integrated with each plan's current retirement services provider, and offers comprehensive services such as:
- Investment allocation recommendations with corresponding research reports.
- Ongoing and rigorous investment monitoring.
- Quarterly monitoring reports.
Envestnet Fiduciary Advantage is powered by ERS's institutional-caliber research, leading technology, and experienced staff.
ERS utilizes its proprietary ERS SCORE™ Methodology to evaluate and monitor potential investments for retirement plans, placing emphasis on portfolio managers that possess four characteristics—effective and consistent risk control, an efficient risk-return profile, stability, and a reasonable fee structure.
