CHICAGO, March 2, 2016 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) has won the 2016 Private Asset Management Award for Best New Product for High-Net-Worth Advisory, in recognition of the Quantitative Portfolios (QPs) that the firm introduced last year.

Now in their sixth year, the Private Asset Management Awards recognize those who have provided exceptional client service to high-net-worth individuals during the previous 12 months. Brandon Thomas, Co-Founder and Chief Investment Officer of Envestnet | PMC, accepted Envestnet's award at a ceremony in New York City on February 22, 2016.

"We developed our Quantitative Portfolios to help advisors take their clients' portfolios 'beyond beta' in a cost-effective manner," said Jud Bergman, Chairman and CEO of Envestnet. "We are grateful and humbled that our industry peers have recognized the QPs' potential to improve after-tax and risk-adjusted returns for results-driven clients."

QPs, managed by Envestnet | PMC, are a suite of asset-class-specific investments combining the benefits of traditional index-based products with the greater control and customization offered by managed accounts. The Market Series portfolios provide low-cost access to important market segments coupled with opportunities for customization and tax management. The Factor-Enhanced Series portfolios seek to provide excess returns through increased exposure to various factors, including value and momentum.

To learn more about QPs, visit www.investpmc.com/QP.

About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.

Envestnet's Advisor Suite^® software empowers financial advisors to better manage client outcomes and strengthen their practices. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC^®. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software.

Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 950 companies, including 12 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel (https://twitter.com/envintel).

Logo - https://photos.prnewswire.com/prnh/20110321/NY68085LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/envestnet-wins-2016-private-asset-management-award-for-best-new-product-for-hnw-advisory-300229355.html

SOURCE Envestnet, Inc.