CHICAGO, July 29, 2015 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) continues to earn top wealth management industry awards.

Bill Crager, President of Envestnet, received the Money Management Institute's (MMI) Advisor Solutions Pioneer of the Year Award. MMI's Pioneer Award is given annually to an individual who embodies MMI's mission to serve as an advocate and catalyst for the growth of the managed investment solutions and wealth management sectors. MMI also named Envestnet the Advisory Solutions Technology or Service Provider of the Year.

In addition, Lori Hardwick, Envestnet Group President of Advisor Services, was selected by Private Asset Management as one of the 50 Most Influential Women in Private Wealth. Envestnet won Family Wealth Report's (FWR) Best Outsourcing Solution Award, and Envestnet | Tamarac was one of five finalists in both FWR's Portfolio Management and Client Communications & Reporting categories. Furthermore, Envestnet | PMC Chief Investment Strategist Tim Clift was named one of the 10 Most Important People in ETFs by ETF.com's "ETF Report."

"Digital technology is changing the way advisors and their clients connect and transact, but we believe that, contrary to signaling the end of the financial advisor, it heralds the further empowerment of the financial advisor," said Mr. Crager, who accepted the MMI awards at the Gateway to Leadership Industry Recognition Dinner in Charlotte, NC. "The entire Envestnet team is committed to providing advisors with the tools they need to harness this evolution, and provide the deep engagement their clients have come to expect. We are grateful to receive these accolades honoring our efforts to help advisors adapt to changes in their industry."

Private Asset Management narrowed down its list of the 50 Most Influential Women in Private Wealth, which appeared in the May 2015 issue, using three main criteria—peer recommendations, the amount of responsibility held in current and previous roles, and significant impacts on private wealth management. Ms. Hardwick joined Envestnet shortly after its inception 16 years ago, and has played an influential role in helping to build the firm and its platform. 

"I am humbled to be included among so many impressive role models for women in the private wealth space," said Ms. Hardwick. "At Envestnet, our advisor-centric focus has been the driving force behind our growth through the years, and I am proud to be in a position to ensure advisors remain at the heart of what we do as we continue to grow."

Envestnet received its FWR awards at the publication's Second Annual Awards Dinner, held at New York's Mandarin Oriental Hotel on March 15. The awards are designed to showcase technology providers in the global private banking, wealth management, and trusted advisor communities deemed to have demonstrated innovation and excellence during the previous year by a panel of distinguished judges.  

"This recognition reflects the industry's appreciation for the breadth of capabilities we provide advisors to create a unified wealth management process for serving clients and growing their businesses," said Lincoln Ross, Executive Vice President, Advisory Services, Envestnet, who accepted the awards at the dinner. "We are glad to be acknowledged by prominent members of this industry as a significant force in wealth management."

ETF.com's "ETF Report" selected Mr. Clift as one of the 10 Most Important People in ETFs due in part to his role as a "gatekeeper" advising more than 100 exchange-traded fund (ETF) strategists on Envestnet's open-architecture platform on how to better run their portfolios. Envestnet allows these ETF strategists to market their portfolios to advisors through unified managed accounts and other products.

"Advisors continue to choose ETF strategists as their preferred providers of access to the most promising strategies that the market has to offer," said Mr. Clift. "Envestnet has pioneered research methodologies to help advisors identify the strategies that best fit their clients' needs, and the recognition by ETF.com's 'ETF Report' validates our innovation and thought leadership in this fast-growing area."

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.

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

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SOURCE Envestnet, Inc.