CHICAGO, May 16, 2014 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV), a leading provider of integrated wealth management technology and services to investment advisors and wealth managers, and Investment Advisor magazine have announced the winners of the 10^th Annual Separately Managed Account (SMA) Manager of the Year Awards, which honor asset managers who consistently deliver outstanding returns to their clients. The awards were distributed yesterday during the "2014 Envestnet Advisor Summit: The Next Big Idea," currently underway at the Hilton Chicago.

Crystal statuettes were presented to the winning managers in five categories, including the newly established Specialty SMA Manager of the Year category. In addition, Tom Johnson Investment Management was chosen from among the category winners as SMA Manager of the Year, an elite award given to a firm exemplifying investment management excellence.

The winners are:

U.S. Equity Large Cap
Dana Investment Advisors—Large Cap Equity
Robeco Investment Management—Boston Partners Large Cap Value

U.S. Equity Mid, Small or SMID Cap
Glenmede Investment Management—Small Cap Equity
Reinhart Partners—Mid Cap Private Market Value

International or Global Equity
Cambiar Investors LLC—International ADR

Fixed Income
Tom Johnson Investment Management—Intermediate Fixed Income

Specialty
Cushing MLP Asset Management—Cushing MLP Alpha Total Return Strategy

The award recipients will be featured in the July 2014 cover story of Investment Advisor, along with coverage now on ThinkAdvisor.com.

"We congratulate all of the winners and finalists in this year's SMA Manager of the Year Awards program for serving as models of outstanding investment management," said J. Gibson "Gib" Watson III, CIMA^®, Vice Chairman, Envestnet. "By bringing asset managers with stellar strategies and client relationships to the attention of the broader financial services industry for the past 10 years, these awards have helped enrich money management processes sector-wide."

The winners and finalists in each SMA Manager of the Year Award category were determined through Envestnet | PMC^® Premium Research's systematic, proprietary and multi-factor evaluation methodology, which considers qualitative and quantitative criteria such as performance, firm profile, tax efficiency, customer service and investment process and style. To be eligible, managers' products must be reported through the PrimaGuide research application, available from Envestnet | PMC Premium Research. Managers must also have at least three years of tenure and at least $200 million in assets under management within their products to be considered for an award.  

"With the ongoing uncertainty of today's markets, it is all the more impressive for an SMA manager to maintain solid portfolio returns," said Jamie Green, Group Editorial Director, Investment Advisor Group of Summit Professional Networks, which publishes Investment Advisor. "Recognizing best-in-class managers helps advisors access proven approaches they can use to improve their practices and their clients' returns."

To receive additional information about Envestnet | PMC, please visit http://www.investpmc.com/.

ABOUT ENVESTNET (NYSE: ENV)
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 results.

Envestnet's Advisor Suite^® software empowers financial advisors to better manage client outcomes and strengthen their practice. 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.

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SOURCE Envestnet, Inc.