CHICAGO, May 3, 2013 /PRNewswire/ -- Envestnet Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to investment advisors, announced  a new capability, Envestnet Intelligence, which provides advisors with innovative capabilities for delivering fiduciary-level investment advice.  The announcement was part of "The 2013 Envestnet Advisor Summit: A New Perspective."

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Envestnet Intelligence is the latest embodiment of Envestnet's commitment to solving advisors' need for enhanced infrastructure and services that will empower them to  meet the increasingly high standards of client-centered service. This latest offering incorporates advanced business and advisory analytics; guidance and investments for goal-based asset allocation; overlay services; timely news and analysis, and customized reporting across multiple accounts for each of the advisor's clients.

"Envestnet Intelligence will provide advisors with better information, better implementation of holistic investment strategies, and better intelligence about portfolio dynamics and performance," explained Bill Crager, President, Envestnet. "This initiative brings advisors open architecture-based asset allocation expertise, investments and support so they can implement scalable and consistent strategies across their entire client base and multiple accounts in a much more efficient manner."

In addition to introducing advisors to new Envestnet solutions such as Envestnet Intelligence and offering insights into opportunities in untapped markets like foundations and endowments, the 2013 Envestnet Advisor Summit, held at the Hyatt Regency Chicago, provided advisors, investment strategists, wealth managers and technology providers with an unparalleled chance to discuss best practices for advisory firms and portfolio construction strategies. The final day of the Summit was highlighted by a presentation that addressed the future of the wealth management industry by Sallie Krawcheck, past president of Merrill Lynch.

"The Advisor Summit brought together many of the best minds from across the industry to offer insights and share best practices to address and overcome the real-world challenges that advisors face in today's tumultuous investing environment," said Judson Bergman, Chairman and Chief Executive Officer, Envestnet. "The goal of the Summit was to help advisors adopt a new perspective and empower them with the tools, resources, education and strategies that allow them to build their practices and realize better ways to manage wealth."

Summit highlights included the presentation of the 2013 Separately Managed Accounts (SMA) Awards and SMA Manager of the Year Awards, and an address on "Business and Management Lessons from Freakonomics and Super Freakonomics," by the best-selling authors of those works, Stephen J. Dubner and Steven D. Levitt, on the opening day, and an address by Milton Ezrati, Senior Economist and Market Strategist, Lord Abbett.   

The 2013 Advisor Summit also offered a wide range of educational sessions conducted by a collection of financial, economic and industry experts on investment and practice management topics including succession planning, the outlook for international equity investing, portfolio construction and rebalancing, liquid alternatives and sustainable investing. In addition to these general interest subjects, advisors also gathered in small groups to learn about enhancements to the Envestnet platform, the robust analytical capabilities of Envestnet|PMC and the sophisticated portfolio rebalancing capabilities of Envestnet|Tamarac.

For more information about Envestnet, please contact Jami Schlicher at 973-850-7309 or jschlicher@jcprinc.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.  

SOURCE Envestnet, Inc.