CHICAGO, May 1, 2013 /PRNewswire/ -- Envestnet Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to investment advisors, recognized managers today who have done exemplary work on behalf of their clients, announcing the winners of the 2013 Separately Managed Account (SMA) Managers of the Year Awards with Investment Advisor magazine at "The 2013 Envestnet Advisor Summit: A New Perspective," which runs May 1-3, 2013 at the Hyatt Regency in Chicago.

Now in their ninth year, the SMA Awards were established by Prima Capital and Investment Advisor to honor best-in-class SMA managers. Prima Capital, a provider of investment manager due diligence, research applications, asset allocation modeling and multi-manager portfolios to the wealth management and retirement industries, was acquired by Envestnet in April 2012 and has aligned its services as Prima Premium Research under Envestnet |PMC, Envestnet's Portfolio Management Consultants group. This year marked the first time the sponsors presented an overall SMA Manager of the Year Award.

"Each of these candidates has undergone a rigorous due diligence review, and emerged as a superior money manager in everything from performance to investment process and style," said J. Gibson "Gib" Watson, III, CIMA^®, Vice Chairman, Envestnet. "We congratulate the winners and hope this recognition will play a role in empowering SMA managers to meet the highest quality standard of service for their clients."

In order to qualify for consideration as an SMA Manager of the Year, a strategy must report to the PrimaGuide research application, contain at least $200 million in assets and have management with tenure of at least three years.

The 2013 SMA Award winners are:

• Large Cap Equity Awards: Wedgewood Partners, Inc. - Large Cap Focused Growth, Robeco Boston Partners - Large Cap Value Equity
• Mid Cap Equity Award: EARNEST Partners - Mid Cap Core
• Small to Mid Cap Equity Award: GW&K Investment Management - Small/Mid Cap Equity Strategy
• International Equity Award: Thomas White International, Ltd. - International ADR
• Fixed Income Award: GW&K Investment Management - Enhanced Core Bond Strategy
• Manager of the Year: Wedgewood Partners, Inc. - Large Cap Focused Growth

A New Perspective
The 2013 Advisor Summit brings together leaders from across the financial industry and advisors from practices around the country to discuss many of the most critical issues advisors face today. The event showcases Envestnet's innovative technology as well as offering breakthrough portfolio and practice management ideas that help empower advisors to achieve greater client success and business growth.

Day One of the Summit opened following the second annual celebration of Women Leaders in Finance. This exclusive event focused on powerful tools and tactics to help women sharpen leadership skills, while offering networking opportunities with other influential women in the financial community. Presentations at the event included, "Creating Your Best Life: A Scientific Approach to Success and Happiness," and "You Are the Expert: Sharing Secrets for a Great Career."

"Building off the success of last year's Women Leaders in Finance event, this year our goals were both to recognize the growing influence women have in this industry, and to provide a forum for them to share their expertise with peers," said Jud Bergman, Chairman and Chief Executive Officer, Envestnet. "This unique event will provide participants with the tools and insights to achieve greater levels of success. It is a dynamic way for us to begin the 2013 Advisor Summit."

After the Women Leaders in Finance event, the Summit officially opened with a presentation by Bergman, as well as Bill Crager, President, Envestnet and Stuart DePina, Group President, Envestnet | Tamarac. Their remarks were followed by a keynote presentation, "Business and Management Lessons from Freakonomics and SuperFreakonomics," featuring the provocative and iconoclastic thinking of authors Stephen J. Dubner and Steven D. Levitt.  

Breakout sessions throughout the day were moderated by members of Envestnet's leadership team, including Sam King, Vice-President, Professional Services, Envestnet|Tamarac; Andina Anderson, Senior Vice President, Client Relations, Envestnet|Tamarac; and Brandon Smith, CAIA, Vice President, Senior Investment Analyst, Envestnet|Prima. These sessions addressed issues concerning Advisor Rebalancing, Advisor Xi integrations, and international investing.

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 simplify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, objective, independent 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.  

Media
Jami Schlicher, JCPR
(973) 850-7309
jschlicher@jcprinc.com

SOURCE Envestnet, Inc.