AUSTIN, Texas, May 2, 2019 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) and Investment Advisor magazine announced the winners of the 15^th Annual Envestnet | PMC & Investment Advisor Asset Manager Awards yesterday during the 2019 Envestnet Advisor Summit, currently taking place at the Austin Convention Center (https://www.envestnet.com/advisorsummit/).

Chosen from a highly competitive field, the winning asset managers from seven categories were presented with their awards on the first day of the Summit. Frontier Asset Management was selected from among the category winners as the overall Manager of the Year, an elite honor given to firms that exemplify investment management excellence.

"We extend our congratulations to Frontier and the other winners who are truly raising the bar for managers in their respective categories," said Tim Clift, Chief Investment Strategist of Envestnet | PMC (http://www.investpmc.com), Envestnet's Portfolio Management Consultants group. "The strategies and products from this year's award winners exemplify sound, forward-looking investment management, particularly in the volatile market we've seen, and they further demonstrate that active management shines."

The 2019 winners are:

U.S. Large-Cap Equity

• Brown Advisory — Large Cap Growth
• Federated Investors — Strategic Value Dividend

U.S. Small- and Mid-Cap Equity

• Baird Investment Management — Mid Cap Growth
• Copeland Capital Management — Small Cap Dividend Growth

International/Global Equity

• WCM Investment Management—Focused Growth International ADR

Liquid Alternative

• Westchester Capital Management—Merger Fund

Taxable or Tax-exempt Fixed Income

• Segall Bryant & Hamill — Short-Term Taxable Bond

Impact Investing

• Trillium Asset Management—All Cap Core Strategy

Fund Strategist Portfolio

• Frontier Asset Management—Fund Strategist Model

Manager of the Year

• Frontier Asset Management—Fund Strategist Model

The award finalists and winners were chosen from hundreds of best-in-breed performers for each class, which includes alternatives as a new strategy category this year due to its growing importance as market volatility rises. Envestnet | PMC analysts research and evaluate managers using a systematic, proprietary and multi-factor evaluation methodology that considers a number of metrics: performance, firm profile, customer service, investment process and style, composite, tax efficiency and other quantitative and qualitative criteria.

"It is an honor to partner with Envestnet in recognizing the winners of this year's Asset Manager and Strategist of the Year Awards," said Janet Levaux, Editor-in-Chief of Investment Advisor. "The advisors who read our magazine and ThinkAdvisor.com have access to a large number of investment products and strategies. Hearing from the best in the industry is highly beneficial -- both to them and their clients -- as they create, select and review portfolio holdings. "

To be eligible for a Manager and Strategist of the Year Award, a manager must have at least $200 million in assets, be broadly available on the Envestnet platform and be open to new investors. A minimum three-year tenure is also required by the lead manager. 

All of the award recipients will be featured in the July 2019 issue of Investment Advisor.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives.

Envestnet Wealth Solutions enables enterprises and advisors to better manage client outcomes and strengthen their practices through its leading Wealth Management Operating System and advanced portfolio solutions. Envestnet Tamarac provides portfolio management, reporting, trading, rebalancing and client portal solutions for registered independent advisors (RIAs). Envestnet Data & Analytics enables innovation and insights through its Envestnet | Yodlee financial data aggregation platform.

More than 3,500 enterprises and over 96,000 advisors including: 16 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisors, and hundreds of Internet services companies leverage Envestnet technology and services.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

About Investment Advisor and the Investment Advisor Group
With a circulation of 120,000 Investment Advisor is now in its 39th year of serving independent and independent-minded investment advisors and financial planners across the United States through its monthly magazine and online at ThinkAdvisor.com. The Investment Advisor Group of ALM consistently produces the premier digital and print news, analysis and resources that the community of professional financial advice-givers needs to serve clients, stay compliant and maximize growth.

About ALM
ALM, an information and intelligence company, provides customers with critical news, data, analysis, marketing solutions and events to successfully manage the business of business. ALM serves a community of over 6 million business professionals seeking to discover, connect and compete in highly complex industries. Please visit www.alm.com for more information, and visit www.alm.com/events/ to learn about our upcoming events. Please follow us on Twitter at @ALMMedia.

Disclosure

Nothing contained in this release is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion or endorsement regarding the appropriateness of any investment or investment manager, nor a solicitation of any type. Envestnet disclaims all warranties, express or implied, including, without limitation, warranties of merchantability or fitness for a particular purpose, title, non-infringement or compatibility.

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SOURCE Envestnet, Inc.