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April 25, 2013 /PRNewswire/ --
Envestnet, Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to investment advisors, is sponsoring the 2013 Separately Managed Account (SMA) Managers of the Year Awards with
Investment Advisor magazine. Winners of the ninth annual SMA Awards will receive their crystal statuettes at "The 2013 Envestnet Advisor Summit: A New Perspective," hosted by Envestnet from
May 1-May 3, 2013 at the Hyatt Regency in downtown
Chicago. The winners will be featured in the
June 2013 issue of
The SMA Awards were established by Prima Capital and
Investment Advisor to honor best-in-class SMA managers. Prima, 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 marks the first occasion that the sponsors will give out an SMA Manager of the Year Award.
"The SMA Manager of the Year Awards are part of a longstanding Prima tradition, and we are proud, under Envestnet's auspices, to continue to work with
Investment Advisor to honor those managers who work extremely hard to manage assets on behalf of their clients," said J. Gibson "Gib"
Watson, III, CIMA
®, Vice Chairman, Envestnet. "These awards serve an important purpose in the market because they draw attention to money managers whose investment processes have consistently deliver above-average results, as determined by our comprehensive due diligence."
Jamie Green, Group Editorial Director, Investment Advisor Group of Summit Business Media, which publishes
Investment Advisor, will present the awards at "The 2013 Envestnet Advisor Summit: A New Perspective." The presentation of the SMA Managers of the Year Awards will take place at every Envestnet Advisor Summit going forward.
In order to qualify for an SMA Manager of the Year Award, a manager's product must report to the PrimaGuide research application, contain at least
$200 million in assets and have management with tenure of at least three years. Candidates are determined through Prima's proprietary, systematic multi-factor manager evaluation methodology, which includes both qualitative and quantitative criteria. Envestnet | Prima analysts consider multiple factors when considering finalists, such as performance, firm, investment process and style, tax efficiency, composite and customer service.
"In a flat-growth, still volatile market, advisors need access to the best money managers on behalf of their clients," said Mr. Green. "We're pleased to meet that need by partnering with Prima for the ninth straight year in identifying and presenting the SMA Managers of the Year in
Investment Advisor and on AdvisorOne."
Besides SMA Manager of the Year, nominees will be selected from the following categories: Large Cap U.S. Equity Manager (two winners); Small, Mid or Small-to-Mid Cap U.S. Equity Manager (two winners); International or Global Manager (one winner); and Taxable or Tax-Exempt Fixed Income Manager (one winner). Besides Mr.
Watson and Mr. Green, the Awards Committee consists of
Clifford W. Stanton, CFA, Chief Research Officer and Portfolio Strategist, Envestnet | PMC, and
John Sullivan, Editor-in-Chief,
"The addition of the SMA Managers of the Year Awards onto the Envestnet platform has been one of many benefits from our acquisition of Prima," said
Bill Crager, President, Envestnet. "We are confident that the presentation of the awards at this year's Envestnet Advisor Summit will serve as the impetus for further fruitful debate over the type of alpha that active managers can contribute over time."
The finalists are: