Envestnet offers investment management and advisory services through independent advisors for their clients. They provide a wealth-tech platform with sub-advisory services like Separately Managed Accounts and Unified Managed Accounts. Envestnet also serves institutional clients, offering advisory and research services directly to advisors. Envestnet assists advisors with client needs assessment, investment policy planning, asset allocation, manager selection, performance monitoring, and back-office support.
Fee Structure
Envestnet's fees vary depending on the program and the managers selected. These fees do not include advisor fees, which generally range from 0.80% to 1.10%. Mutual funds and ETFs also have internal operating expenses. When Tax Overlay or Values Overlay Services are used, there is an additional fee of 0.02% - 0.10%.