Envestnet Workplace: Fiduciary Solutions

Managing the legal and regulatory requirements of ERISA-qualified retirement plans can take significant time. The Envestnet Fiduciary Advantage™ helps advisors and plan sponsors by outsourcing certain fiduciary obligations and streamlining the investment oversight required, so you can spend more time focused on plan management and outcome

Workplace fudiciary

A closer look at Envestnet Fiduciary Advantage difference

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Integration

Powered by technology that allows us to integrate our solution with any recordkeeper.

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Quarterly reporting

Robust quarterly reporting packages that are specific to each plan.

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Tailored recommendations

Recommendations on your existing investment lineups.

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Flexibility

Flexibility when it comes to the selection of your fund lineup.

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Due diligence

A rigorous due diligence process that uses both qualitative and quantitative research.

Customized solutions to meet your needs

As part of the fiduciary side of our business, we will act as a 3(21) investment advisor, which may educate and recommend options, or as a 3(38) investment manager, which also can select, monitor, and update plan options. The below comparison chart shows the roles and responsibilities of each type of relationship per ERISA. table { table-layout: fixed; border-collapse: collapse; font-size: 85%; width: 100%; margin-top: 27px; } thead { background: #005f9e; color: #fff; } th { text-align: center; } tr td:nth-of-type(1) { font-weight: bold; } tr td:nth-of-type(2), tr td:nth-of-type(3) { text-align: center; color: #005f9e; font-size: 130%; } th, td { padding: 10px 20px; } tbody tr:nth-child(odd) { background-color: #e6e6e6; } td div { font-size: 80%; font-weight: 400; } Fiduciary Responsibility 3(21) Investment Advisor 3(38) Investment Manager May Educate RegardingPlan Investment Options RecommendsPlan Investment Options SelectsPlan Investment Options MonitorsPlan Investment Options UpdatesPlan Investment Options

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Fidiciary overview

Proprietary scoring helps guide investment selection

Our fiduciary solutions are supported by our ERS SCORE™ Methodology, designed to evaluate and monitor investment options in qualified retirement plans. Our Methodology is focused on quantitative and qualitative factors and applies them to the broad universe of investable assets used to evaluate all plan designated investment alternatives.   The ERS SCORE results are continually vetted and refined, placing a premium on managers with the following characteristics: Effective and consistent risk control Efficient risk-return profile Reasonable fee structure Stability

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ERS SCORE Methodology
Our ERS SCORE Methodology Weightings

 

Ranking methodology

To supplement our SCORE process, Envestnet has a proprietary ranking methodology that governs the process we follow when funds need to be replaced in a lineup. This methodology identifies our highest conviction strategies across a broad set of asset classes and results in our ERS Select List. We draw from our Select List and choose our highest conviction product at a given recordkeeper when replacing a fund that no longer meets our SCORE requirements.

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Envestnet Workplace portal

Plan-level models

We offer a series of retirement models—five risk-based models and three target-date suites—both unitized and non-unitized, to retirement plan advisors and plan sponsors. Our unitized models are provided through Matrix and Schwab. Our non-unitized models utilize the recordkeeper to allocate the underlying investments based on the asset allocation supplied by Envestnet.   With our target-date suites, we build portfolios that gradually shift the asset allocation as a client moves closer to retirement. A typical portfolio will include a diversified selection of strategies from various asset classes. Generally, the further from retirement a client is, the more equity exposure will be included. The portfolio shifts to a more conservative allocation as a client moves toward retirement.

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Plan-level models
 
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