Envestnet Fiduciary Advantage™

Fiduciary protection | Flexibility to create custom Investment line-ups | Freedom to focus on business

Envestnet Fiduciary Advantage™ is a flexible, single-source solution for retirement plan advisors and their plan sponsor clients, offering a customized and portable 3(21) and 3(38) outsourced fiduciary service.


Envestnet Fiduciary Advantage™

Fiduciary Protection to Support Plan Goals

Envestnet Retirement Solutions delivers independent and innovative fiduciary services to the broad spectrum of retirement plan sponsors. Powered by leading technology, institutional-caliber research, and a dedicated and experienced staff, ERS can provide either investment management or advice on selection, monitoring, and reporting. The ERS SCORE™ Methodology - is a strict set of standards and a systematic process plan sponsors can rely on to meet their fiduciary responsibilities in an easy-tomanage way.


Comprehensive Services

  • Ease of adding fiduciary protection without making unnecessary changes to investment lineup
  • Integration with the plan’s current retirement provider
  • Recommended investment lineups with corresponding research reporting
  • Ongoing and rigorous investment monitoring
  • Quarterly monitoring reports

Roles and Responsibilities

Fiduciary Roles   Responsibilities
Without Fiduciary Support
Envestnet Fiduciary Advantage™ 3(21) Advice
Envestnet Fiduciary Advantage™ 3(38) Delegation
Provider Search & Selection (Trustee, Investment Manager and Recordkeeper)
Plan Advisor & Sponsor
Plan Advisor & Sponsor
Plan Advisor & Sponsor
Plan Design
Plan Advisor & Sponsor
Plan Advisor & Sponsor
Plan Advisor & Sponsor
Creation of Investment Policy Statement
Plan Advisor & Sponsor
Plan Advisor, Sponsor and ERS
ERS
Investment Menu
Plan Sponsor
Plan Sponsor & ERS
ERS
Ongoing Investment Monitoring and Changes
Plan Sponsor
Plan Sponsor & ERS
ERS
Service Provider Monitoring (Trustee, Investment Manager, and Recordkeeper)
Plan Advisor & Sponsor
Plan Advisor & Sponsor
Plan Advisor & Sponsor
Fiduciary Responsibility
Plan Sponsor
Plan Sponsor & ERS
ERS

ERS SCORE™ Methodology: Investment Monitoring Process

ERS utilizes a strict set of standards and a systematic process for investment selection and monitoring.


ERS SCORE™ Methodology: Investment Selection Process

The proprietary ERS SCORE™ Methodology is used to evaluate all plan Designated Investment Alternatives (DIA) in each peer group used for Envestnet Fiduciary Advantage™. The ERS SCORE™ Methodology’s performance results are continually vetted and refined. We place a premium on managers with the following characteristics*:

  • Effective and consistent risk control
  • Efficient risk-return profile
  • Reasonable fee structure
  • Stability

 

*As of September 30, 2016. Weightings subject to change.
Interested in taking a look at ERS?