Putting Concept Into Action
There are several ways to take advantage of these principles when constructing client portfolios on the Envestnet platform. First, Envestnet's Unified Managed Account (UMA) offers advisors the flexibility to combine multiple mutual funds or separate account managers within a given asset class, depending on the entitlements your firm has selected. For advisors who would prefer to not spend time selecting and blending managers on their own, the PMC Manager Blends can offer attractive alternatives constructed and managed by the PMC team. Finally, for more customized solutions, a PMC Investment Consultant can help you construct an optimal solution tailored to your client's specific needs.
Brandon Thomas is chief investment officer of Envestnet, one of the largest providers of wealth management solutions in the industry.