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James Patrick, managing director, adviser managed programmes, Envestnet

Envestnet to support NextShares exchange-traded managed funds


Envestnet plans to make NextShares exchange-traded managed funds available to financial advisors through the Envestnet wealth management platform as part of its advisor-as-portfolio-manager tools as well as through Fund Strategist Portfolios (FSPs). 

"Further expanding our FSP platform to include NextShares funds is a great demonstration of what we consider to be our central mission – helping financial advisors deliver high-quality, personalised, and holistic wealth management services in the most cost- and tax-efficient way possible," says Jim Patrick (pictured), Executive Vice President of Envestnet | PMC. 

"As of 30 June, 2015, our network services over 41,000 advisors, almost three million investor accounts, and over USD700 billion in total client assets. We are delighted to play a role in supporting this groundbreaking fund structure."

Envestnet model management tools provide financial advisors with a flexible framework for portfolio construction based on client risk tolerances, including asset allocation, product selection, implementation, monitoring, and rebalancing across multiple investor accounts. Envestnet is working with Navigate Fund Solutions LLC (Navigate) to integrate NextShares into Envestnet's platforms, technology systems, and processes. This will allow for the inclusion of NextShares funds in Envestnet's portfolio model management tools.

"NextShares are a new type of actively managed fund that includes the structural advantages of exchange-traded funds," says Stephen W Clarke, President of Navigate. "We are pleased to partner with Envestnet to incorporate NextShares into its portfolio model management tools, which further demonstrates its commitment to innovation."     

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