Envestnet | PMC (PMC), the portfolio consulting group of Envestnet, has launched Liquid Endowment Portfolios (LEP), a new series of multi-manager portfolios.
The LEP series is part of PMC’s Guided Portfolios Program, a selection of portfolios that combine diverse investment vehicles into one account in a unified managed account (UMA) format, with transparency and no hidden fees.
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LEP consist of a mix of exchange-traded funds, mutual funds, separately managed accounts and fund strategist portfolios, and will be offered at four asset tiers starting at $35,000.
As one of the first offerings in Envestnet | PMC’s new Guided Portfolios Program, LEPs combine strategic asset class allocations, tactical managers and liquid alternative investment strategies in an effort to enhance diversification in portfolios, claims Envestnet.
Envestnet, which develops unified wealth management technology and services, says that the LEP series will use the latest thinking on asset allocation to combine asset classes as well as strategic, tactical, and alternative strategies.
Jim Patrick, executive vice president of advisor managed programs at Envestnet, said: "We have worked extensively with thousands of individual advisors and found that they want our best thinking matched with our best technology to help them manage clients’ portfolios consistently.
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By GlobalData"In our Guided Portfolios Program, we have taken our full suite of UMA capabilities and paired it with our highly refined asset allocation and manager selection processes. The result is a fully integrated investment solution that scales to meet a wide range of client needs and helps advisors simplify their investment management tasks."
