NEW YORK, July 25, 2017 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (NASDAQ:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager driven by research and technology, today announced WisdomTree's model portfolios will now be available on the Envestnet Wealth Management platform. Envestnet, Inc. (NYSE:ENV) is the leading provider of intelligent systems for wealth management and financial wellness.
WisdomTree's model portfolios utilize proven WisdomTree and non-WisdomTree ETFs in order to provide investors with alpha generating strategies in a cost-efficient manner. Outside of strategist fees, the underlying expense ratios for the model portfolios begin at 0.10%.
"We are pleased to be working with Envestnet to add WisdomTree's model portfolios into its wealth management platform. Through the platform, advisors and ultimately their clients, will now have access to WisdomTree's unique model portfolios which incorporate both asset allocation and ETF selection, further demonstrating our commitment to innovation," said Luciano Siracusano, WisdomTree's Chief Investment Strategist.
"We are delighted to be the premiere platform to launch WisdomTree's model portfolios," Estee Jimerson, Managing Director, Head of Asset Manager Distribution and Engagement at Envestnet. "As of June 30, 2017, our network services more than 55,000 advisors, almost 6 million investor accounts, and over $1.1 trillion in total platform assets."
"From a technology standpoint, we are providing the tools and guidance advisors need to operate an efficient practice and empower their clients. The expansion of our platform to include WisdomTree's model portfolios further demonstrates our central mission—helping financial advisors deliver high-quality, personalized, and holistic wealth management services in the most cost- and tax-efficient way possible," Jimerson continued.
WisdomTree Investments, Inc., through its subsidiaries in the U.S., Europe, Japan and Canada (collectively, "WisdomTree"), is an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $45.5 billion in assets under management globally. For more information, visit our Investor Relations website.
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.
Envestnet, Inc. (NYSE:ENV) is the leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.
More than 55,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences and help drive better outcomes for enterprises, advisors and their clients.
WisdomTree Contact Information Media Relations WisdomTree Investments, Inc. Jessica Zaloom / Kylie Scott +1.917.267.3735 / +1.917.267.3860 firstname.lastname@example.org / email@example.com Investor Relations WisdomTree Investments, Inc. Jason Weyeneth, CFA +1.917.267.3858 firstname.lastname@example.org