Envestnet Retirement Solutions, LLC
Assets Under Management
$14.5B
Number of Clients
4,663
Number of Advisors
4
Average Client AUM
$3.1M
AUM per Advisor
$3.6B
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Envestnet Retirement Solutions (ERS) offers investment management and advisory services to retirement plan sponsors for employer-sponsored benefit plans and provides non-discretionary investment advice to third-party registered investment advisers (RIAs). ERS acts as a 3(21) non-discretionary advisor or a 3(38) investment manager for ERISA plans. ERS also provides custom asset allocation services and sub-advisory investment management services to Collective Investment Trusts (CITs).
Fee Structure
Fees for investment advisory services vary based on the services provided and are typically a percentage of plan assets. The standard fee schedules are listed, but lower fees may be negotiated based on factors like asset size and complexity. A minimum annual fee up to $2,000 can be assessed, which are paid to ERS by the Plan Sponsor. These fees do not include charges associated with securities transactions or fees charged by the Plan’s Advisor and Recordkeeper.
Areas of Practice
Location
150 North Riverside Plaza , Suite 2050, Chicago, IL, 60606