CHICAGO, Oct. 13, 2020
/PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announces that
Envestnet | PMC (PMC) has joined forces with Federated Hermes,
Inc. (NYSE: FHI) to launch the Federated Hermes PMC Impact
Portfolios. This new suite of model portfolios offers access to
environmental, social, and governance (ESG) integrated investment
strategies which can be customized to fit different tolerances for
risk.
The Federated Hermes PMC Impact Portfolios consist of
diversified model portfolios that are aligned with target
allocation strategies across a seven-point risk spectrum. PMC,
Envestnet's Portfolio Management Consultants group, utilizes its
proprietary capital markets assumptions and multi-factor due
diligence process to evaluate and identify high-conviction impact
strategies, and build the Federated Hermes PMC Impact
Portfolios.
Reflecting the ongoing uptick in interest by investors in ESG
strategies and products, the number of advisors utilizing impact
portfolios on the Envestnet platform grew by 12 percent during the
first six months of 2020. Usage of PMC's impact and tax overlay
solutions increased by 16 percent during the same period. The
launch of the Federated Hermes PMC Impact Portfolios is part of
PMC's effort to help advisors meet the rising demand for impact
investing tools among their clients. To learn more, please visit
https://www.investpmc.com/impact.
"Our institutional-level due diligence, research, and portfolio
construction—combined with the well-honed approach to stewardship
developed by the EOS team at Federated Hermes—can provide advisors
with flexible, personalized solutions for obtaining risk-managed
ESG exposure," said Kiley Miller,
Associate Portfolio Manager at Envestnet | PMC. "We look
forward to working with Federated Hermes to enable more investors
to harness impact investing strategies to align their values with
their portfolios, while simultaneously moving closer to financial
wellness."
The PMC Impact Research team's due diligence process includes a
four-factor impact analysis focusing on the incorporation of impact
investing in managers' investment policies, firm structures, and
reports, as well as managers' commitment to active ownership and
engagement with companies on ESG agendas.
"As investor interest in ESG-integrated strategies continues to
rise, it is vital to provide access to these fast-growing areas of
the marketplace while also addressing demand for strong
risk-adjusted returns," said Paul
Uhlman, President of Federated Securities Corp., who
oversees Americas distribution for Federated Hermes. "The Federated
PMC Impact Portfolios combine the ESG-integrated portfolio
management and engagement framework developed by the EOS team at
Federated Hermes with PMC's asset allocation and manager research
capabilities. Working together, we can deliver exposure to
high-conviction impact strategies regardless of where investors
fall on the risk-tolerance spectrum—making this offering is a truly
groundbreaking step on the road to building a more sustainable
society through investment."
About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial
advice and wellness are delivered. Our mission is to empower
advisors and financial service providers with innovative
technology, solutions, and intelligence to make financial wellness
a reality for everyone. Over 103,000 advisors across more than
4,900 companies—including 16 of the 20 largest U.S. banks, 46 of
the 50 largest wealth management and brokerage firms, over 500 of
the largest RIAs, and hundreds of FinTech companies—leverage the
Envestnet platform to grow their businesses and client
relationships.
For more information on Envestnet | PMC, please visit
www.investpmc.com.
About Federated Hermes
Federated Hermes, Inc. is a leading global investment manager
with $628.8 billion in assets under
management as of June 30, 2020.
Guided by our conviction that responsible investing is the best way
to create wealth over the long term, our investment solutions span
162 equity, fixed-income, alternative/private markets, multi-asset
and liquidity management strategies and a range of separately
managed account strategies. Providing world-class active investment
management and engagement services to more than 11,000 institutions
and intermediaries, our clients include corporations, government
entities, insurance companies, foundations and endowments, banks
and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' more than 1,900
employees include those in London,
New York, Boston and several other offices worldwide.
For more information, visit FederatedHermes.com.
Nothing contained in this document is intended to constitute
legal, tax, securities, or investment advice, nor an opinion
regarding the appropriateness of any investment, nor a solicitation
of any type.
Federated Hermes and Envestnet are separate and unaffiliated
firms, and are not responsible for each other's services or
policies. This release should not be construed as a
recommendation or endorsement of any particular product, service,
or firm.
Media Contacts
Dana Taormina
JConnelly for Envestnet
973.647.4626
envestnetpr@jconnelly.com
Ed Costello
Federated Hermes
412.288.7538
ecostello@federatedinv.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/envestnet--pmc-teams-with-federated-hermes-to-bring-suite-of-diversified-risk-managed-esg-integrated-models-to-advisors-301150985.html
SOURCE Envestnet, Inc.