Products May 1, 2014

Envestnet Revamps Impact Investing Tool

May 1, 2014 (PLANSPONSOR.com) – Envestnet, Inc. has enhanced the capabilities of its Impact Investing Solutions platform, through which retirement plan clients can develop socially responsible investing (SRI) programs.
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Envestnet, a provider of integrated wealth management technology and services for investment advisers and wealth managers, is now offering these impact investment services through its portfolio management consultants business, Envestnet/PMC.

This new impact investing program provides financial advisers and institutions with access to a comprehensive set of model portfolios, specialist advice and digital SRI portfolio-building tools.

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“For advisers to truly support their clients, they must increasingly align investors’ wealth with their worldview,” says Lori Hardwick, executive vice president of Envestnet advisory services, based in Chicago. “Investors now realize that the way they direct capital can impact the world and people around them. This is especially true with younger investors, and advisers are experiencing much greater demand for impact investing solutions that meet a variety of customized investment mandates.”

As an open-architecture program, Impact Investing Solutions is available to all advisers and can be integrated and branded within any advisory practice. MSCI ESG Research, which provides in-depth fund research, ratings and analysis of the social, environmental and governance-related business practices of thousands of companies, offers additional resources as a partner in this initiative.

The revamped tool includes17 well-defined personal conviction portfolio “screens” that can be applied to managed accounts run by traditional and impact investment specialists. These refined screens, which filter out holdings that do not match up with the portfolio’s SRI goals, support advisers in addressing a diverse set of client issues, including community development, affordable housing, climate change, fossil fuel limitation, worker safety, women’s empowerment and numerous other customized investment mandates.

More information on Envestnet can be found here.

Products May 1, 2014

USRP Acquires Common Remitter Business

May 1, 2014 (PLANSPONSOR.com) – U.S. Retirement Partners (USRP), through its U.S. Employee Benefits Services Group (USEBSG) division, has acquired the Common Remitter Services business of CPI Qualified Plan Consultants, Inc.
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Plan administration for 403(b) and 457(b) services will be transitioned to The OMNI Group, a member of USEBSG. This acquisition will add over 1,000 new school districts to The OMNI Group.

The OMNI Group is an independent, full service third-party administrator that offers services for all aspects of retirement plan administration. They will administer these comprehensive services for the CPI clients as they are transitioned to OMNI.

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“We are very excited about the opportunity to enter into a new phase of growth that will further solidify OMNI’s national presence within the USEBSG family,” says Nina Rovinski, vice president and chief operating officer for The OMNI Group, based in Iselin, New Jersey.

“We are very pleased to be able to transition our clients to an organization of such a high quality as OMNI. It is important to us that they will receive the same standards of care and service that CPI has provided,” says Paul Chong, senior vice president of CUNA Mutual Group, the parent of CPI, based in Madison, Wisconsin.

More information on USRP can be found here.

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