Envestnet’s portfolio consulting group, Envestnet PMC, launched a series of exchange-traded funds that combine the benefits of active investments with the cost efficiency of passive investments.
The four products in the ActivePassive ETFs series — the ActivePassive U.S. Equity ETF (APUE), ActivePassive International Equity ETF (APIE), ActivePassive Core Bond ETF (APCB) and ActivePassive Intermediate Municipal Bond ETF (APMU) — consist of passive and factor-based exposures managed by Envestnet, as well as active exposures managed by third-party investment managers.
Envestnet PMC research found factor-based strategies and traditional active strategies combined with passive investment vehicles can be more a more cost-effective way to generate returns, said Dana D’Auria, co-chief investment officer and group president of Envestnet Solutions.
"As pioneers bringing together active and passive investment styles, our mission has always been to provide investors with a single portfolio that marries the best attributes of both active and passive investing at a low cost,” D’Auria said in a statement. “"ETFs are inherently tax-efficient and liquid structures, and help make it easier for advisors to build portfolios aligned with client needs.”
The products offer financial advisors a way to implement the views of the models’ portfolios managers in a tax-efficient way and with no additional management fee. The ETFs are available in Envestnet PMC’s ActivePassive multi-asset model portfolios.
"The launch of the ActivePassive ETFs gives us the opportunity to harness all of our best asset management and research resources within PMC and across the Envestnet ecosystem for the benefit of advisors and their clients," said Brooks Friederich, principal director of research strategy at Envestnet PMC.
Nearly half of single Americans think their net worth shapes their fate in dating, but the biggest financial green flags tell a different story.
The hybrid RIA is the latest firm to face allegations that it enriched itself at customers' expense by paying unfairly low interest rates in its cash sweep programs.
Installed after Dan Arnold's abrupt termination, the new leader at LPL Financial is highlighting the firm's refocusing on the individual advisor.
The clearing and custody giant is kicking the tires on new cash sweep plan with broker-dealer clients.
LPL Financial welcomes a $345 million investment and planning team from Ameriprise as RayJay's employee advisor arm adds a seasoned Well Fargo breakaway.
From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.
Blue Vault features expert strategies to harness for maximum client advantage.