A second chance for PMC brand

Envestnet Asset Management Inc. is bringing the PMC brand name back and giving the unit its own sales force.
SEP 24, 2007
By  Bloomberg
Envestnet Asset Management Inc. is bringing the PMC brand name back and giving the unit its own sales force. The Chicago-based supplier of wrap account platforms is giving Portfolio Management Consultants its own four-man sales force as of today with more people to be added in coming months. Envestnet acquired the Denver-based turnkey asset management product producer in 2001 and changed the PMC brand to Envestnet Management and Research Group in 2004. “What’s old is new again,” said Bill Crager, president of Envestnet. In conjunction with the brand re-launch, Envestnet is launching six new mutual funds under the PMC brand. PMC has about $10 billion of assets under management.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.