Envestnet Launches Custom Model Solutions to Streamline Outsourced Management for RIAs
Envestnet has announced the launch of Custom Model Solutions (CMS) for Registered Investment Advisors (RIAs) and Institutional Partner Models (IPM) for broker-dealers. The program allows advisory firms to offer white-labeled, bespoke model portfolios by combining their own investment preferences with the expertise of third-party asset managers. Envestnet manages the operational heavy lifting, including trading, billing, and reporting. The initiative features participation from major industry players such as BlackRock, Fidelity Investments, and Goldman Sachs Asset Management. By outsourcing administrative tasks while maintaining control over investment direction, RIAs can scale their practices without increasing operational overhead. Some programs may also feature waived tax-overlay fees or platform costs covered by participating asset managers.
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Topics: Asset Management Model Portfolios RIA Services WealthTech