At the 2018 Envestnet Advisor Summit, Investment Advisor and Envestnet recognized the winners of this year’s Asset Manager Awards. The summit took place in mid-May in New Orleans, with social psychologist Amy Cuddy giving one of the keynote speeches.
Cuddy told a crowd of 2,000-plus RIAs and other attendees that body language is an important way for advisors to make themselves both more powerful and more trustworthy. “You are trying to give [clients] a sense of safety,” she said, adding that sitting up straight is critical.
With the plethora of distractions today, clients appreciate knowing that their advisors and other business partners are “present” — both physically and mentally. The victory pose, in which you throw up your arms in a “V,” is “hard-wired” in human beings, explained the author of “Presence: Bringing Your Boldest Self to Your Biggest Challenges” and popular Ted Talk speaker.
Taking a cue from Cuddy, Horizon Investments President and CEO Robbie Cannon confidently lifted two Asset Manager Awards over his head during the May 16 recognition ceremony. That gesture drew a hearty round of applause from those in the exhibit hall.
While the recognition event included brief highlights of why Envestnet | PMC analysts and Investment Advisor staff chose this year’s award winners, there is (of course) much more to tell about how these actively managed portfolios are producing strong results in a highly competitive field.
The award winners are picked from Envestnet | PMC’s universe of over 2,800 strategies, which also is trimmed down to a group of about 600 portfolios; to be considered for an award, a manager’s team must have at least three years of experience running a strategy with $200 million or more in assets.
The analysts evaluate the performance and risk-adjusted metrics of these strategies, according to Tim Clift, chief investment officer of Envestnet | PMC.
They also look at the dynamics of the overall team, how these active managers are compensated and incentivized, and what the alpha thesis of each portfolio is: “What do they believe they can do that others can’t, what edge do they have that is different, and which ones will have the potential to perform well in the future?” Clift explained.
As in the past, this year’s 14th annual Envestnet-Investment Advisor Asset Manager Awards recognize active managers in different asset classes who have topped the benchmarks, have shown solid performance throughout the years and are best-in-breed in their respective classes. In addition to the profiles that are linked below, video interviews and other content from the summit, can be found on ThinkAdvisor.com.
Overall Asset Manager of the Year, Strategist
Horizon Investments, Goal-Based Solutions
Large-Cap Asset Managers of the Year
Wakefield Asset Management, Large-Cap Equity Strategy
Dana Investment Advisors, U.S. Large-Cap Core Strategy
Small-/Mid-Cap Manager of the Year
Kayne Anderson Rudnick, Small-Cap Sustainable Growth Strategy
Baird Equity Asset Management, Mid-Cap Growth Strategy
International/Global Asset Manager of the Year
WCM Investment Management, Quality Global Growth Strategy
Fixed Income Asset Manager of the Year
GW&K Investment Management, Enhanced Core Bond Strategy
Impact Asset Manager of the Year
ClearBridge Investments, Large-Cap ESG Strategy
Janet Levaux is editor-in-chief of Investment Advisor and Research on Wealth. She can be reached at email@example.com. Ginger Szala contributed to this report.