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June 25, 2020 at 09:20 AM
Envestnet and Investment Advisor magazine are pleased to present the winners of the 2020 Asset Managers and Strategist of the Year Awards. Now in its 16th year, this recognition program shines a spotlight on the work of high-conviction portfolio managers who demonstrate best practices of investment management.
As in previous years, the selection committee picked winners in each category using a systematic, proprietary and multi-factor methodology developed by Envestnet’s Portfolio Management Consultants group, Envestnet | PMC. The qualitative and quantitative criteria used in the final selection includes firm profile, performance, tax efficiency, investment process and style, composite and customer service.
To be eligible for one of the Asset Managers and Strategist of the Year Awards, managers need $200 million in assets under management or more and three years of experience. Also, the strategies they lead must be broadly available on the Envestnet platform and open to new investors.
“In partnership with Investment Advisor, we are providing industry intelligence that empowers advisors to identify top-performing managers whose strategies can potentially bring their clients closer to achieving overall financial wellness,” said Tim Clift, chief investment strategist of Envestnet | PMC.
“Giving advisors a clear idea of what to look for when evaluating active managers is key to helping them improve outcomes for their clients,” Clift explained.
Due to the coronavirus, this year’s winners are receiving their awards as part of Envestnet’s Advisor Summit On-Demand. Envestnet also is honoring the winners of the fourth-annual Essential Advisor Awards at this virtual event.
Given to advisors who embody the values outlined in “The Essential Advisor” by Bill Crager and Jay Hummel, these 2020 awards are going to: Garret S. Wong of Ameriprise Financial in Anchorage, Alaska; Emmy Mastel and Jeff Benson of Prudential Advisors in St. Louis Park, Minnesota; and Martin James of Martin James CPA, PC/Martin James Investment & Tax Management in Mooresville, Indiana.
The Asset Managers and Strategist of the Year Award winners for 2020 are (by category):
U.S. Large Cap Equity • Brown Advisory — Large Cap Growth • Parnassus Investments — Core Equity Fund
