Envestnet Retirement Solutions, LLC

Envestnet Retirement Solutions, LLC, established in 2013, specializes in providing investment management and advisory services to retirement plan sponsors and registered investment advisers. The firm offers discretionary and non-discretionary investment advice to over 4,700 plans with $14.5 billion in assets under management as of December 31, 2024. Envestnet Retirement Solutions acts as a fiduciary under ERISA, providing services such as investment policy statement templates, investment option reviews, and asset allocation services. The firm offers various programs, including Plan Sponsor Fiduciary Services, Discretionary and Non-Discretionary Fiduciary Services, Custom Asset Allocation Services, and Envestnet Retire Complete. Clients can access diversified asset allocated portfolios and personalized retirement accounts managed by Envestnet. The firm does not charge performance-based fees and does not custody client assets. Envestnet Retirement Solutions does not vote proxies on behalf of clients and does not engage paid solicitors for client referrals. The firm's fee structure varies based on the services provided, with fees typically paid by the plan sponsor. Envestnet Retirement Solutions does not have any disciplinary actions to disclose and does not receive soft-dollar benefits. Clients are responsible for directing the manner in which proxies are voted and making decisions regarding their investments.