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CUNA and Envestnet Partner on Fiduciary Outsourcing Services


MADISON, WI, and CHICAGO, IL, November 15, 2016 -- CUNA Mutual Retirement Solutions announces it is partnering with Envestnet | Retirement Solutions ("ERS") to help financial advisors and plan sponsors meet their fiduciary obligations.

The relationship is another example of CUNA Mutual Retirement Solutions' long-term commitment to helping advisors be more successful in their practices and better serve the retirement needs of their clients.

Changing market dynamics and evolving regulations have led many plan sponsors and plan advisors to consider outsourcing alternatives to ensure they fulfill their fiduciary responsibility.

ERS' Fiduciary Advantage™ delivers innovative fiduciary protection to the retirement plan marketplace. Powered by technology, institutional-caliber research and an experienced staff of investment professionals, ERS helps enhance the plan sponsor/plan advisor relationship with fiduciary support and regular investment monitoring.

"We believe ERS will deliver the level of customization advisors expect, along with an integrated platform that will bring both value and ease of use," said Chris Phillips, director of institutional sales for CUNA Mutual Retirement Solutions. "This plan fiduciary solution will provide enhanced data integration, research and analytic tools, as well as comprehensive reporting. It's everything retirement plan advisors and plan sponsors are looking for to meet their obligations to participants."

ERS uses both qualitative and quantitative criteria, and its proprietary ERS SCORE™ (Style, Cost, Organization, Risk and Execution) methodology, to examine prospective financial products to ultimately provide a workable subset of investments.

"CUNA Mutual Retirement Solutions' central objective is to improve outcomes for advisors, plan sponsors and their participants, and we believe our Fiduciary Advantage™ is a strong complement to their mission," said Babu Sivadasan, group president, Envestnet | Retirement Solutions. "Outsourcing investment selection and monitoring doesn't just give plan sponsors peace of mind to focus on their businesses—it also gives advisors more time to work with their plan sponsor clients."

About CUNA Mutual Retirement Solutions

CUNA Mutual Retirement Solutions designs simple and practical retirement programs that help hard-working Americans save for the future. For more than 50 years, it has been a leading provider of qualified and nonqualified retirement solutions delivering service excellence and customer-focused, best-in-class products. With nearly $18 billion in assets under administration and more than 6,700 retirement plans in place, the company is helping more than 330,000 hard-working Americans save for the future. Its products, tools and resources work together to help achieve better employee outcomes measured at the plan and participant levels. More information is available at www.cunamutualrs.com.

About Envestnet | Retirement Solutions

Envestnet, Inc. (ENV) is a leading provider of unified wealth management technology and services to financial enterprises and advisors. Our solutions unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables the transformation of wealth management into a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet's Advisor Suite enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, personalized financial apps and services for millions of consumers. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors.

More than 52,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.


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