BERWYN, PA — Envestnet announced the availability of a first series of interval funds within its Unified Managed Account platform, allowing financial advisors to access private market investments within a single portfolio management system.
The addition enables advisors to incorporate interval funds—an investment vehicle that provides limited liquidity while investing in less liquid assets—directly into client portfolios through the platform’s existing infrastructure.
Envestnet said it will oversee key functions for these funds within the platform, including research, trading, rebalancing, tax-loss harvesting, and model updates, with the goal of integrating alternative investments into broader portfolio management.
The company cited demand for private market exposure, noting that 81% of firms with revenues exceeding $100 million are privately held, as a factor driving interest in such investment options.
“Alternative investment managers are eager to democratize access to their investments throughout the financial services industry, but we believe the industry should not stop at access,” said Dana D’Auria, co-chief investment officer and group president of Envestnet Solutions.
D’Auria said integrating these assets into a unified system can reduce operational complexity and improve transparency for advisors managing diversified portfolios.
Envestnet also launched an Alternatives Research Center to provide educational materials and portfolio guidance related to interval funds and other alternative investments. The resource is available at https://go.envestnet.com/Unlocking-Alts-with-Envestnet.
Todd Rais, head of research and CIO support at Envestnet, said the addition of interval funds is part of a broader effort to incorporate private markets into unified managed accounts while addressing compliance and trading considerations.
Envestnet said its lineup of interval funds available through the platform is expected to expand throughout the year.
The company provides wealth management technology and services to financial advisors and reported $7.0 trillion in platform assets, serving a network that includes banks, brokerages, and registered investment advisors.
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