BERWYN, PA — Envestnet has launched professionally managed model portfolios featuring interval funds on its WealthTech platform, marking a major step in expanding advisor access to alternative investments. The new offerings, available through the firm’s Strategist UMA and Fund Strategist programs, aim to bring institutional-grade solutions to financial advisors and their clients at scale.
“As public markets continue to shrink and private markets drive innovation, advisors require a broader toolkit to deliver diversified, modern portfolios, and the alternatives their high-net-worth clients are asking for,” said Dana D’Auria, Co-Chief Investment Officer and Group President of Envestnet Solutions. “These new models integrate semi-liquid and liquid strategies, enabling seamless allocation to alternatives with point-and-click simplicity.”
The platform’s first model portfolios will come from Franklin Templeton and BlackRock, with additional models from Fidelity Investments and State Street expected in 2026.
The Franklin Templeton Multi-Manager HNW Portfolios, built on Envestnet’s Strategist UMA framework, offer five risk-based options ranging from Conservative to Aggressive and feature a strategic 10% allocation to alternatives. The portfolios simplify private market exposure through streamlined access, eliminating subscription paperwork and easing tax reporting for advisors.
BlackRock’s Multi-Asset Income with Private Markets Models are designed for a broader client base with minimum investments starting at $25,000. These Fund Strategist Portfolios combine public and private credit, covered call strategies, and dividend-focused equities across three allocation levels — 40/60, 60/40, and 80/20 — offering enhanced income potential and flexible liquidity.
Envestnet also released operational guidelines for managing Limited Trade Window (LTW) funds, advising financial professionals to observe redemption windows, monitor gating impacts, and account for rebalancing limitations tied to fund liquidity.
“This launch builds on the work we’ve done to expand alternative investment capabilities on our WealthTech platform, in collaboration with leading asset managers Franklin Templeton, BlackRock, Fidelity Investments, and State Street,” said Erik Preus, Group Head of Investment Management at Envestnet. “With more than half of alternatives held by high-net-worth and affluent investors—and advisor allocations to these products only expected to increase—providing expanded capabilities and access on our platform is critical as advisors construct portfolios that meet their clients’ needs.”
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