Envestnet, an adaptive wealthtech company, has announced that the first series of interval funds is now available within its unified managed account (UMA) platform. Financial advisers can now access interval funds directly through the UMA, enabling open architecture exposure to private markets from managers within a seamless, end-to-end portfolio management experience.
Envestnet oversees all aspects of interval fund management within the UMA, including research, trading, rebalancing, tax-loss harvesting and model updates, providing advisers and their clients with a more comprehensive and unified view of portfolio performance. Currently, 81 percent of firms with revenues exceeding $100 million are privately held. The Envestnet UMA platform now supports cost-effective investment vehicles that enable advisers to provide their clients access to this growing segment of the market, without adding operational complexity.
To help provide clarity on the complexities of interval
