The service adds to PMC’s high net worth servicing capabilities with custom discretionary portfolio construction that includes tax and impact overlay options. Clients must have at least $1.0 million to be eligible for the service. 

Envestnet, the New York-listed wealth management systems firm, said that its Envestnet | PMC business has launched Private Wealth Consulting, a new “white-glove offering.”

The service adds to PMC’s high net worth servicing capabilities with custom discretionary portfolio construction that includes tax and impact overlay options. Clients must have at least $1.0 million to be eligible for the service. 

“We work with advisors to put together intelligent, personalized proposals for clients, and we take care of ongoing portfolio management - helping advisors improve investment outcomes for clients while growing assets under management,” Michael Featherman, managing director and head of Investment Specialists at Envestnet | PMC, said. 

“Private Wealth Consulting allows advisors to outsource asset allocation, manager research, and portfolio construction and management to us at PMC, but we aren’t taking anything away from advisors - our primary goal is to help advisors add value, by giving them more time to focus on client relationships and giving them portfolio recommendations that can help meet clients’ individual needs.”