Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, announced a major advancement to its alternative investment capabilities— professionally managed model portfolios with semi-liquid alternative allocations and alternative ETFs developed in partnership with some of the industry's leading asset managers and available through Envestnet's Unified Managed Account (UMA) platform. This initiative is one of several steps Envestnet is taking to facilitate access to semi-liquid and illiquid investments at scale—empowering financial advisors to deliver modern, highly personalized portfolios that reflect today's evolving market realities.

As the number of publicly traded companies continues to shrink—from approximately 8,800 in the mid-1990s to around 5,400 today—more value creation is shifting to the private markets. In this environment, access to non-traditional assets offers a critical pathway to diversification and long-term portfolio growth beyond the constraints of traditional 60/40 portfolios.

"As innovation and growth continue to shift to the private markets, advisors need access to a broader set of tools to deliver truly diversified portfolios," said Dana D'Auria, Group President, Envestnet Solutions and Co-Chief Investment Officer at Envestnet. "Alternatives—including real estate, infrastructure, private equity, private credit and hedge funds—offer unique sources of return and the potential for higher yield and, in some cases, lower correlation to traditional assets."