Alger Named 2025 Asset Manager of the Year by Envestnet

Wealth Management Platform Recognizes Asset Managers for Outstanding Performances in 2024

BERWYN, Pa., March 11, 2025 /PRNewswire/ -- Envestnet announced the winners of its 2025 Asset Manager of the Year Awards this week during a ceremony at the company's Manager Forum event: Envestnet Engage, which was held at the Vinoy Resort in St. Petersburg, Florida. Among the winners, Alger earned the acclaimed Manager of the Year award for its Alger Capital Appreciation SMA.

This is the 21^st consecutive year that the awards program has recognized high-conviction portfolio managers who embody excellence within the realm of investment management practices within varying market conditions and economic environments.

"Congratulations to Alger for being named Manager of the Year, and to all our category winners; these managers deserve recognition for upholding a commitment to excellence in an evolving investment landscape," said Dana D'Auria, CFA, Co-Chief Investment Officer and Group President of Envestnet Solutions. "This year's winners delivered solid results in a time period of sustained economic and market uncertainty. They continue to set new benchmarks for client-dedication and innovation—and the ultimate winners are investors and the industry."

Nominees for Envestnet's Manager of the Year award are sourced from a wide roster of mutual funds, ETFs, SMAs, and model portfolios that are accessible to financial advisors within the Envestnet platform. For investment strategies to qualify for consideration, each firm must have existing due diligence coverage and research by Envestnet | PMC's 28-member research and due diligence team.

List of 2025 Category Winners and Finalists:

Multi-Asset

• WINNER: Fidelity Target Allocation Model Portfolios, Fidelity Target Allocation Blended Model Portfolios, Fidelity Target Allocation Tax-Aware Model Portfolios
• American Funds Core, Tax-Aware, Retirement Income Models Portfolios
• Astor Dynamic Allocation
• Westend Advisors U.S Sector Strategy

Fixed Income

• WINNER: AB Tax Aware Fixed Income Managed Account
• Baird Core Intermediate Municipal Bond Fund
• PGIM Multi-Sector Short-Duration Bond Z

US Large & All Cap

• WINNER: Alger Capital Appreciation Fund
• WINNER: Federated MDT Large Cap Value
• Aristotle Atlantic Core Equity

US Small, SMID, and Mid Cap

• WINNER: CRM Small/Mid Cap Value
• Dean Mid Cap Value

International, EM, and Global Equity

• WINNER: WCM Quality Global Growth ADR
• Acadian International ADR

Sustainable

• WINNER: Impax Small Cap Fund
• Nuveen Core Impact Bond Fund

Specialty

• WINNER: BlackRock Strategic Income Opportunities Fund
• Eaton Vance Global Macro Absolute Return Advantage Fund

About Envestnet

Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions—backed by industry-leading service and support. Serving the wealth management industry for 25 years with approximately $6.5 trillion in platform assets, Envestnet technology and services are trusted by more than one-third of all financial advisors. Many of the largest U.S. banks, wealth management and brokerage firms, and RIAs depend on Envestnet to help drive business growth and productivity—and deliver better outcomes for their clients.

For a deeper dive into how Envestnet is shaping the future of financial advice, visit www.envestnet.com. Stay connected with us for the latest updates and insights on LinkedIn and X (@ENVintel).

Disclosure

Envestnet has entered into a strategic relationship with BlackRock and Fidelity for certain program offerings. For more information regarding this relationship and the related conflicts, please see Envestnet's Form ADV Part 2A.

Advisors should always conduct their own research and due diligence on investment products and the product managers prior to offering or making a recommendation to a client.

Fidelity Investments is an independent company, unaffiliated with Envestnet.

Fidelity Investments has not been involved with the preparation of the content supplied by Envestnet and does not guarantee, or assume any responsibility for, its content.

Fidelity Investments is a registered trademark of FMR LLC.

Fidelity Model Portfolios are made available to financial intermediaries on a non-discretionary basis by Fidelity Institutional Wealth Adviser LLC ("FIWA"), a registered investment adviser. Information about the Models may be provided by representatives of FIWA, or its broker-dealer affiliates Fidelity Distributors Company LLC ("FDC'), Fidelity Brokerage Services LLC ("FBS"), and/or National Financial Services LLC.

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SOURCE Envestnet