Morningstar Wealth partners with Envestnet to offer public-private model portfolios on advisor platform
MORN•Morningstar Wealth partnered with Envestnet to distribute its Public/Private Select Series through Envestnet’s advisor platform, with rollout expected to begin in October. Envestnet will handle trading, rebalancing and tax management, while Morningstar Wealth oversees portfolio strategy.
1. Platform rollout
The models will be available through Envestnet’s Fund Strategist Portfolios program. Envestnet will handle trading, rebalancing and tax management; Morningstar Wealth will retain responsibility for asset allocation, investment selection, portfolio construction and ongoing oversight.
