PMC Offers a New Integrated Approach to Portfolio Construction that Blends Strategic and Tactical Asset Allocation Strategies to Create Dynamic Portfolio Solutions

- These dynamic portfolios seek to respond to market volatility and the growing
discord with investors who are seeking to rebuild lost wealth -
CHICAGO--(Business Wire)--
Today`s market environment is unprecedented. The acute volatility in the market,
the gloomy economic forecast and overall uncertainty has caused even the most
secure investor to re-examine their investment philosophy. Their thoughts center
on: Where do I go from here? The traditional buy and hold approach to investing
has been the prevailing, end-all solution - invest for the long-term and weather
the ups and downs of the market to reap the benefits in future years. Sentiment
today indicates that many investors` current state of mind cannot weather that
storm.

PMC, the investment consulting unit of Envestnet - a leading provider of wealth
advisory solutions to more than 10,000 financial advisors - today introduces a
new synthesized approach to portfolio construction that blends strategic and
tactical asset allocation strategies to create dynamic portfolio solutions. The
right blend of portfolio solutions may be determined for each investor based on
the selection of five integrated dynamic portfolio allocations.

"Determining the ideal combination of the strategic and tactical approaches in a
client`s portfolio is perhaps the most critical, overarching component of the
portfolio construction process," said Richard Hughes, PMC Group Co-President.
"During turbulent times, investor sentiment tends to be higher on tactical
allocations and during bull markets, higher in strategic allocations. The
reality is that many investors want the best of both approaches implemented in
their portfolios. PMC has responded to that reality by creating dynamic
portfolio solutions which seek to combine the best of both methodologies."

A strategic allocation will change relatively infrequently and attempts to
achieve the best mix of assets for a long-term investment horizon. A tactical
allocation, on the other hand, can be thought of as opportunistic and will try
to align portfolios alongside the current trends in the market. In an integrated
approach, tactical allocations will be used to anticipate and respond to shorter
term shifts in asset prices, while strategic allocations will map out a longer
term plan for the investor`s goals over multi-year or multi-decade periods.

"These days, clients are looking to their advisors to help them rebuild eroded
wealth created by the downturn in the market as well as to help them realize
their overall investment objectives," says Hughes.

Implementing an integrated approach requires an understanding of the investors`
tolerance for risk, time horizon for meeting goals and objectives, and
orientation towards strategic asset allocation. To help advisors in this
process, PMC has developed a supporting white paper that outlines the benefits
of a strategic approach, tactical approach and a combination of the two as well
as a Portfolio Guidance Matrix that can help determine what type of portfolio
allocation approach would be best suited for their clients.

PMC can employ numerous investment solutions to create dynamic portfolios that
are integrated with both strategic and tactical strategies. Two investment
solutions that can be integrated to create a dynamic portfolio are the PMC
Tactical ETF Portfolios from the tactical side and the new PMC Ultra Short-Term
Fixed Income Portfolio from the strategic side. The PMC Ultra Short-Term Fixed
Income Portfolio was created in response to the growing demand for a
higher-yielding alternative to money market funds.

To learn more about creating dynamic portfolios that utilize a combination of
strategic and tactical asset allocation strategies or to learn more about other
PMC investment solutions, visit www.investpmc.com or email us at
pmcsales@investpmc.com.

About Portfolio Management Consultants

Since 1986, Portfolio Management Consultants has been "advising the advisor" by
helping investment professionals uncover opportunities and by building the best
portfolios for their clients. As the investment management arm of Envestnet, PMC
is an investment consultancy positioned to provide financial advisors with
timely solutions tailored to their business needs and their clients` investment
goals. At PMC, the goal is to help the advisor grow and strengthen their
business, driven by an unwavering focus on "perfecting the portfolio".

Portfolio Management Consultants` products include: PMC Mutual Funds, PMC
Multi-Manager Accounts, PMC Manager Blends, PMC Separate Accounts, PMC Enhanced
Strategies, PMC SIGMA Mutual Fund Solution, PMC Select Portfolios, PMC ETF
Solutions, PMC Tactical ETF Portfolios, and PMC Ultra Short-Term Fixed Income
Portfolio.

This document contains no investment advice or recommendations and is provided
for informational purposes only.Investing carries certain risks and there is no
assurance that investing in accordance with the portfolios mentioned in this
document will provide positive performance over any period of time. Investors
could lose money if they invest in accordance with the portfolios discussed
herein.The asset classes and/or investment strategies described above may not be
suitable for all investors and investors should first consult with an investment
advisor before investing.Investment decisions should be made based on the
investor`s specific financial needs and objectives, goals, time horizon, tax
liability and risk tolerance.Past performance is not a guarantee of future
results.

Envestnet Asset Management
Portfolio Management Consultants
Todd Miller, 203-378-1152, ext. 149
www.investpmc.com

Copyright Business Wire 2009