# Envestnet | PMC

Envestnet | PMC is a Fund of Funds Manager based in Chicago, United States.

## Overview

- **Organization type:** Fund of Funds Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Assets under management:** Undisclosed
- **Website:** envestnet.com

## Regulatory record

- **CRD number:** 111694
- **SEC file number:** 801-57260
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/111694

## About

Envestnet | PMC is an SEC-registered investment adviser in Chicago, IL, established in 2000. The firm oversees $614.9 billion in regulatory assets. It employs 532 people and 178 investment advisers.

## Questions

### How does PMC source proprietary deal flow?

PMC sources manager relationships through Envestnet's platform, which aggregates data from thousands of advisor-managed accounts. This allows PMC to screen for managers that perform well within the advisor channel — a sourcing advantage over standalone fund of funds that lack such data.

### Does PMC participate in fund commitments or only direct deals?

PMC primarily makes commitments to external pooled vehicles — mutual funds, ETFs, SMAs, and alternative funds. It does not make direct investments in private companies or real assets. The unit constructs model portfolios and custom accounts using these third-party vehicles.

### What investment stages does PMC typically target?

PMC does not target specific investment stages in the startup sense. Its mandate spans public equities, fixed income, and alternatives using manager selection. There is no disclosed focus on venture capital or growth equity stages.

### Which sectors does PMC explicitly avoid?

PMC does not publish any sector exclusion lists. Its sector exposure is determined by the underlying managers selected for each portfolio. No negative screens are mentioned on Envestnet's public materials.

### How is PMC related to Envestnet as a parent company?

PMC is a division of Envestnet, a publicly traded wealth management technology firm (NYSE: ENV). Envestnet provides the platform infrastructure, data aggregation, and advisor distribution; PMC uses those resources to construct multi-manager portfolios for the same advisor base.

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Last updated: 2026-06-03T20:00:00.000Z

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