Morningstar Wealth and Envestnet Expand Advisor Access to Public and Private Markets
Business Wire•06/10/2026•08:00 ET
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Key Highlights
- ➤Morningstar Public/Private Select Series becomes available through Envestnet’s enterprise platform
- ➤Six strategies span the risk spectrum across public and private markets
- ➤Availability through Envestnet is expected beginning this October
- ➤Morningstar Wealth retains allocation, selection, construction and ongoing portfolio oversight
- ➤Envestnet provides trading, rebalancing and tax-management implementation infrastructure
Expert Statements
Kunal Kapoor, CEO of Morningstar
“The value of private-market exposure depends on how it fits within the whole portfolio. Morningstar Wealth brings independent research, disciplined allocation, and ongoing oversight to that decision. By pairing that investment approach with Envestnet’s implementation capabilities, we’re giving advisors a more practical way to manage public and private investments together.”
Chris Todd, CEO of Envestnet
“Private market exposure works best when it has a clear role alongside a client’s public investments, with risk and liquidity considered across the whole portfolio. Morningstar has collaborated with some of the top money managers to bring that portfolio thinking to six strategies spanning the risk spectrum. Envestnet automates the trading, rebalancing and tax management behind every account, so advisors can put these strategies to work at scale and keep each portfolio aligned to a client’s goals.”
Morningstar Wealth and Envestnet Expand Advisor Access to Public and Private Markets
Morningstar Public/Private Select Series combines Morningstar Wealth's portfolio construction and due diligence with streamlined implementation through Envestnet
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