SpiderRock Advisors to provide risk management and income-focused options solutions to custom SMA clients on the Envestnet platform
SpiderRock Advisors (SRA), a USD1.5 billion asset management firm focused on providing customised option overlay strategies to advisers and institutions, is to begin offering option overlay strategies to clients via the Envestnet platform.
Eight customisable option-based overlay strategies from SpiderRock Advisors are now available through an Envestnet custom SMA offering. SRA will offer strategies to hedge concentrated stock positions and broadly diversified portfolios, as well as income-generation strategies using put writing and call writing.
“We are pleased to have SpiderRock’s option overlay strategies on our platform,” says Jean Heath, CIMA, Head of Asset Manager Network for Envestnet. “We have seen an increased demand from clients for this type of solution and look forward to working with them to ensure our financial wellness platform continues to meet the needs of advisors and their clients.”
“2020 has brought risk management to the forefront of all client conversations and portfolio construction,” says Eric Metz, SRA President and Chief Investment Officer. “The timing of this initiative is extremely fortuitous as the capital market landscape is causing an unprecedented demand for options-based strategies and solutions. We are excited and honured to be working with Envestnet to bring our solutions to their clients.”