Envestnet(US:ENV) Prnewswireยท2024-10-28 12:00Core Insights - Envestnet has launched an Options Strategy Quantitative Portfolio (QP) aimed at addressing market volatility, tax risk, and liquidity risk associated with concentrated stock positions, providing advisors and clients with a solution to unwind these positions [1][2][3] Group 1: Product Features - The Options Strategy QP offers three options-based hedging solutions: Covered Calls, Protective Puts, and Collar Strategies, which help generate income and mitigate risks associated with concentrated stock holdings [3][6][8] - The strategy allows for customization based on individual investor needs, including desired downside protection and time horizon for projections [7][8] Group 2: Market Context - Investors often hold concentrated stock positions due to various reasons such as inheritance or company grants, which can expose them to significant losses if the stock underperforms [2] - The prolonged holding of concentrated positions can lead to increased tax liabilities, prompting many investors to delay selling [2] Group 3: Performance Metrics - Envestnet's suite of QPs has achieved an annual growth rate of 40% in accounts and advisors over the past three years, with over $12 billion in assets under management or administration as of Q2 2024 [9]