Envestnet has hired Dana D'Auria, CFA, as co-chief investment officer. The former Symmetry Partners managing director also will serve on the investment committee of Envestnet | PMC and help grow the group's fiduciary solutions and other resources, such as overlay services, research and portfolio management, the firm said in a statement Tuesday.
D'Auria is no stranger to Envestnet, having worked closely with the platform provider for the past 14 years as part of her role at Symmetry Partners, which builds investment portfolios.
Her hiring comes two months after Envestnet named Dani Fava, the former head of innovation for TD Ameritrade Institutional, as its head of strategic development.
"I am proud to officially join [Envestnet's] investment management arm after witnessing firsthand how much its distribution and research services support growth for the firm, as well as [for] asset managers, advisors and investors," D'Auria said in a statement. "I believe that solid research is the foundation for exceptional investment solutions for clients, and Envestnet shares this approach."
Her Background
At Symmetry Partners, D'Auria served as president and portfolio manager of the group's Panoramic Mutual Funds. She also led the investments/research, mutual fund and investment communications departments. In addition, she helped develop new investment strategies.