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Outsourced investments are one of the fastest-growing categories in the financial advisory world. Perched between the asset custodian and the financial advisor, these (mostly) turnkey asset management programs can handle all or a portion of their investing, technology and fiduciary duties.

Advocates of using these TAMPs point to how it's better for the advisor because it frees up more time to spend with clients and prospects. It's also better for clients because the duties are being handled by specialized professionals who benefit from economies of scale.

Skeptics say that it adds a layer of cost and takes away an element of control from the advisors in executing according to a client's financial plan.

Jud Bergman: The biggest thing was the repricing due to the WMS client. That's the biggest single factor.

With Envestnet shares deeply depressed, analysts cut Jud Bergman little slack on 4Q earnings call

WIth a not-yet-integrated Yodlee, trouble with a big client, Lori Hardwick's departure and a recent history of muddy communication, CEO Jud Bergman worked hard to reassure

February 29, 2016 — 6:09 PM UTC by Lisa Shidler

Lisa’s Note: As a reformed steel industry reporter, I’ve covered the most contentious earnings calls. I was reporting on Bethlehem Steel and U.S. Steel when each firm was buried in bankruptcy, steel mills were shuttering their doors and the companies’ stock prices ...

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Michael Kim: There just aren't a great number of people out there who can take the consultative approach and actually work well with advisors.

AssetMark finds greatest treasure of Curian shipwreck to be its survivors, even as it salvages $2 billion from the ocean floor

The Concord, Calif.-based outsourcer fills five sales positions from its fallen competitor with ease and sets them a task to throw life rings to even more adrift advisors

October 19, 2015 — 3:43 PM UTC by Sanders Wommack

Brooke’s Note: What happens when $10 billion of AUM gets abdicated to the market? With the decision of Curian Capital to take exactly that course of action, we get to see. But what may be more interesting is not what happens to the financial ...

Anil Arora: We are powering some of the biggest financial institution, investment and wealth management entities in Canada, the United Kingdom, Australia, South Africa, India.

This time Envestnet plays most cards face up as analysts press again for cogent Yodlee deal rationalization

Jud Bergman supposes, though not until 2020, that the merger will yield an extra $200 million in revenues

September 24, 2015 — 11:44 PM UTC by Lisa Shidler and Brooke Southall

Brooke’s Note: Depending on how you count, this is Envestnet’s third or fourth official attempt to explain why it is buying Yodlee for $660 million. Every time that happens, RIABiz is all ears. The explanations amount to drafts on the subject of how ...

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Lincoln Ross: That picture the advisor gets in sitting down with a client changes potentially the moment the client walks out the door.

A long-form explanation of why -- Wall Street be damned -- Envestnet's purchase of Yodlee might make sense

Nothing will deter the Chicago outsourcer from a future infused with data, according to Envestnet strategy chief Lincoln Ross, who'll shoulder the credit or take the blame for the deal's outcome

September 10, 2015 — 7:59 PM UTC by Brooke Southall

Brooke’s Note: After Envestnet acquired Yodlee, the shares of the former outsourcer pretty much crashed. It was as if Wall Street, in its collective wisdom, had decided that Jud Bergman had suddenly forgotten how to do a good deal or how to properly absorb ...

Eric Clarke [r.] next to brother Todd: They didn't even blink an eye about our expansion proposal.

How Orion's parent company -- NorthStar -- is recovering, Omaha-style, from underestimating space needs by 45,000 square feet

After hiring 326 people in last 18 months, people are being all but stuffed in closets but a cheap solution is at hand -- a new campus

August 28, 2015 — 4:43 PM UTC by Lisa Shidler

Brooke’s Note: I just flew back from visiting my family in Maine for a week on a midday flight. I had a window seat on a relatively clear day leaving my Charlotte connection en route to San Francisco. My takeaway from the flight: There ...

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Greg Verfaillie: In the conversations I've been having with advisors, it's clear this decision is not going to be made on product or platform; it's about the relationship.

Curian Capital predators position to pounce -- but a few copiously keep their distance to avoid quills

As smaller TAMPs play the finesse game, SEI, AssetMark and Envestnet, with combined $100 billion-plus AUM, see a path to play up their size and scale after the smaller TAMP falters

August 17, 2015 — 4:51 PM UTC by Sanders Wommack

Brooke’s Note: Like so many things that make perfect sense on paper, turnkey asset management programs have struggled. When TAMPs started to gain prominence in the late 1990s as a means for financial advisors to outsource investment management, it was a time when people ...

Jud Bergman: So, you're basically asking if you need a quart of milk, why did you buy the cow. Is that what you're asking, Chris?

Envestnet stock skidded 35% -- so will it force a rethinking of the Yodlee deal?

The Chicago-based outsourcer's bid to increase shareholder value hazards a counterproductive outcome

August 12, 2015 — 2:59 AM UTC by Brooke Southall

Update as of Thursday morning (Aug. 13): Jud Bergman, Envestnet’s CEO, returned my phone call yesterday afternoon and reiterated what he had said in an earlier email to me. It was disarmingly frank in saying he had done a horrible job of making analysts ...

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Anil Arora: There’s an enormous transformation going on in financial services, and we’re going to accelerate that.

Envestnet buys Yodlee and its treasure trove of 'permissioned' data by selling its vision of the future of financial advice

The Chicago overachiever's deal is its third Silicon Valley acquisition overall, and second this year

August 10, 2015 — 10:11 PM UTC by Brooke Southall

Brooke’s Note: This article is still its formative stages but our reaction is not. Wow! Envestnet didn’t just buy a data company with ample revenues, myriad industry connections and made-in-Silicon Valley technology. It also acquired an international brand. Of course whenever a dazzling ...

Mark Mandich: Curian has determined that it is no longer commercially positioned to provide clients high value investment programs.

Following 'irregularities' Mark Mandich says Curian Capital will close its doors in 2016

In hindsight, the $11-billion Denver TAMP had made some moves like removing key managers and installing interim ones in the wake of troubles its parent entity referred to US regulators

July 31, 2015 — 12:09 AM UTC by Brooke Southall

Brooke’s Note: The contempt expressed in this article by some parties for Curian Capital derives from bewilderment about why it couldn’t have been merged or sold — or even given — its TAMP business to a competent operator. Why that didn’t happen remains unclear ...

David Cabot: I know this has been, and remains, a difficult process

Bean Town Brahmins -- ex-Windhaven execs -- may pay as much as $100 million for F-Squared remains

The embattled Wellesley, Mass.-based ETF manager filed Chapter 11 to make a sale contingent on transitioning its remaining $5 billion of managed assets

July 10, 2015 — 5:38 PM UTC by Sanders Wommack

Brooke’s Note: The Boston Brahmins are coming to the rescue of the Wellesley suburbanites with a ruthlessness that would have made their forbears proud. OK, that’s overdramatizing matters. But when a Boston-based executive named Cabot with Harvard and Cambridge credentials is the force ...