How Envestnet may use its IPO to speed growth
The IPO cash positions it for capital-intensive deals and acqusitions, but the big TAMP may not be rushing in to anything
Jeff Spears
Reads like Envestnet is trying to out Merrill Lynch, Merrill Lynch. “Yes we are open, BUT” $8.5 billion of PMC’s $11 billion are invested in proprietary funds.
I thought Dodd-Frank was encouraging true open architechture.
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Bill Crager is dropping CEO role after multiple shoes dropped; the company insists it was his 'decision' but vision, Yodlee future uncertain
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January 9, 2024 at 4:09 AM
Dani Fava is out at Envestnet -- to capitalize on AI revolution at a new firm, she hints
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Envestnet shares popped -- up 8% today -- after Wall Street filtered out bad news and staked its bet on confidence in a new team
The Berwyn, Pa., firm sugar-coated nothing but ended up with a sweet stock price result as analysts see good outweighing bad.
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Bill Crager makes critical hire of 'step back from the numbers,' Joshua Warren, replacing 'brother' Pete D'Arrigo at CFO; Warren had a big role at BlackRock -- Envestnet's biggest stakeholder
The Envestnet CEO gets 'very, very impressive' 43 year-old BlackRock exec; the New York asset manager happens to be Envestnet's largest stakeholder.
September 27, 2023 at 2:48 AM
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Top Executive: Charles Roame
Envestnet Inc
TAMP
Top Executive: Jud Bergman
