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Schwab steals a big chunk of SMA market share from wirehouses, according to new Cerulli data

Taking Wells Fargo's No. 4 spot in the SMA pecking order, the San Francisco dark horse is looking to advance still further

Author Lisa Shidler November 10, 2011 at 6:23 AM
Admin:
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David Lindenbaum : Our platform is growing and is being used in a way that helps the largest clients of our RIAs

Jeff Spears

Jeff Spears

November 11, 2011 — 3:10 PM

Providing break away brokers and their clients with a seamless transfer from their B/D wrap program is an essential service.

Our experience is that custodians and TAMPs can meet this need, BUT most do not have a 1 to 1 mapping defined for each major B/D’s SMA managers.


Related Moves

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.

February 24, 2024 at 3:33 AM

Bill Crager is dropping CEO role after multiple shoes dropped; the company insists it was his 'decision' but vision, Yodlee future uncertain

The co-founder of the $5.3-trillion AUA outsourcer of software and investments was pressed to take the job under the most adverse circumstances, then second-guessed by stakeholders as he managed the cards he was dealt.

January 9, 2024 at 4:09 AM

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

Bill Crager shuffles the deck on management team created just seven months ago: Tony Leal is out of 'Big Three' inner circle, replaced by Morgan Stanley vet Rose Palazzo

The RIA software 'trailblazer' and co-founder of MoneyGuidePro has been working on departure for a year; will transition to a 'consultant,' company says

January 7, 2023 at 1:50 AM

See more related moves

Mentioned in this article:

Envestnet Inc
TAMP
Top Executive: Jud Bergman



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