News, Vision & Voice for the Advisory Community


How WilmerHale is positioning its $3.3B-AUA RIA as outsourcer and owner in a $750-billion market

Silver Bridge, backed by the high-power law firm and headed by a former JPMorgan Chase division president, is exploiting the need of single-family offices to gain scale without merging to become multifamily offices

Monday, June 25, 2012 – 4:55 AM by Charles Paikert
no description available
Steve Prostano: [SFOs] still don't want to invest in the business.

Related Moves

Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners

The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.

September 24, 2019 – 2:02 AM

Envestnet just named an ESG head to meld 'wellness,' 'The Intelligent Financial Life' and 'sustainable investing' into a single nirvana -- that starts outside of the product realm

Ron Ransom earned CEO Bill Crager's trust as chief business development officer and now will define how Envestnet conducts itself as a global citizen and vendor of wellness.

July 27, 2022 – 2:27 AM

Envestnet and Edmond Walters end odd couple 'Apprise' relationship with buyout, but leave open the door to jointly pursue RIA-to-entrepreneur dashboard... later

The MoneyGuidePro owner and eMoney founder execute clean break with Apprise IP rebranded as 'Wealth Studio.' Walters off to the races with a startup and vague promise to collaborate later.

April 6, 2021 – 12:50 AM

Envestnet turns to former FIS executive -- and replaces a CTO -- to help shape up the firm's disparate offerings into a unified whole around the concept of 'wellness'

The Chicago outsourcer gets Donna Peeples to harmonize products and marketing to move beyond the 'TAMP' label as Orion contends for market share with Brinker added.

November 10, 2020 – 2:45 AM

Mentioned in this article:

Family Wealth Alliance
Top Executive: Thomas R. Livergood

Envestnet Inc
Top Executive: Jud Bergman

Dynasty Financial Partners LLC
Specialized Breakaway Service, Mergers and Acquisition Firm, RIA Set-up Firm
Top Executive: Shirl Penney

Elmer Rich III

Elmer Rich III

June 25, 2012 — 6:40 PM

It’s a shame our industry is exclusively sales-oriented and not business planning or market development oriented. How many senior leaders even have MBAs? We haven’t met one.

It would be useful to have market sizing and market share data, just at the most basic business planning and analysis level. Intuitively, we sense growth but we don’t know if these “green shoots” represent a single “plant” or a new market/“ecosystem.”

Jeff Spears

Jeff Spears

June 25, 2012 — 11:31 PM

Another business model trying to address the problem of economies of scale using outsourcing.

I agree with the premise, but remained challenged by what the clients, with the assets, are willing to pay.

I hope Siver Creek solves that!

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