News, Vision & Voice for the Advisory Community


Envestnet breaks out ENV2 to oohs, aahs and a few groans at its bust-out event in Chicago

After years of cobbling on capabilities, the TAMP streamlined and made tablet-compatible its web presence, though not to pure approbation

Author Lisa Shidler May 2, 2013 at 5:17 AM
no description available
Jud Bergman: Many of them have experienced an ah-ha moment. That's the moment that all pioneers love. (Photo courtesy of Tiburon Strategic Advisors)




Stephen Winks

Stephen Winks

May 2, 2013 — 8:15 PM

In just twelve months Envestnet has been on a tear, now just behind the major wirehouses in net flows of $21.5 billion.

What this means is a major custodian is emerging that directly supports advice like no other (to include the wirehouses). The industry can not longer afford not to acknowledge or support the fiduciary standing of its brokers as that leadership vacuum will be gladly filled by EnvestNet/PMC. The industry can no longer be insular to the best interest of the investing public and the professional standing of the broker, and if it does so, it is at great peril.

Envestnet/PMC holds the promise of outdating everything that has come before it as it can be the first firm to provide large scale institutionalized support for fiduciary counsel establishing professional standing for the advisor not possible in a brokerage format. To the victor go the spoils. Whoever makes advice (fiduciary standing) safe, scalable, easy to execute and manage as a high margin business at the advisor level, wins big.

Because of potential channel conflict with its broker/dealer clients, Envestnet can craft a relationship with its independent broker/dealers which widens their margins, as their brokers gravitate toward becoming advisors creating a virtuous cycle in professional development in the consumer’s best interest..

Those who believe in the distribution of high cost packaged products which by definition can not be personalized or individualized—might want to rethink where the industry’s evolution to advisory services is headed. Low cost, high level advice at lower cost to the consumer where the advisor achieves very attractive margins, increasing advisor compensation by 50% or more.

Modernity will reorder the industry around the consumer’s best interest which is not possible by self selection in the industry today. Look for (a) expert authenticated prudent investment processes which make advice safe, (b) advanced technology which support transparency, continuous comprehensive counsel and modern approaches in portfolio construction required for fiduciary standing, (c) work flow management which makes advice scalable, easy to execute and manage as a high margin business at the advisor level.

Precisely what the consumer and the advisor want—not possible today in a brokerage format.




June 26, 2014 — 1:50 AM

An alternate decision examining any available information, data, boards or internet websites to the internet which are devoted for this problem. Should you form the title in the city or zipcode and therefore the phrases “poor credit score flats”, you’ll likely locate some thing. That is a wonderful place to begin and may enable you preserve a lot of disappointment.



June 26, 2014 — 3:20 AM

E-books are established in e-text, which forms the digital media equivalent of a conventional printed guide. The rights are sometimes restricted having a digital rights management procedure. E-books also can only be read on dedicated hardware devices identified as e-readers. Some computers or cell phones can even be made use of to examine e-books.

Related Moves

January 9, 2024 at 4:09 AM

DFA undergoes a sea change -- literally -- with a fancy yacht soirée, cigars and champagne as it attempts to sail away from its mutual fund image into the world of ETFs

Having just about staunched net outflows with its embrace of ETFs, DFA is embarking on a cultural shift as it tries to figure out how to sell more, even though it's less unique than it used to be.

March 13, 2024 at 1:46 AM

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 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

See more related moves

Mentioned in this article:

Envestnet Inc
Top Executive: Jud Bergman

Buckingham Strategic Partners
TAMP, Asset Manager for RIAs
Top Executive: Alex Potts

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.