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Envestnet turns its guns on the 401(k) business

With a 57% stake in a new venture, the Chicago SMA supermarketer tackles a second TAMP gusher

Author Lisa Shidler
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Gib Watson: A lot of these challenges revolve around fragmented data.

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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.

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Fidelity Investments' plan to hire 12,000 by October hit wall of macro-headwinds; no problem, it landed at 15,000; Schwab keeps hiring, too

The Boston giant's people grab could be derailed by indigestion -- the inability to assimilate staff -- an analyst says; but it has yet to materialize so the hiring spree rolls on.

October 29, 2022 at 12:02 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

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Mentioned in this article:

Tiburon Strategic Advisors
Consulting Firm
Top Executive: Charles Roame

Envestnet Inc
Top Executive: Jud Bergman

Stephen Winks

Stephen Winks

December 10, 2014 — 10:42 PM

ERS has an all star cast Bob Ward, Bob Padgett, Gib Watson, Chip Clayborne, who are uncommonly entrepreneurial, accomplished and focused on 401(k) space, unlike large slow moving competing organizations tied to an outmoded business model presently in the space. The unique dynamic of advising individual plan participants which has not been addressed (except by fast growing CapTrust now at $130 billion) portends of a magnificent opportunity. Scale, high level participant counsel and margins at the advisor level in the 401(k) space have proven not to be easily achieved. This is a very complex market segment for the individual advisor to profitably master. If anyone can do it, this team of talent can.


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