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Envestnet stock skidded 35% -- so will it force a rethinking of the Yodlee deal?

The Chicago-based outsourcer's bid to increase shareholder value hazards a counterproductive outcome

Author Brooke Southall August 12, 2015 at 2:59 AM
1 Comment
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Jud Bergman: So, you're basically asking if you need a quart of milk, why did you buy the cow. Is that what you're asking, Chris?




Stephen Winks

Stephen Winks

August 14, 2015 — 6:44 PM

In order to add value a recommendation must be evaluated in the context of its impact on all the client’s holdings as a whole. Otherwise it is not possible to determine whether a recommendation increased return, reduced risk or enhanced the tax efficiency, liquidity or cost structure of the portfolio as a whole—not possible win in brokerage compliance protocol, a point missed by media and financial analyst. Yodlee simply positions Envestnet and Yodlee users in a very dynamic space where extraordinary innovations are advanced in providing individualized advice (fiduciary counsel). This is a major development in the evolution of advisory services not just because of the Yodlee technical capabilities but because of the collaborative innovation made possible by Envestnet in advisory services. This leadership is difficult to achieve as a contractor, it requires ownership. There is indeed pressure on Envestnet to innovate beyond status quo, there s extraordinary power in bringing expert authenticated fiduciary standing within the reach of all who wish to act in their client’s best interest. Even if innovation is one step at a time—there is the promise that Envestnet will greatly enhance advisory services beyond a commission sales orientation which has plagued the professional standing of brokers when rendering advice..

Stephen Winks

Related Moves

January 9, 2024 at 4:09 AM

Behind the scenes, Envestnet's board of directors had much to tussle over before finally subtracting the 'interim' from Bill Crager's CEO title

With Jud Bergman gone at a chairman, a power struggle ensued to fill that spot, and the process dragged when taking the company private came under review

April 2, 2020 at 2:34 AM

Dani Fava is out at Envestnet -- to capitalize on AI revolution at a new firm, she hints

The ex-TD Ameritrade talent was hired by CEO Bill Crager in 2020 to harmonize acquisitions -- not least MoneyGuidePro and Yodlee that the company still grapples with

March 20, 2024 at 1:25 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

See more related moves

Mentioned in this article:

Envestnet Inc
Top Executive: Jud Bergman

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