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The inverted reverence dynamic at The In|Vest event and why Bill Crager is so over it

Tomorrow is here: Wirehouse execs and IBM types play groupies as robo-founders leaned back in their chairs

Author Sanders Wommack June 23, 2016 at 6:19 PM
1 Comment
no description available
Jon Stein: I really don't know about the ... presti-i-i-ige ... of a wirehouse.

Conferences

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Robo-Advisors

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Technology


FAA

FAA

June 23, 2016 — 11:29 PM

Hopefully the robo/ tech stuff fulfills the fiduciary standards. It may or may not…but it has not to date. I would short Envestnet because when you look under the hood…past the mediocre technology…to how they are compensated, how they trade, what the research etc…it is a short. They throw great parties and profess helping you build your business (who doesn’t). Don’t see how any advisor using Envestnet could defend they are acting in their client best interest. Up to the advisor to do their own DD but if you do – most likely you will come to the same conclusion.


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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

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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

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Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

United Capital Financial Advisers
RIA Welcoming Breakaways
Top Executive: Joe Duran

Envestnet Inc
TAMP
Top Executive: Jud Bergman

Betterment, LLC
Financial Planning Software
Top Executive: Jon Stein



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