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Lori Hardwick resigns from COO job at Pershing in 'completely unexpected' move

The longtime Envestnet exec is apparently leaving to join an entrepreneurial venture just a year after surprising observers by taking the post at the BNY Mellon subsidiary

Wednesday, February 1, 2017 – 11:27 PM by Brooke Southall
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Lori Hardwick's tour at Pershing is over after a single year as she proves too restless an entrepreneur for life under BNY.

Related Moves

What to make of Pershing CEO Lisa Dolly's surprise exit and the sped-up entry of 35-year Pershing veteran Jim Crowley

When Dolly and Lori Hardwick were promoted, bing, bing, in 2016, Pershing experienced a lift but here comes 'charismatic' and 'RIA-familiar' Jim Crowley

May 9, 2019 – 2:18 AM

BNY Mellon's new CEO is an RIA fan, and Pershing Advisor Solutions made a big personnel move to reflect it

Charles Scharf loosened the Pershing purse strings for Mark Tibergien who created 'head of platforms' position for Christina Townsend

March 12, 2019 – 10:14 PM

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

Riskalyze replaces Lori Hardwick with Laurie Schultz at board chair and publicly tells her -- and the RIA industry -- it's moved the goalposts to a $1-billion valuation

The Auburn, Calif., firm's new chair already took one risk software firm to unicorn status and promises to 'do what it takes.'

November 24, 2021 – 11:12 PM

See more related moves

Mentioned in this article:

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien

Envestnet Inc
TAMP
Top Executive: Jud Bergman




Stephen Winks

Stephen Winks

February 2, 2017 — 5:33 PM
The need for innovation has never been greater. An imaginative use of prudent process and advanced technology to drive down cost and greatly elevate the advisors value proposition places immense stree on the conventional brokerage business model. The most profound innovation can not be executed within the conventional brokerage format--thus room for the emergence of a new advisory services business model too disruptive for brokerage. Look for advisory services cost to the consumer to decline by 50% or more without cuts in advisor compensation while investment counsel is greatly enhanced. . SCW

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