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Hitting home run, Envestnet buys FolioDynamix creating '$2-trillion' super-platform

The Chicago-based giant outsourcer buys its closest competitor for $195 million -- less than what hastily liquidating Actua paid years ago

Author Brooke Southall September 25, 2017 at 11:27 PM
Admin:
no description available
Jud Bergman: It's a company we know well.

Stephen Winks

Stephen Winks

September 26, 2017 — 2:49 PM
It will be interesting to see how Envestnet recasts itself in support of expert fiduciary standing--the biggest challenge faced by the financial services industry. If it creates expert prudent process that (1) greatly simplifies the advisory services industry, (2) puts financial service back into the fs business and (3) establishes professional standing of the advisor; Envestnet becomes the only game in town. SCW

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LPL Financial
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Top Executive: Dan Arnold

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