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Envestnet CEO Jud Bergman's FolioDynamix deal suddenly looks prescient as SMA-to-UMA market shift dings revenues, third-party asset managers

In Envestnet's latest Q2 earnings call, Jud Bergman revealed the transition from SMAs to UMAs will hit Envestnet and third-party asset managers who sell their SMA wares through Envestnet's platform. But UMA efficiencies may drive down costs faster than revenues fall, making the FolioDynamix purchase look shrewder than ever.

Author Oisin Breen August 16, 2018 at 5:12 PM
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Jud Bergman: The rate of account growth of advisors opening net new accounts has slowed over the last quarter. [We] don't know if it's going to last one, two, three quarters, but we are planning.

Jud Bergman

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Scott Smith

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Will Trout

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Aaron Schumm



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January 9, 2024 at 4:09 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

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September 27, 2023 at 2:48 AM

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Envestnet Inc
TAMP
Top Executive: Jud Bergman



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