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A perfect storm of factors -- including 'code' and 'annuities' -- made Jud Bergman pay Bob Curtis $500 million for MoneyGuidePro, plus $30 million to keep the MGP crew around a few more years

MoneyGuidePro's growth rate is declining, it's only '5% accretive' and Envestnet is already fully integrated, but unless the price got paid, the broader network was out in the cold

Author Brooke Southall March 15, 2019 at 12:55 AM
Admin:
no description available
Jud Bergman: 'We need to own it rather than rent it. We need the code base.'

Bill Winterberg

Bill Winterberg

March 15, 2019 — 2:26 AM
SS&C acquired Advent *Software* (pretty sure that's an advisor software company, not a data company) for $2.63 billion in 2015, making it a larger advisor software deal than the PIETech acquisition.
Brooke Southall

Brooke Southall

March 15, 2019 — 2:29 AM
Excellent point. I'll modify.Maybe private company biggest?
Mark Kristensen

Mark Kristensen

March 15, 2019 — 8:01 PM
Jud and Craeger continue to dazzle as a duo with track record of strategic execution The quintessential FinTech visionary!

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Mentioned in this article:

MoneyGuidePro
Financial Planning Software
Top Executive: Bob Curtis

Envestnet Inc
TAMP
Top Executive: Jud Bergman



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