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The odd case of Envestnet/Yodlee getting singled out as data scofflaw, just four days after Visa deal to buy rival Plaid and nine months after Raj Udeshi's 'Theranos' outcry

Three Capitol Hill Democrats urged the Federal Trade Commission to probe the small firm -- and nobody else -- with little explanation of where its practices allegedly diverge from the norm

Author Keith Girard
January 27, 2020 at 7:29 PM
no description available
Sen. Ron Wyden: 'The consumer data that Envestnet collects and sells is highly sensitive.'

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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

The RIA software 'trailblazer' and co-founder of MoneyGuidePro has been working on departure for a year; will transition to a 'consultant,' company says

January 7, 2023 at 1:50 AM

November 18, 2022 at 2:56 AM

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 at 2:27 AM

Envestnet and Edmond Walters end odd couple 'Apprise' relationship with buyout, but leave open the door to jointly pursue RIA-to-entrepreneur dashboard... later

The MoneyGuidePro owner and eMoney founder execute clean break with Apprise IP rebranded as 'Wealth Studio.' Walters off to the races with a startup and vague promise to collaborate later.

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Mentioned in this article:

Envestnet Inc
Top Executive: Jud Bergman

Jeff Spears

Jeff Spears

January 28, 2020 — 11:05 AM
Seems like we have fought this battle with banks and MyCFO before. Not sure who won but I feel the consumer didn’t. My experience with regulators is the are focused on the issue but don’t have any definitive guidelines.
Bill Winterberg

Bill Winterberg

January 28, 2020 — 2:22 PM
In 2016, Intuit was the number one contributor to FTC letter co-author Anna Eshoo's campaign, with $35,225 (plus $8,100 in 2020 and $8,200 in 2018). Would this potentially influence any calls for investigations against companies that could be viewed as Intuit competitors, such as Envestnet Yodlee? In addition, Eshoo announced in January 2019 that Asad Ramzanali, a former Intuit executive, would serve as her new senior technology policy advisor. Why was Intuit excluded from the stated concerns over consumer financial data privacy disclosures in the letter to the FTC? <a href="https://twitter.com/BillWinterberg/status/1218243689157361664?s=20">https://twitter.com/BillWinterberg/status/1218243689157361664?s=20</a>
Pete Giza

Pete Giza

January 28, 2020 — 3:29 PM
This is especially ridiculous considering the breaches and subsequent loss of privacy, identity and material losses that one can only speculate associated with credit agencies like Experian et. al.

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