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Envestnet's shares are surging; it's getting Tamarac's 1,000-plus RIAs to invest more of their $1.2 trillion of assets in its managed accounts and MoneyGuidePro is succeeding as part of the Tamarac bundle

CEO Bill Crager told analysts that RIA clients are connecting to his Chicago outsourcer more broadly, improving profits and making the outlook bright

Author Brooke Southall August 15, 2020 at 1:46 AM
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Bill Crager: I don't think because we're in a COVID uncertain age, that we're seeing the growth that we saw over the last quarter.




Evan Rapoport

Evan Rapoport

August 15, 2020 — 3:13 PM
Brad highlights an issue with legacy TAMP/UMA technology that is not often talked about, the latent nature of their systems and trading and their lack of ability to keep up with today's fast moving markets. There is no reason that an advisor AND a third party asset manager shouldn't be able to trade in the same account in a fast moving market without issue, and that is exactly what they can do on SMArtX and with SMArtX UMA Technology. Our TAMP tech is the only tech available to provide real time trading, reconciliation, tax loss harvesting and reporting, all within true sleeves. Using old UMA/TAMP tech in a market that can move 10% in a day is like taking an old ship into a storm, you may get through, but it's going to be a pretty terrible ride. And I don't think these days are going to end here.

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July 23, 2020 at 1:42 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

The Berwyn, Pa., firm sugar-coated nothing but ended up with a sweet stock price result as analysts see good outweighing bad.

February 24, 2024 at 3:33 AM

Bill Crager is dropping CEO role after multiple shoes dropped; the company insists it was his 'decision' but vision, Yodlee future uncertain

The co-founder of the $5.3-trillion AUA outsourcer of software and investments was pressed to take the job under the most adverse circumstances, then second-guessed by stakeholders as he managed the cards he was dealt.

January 9, 2024 at 4:09 AM

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Mentioned in this article:

Financial Planning Software
Top Executive: Bob Curtis

Envestnet Inc
Top Executive: Jud Bergman

Envestnet | Tamarac
Portfolio Management System, CRM Software, Trading/Rebalancing
Top Executive: Stuart DePina

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