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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
no description available
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.

Related Moves

Envestnet nabs Dani Fava to cross-pollinate semi-autonomous units and reap 'financial wellness' as the end product

The Chicago outsourcer has a massive, partially disconnected arsenal of products that CEO Bill Crager is rationalizing into 'wellness' with yet another new unit.

July 23, 2020 at 1:42 AM

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

See more related moves

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

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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