News, Vision & Voice for the Advisory Community


With Envestnet-Yodlee help, Charles Schwab & Co. puts finishing touch on freemium model with free planning; it also -- Personal Capital style -- launches freebie tools for non-Schwab clients

The San Francisco-brokerage is private-labelling MoneyGuidePro plan software and Yodlee for aggregated account data, to launch free retirement planning onto the market ahead of closing its merger with TD Ameritrade.

Author Oisin Breen August 22, 2020 at 5:05 AM
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Cynthia Loh continues to draw up a digital model at Schwab.


Peter Giza

Peter Giza

August 22, 2020 — 12:41 PM
The talk of all this wonderful collection of client data into support system(s) and various tools such as planning etc., is a very important step in our industry's technological advancement. It's a bit ironic that we are getting closer to the reality of STP (straight thru processing) being the norm in an atmosphere of low to no cost products and applications. It's the age of digital commoditization. WRT to the use of data and how we manage it, we're 5 years behind, but at least we've arrived! Pete Pete Giza | CPO [ AdvisorPeak
Stephen Chen

Stephen Chen

August 23, 2020 — 10:15 PM
It's always scary as an early stage company to see a huge firm following your playbook, but hopefully it's good validation for our model at https://www.newretirement.com/ We continue to believe that being fully independent (freemium / subscription model), super low cost (no huge infrastructure driving upsells or hidden fees) and 100% focus on our own in house digital first planning platform will let us successfully compete. Guess we'll find out.

Related Moves

April 20, 2024 at 2:54 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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Envestnet Inc
Top Executive: Jud Bergman

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