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InvestCloud -- long tagged an 'Envestnet killer' -- sold at $1-billion valuation level, gets added to Tegra118, but some say, not so fast

The LA-based startup's 'data layer' serves as a lingua franca for applications, but it's still icing in search of a cake; yet Tegra118 could be the cake, believers say

Author Brooke Southall February 12, 2021 at 12:14 AM
1 Comment
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Rob Heyvaert: Today marks both our collective intent and an important opportunity for the industry, as the newly formed InvestCloud Group unveils its combined vision

Technology


Jeff Spears

Jeff Spears

February 12, 2021 — 1:13 PM
Our picks and shovels continue to improve. Now we need to find more gold.

Related Moves

April 8, 2025 at 1:49 AM

New Envestnet CEO first reached out to his financial advisor before accepting Bain Capital's offer to take over one of the advisory industry's largest service providers

The Harvard-Yale-McKinsey alum got a 'level of specificity' from chatting with his advisor firm's CIO about Envestnet's 'importance' and 'how it could be better.'

January 22, 2025 at 2:43 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

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Mentioned in this article:

Envestnet Inc
TAMP
Top Executive: Jud Bergman



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