RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

After Envestnet rebuffed an ESG hedge fund's demand for a board seat, the fund managers sent a shrill, scalding letter in retaliation to force the issue

The Berwyn, Pa., firm invited invective by allegedly stiff-arming the startup ESG fund's request, even though it holds a 7.2% stake in the company.

Admin:
no description available
Lauren Taylor Wolfe: Management and the board seem to have attempted Kabuki theater.

Related Moves

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

November 18, 2022 at 2:56 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.

April 6, 2021 at 12:50 AM

Envestnet turns to former FIS executive -- and replaces a CTO -- to help shape up the firm's disparate offerings into a unified whole around the concept of 'wellness'

The Chicago outsourcer gets Donna Peeples to harmonize products and marketing to move beyond the 'TAMP' label as Orion contends for market share with Brinker added.

November 10, 2020 at 2:45 AM

See more related moves

Mentioned in this article:

Envestnet Inc
TAMP
Top Executive: Jud Bergman




Brian Patrick Murphy

Brian Patrick Murphy

November 16, 2022 — 7:44 PM
Impactive is correct - Envestnet has skated along far too long without delivering anything new of real value to the investment community. To the extent the market allows such a concern to trade at the ridiculous multiple it does based on a turnaround story, probably has more to do with easy money than any real expectations of an organic turnaround occuring. I side w/ Impactive on this - but seems like they're going to have to raise their stake to 15%, or wait for the company's shares to collapse before they get any traction. Impactive will get an opportunity, they'll just need to be patient.

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo