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Lauren Taylor Wolfe goes for Envestnet's throat by demanding four of seven board seats -- including her own -- in what one analyst views as a budding 'hostile [board] takeover'

The 7.5% stakeholder in New York City claims the Berywn. Pa., firm has been run with an 'abandonment of fiduciary responsibility.'

Author Brooke Southall January 5, 2023 at 5:16 AM
Admin:
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Lauren Taylor Wolfe: Change must begin at the Board level.
Keith Girard contributed to the editing of this article.

Brian Murphy

Brian Murphy

January 5, 2023 — 8:50 PM
I applaud Impactive for moving forward on their mission. Envestnet does have a compelling list of assets that should be better leveraged than they have been. For example, they've never figured out how to do much of anything with Yodlee, which is a real shame. It's time for a wholesale change and am glad to see Impactive stepping up to push the issue.

Related Moves

Bill Crager makes critical hire of 'step back from the numbers,' Joshua Warren, replacing 'brother' Pete D'Arrigo at CFO; Warren had a big role at BlackRock -- Envestnet's biggest stakeholder

The Envestnet CEO gets 'very, very impressive' 43 year-old BlackRock exec; the New York asset manager happens to be Envestnet's largest stakeholder.

September 27, 2023 at 2:48 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

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

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Mentioned in this article:

Envestnet Inc
TAMP
Top Executive: Jud Bergman



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