Brooke Southall

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.

Keith Girard

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'

Envestnet

Lauren Taylor Wolfe

Bill Crager

Outsourced investments are one of the fastest-growing categories in the financial advisory world. Perched between
the asset custodian and the financial advisor, these (mostly) turnkey asset management programs can handle all or a 
portion of their investing, technology and fiduciary duties.

Advocates of using these TAMPs point to how it's better for the advisor because it frees up more time to spend with clients and prospects. It's also better for clients because the duties are being handled by specialized professionals who benefit from economies of scale.

Skeptics say that it adds a layer of cost and takes away an element of control from the advisors in executing according to a client's financial plan.

TAMPs

The RIA business is many good things but integrated from a gender standpoint is not one of them. This is not so great. Women are the majority of humanity and they have an asset-building strategy that can't be beat. Women outlive their beer-and-steak mates and end up with big estates. But today's women have too another strategy -- pursuing wealth in the workplace. Yet when they go to find fellow women to talk all this through with, they don't readily find them. 

Companies big and small have for decades fallen over themselves to say that they have women's initiatives but I can't think of one that has amounted to much. But there are stories-- dozens or hundreds -- of them about women exerting their influence on this business and we are starting to collect them. It's a starting place -- documenting the ground being covered by women in the form of engaging tales graphically depicted by the physiognomy of the fairer sex.

Women of Wealth Management

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

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'

Brian Murphy

Related Moves

February 24, 2024 at 3:33 AM

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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'

Brian Murphy

Related Moves

February 24, 2024 at 3:33 AM

January 9, 2024 at 4:09 AM

September 27, 2023 at 2:48 AM

January 7, 2023 at 1:50 AM

RIABiz Directory

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