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Articles tagged "Bill Crager"


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Lauren Taylor Wolfe: Management and the board seem to have attempted Kabuki theater.

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.

November 16, 2022 at 2:49 AM

Bill Crager: We look forward to working closely with FNZ to provide scaled, streamlined, deeply connected experiences

Bill Crager reads the room and commandeers State Street's old RIA custody unit for Envestnet with FNZ deal

With sandbox rules out the window, Envestnet CEO will private label re-branded State Street Wealth Manager Services -- 'one of biggest long-term opportunities to date,' analyst writes

November 10, 2022 at 10:48 PM

Ron Ransom: 'You can't be all things to everyone.'

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

Stuart DePina's exit is part of 'pivotal moment' in play to 'better innovate.'

Envestnet finally, officially, (mostly) parts ways with Stuart DePina but adds back his old Tamarac division then promotes Dana D'Auria, Farouk Ferchichi, Tony Leal and Tom Sipp in a major new restructuring

The $5-trillion Berwyn, Pa., software, investments company and Yodlee owner reveals the next generation of leaders succession and, it hopes, success for shareholders

June 8, 2022 at 12:17 AM

Anil Arora leaves Envestnet at a high valuation, $4.55 billion.

Anil Arora resigns from Envestnet board the same day as his new company gets backing at an eye-popping valuation

The ex-CEO of Yodlee left his executive role at the Chicago outsourcer a while back but TIFIN is on an upswing

October 29, 2021 at 11:57 PM

Bill Crager: We have relationships with over 5,200 companies, which is up from 3,200 companies just three years ago.

Envestnet just surpassed $5 trillion in assets and 108,000 advisors on its platform but profits were flatter as rising tide of inflows floats financial services boats

The Chicago-based amalgam of investments and software keeps growing the top line but reaping rewards from its semi-captive audience is still a work in progress

August 18, 2021 at 2:02 AM

Stuart DePina: It's not sexy ... [but] we expect that over the course of the next 18 to 24 months you'll see a lot more.

Bill Crager buys Wall Street patience by detailing how Envestnet can rent out brainpower, deliver 'wellness' and be rewarded with revenues at an astounding 40 basis points higher

The CEO projects his Chicago outsourcer will pump out 10 million advisor action-items to 106,000 advisors, and it just hired a bevy of new executives to become more of a data company in the next five years.

May 27, 2021 at 9:30 PM

Bill Crager: I think we need to accelerate post-COVID the investment to get there faster.

Envestnet shares nosedive before regaining some ground after Bill Crager lays out bold new 'post-COVID' vision and tosses one 'curveball'

The stock lost 20% of its value Friday (Feb. 26), after the Chicago outsourcer's CEO revealed plans to be a digital supermarket to financial supermarkets but at the expense of some 2021 earnings growth

March 2, 2021 at 2:47 AM

Bill Crager is sold on financial wellness. The concept was mentioned 29 times in less than an hour at an earnings call.

Pressed by a Wall Street analyst, Bill Crager defines 'financial wellness,' a touchy-feely 'Hallmark' concept that just happens to be sweeping the financial services industry

The Envestnet CEO was self-deprecating about the 'Hallmark card' aspect of financial wellness but is targeting the company's full arsenal of products and services on the sweet equilibrium between money and life.

October 27, 2020 at 9:32 PM

Yodlee wobbled for 18 months but it never tumbled into the abyss.

Never mind the short-term gains, Bill Crager tells Wall Street he's keeping Yodlee as it wins back accounts from the Plaid-era firms with oodles of value yet to be unlocked

Envestnet modernized Yodlee, cut fees, after clients dumped it for upstarts and now the fixed-up fixer-upper is worth more in-house than on the auction block, CEO Crager says.

September 14, 2020 at 8:47 PM

Dani Fava: I have been able to get to know Envestnet's unified technology platform through our deep integrations over the years.

Envestnet nabs Dani Fava to cross-pollinate semi-autonomous units and reap 'financial wellness' as the end product

The Chicago outsourcer has a massive, partially disconnected arsenal of products that CEO Bill Crager is rationalizing into 'wellness' with yet another new unit.

July 23, 2020 at 1:42 AM

Bill Crager (left with Jud Bergman) finally replaces his dear friend as CEO, but filling the chairman spot had its own complexities.

Behind the scenes, Envestnet's board of directors had much to tussle over before finally subtracting the 'interim' from Bill Crager's CEO title

With Jud Bergman gone at a chairman, a power struggle ensued to fill that spot, and the process dragged when taking the company private came under review

April 2, 2020 at 2:34 AM

Bill Crager has another issue on his plate, the possible sale of Envestnet or Yodlee.

Envestnet, caught in speculative web over possible Yodlee spinoff--or sale of company, itself--has Wall Street scrambling to buy on the rumor

'Large private-equity firms, in particular, are said to be interested,' Barron's reports, but who's driving the conversation--the company, news media or speculators?

February 3, 2020 at 8:26 PM

Bill Crager: Broker-dealers and banks will become service providers and solution enablers for a new breed of advisor and with our partnership with Dynasty we will be able to offer support as these models emerge and evolve.

After finally knocking down a wall at LPL, Envestnet takes a minority stake in Dynasty Financial, puts Bill Crager on the board and prepares for future upmarket

The Chicago outsourcer hopes to go deeper with big RIAs and enterprises -- starting with an exchange of B2B loans and other wares from Shirl Penney's firm.

January 10, 2020 at 2:33 AM

Bill Crager: It's very hard to understand what happened. The word shocked breathtaking stunned don't describe it.

Interim CEO Bill Crager no-comments sale rumors but affirms 'leadership clarification' is coming soon as Envestnet quickly converts 100 PortfolioCenter users to Tamarac

In first quarterly meeting since Jud Bergman's death, wingman Crager had good news that includes major deal with Equifax

November 14, 2019 at 11:31 PM

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