Articles tagged "Bain"
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With Bain deal [all but] locked down, Envestnet writes off last $96 million of Yodlee 'goodwill,' and the dwindling unit's fate now awaits 'board' verdict
Envestnet has now written off 48.6% of the $590 million it spent buying Yodlee in 2015, after unit failed to meet expectations as standalone data purveyor or internal 'wellness' engine.
August 13, 2024 at 7:43 PM
Bain Capital may be set to buy Envestnet, Reuters reports; Sudden RIA industry mega PE player must find CEO, resolve Yodlee riddle to move forward
The famed Boston private equity firm already has big stakes in Carson Wealth and CI Financial and may be in the hunt for other acquisitions.
July 8, 2024 at 11:25 PM
Ron Carson is out as Carson Wealth CEO three years after Bain buys a big stake and subdued asset growth persists; Ron Carson pivots life toward leading a 'movement'
The majority owner of the $35-billion RIA remains chairman but will shift focus to 'humanitarian' concerns
April 10, 2024 at 2:54 AM
Eric Clarke makes seven big Orion hires that reflect the big check it wrote to Bain & Co. -- including a 'poach' from his brother, Todd
The word-of-God consultant told the Omaha, Neb. software maker to build Eclipse, which worked well, and sparked demand for asset management and marketing experts
January 12, 2018 at 7:28 PM
LPL loses a mega-client -- but not to a competitor
The big IBD also confirmed long-whispered rumors that it's begun to offshore some operations
