Articles tagged "Envestnet"
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A day ahead of IMPACT 2024, Envestnet and Schwab say they will kill off mutual RIA 'pain points' and pledge continued cooperation to co-served RIAs -- even as each edges onto the other's channel turf
The big San Francisco event begins tomorrow, and co-client RIAs may harbor questions about whether the long Schwab/Envestnet cooperation will continue, as giant leadership changes are scheduled to happen at both
November 19, 2024 at 4:03 AM
DPL gets Envestnet to display its data in performance reports -- to complete Big Three that also includes Orion and Black Diamond, enabling RIAs to show -- and bill for -- annuities like asset funds
The Louisville, Ky.-based fee-based annuity distributor to 10,000 advisors from more than 3,500 RIA firms only had about 250 advisors that used Envestnet but the data may begin to grow that
November 13, 2024 at 4:27 AM
Envestnet's five-year legal slugfest with fintech over alleged 'Trojan Horse' theft of killer app cleared for trial, likely a speedbump, not a wrench, for Bain acquisition or Yodlee sale
Judge Jennifer L. Hall dismissed two summary judgment motions and a series of futile counterclaims that likely paves the way for a settlement
October 23, 2024 at 4:37 AM
Envestnet shareholders make it official, they want out of public shares, clearing Bain Capital to press forward -- leaping other hurdles and getting the TAMP at a cash-in-hand discount
The in-limbo Berwyn company still doesn't have a permanent CEO and one losing bidder was FNZ, which is also its named RIA custody partner
September 26, 2024 at 2:43 AM
Envestnet shares climb after it drops 63-page bombshell disclosure about late $70 bid from competitor's board member before settling on $63.15 bid from Bain
The Berwyn, Pa., firm accepted the lower Bain offer ahead of ' Strategic Party A's' sweetened bid because the latter wanted 'several weeks' to procure cash and no part of 'Yodlee' unit
August 15, 2024 at 2:23 AM
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
Raising an eyebrow but no alarms, BlackRock again presses 'vertical integration' with RIA distribution, something GeoWealth seized upon in latest $18-million round
The $10-trillion manager, which has no salesforce, is 'powering flows' by allying, as vendor and owner, with RIA outsourcers like GeoWealth, after previous success with Envestnet and iCapital.
August 5, 2024 at 11:53 PM
The minor 20-year Fidelity and Envestnet collaboration just got major as FMAX begins to take off and the two companies seek to press the advantage
The Boston clearing and custody giant has been using the Berwyn, Pa., TAMP/SMA giant for managed accounts, but now Fidelity is making Envestnet a big software partner to make its own TAMP a 'category killer.'
July 11, 2024 at 12:09 AM
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
Envestnet's shares soar on Reuters report about 'receiving interest' for takeover, the latest in a line of reported attempts
The Berwyn, Pa., firm, dogged by activist investors and minority shareholder, BlackRock, is getting more active.
April 16, 2024 at 7:22 PM
Briefs: Schwab shares soar past $71 as two negatives get more positive • Yodlee upgrades after writedown • eMoney's new dashing portal lands • Ritholtz drops freebie
Schwab pares short-term borrowing costs • Yodlee hires document-scraper • eMoney adds portal customization • Ritholtz settles into middle-age with fatter fees.
March 22, 2024 at 12:33 AM
Dani Fava is out at Envestnet -- to capitalize on AI revolution at a new firm, she hints
The ex-TD Ameritrade talent was hired by CEO Bill Crager in 2020 to harmonize acquisitions -- not least MoneyGuidePro and Yodlee that the company still grapples with
March 20, 2024 at 1:25 AM
Envestnet shares popped -- up 8% today -- after Wall Street filtered out bad news and staked its bet on confidence in a new team
The Berwyn, Pa., firm sugar-coated nothing but ended up with a sweet stock price result as analysts see good outweighing bad.
February 24, 2024 at 3:33 AM
On Bill Crager's last CEO call, Envestnet does bad-news dump -- a big Yodlee-related write-off -- but dangles bright future where Tamarac becomes the mouth of its sales funnel
The outsourcer swallowed a $191-million bitter pill, explained the data disaster that led to it, offered minimal forward guidance on results, or a future CEO, but Tamarac RIAs are catching on as SMA clients and imminent RIA custody is deemed 'extremely strategic'
February 23, 2024 at 3:18 AM
Familiar faces -- Bill, Eric, Oleg and Joel -- dominate Day One at T3 but Syntax Data and SoraFinance get their moment -- and Oleg brandishes app marvel
The big companies like Orion, Envestnet and Invent cement the 20th anniversary of the Joel Bruckenstein event with bundle-ism, but green sprouts of new firms are everywhere; the kids get AI
