Articles tagged "Envestnet"
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Bain Capital plays talent card to replace Envestnet's take-private CFO Josh Warren • Vanguard nabs new exec to figure out alts, it seems • Robinhood opens football bets, then sues • Advisor CRM's 'AI' catch-up • SEC delays Trump ETF date • ETFs explode in number
After 11 years at Nuveen, Bill Stout is Vanguard's alts man of the moment • Betting a 'no-brainer' for Robinhood exec. • Bain Capital protegé is new Envestnet CFO • CRM shop adds AI to keep up with CRM Joneses • SEC prevaricates over controversial Trump ETF • 640 ETFs launched in 2025.
August 27, 2025 at 3:56 AM
Envestnet's six-year legal fight over software 'misappropriation' dealt likely major blow after a key ruling that it purposely destroyed possible damning evidence
Special court-appointed master blasts Envestnet for handling of crucial data, clears way for jury trial but also stops short of recommending harshest sanction
August 21, 2025 at 3:27 AM
Orion's prideful 'cementing' release and its '$5-trillion' milestone prompts rivals -- Black Diamond, Tamarac, Addepar, Advyzon -- to counter with performance data and stories of triumph and momentum of their own
The top four performance software makers have grown their administered assets by an average of 177.6% in the last five years, but it's still a horse race when it comes to 2030 and beyond
August 9, 2025 at 1:58 AM
Envestnet is offloading Yodlee to private equity buyer back in Silicon Valley, which values its 'trusted data access and intelligent analytics'
Under new CEO and new owner, the Berwyn, Pa,, wealth platform is liquidating the account aggregation unit and maintaining long term license agreements
June 25, 2025 at 4:51 PM
After hitting $2.7 trillion in RIA assets, Envestnet adds an RIA executive position to expand wallet share with existing wealth clients -- many of them Tamarac users
The Berwyn, Pa., outsourcer long focused on 100,000-plus IBD reps but promises deeper 'commitment' to RIAs whose assets represent near 42%.
June 11, 2025 at 11:03 PM
Envestnet drops plan -- for now -- to enter RIA custody, opting for 'deepened integrations' with Fidelity, Schwab, and Pershing in first major reveal since Bain Capital buyout
New CEO Chris Todd promises technology, solutions, insights and partnership with custodians, also including Goldman Sachs, Altruist and Axos
May 28, 2025 at 4:28 AM
Envestnet quietly cleans up a mess behind take-private veil • Michael Kim is now a two-TAMP CEO • Bill Ackman scolds Trump, Lutnick for tariff overkill, alleged conflicts •
Kim is now head of 'RIA' TAMP • In broad daylight, AssetMark edges closer to swallowing Adhesion • Ackman irked over ‘massive, disproportionate’ tariffs • Fisher sees market upside, if and when tariffs fail.
April 8, 2025 at 1:49 AM
Briefs: Focus Financial gets second happy Hollywood ending in LA lawsuit • Orion closes deal in record 14 days • iCapital buys ID shop • VC milestones & raises • People moves at Apex, Dynasty & Wealthfront
A Hollywood RIA took on Focus and Goldman, and lost • Reed Colley is already in the house • The SEC dings Robinhood, Schwab and Vanguard Group, and FINRA dings Fidelity • Vanguard & Schwab launch ETFs • BlackRock plots mixing alts & annuities in a TDF • Dynasty adds golf exec in HR hire • iCapital buys 'AI' KYC shop • Larry Shumbres start-up off to the races • Wealthfront's media guru departs.
January 24, 2025 at 2:40 AM
New Envestnet CEO first reached out to his financial advisor before accepting Bain Capital's offer to take over one of the advisory industry's largest service providers
The Harvard-Yale-McKinsey alum got a 'level of specificity' from chatting with his advisor firm's CIO about Envestnet's 'importance' and 'how it could be better.'
January 22, 2025 at 2:43 AM
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.
