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Articles tagged "Envestnet"


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The SEC (headquarters pictured) is keeping a sharp eye on RIA wrap fee programs.
November 18, 2022 at 2:56 AM

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

George Tamer: Portfolio management is a mature category, but the opportunity to innovate remains massive.

An unprecedented wave of 'disruptive' competitors are challenging 'The Big Four' RIA performance reporting firms by thinking past 'the cloud' and bundles

Black Diamond, Orion Tamarac and Addepar built a $10 trillion mountain of AUA by taking RIAs to the cloud, but a number of firms are emerging to challenge the status quo.

June 2, 2022 at 3:50 AM

Bill Crager: If there was ever anything that we felt we needed to convey [or] announce, we would, of course, do that.

Envestnet go-private sale odds plummet after Bill Crager's answer to analyst's question over the possibility; stock craters, cutting chances of it happening to one-in-four, analyst says

Investors responded to the Envestnet CEO's remarks -- and analyst takes - of yesterday's earnings call by sending company shares down sharply, while president Stuart DePina's future role remains murky.

May 6, 2022 at 7:24 PM

Colin Falls: 'To compete as a TAMP, you have to be a technology company.'

GeoWealth raises $19 Million to out-tech Orion, SEI, AssetMark and Envestnet on RIA outsourcing but then goes after their talent, too

The Chicago TAMP grew fourfold in four years before J.P. Morgan Asset Management and Kayne Anderson Capital Advisors made a big investment in the recharged no-name

January 22, 2022 at 3:15 AM

Adam Green needed only one year to catapult his 2020-launched product to the big leagues.

Envestnet leads $18.5-million 'A' raise to shore up the '40' in the $5-trillion -plus of 60/40 portfolios it adminsters for 108,000 advisors

The giant Chicago outsourcer buys a bigger stake in YieldX and jacks up its prospect list with its own, as safety and yield become a priority in environment where a blue chip, 30-year gets 1.87%.

December 7, 2021 at 1:59 AM

Dana D'Auria: 'Every basis point counts.'

Envestnet files to launch its first four ETFs and invents a category -- an active-and-passive approach it tried first with mutual funds

The Chicago outsourcer is hopping on half a channel lane to sell house-brand ETFs that may make nifty 'sleeves' for model portfolios.

November 30, 2021 at 2:21 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

David McNatt:  It's not about having a supermarket.

AssetMark widens offensive on Envestnet by creating SMA mini-market after canceling the product line in 2017 as demand for direct stock ownership shoots up

The Concord, Calif., company, with $85 billion in TAMP assets, is rebooting with tighter manager curation and software that allows SMAs to work better in a portfolio with non-SMA products -- namely ETFs.

September 14, 2021 at 10:26 PM

Bill Crager stuck to his guns.

Envestnet shares soar near $80 after S&P 400 inclusion --a round trip from the February low price of $64 after CEO Bill Crager disclosed spending plan that irked analysts

The Chicago outsourcer for 106,000 financial advisors saw its stock price rise about 11% after the active manager got assurances its shares will be added to passive portfolios

June 4, 2021 at 8:29 PM

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

Edmond Walters: 'I’m building things that I like to build, which are things that don’t exist.'

Envestnet and Edmond Walters end odd couple 'Apprise' relationship with buyout, but leave open the door to jointly pursue RIA-to-entrepreneur dashboard... later

The MoneyGuidePro owner and eMoney founder execute clean break with Apprise IP rebranded as 'Wealth Studio.' Walters off to the races with a startup and vague promise to collaborate later.

April 6, 2021 at 12:50 AM

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