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Articles tagged "SMArtX"


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Courtney Robertiello will bring two decades of experience at Envestnet to bear on an upstart competitor's success.

SMArtX is loading up on Envestnet talent as re-peopling rolls on -- post Morningstar disruption -- with two hires from the Berwyn, Pa., TAMP

The West Palm Beach, Fla., TAMP is getting Courtney Robertiello and Jacqueline Burke, and their staggering 29 years of experience for 'growth and innovation,' the company says.

July 4, 2024 at 2:09 AM

Dan Phillips [Northern Trust photo]: I’m excited to be a part of the rapidly evolving fintech industry.

SMArtX issues its own press release one day after Morningstar's ominous news about AssetMark deal -- that could yank $12 billion from SMArtX back to APL

The West Palm Beach, Fla., TAMP had the Chicago company as a white knight customer and VC backer but the vendor relationship might be in peril, analysts say

June 26, 2024 at 12:45 AM

During David Pologe (pictured)'s near 10 year stint at AssetMark, the TAMP grew its AUM by 5,635%.

'Spunky' SMArtX finessed its way to $31.5 billion and began a 'freemium' future, but its new CEO is hedging his bets by hiring a TAMP salesman with a track record that glitters like his own

Just 22 days after swapping the SMArtX presidency for the CEO spot, Jonathan Pincus got David Pologe to help sign on new RIAs and brokers and their client assets.

September 15, 2023 at 2:13 AM

Evan Rapoport: You have not heard the last from me.

Chafing at new 'governance,' Evan Rapoport resigns as SMArtX CEO, 15 months after Morningstar became its largest PE investor and giant customer -- and weeks after pivot toward 'freemium' strategy

The West Palm Beach entrepreneur 'endorses' the stictures that hastened his exit, but he's looking foward to green pastures unfettered by rules that more mature companies employ.

August 17, 2023 at 2:37 AM

Evan Rapoport: This is an offering at no cost like nothing the street has ever seen.

SMArtX goes to Plan B -- freemium -- after phenomenal asset growth slows dramatically, but 'free' comes at a price, analyst says

The West Palm Beach, Fla., TAMP launches new strategy after it riveted the industry by adding $25 billion in two years before coming back to earth.

July 11, 2023 at 9:51 PM

Evan Rapoport: It's the enterprise that gets it.

SMArtX rakes in $12 billion of AUM, nets $8.8 billion in six months--thanks to a Morningstar mega-boost-- by selling the novel concept that TAMP assets can be quickly converted to cash on demand

The West Palm Beach, Fla., UMA provider grew about 40% in the six months ended July 29, thanks to a prior deal with the Chicago TAMP and by giving RIAs a power that other TAMPs can't provide.

July 1, 2022 at 12:47 AM

Dan Needham: We seek out companies like SMArtX that are breaking through the boundaries of traditional technology.

Morningstar buys a $30-million stake in SMArtX, gets two board seats -- and a puzzle piece to launch direct indexing later this year -- in the bargain

The Chicago money manager of $251 billion previously said it was supplanting InvestCloud's APL with a SMArtX rental; now it's purchasing a piece of the success it'll help assure

May 4, 2022 at 2:54 AM

Jonathan Pincus is a Northern Trust ringer with a track record.

With $4 million VC raise fresh in hand, SMArtX takes next step to shed Black Diamond shadow by hiring a president/COO who casts his own

.Jonathan Pincus took overseen assets at Northern Trust from $3 billion to $70 billion at his Chicago firm and learned about SMartX after in his old role

May 22, 2020 at 9:36 PM

Barrett Ayers: Adhesion may increase its headcount by a further 40% in the coming year, a pace of hiring  that will continue for the 'foreseeable future.'

Vestmark credits a 'tip-off' and an unlikely rocket propellant -- advertising spend -- for Adhesion's 68% asset jump in first-year under its wing

When the Wakefield, Mass., TAMP bought Adhesion in 2018, its execs cited its 'be-like-Envestnet' mindset for growing RIA marketshare

April 7, 2020 at 12:58 AM

Laura Levesque: Fee pressures are considerable but defined contribution plans may pick up the slack.

The super-TAMP 'OCIO' category suddenly, finally looks mortal in 2019, says Cerulli report, but modest reinvention and price cuts could give it a new run

The outsourced chief investment officer industry exploded to almost $2 trillion globally and $1.4 trillion in the US, by striking a balance between TAMPs and consultants that propelled 20% growth without much fee pressure, the Boston consultant shows.

December 23, 2019 at 6:22 PM

Evan Rapoport: There are so many users of TAMPs that are uninformed about how to maximize the advantages of the UMA structure.

The exclusive deal SMArtX cinched with Black Diamond is yielding Tiffany results, and now SmartX is hiring to keep up

Growth is not an option for the tiny West Palm Beach concern after its SS&C alliance after AUM all but doubles in recent months requiring more inventory, expertise and staff

April 10, 2019 at 11:05 PM

Frank Wilkinson: If you're a consulting client and paying less in fees, how are you not concerned that the OCIO clients who are [spending] more are getting preferential treatment?

Oisin's Bits: Vanguard aborts banking effort, because it was more fixated on beating BoA than being itself, an analyst says; SEI is killing it in the Mercer/Russell realm by competing with a retrofitted TAMP-thingy

The $5.3-billion Malvern, Pa. monster finds its investors want it to stick to investing, not checking accounts and the Oaks, Pa. TAMP leader gets upmarket with no-conflict pitch and product fit and

March 22, 2019 at 11:22 PM

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