Envestnet stock skidded 35% -- so will it force a rethinking of the Yodlee deal?
The Chicago-based outsourcer's bid to increase shareholder value hazards a counterproductive outcome
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Behind the scenes, Envestnet's board of directors had much to tussle over before finally subtracting the 'interim' from Bill Crager's CEO title
With Jud Bergman gone at a chairman, a power struggle ensued to fill that spot, and the process dragged when taking the company private came under review
April 2, 2020 at 2:34 AM
Bill Crager shuffles the deck on management team created just seven months ago: Tony Leal is out of 'Big Three' inner circle, replaced by Morgan Stanley vet Rose Palazzo
The RIA software 'trailblazer' and co-founder of MoneyGuidePro has been working on departure for a year; will transition to a 'consultant,' company says
January 7, 2023 at 1:50 AM
Biz Briefs: SEC cracks down anew on RIA reverse churning ~ Envestnet borrows $350 million to buy its own stock ~ Fidelity is creating a crypto waiting list while exec questions crypto ecosystem
Fed up SEC is ready to take on all nonsense at once; stock shocks, Orwell's new name game; Fidelity hosts a line dance
November 18, 2022 at 2:56 AM
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
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Envestnet Inc
TAMP
Top Executive: Jud Bergman
Stephen Winks
In order to add value a recommendation must be evaluated in the context of its impact on all the client’s holdings as a whole. Otherwise it is not possible to determine whether a recommendation increased return, reduced risk or enhanced the tax efficiency, liquidity or cost structure of the portfolio as a whole—not possible win in brokerage compliance protocol, a point missed by media and financial analyst. Yodlee simply positions Envestnet and Yodlee users in a very dynamic space where extraordinary innovations are advanced in providing individualized advice (fiduciary counsel). This is a major development in the evolution of advisory services not just because of the Yodlee technical capabilities but because of the collaborative innovation made possible by Envestnet in advisory services. This leadership is difficult to achieve as a contractor, it requires ownership. There is indeed pressure on Envestnet to innovate beyond status quo, there s extraordinary power in bringing expert authenticated fiduciary standing within the reach of all who wish to act in their client’s best interest. Even if innovation is one step at a time—there is the promise that Envestnet will greatly enhance advisory services beyond a commission sales orientation which has plagued the professional standing of brokers when rendering advice..
SCW
Stephen Winks
