Quovo rakes in $4.75 million from VC backers and a triumvirate of angel RIAs: Carson, Bicknell and Lockshin
The mini-Yodlee is ready to play the feisty startup role in the RIA account aggregation market
Related Moves
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
Ron Carson ends national search for chief marketing officer by doing a local M&A deal using his favorite HR broker -- Eric Clarke
When Eric Clarke decided he'd play matchmaker, the hyperactive Carson Group CEO snapped up Mineral Interactive and made a creative deal
October 5, 2018 at 6:05 PM
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
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Envestnet Inc
TAMP
Top Executive: Jud Bergman
Carson Group
Consulting Firm
Top Executive: Ron Carson
Quovo
Portfolio Management System
MRJ
Quovo is no better than ByAllAccounts. BAA is actually better because they have dealt with these issues for years now and easily fix issues. We use both and the only reason Carson or any of the others are saying how great it is, is because they invested in them hoping some dumbo will scoop up this tech like Envestnet did with Yodlee. Don’t waste your time or money using Quovo unless all you want to bring in is basic position info – transactions? Forget about it.
Stephen Winks
If you build around a vendor, you don’t own the intellectual capital or the value ascribed to that technology. Thus, if the objective is to build value you must own core technology. It is not a question of whether Quovo is better or not, it is a question of literally owning one’s value proposition so it can be sold. Ultimately, no one will pay you for an enterprise driven by technology you do not own, as they would simply go for the third party source code where the value resides.
SCW
Stephen Winks
WinkDink
Great Move by Envestnet
