News, Vision and Voice for
the Advisory Community
advertisement

Content tagged "Envestnet"

Envestnet Inc.

Filed under: Outsourcer, Portfolio Management System, TAMP
See full listing in the directory »

Envestnet | Prima

Filed under: Consulting Firm, Manager Research, Tech: Other
See full listing in the directory »

Bill Crager: The content race will be on and we'll open up a whole new competitive landscape for asset management.

Having won advisor assets, Envestnet's next -- more Google-like -- play is for their smarts
The Chicago outsourcer will soak up and synthesize information from 23,000 advisors and distribute it in real time in an effort to create one big giant brain out of an atomized industry

Friday 5.10.13
Sallie Krawcheck: I worry our industry will become the Republican party -- with middle-age white guys talking to middle-age white guys, saying that we need to change.

At Envestnet event, Sallie Krawcheck alludes to Crager alliance, blasts women-as-niche marketers and edges perhaps closer to endorsing the RIA model
The former wirehouse exec is satisfied with her own 'gal about town' status but not 'Republican' tendencies of financial advisors

Tuesday 5.7.13
Jud Bergman: Many of them have experienced an ah-ha moment. That's the moment that all pioneers love. (Photo courtesy of Tiburon Strategic Advisors)

Envestnet breaks out ENV2 to oohs, aahs and a few groans at its bust-out event in Chicago
After years of cobbling on capabilities, the TAMP streamlined and made tablet-compatible its web presence, though not to pure approbation

Thursday 5.2.13
Jud Bergman: I think institutions are seeing this as a way go participate in large trends.

As Envestnet shares soar, the firm extends its offerings further beyond RIAs with $33-million deal
With the Chicago-based outsourcer's stock now up about 75% in the past year, it picks up a Prudential unit that has sweet ties to trust companies

Monday 4.15.13
Savneet Singh: With RIAs we had to build our own platform since we weren't integrating into someone else's. As you can imagine that is a big tech build.

How a TAMP, a New York startup, a $14-billion hedge fund and Brinks are part of bringing cold, hard gold closer to RIAs
Merrill Lynch was first to put Gold Bullion International at advisor fingertips, but now Envestnet will make it easier for independents

Friday 4.5.13
Adam Birenbaum: We fundamentally believe that a group will emerge as a large practice that will compete against the wirehouses.

Top 5 most influential RIA figures of 2012 going into 2013
Putting their own capital -- and that of trusting others -- into their own edge-cutting ideas, these guys plow ahead with smiles on their faces

Wednesday 3.13.13
Ted Bloomberg: $7.4 billion is not the finish line.

The Mutual Fund Store makes big moves: storming Manhattan, going big on Tamarac and quadrupling its disc jockey force
With John Bunch in charge and Warburg Pincus capital in the tank, the $7.4 billion RIA is making an honest effort at creating a national mass-affluent firm

Tuesday 2.19.13
All roads led to Silicon Valley as technology firms serving the financial advisory industry found their groove.

Top 12 crucial technology happenings affecting RIAs in 2012, Part 2
Silicon Valley woke up to the potential RIA business, a phenomenon perhaps best embodied by the meteoric rise of one youth-fueled venture -- and our No. 1 pick on this list

Tuesday 1.22.13
Shirl Penney: We're keeping the numbers small.

Dynasty Financial turns two, picks a new long-term goal and shows off $2 billion of SMA assets
The New York corner-office outsourcer guys leave plenty of room to grow but will never have Smith Barney numbers

Monday 12.17.12
Schwab held IMPACT in Chicago this year but really the city was already very much on the RIA map.

The case for Chicago as an epicenter of the RIA world
The rise of registered investment advisors here means the city, once viewed as a very secondary financial center to New York and the Bay Area, is coming into its own in a big way

Tuesday 12.11.12
The IMPACT production team went all-out to craft a dramatic backdrop for Bernie Clark's opening remarks.

The 2012 Schwab IMPACT conference comes off with a theatrical flair
Bernie Clark all but donned top hat and tails for a dramatic presentation of upcoming initiatives, and a last-minute celeb subbed for a famed basketball coach

Thursday 11.15.12
Todd Thomson lives on an evacuated island but decided to stay with neighbors and depend on generators.

How RIA business players in New York are roughing it through Hurricane Sandy
Principals at Dynasty, Envestnet and AppCrown are engaging in guerrilla tactics to brave near-impossible business conditions

Wednesday 10.31.12
Ron Carson: There was a lot more to [acquisitions] than we thought.

Ron Carson launches roll-up/TAMP-like venture with Envestnet, TD Ameritrade and Advizent as puzzle pieces
The biggest of LPL's affiliates shows a walk-before-run approach to inorganic growth

Monday 9.24.12
Meg Green: If you ask a question, I'm going to answer.

Sterne Agee makes its RIA custody debut after customizing for Meg Green's $650-million RIA
It started as 25 people with notepads and Southern accents surrounding the Royal Alliance-using Miami--based advisor principals

Wednesday 9.5.12
Palladiem founders Stephanie Mackara, Joseph Scavetti Jr., David Feldman and CEO Donald Robinson

After bringing in $500 million in first year, breakaway Lockwood execs set sights on bigger growth
Palladiem is now investing in a big sales talent to reap previously unsolicited clients

Friday 8.24.12
Sean Hanlon: It previously was VC-backed. We have it in our blood. We're owner-operators.

A $3.4-billion, TAMP-owning RIA buys Interactive Advisory Software, removing the VCs and plunking in a CEO
Engineer-by-training Sean Hanlon's unconventional purchase of IAS and its $33 billion of assets administered is worth keeping an eye on

Monday 8.20.12
When the fog lifts, San Francisco has a case to make.

Why the San Francisco Bay area is almost certainly the capitol of the RIA business
Companies like Schwab, Advent-Black Diamond and Salesforce are based here for starters -- but big wealth managers and lots of open-minded rich people clinch the matter

Monday 7.23.12
Michael Hull: There's no question we were going to be together.

Brothers reunite as a $3.8 billion ex-Graystone team forms its own RIA
Morgan Stanley Smith Barney's elite consulting unit pushed out the older brother based on alleged wrongdoing and his younger brother spearheaded a breakaway to rejoin him

Wednesday 7.11.12
Steve Onofrio: We needed the new wealth platform to enable a new business model.

SEI makes its play for big RIAs by doing some un-SEI things
The Oaks, Pa. TAMP, long doctrinaire about its closed approach, is taking big steps to open up but it still may not be enough, say some advisors and competitors

Tuesday 6.26.12
Steve Prostano: [SFOs] still don't want to invest in the business.

How WilmerHale is positioning its $3.3B-AUA RIA as outsourcer and owner in a $750-billion market
Silver Bridge, backed by the high-power law firm and headed by a former JPMorgan Chase division president, is exploiting the need of single-family offices to gain scale without merging to become multifamily offices

Monday 6.25.12
Jamie Price: I wouldn't jump to the conclusion that because E.F. Hutton was a wirehouse, we're going to build a wirehouse.

Frank Campanale's E.F. Hutton reboot starts to take shape as ex-Hutton executives sign on
The revived brand is very much a work in progress, says its once and future steward Jamie Price

Tuesday 6.12.12
Sheryl Rowling and Cheryll Lurtz sold rebalancing software to 100 RIAs in three years -- next stop, Capri, Italy

How Sheryl Rowling and Cheryll Lurtz turned a blistering walk-a-thon into Total Rebalance Expert
100-degree temps and company of an old friend with a knack for software coding blossomed into a business that has competitors on their toes

Friday 6.8.12
In the old days, it was all good to call an advisory publication 'Registered Representative'

Registered Rep. is finally changing its name
It'll be WealthManagement.com for online content and the print publication also gets a modified moniker

Thursday 5.17.12
Chad Clary (l.) and Dane Crunk channeled their West Texas clientele who run entrepreneurial businesses poised to capture the new oil boom.

Merrill Lynch PBIG team breaks away in tumbleweed country to better pursue next-gen oil fortunes
Chad Clary and Dane Crunk are bringing Dynasty Financial's technology to UHNW folks with dusty boots, deep tans and around $800 million of assets

Tuesday 5.8.12
Alex Potts: It's the biggest investment we've ever taken on.

With help from Envestnet and a former Genworth technology whiz, Loring Ward is revamping its TAMP platform
The San Jose firm is counting on competitors and former talent of competitors to make sure it spends its millions efficiently

Tuesday 5.8.12
Stuart DePina: Right after the deal was announced, we signed a $10 billion RIA who wasn't an Envestnet client.

As it closes its $54-million purchase of Tamarac, Envestnet details plans to deploy $7 million worth of retention incentives
The big outsourcer says it wants Tamarac's execs to stay aboard -- and not just for the a few months

Thursday 5.3.12
Jim Lumberg: People get fixated on reports.

Never mind Tamarac, Envestnet is getting RIAs on board with its own stand-alone software
Four principals of RIAs sized $25 million to $2 billion in AUM talk about why they just switched to Vantage from other providers

Monday 4.16.12
James Carney: The cost of [paying] us versus what they get [in revenues] is a rounding error.

ByAllAccounts doubled advisory assets aggregated to $400 billion in 2011
New partners like Redtail Technology, Envestnet and AssetBook helped pave the way

Monday 3.12.12
John Coyne: It wasn't that we had a problem with performance. The industry had a problem with performance.

With formerly hot TAMP category hitting a cold patch, Envestnet stays on a roll
Genworth had great annual results but hit an asset-gathering wall this summer; Brinker, a dark horse, makes solid showing

Friday 3.9.12
Bill Crager: I think advisors are going to want something more end to end...we think that's going to be a competitive difference.

Can the new Envestnet-Tamarac Godzilla take on the Advent-Black Diamond King Kong?
Tamarac has trusted relationships with several hundred RIA firms who might like outsourced investments on their dashboard

Tuesday 2.21.12
Jud Bergman: We value their market position within the independent RIA segment which is core to Envestnet’s growth initiatives.

Big deal: Envestnet will acquire Tamarac for $54 million
The big Chicago outsourcer nabs the fast-riser in the RIA software business and one competitor says: "now what?"

Thursday 2.16.12
Michelle Smith is looking for ways to handle growth.

Dynasty Financial and Black Diamond combine to pick off a big family office helmed by women
Alexandra & James Wealth Management uses the duo to replace Fortigent as it nears $1 billion of AUA

Friday 1.20.12
Milton Ezrati: You don't need absolutely good news.

How Bob Doll, Milton Ezrati and Tony Crescenzi see brightness in the murky 2012 outlook
The heavy hitters offered encouragement to advisors on Envestnet conference call

Tuesday 1.10.12
Andrew Salesky: We're very optimistic with the ability to build this model.

The 10 most influential figures in the RIA business going into 2012
The RIA power elite: Part 1 of 2

Tuesday 1.3.12
Jud Bergman: We've been working to bring opportunities to the fore.

With FundQuest off its plate, Envestnet is ready for a helping of new deals
The Chicago outsourcer has IPO cash, deal experience and an appetite for growth

Friday 12.16.11
Ed Swenson: This is the big bang.

Attack of the killer app: Dynasty targets the corner-office broker by combining Envestnet and Callan
Cheap research, big manager access and smooth technology may prove a magnetic force

Monday 12.5.11
David Lindenbaum : Our platform is growing and is being used in a way that helps the largest clients of our RIAs

Schwab steals a big chunk of SMA market share from wirehouses, according to new Cerulli data
Taking Wells Fargo's No. 4 spot in the SMA pecking order, the San Francisco dark horse is looking to advance still further

Thursday 11.10.11
Bill Crager: So many advisors dialed in. We realized there was great demand for timely information and analysis that was easily accessible.

With fear ruling the markets, Envestnet makes a temporary conference series into a semi-permanent one
The Chicago company is also opening the call to any advisor - regardless of whether they do business with its TAMP

Tuesday 9.27.11
Alan Carlisle: Between Orion and Envestnet, it came down to pricing.

Orion wins another RIA with $1 billion-plus in AUM
Hanson McClain is switching over from Schwab PortfolioCenter and Envestnet was the runner-up

Thursday 9.22.11
Scott Welch says his company's success can be attributed to putting manager research and reporting under one roof.

How Fortigent got $50 billion on its platform by treating an RIA pain-point
The Rockville, Md.-based company was early in the high-end of the market but other outsourcers are catching on

Monday 9.12.11
Chip Roame: Envestnet has the opportunity to dominate wealth management technology.

Envestnet and Chip Roame forge stronger tie
The large outsourcer has installed the high-profile consultant on its board of directors

Tuesday 8.16.11
Brandon Thomas: Some clients say I don't care what my original target allocation is - I want risk off the table.

100 advisors convene with Envestnet's Crager and Stategas' Rissmiller to share strategies for managing the market turmoil
Some clients are doubling down on equities

Thursday 8.11.11
Jud Bergman: They were FundQuest clients. The vast majority had no access to PMC.

Why exactly Envestnet bought an investment manager that already sat on its platform
The $24 million purchase means FundQuest advisors will have direct access to PMC funds and avoids 'customer inducement costs'

Monday 8.8.11
Larry Roth: We're attracting more interest and more advisors [than at any time] since I've been in the business. It's not luck. It is our size, scale and platform.

Larry Roth has AIG playing offense again in the advisor game
The CEO is looking for big acqusitions and ways to compete for big RIAs

Friday 7.22.11
Jim Lumberg: Our ambition is to become the leading provider of aggregation performance reporting and billing solutions in the marketplace, and we’re investing accordingly.

Envestnet unbundles portfolio management software for RIAs and it won't be a sideshow
The Chicago firm serves 19,000 TAMP clients with technology, now it wants to take on Advent/Black Diamond

Wednesday 7.6.11
Elliot Weissbluth: I can tell [advisors] life is better for you outside of the wirehouse and I didn’t know this fact three years ago.

HighTower dangles array of hedge funds to lure breakaways
Wirehouses have nothing on independents when it comes to access to hedge funds, firm says citing three-year study

Thursday 6.23.11
Dave Welling may play a pivotal role in whether Advent's Black Diamond acquisition makes the combined entity more like the Google or Microsoft of portfolio management systems.

Five recent articles that show the RIA business just keeps hitting milestones
Advent buys Black Diamond, Carson goes RIA, Duran champions consolidation, Schwab goes full-out into franchises, Brightscope grades RIAs

Tuesday 6.21.11
Bruce Levitus is betting that a $2 million first-year hit will pay off in gains longer term.

AIG's Advisor Group introduces a 100%-payout for big RIAs as part of a massive revamp of its fee-based platform
The company is seeking to address the issue of having 65% of its advisors still managing assets themselves rather than using managers

Thursday 6.9.11
Bill Crager: Business is very good.

Envestnet and other TAMPs keep the asset train rolling in the first quarter
Genworth had a rare deceleration in net flows but it'll be short-lived after a new product launch, according to Gurinder Ahluwalia

Thursday 5.19.11
Tony Sirianni: “The big firms don’t see the value in (branch managers), which is crazy because that’s how they built themselves.”

Former MSSB exec powers up Washington Wealth Management as branch-manager franchise
RIA structured as an independent branch network rises in Virginia's horse country on Fidelity platform

Monday 4.11.11
Lori Hardwick: RIAs require a much longer sales cycle.

Envestnet to zero in on RIAs and family offices
Two new hires from Fidelity's National Financial and Fortgent LLC reflect the outsourcer's strategic direction

Monday 3.28.11
Gurinder Ahluwalia : We’re Trader Joe’s and they’re WalMart.

TAMP assets came easily to Genworth, Envestnet and Loring Ward in 2010 and the fourth quarter sizzled
Giant SEI had a big turnaround but ended on a down quarter

Thursday 3.10.11
Bill Crager of Envestnet: "There was a lot of momentum toward the fiduciary standard. Now the implications find their way throughout the industry."

(Updated) Groundbreaking SEC study would smash old regulatory system, creating fiduciary brokers and more regulated advisors
Controversy and conflict emerge as SIFMA, Schwab and others begin to react

Monday 1.24.11
Mike Henkel: There’s a recognition of the breakaway movement.

Envestnet deepens relationship with PIMCO, BlackRock and other big guns of investment management
Wirehouse broker demand and the TAMP's critical mass help usher in the changes

Wednesday 1.5.11
Mark Hurley touched a nerve in 2010 by questioning the enterprise value of RIA practices.

The next 20 top stories and what they say about where the RIA business is headed
Big companies, big innovators, exclusive conferences and the 401(k) market riveted advisor attention

Wednesday 12.29.10
RIAs happily got to the nuts and bolts issues of building their practices and a better industry in 2010

The top 20 RIABiz articles in 2010 and why they were so important to readers
Schwab, Fidelity, DFA, LPL, Envestnet and the 401(k) market dominated the headlines this year

Monday 12.27.10
Ron Fiske: Bachelorhood is overrated.

(Updated) Ron Fiske comes aboard at Envestnet as company unveils its grander technology vision
The former high-level advisory exec at Fidelity will sit at the right hand of Bill Crager and court RIA custodians

Monday 11.29.10
Marion Asnes: I want to be in a world that’s growing, and Envestnet is in a market that’s spectacularly growing.

(Updated) Envestnet hires Marion Asnes to tackle its marketing challenge
Financial Planning's editor-in-chief seeks to make the outsourcer's 'subtle' attributes 'explicit'

Monday 11.1.10
Mike Henkel: We looked at [traditional hedge funds and LPs] and said: It just doesn’t make a lot of sense.

Genworth, SEI and Envestnet make alternative investments moves amid 'huge interest'
The big TAMPs are reacting to advisor demands as hedge fund assets swell to near record levels

Thursday 10.21.10
Matthew Judge: Breakaway brokers don't want to explain to brokers why they can't have the same separate account managers.

TD Ameritrade paves the way for breakaway books of business to transfer intact
PlaceMark deal modifies unified managed account platform so advisors can plug in their former wrap managers

Wednesday 9.15.10
Bill Crager has a tiger by the tail, according to a new Morgan Stanley report

Morgan Stanley report: Big deals will propel Envestnet's growth much faster than investors realize
Envestnet has already wired deals that will add $8 billion of assets in the fourth quarter alone, according to the report

Wednesday 9.8.10
Jud Bergman: "There will be opportunities that we want to take advantage of to accelerate that growth."

How Envestnet may use its IPO to speed growth
The IPO cash positions it for capital-intensive deals and acqusitions, but the big TAMP may not be rushing in to anything

Monday 8.16.10
Craig Gordon is making sure that the Royal Bank of Canada gives RIAs all benefits of scale enjoyed by the company's staff brokers.

8 ways that the RIA business is achieving scale at breakneck speed
IPOs, venture capitalists, RIAs and big corporations are all spending heavily to make it easier for RIAs to become big business

Wednesday 8.4.10
Bill Crager: There's real business happening in the RIA market.

[Updated] 10 reasons why the Envestnet IPO filing is for real
The platform giant has a monopolistic position and the opportunity to pull away

Thursday 7.29.10
RIAs continue to rise above the landscape and capture notice from across constituencies

What happened in June shows that RIA fortunes stayed on the rise
The giant legislative victory was a landmark for RIAs but much more happened as Spring turned to Summer

Friday 7.2.10
Bill Crager: We do have a very large presence in the broker-dealer market, but most of the fiduciary work we've built will be delivered to the RIA market initially.

Envestnet is honing its business model -- and message -- as it drives toward an IPO
The giant product clearinghouse is recasting itself as a purveyor of fiduciary process

Wednesday 6.30.10
Mike Apker: We want advisors to think of us as a full outsourcing partner.

Envestnet buys a company to gain an edge with Schwab RIAs
The big TAMP's purchase is a move toward more generalized outsourcing

Monday 6.14.10
Kevin Crowe: We’re operating on a model that looks like we did 10 years ago.

After a decade of unsteady results, SEI Investments is attracting financial advisors again
Wayne Withrow is taking a patient approach to growth that is helping the TAMP to regain trust among advisors

Tuesday 1.19.10
advertisement

From the RIABiz Directory »

The Industry Sourcebook for RIAs

RIABiz
Archives »

2013:
   May
   April
   March
   February
   January
2012:
   December
   November
   October
   September
   August
   July
   June
   May
   April
   March
   February
   January
2011:
   December
   November
   October
   September
   August
   July
   June
   May
   April
   March
   February
   January
2010:
   December
   November
   October
   September
   August
   July
   June
   May
   April
   March
   February
   January
2009:
   December
   November
   October
   September
   August

By Author:
   Brooke Southall
   Lisa Shidler
   Dina Hampton
   Kelly O'Mara
   Heather Underwood
   Nevin Freeman
advertisement

Common Tags »

Schwab (338)
Fidelity (247)
TD Ameritrade (207)
LPL (130)
SEC (125)
Pershing (121)
Merrill Lynch (100)
Advent (88)
Black Diamond (84)
FINRA (84)
Tim Welsh (77)
HighTower (75)
Envestnet (68)
MarketCounsel (68)
Brian Hamburger (65)
Focus Financial (63)
Les Abromovitz (57)
Ron Rhoades (54)
Nexus Strategy (49)
Bernie Clark (49)
Mark Tibergien (48)
401(k) (47)
Mike Durbin (46)
Tamarac (46)
Raymond James (45)
United Capital (43)
Charles Goldman (43)
UBS (42)

Most Emailed Stories »

Read 
Story » Grant Barger: Any prospect should ask: What is your purpose?5 questions advisors must prepare to answer to remain relevant Read 
Story » Mark Tibergien: It's been a dream of ours.Pershing and BNY Mellon unveil a unified, 'dream' RIA and bank custody unitRead 
Story » Jeffrey Concepcion: I'd tell you the biggest victory was the vindication and comments from former co-workers.How Jeffrey Concepcion manned up after FINRA and Lincoln Financial troubles to become an LPL giantRead 
Story » Jennifer Ingham: The B-D relationship is needed because in the RIA world of investments for corporate retirement plans. many funds still pay some sort of revenue sharing.Why a $1-billion Fidelity RIA is placing LPL at the heart of its 401(k) businessRead 
Story » Steve Lockshin: I think we were surprised at the resistance from the entire industry.What led to Advizent's end and why Steve Lockshin is unfazed, even energized