Top Portfolio Products: NASDAQ OMX Adds Two ETF Listings
MainStay adopts three funds from Cushing, including two focused on MLPs; more
Envestnet to Acquire UMA Firm Placemark for $66 Million
All-cash deal will result in bigger presence for Envestnet among regional BDs, with close to 2,000 strategies on its platform.
At Summit, Envestnet Unveils Education Portal for Advisors, Upgrade for Tamarac
Portal uses content from Vanguard, Putnam, Russell and Brinker; tech upgrade meant to enhance current client experience and help attract the "next generations of investors."
Top Portfolio Products: Goldman Launches Small/Mid Cap Value Fund
Meanwhile, Vanguard shares news on Windsor II, and LPL Financial adds features to its Portfolio Manager.
New Hire Roundup: Obama Taps Massad as CFTC Chief
Meanwhile, SEC named Gaunt chief of enforcement division’s municipal securities and public pensions unit, Rob Jasminski joined Citi Private Bank and more.
Envestnet Finds 20% Income Rise for RIAs Who Integrate Tech
The Envestnet | Tamarac white paper also found that registered investment advisors with some level of integration have almost twice the amount of assets under management as RIAs with the same size staff but no integration.
Envestnet to Acquire Prudential Bank Wealth Management Unit
The deal will solidify ENV’s presence in the bank channel, CEO Jud Bergman says. The $10 million-plus acquisition adds scale to its platform.
Envestnet Brings Holistic Wealth Management Platform to Symetra
Envestnet co-founder Jim Lumberg says the ability to see held-away client assets is a business-building opportunity for advisors.
Schwab, Envestnet Join Forces in Data Integration Deal
Advisors using the solution will see “dramatic gains” in their ability to serve clients and scale businesses more profitably, said Stuart DePina, group president of Envestnet | Tamarac.
Envestnet Closes on Prima Capital Acquisition
Prima’s Gib Watson becomes group president of Envestnet | Prima in latest expansion by Envestnet.