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.
Envestnet to Acquire Tamarac for $54 Million; Gets Entrée to Higher-End RIAs
Portfolio technology provider Tamarac has 500 advisor firm clients; will become separate division within Envestnet, which will use available cash to fund the acquisition.
Envestnet to Acquire Prima Capital for $13.7 Million in Cash
Seller Broadridge says Prima is “profitable … but not core.” Prima CEO Gib Watson to run new business unit at Envestnet.
Top Portfolio Products: New PIMCO, State Street Funds
Plus other new products and portfolios are launched by Franklin Templeton, SteelPath, Brown and Envestnet.
Envestnet Closes on Acquisition of FundQuest
Envestnet, headed by Judd Bergman, pays $24 million for FundQuest; $8 billion added to Envestnet platform. FundQuest CIO Clift to become chief investment strategist at Envestnet|PMC.
Envestnet Launches Weekly Market Calls for Advisors
“Market Morning” conference calls will provide access to Envestnet, outside experts.