Envestnet’s board has named William Crager CEO, some six months after the platform provider’s co-founder and leader Jud Bergman was killed in a car accident. Crager, who became interim CEO in October, first worked with Bergman to start the Chicago-based company in 1999 and has been its president since 2002.
The board also said Monday that Stuart DePina will be the company’s new president. DePina has led Envestnet Data & Analytics for the past year and earlier led Tamarac, a company Envestnet bought in 2012.
“I am honored and humbled to lead Envestnet,” Crager said in a statement. “Having had the tremendous fortune to have partnered with Jud over the last 20 years, I am certain of our capabilities and the opportunity ahead of us. I also know the conviction and resolve Envestnet has to achieve it.”
Envestnet’s technology is used by some 100,000 advisors and 4,700 firms, including more than 40 of the nation’s 50 largest wealth management and brokerage firms, as well as 500 RIAs.