Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Portfolio Construction

Envestnet Board Names Crager CEO

By Janet Levaux

X
Your article was successfully shared with the contacts you provided.

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. 

Other appointments announced Monday include Jamie Fox, a board member since 2015, as its new chairman. Earlier, Fox served as chairman, CEO and president of FundQuest, which Envestnet acquired in 2011. Charles (Chip) Roame, a board member since 2011 and the head of Tiburon Strategic Advisors, is the board’s new vice chairman. 

“I want to commend Bill for his ongoing dedication, vision and commitment to Envestnet while the board determined the appropriate leadership structure for the company,” according to Ross Chapin, interim non-executive chairman.

“I’m confident that Bill, Stuart and their team will lead Envestnet successfully into its next chapter, continuing to create value for clients, employees and shareholders,” added Chapin, who remains a board member.

— Check out Envestnet’s Bill Crager Urges Advisors to Be Prepared for the Worst on ThinkAdvisor.

Janet Levaux

@Think_JanetL

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.