Jonathan Linstra
Envestnet, the wealth management technology platform, has hired Jonathan Linstra as its first chief growth officer.
Linstra comes to Envestnet from Morningstar, where he was a managing director. His hiring, the firm says, is part of an ongoing "strategic evolution" toward a dual growth leadership model that "pairs scalable distribution with enterprise and RIA relationship management leadership to drive long-term value creation."
Last year, the firm pledged to invest $1 billion over the next five years to "transform the advisor experience" on its platform for broker-dealers, RIAs and institutional partners. The strategic shift followed a run of challenging years for the firm, which culminated in an agreement to be bought by Bain Capital in a transaction valuing the company at $4.5 billion.
To implement the new vision, Envestnet created the chief growth officer role and hired Linstra, who will report to CEO Chris Todd.
"In this role, [Linstra] brings unified leadership to key growth motions, harmonizing distribution, pipeline discipline, and go-to-market execution to drive growth across Envestnet's enterprise, Tamarac, and MoneyGuide platforms," the firm said in a statement.
Linstra is expected to operate in close partnership with Envestnet's enterprise and RIA relationship management organization, led by Andrew Stavaridis, chief relationship officer, who also reports to Todd and is responsible for driving growth, expansion and revenue of the firm's existing client base.
"Together, these roles form a tightly coordinated growth and relationship model, combining disciplined distribution execution with deep relationship management to ensure long-term trust, continuity, and value creation for clients," the firm says.
Linstra said his focus will be on helping advisors scale faster and operate more efficiently.
"Envestnet sits at the center of the wealth management value chain," Linstra said. "Winning in this next phase is about alignment, not accumulation — aligning people, platforms, and go-to-market execution around how advisors and clients actually work."
Pictured: Jonathan Linstra
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