The board of directors of Envestnet has appointed William Crager as the company’s chief executive. Crager, the company’s former president, had been serving as interim CEO since the accidental death of Envestnet founder and CEO Jud Bergman in early October 2019.
In other changes, Envestnet appointed Stuart DePina, who has served as chief executive of Envestnet Data & Analytics since January 2019, as its president.
James Fox, a board member since 2015, was appointed the company’s chairman. And Charles Roame, a director since 2011 and managing partner of Tiburon Strategic Advisors, was named vice chairman.
[More: When Envestnet and Apple pivoted]
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
