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]
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
New Treasury and IRS proposals would let employers add tax-free payroll contributions to the retirement accounts as advisors weigh the fit for client families.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
