Envestnet and Tifin, two firms at the forefront of wealth technology, are looking to reinforce their positions, with Envestnet adding a new C-suite leader and Tifin announcing a strategic global expansion.
On Monday, Envestnet announced it has appointed Sue Quackenbush as chief people officer, effective immediately. Quackenbush, who most recently held a similar role at Dynatrace, will oversee the company’s global people strategy, focusing on employee engagement, culture, and business alignment.
Her experience spans more than twenty-five years in talent strategy and acquisition integration, including leadership positions at Vonage and Presidio.
“Sue is a proven transformational leader who understands how to align people strategies with a growth-oriented culture,” said Chris Todd, chief executive officer of Envestnet, who stepped into the CEO role in January.
“As we continue to evolve our business and invest in our future, Sue’s track record of fostering employee engagement, operational excellence, and cultural cohesion will help us scale with purpose. I am thrilled to welcome her to Envestnet’s executive leadership team.”
Quackenbush said she looks forward to “aligning talent, culture and structure behind clear strategic goals,” and partnering across the business to “unleash our collective potential.”
The leadership change comes amid a period of ongoing change at Envestnet to reshape its business. In late June, the company announced the sale of its open finance and data analytics subsidiary, Yodlee, to private equity firm STG, with the transaction expected to close in the third quarter of 2025. The move is intended to position Yodlee for growth under new ownership while allowing Envestnet to focus on its core wealth management offerings.
Envestnet also recently expanded its alternative investment capabilities, introducing professionally managed model portfolios with semi-liquid alternative allocations and alternative ETFs. These portfolios, available through the company’s unified managed account platform, are designed to give advisors broader access to asset classes such as real estate, infrastructure, private equity, private credit, and hedge funds.
Dana D’Auria, group president and co-chief investment officer at Envestnet, said at the time: “Alternatives – including real estate, infrastructure, private equity, private credit and hedge funds – offer unique sources of return and the potential for higher yield and, in some cases, lower correlation to traditional assets.”
Meanwhile, TIFIN has launched a multilingual large language model innovation hub in India, part of its strategy to expand access to financial AI across global markets. The new team specializes in financial LLMs and multilingual capabilities, supporting TIFIN’s product development in the US, Spain, and India.
Uttung Malkan, chief operating officer for TIFIN India, said the initiative “expands our ability to do that – faster, smarter, and for more people globally.”
The news from TIFIN Monday comes on the heels of its recently deepened partnership with Concurrent Investment Advisors, which will use TIFIN’s AI-powered solutions to help advisors deliver more personalized guidance and improve investor outcomes. As part of the collaboration, the firms will work on marketing initiatives and content to engage retirement plan participants and highlight the value of comprehensive wealth management relationships.
In December, TIFIN announced its @Work platform is partnering with Concurrent Advisors to help deliver personalized financial solutions to employees.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
