Envestnet (Ofer Abarbanel online library)

Envestnet (NYSE: ENV) provides unified wealth management technology and products to financial advisors and institutions.[3] Their flagship product is an advisory platform that integrates the services and software used by financial advisors in wealth management.[4]


Envestnet was founded by Jud Bergman in 1999, with Bill Crager as co-founder. The company’s initial public offering of stock filed on the NYSE and went public on 28 July 2010. It priced at $9; at the bottom of the range of $9–$10. The major underwriters were Morgan Stanley (MS), UBS AG (UBS), and Barclays (BCS). The company raised $63M by selling 7 million shares[5]

In 2012, Envestnet purchased Tamarac for $54 million.[6]

In August 2015, Envestnet acquired Yodlee, a cloud-based data analytics company that provides account aggregation and various financial software, for $660 million.[7][8] In the same year, Envestnet also acquired online investment platform Upside in February and financial-planning software provider Finance Logix in May.[7] Envestnet stated that their main goal was to drive the acquisitions to provide a full suite of technology offerings for financial advisers.[7]

In November 2017, the company introduced a redesigned Tamarac platform.[9]

Bergman and his wife, 57-year-old Mary Miller, were killed on October 3, 2019, when a 34-year-old woman crashed her Volkswagen into the taxi they were riding on Highway 101 in San Francisco, California. The woman, 34-year-old Emilie Ross, and the taxi driver, 42-year-old Berkant Ramadan Ahmed, were also killed in the crash. Ross was allegedly under the influence of alcohol and driving on the wrong side of the highway.[10][11][12] Crager took over as interim chief executive officer.[13]

In December 2019, Envestnet entered an agreement with JPMorgan Chase to protect Chase’s customers’ financial data through an API.[14]

In March 2020, Crager was named permanent CEO after serving as the interim CEO since October 2019.[15]


  1. ^“envestnet-tamarac-clients-surpass-12-trillion-collective-assets”.
  2. ^“Envestnet reports first quarter 2018 financial results”.
  3. ^“Envestnet Q1 earnings 2018 “.
  4. ^Malito, Alessandra. “Envestnet is the industry’s 800-pound tech gorilla”. www.investmentnews.com. Retrieved 2017-06-16.
  5. ^Renaissance Capital – IPO “Envestnet (ENV)”
  6. ^Shidler, Lisa (21 January 2013). “Top 12 Crucial Technology Happenings Affecting RIAs in 2012, Part 2”. United States: RIABiz. RIABiz LLC. Retrieved 13 February 2017.
  7. ^ Jump up to:ab c Malito, Alessandra. “Envestnet acquires data-analytics and account-aggregation company Yodlee”. www.investmentnews.com. Retrieved 2017-06-16.
  8. ^“Envestnet buys fin-tech company Yodlee for $590 million”.
  9. ^ “Envestnet adds easier document storage to Tamarac”. www.investmentnews.com. Retrieved 2018-01-12.
  10. ^Jud Bergman (1957–2019)
  11. ^4 die after wrong-way crash on San Francisco highway
  12. ^Envestnet CEO Jud Bergman, wife Mary Miller-Bergman killed in car accident
  13. ^“Envestnet founder and CEO Jud Bergman killed in automobile crash”. InvestmentNews. 2019-10-04. Retrieved 2020-09-23.
  14. ^“JPMorgan Chase, Envestnet l Yodlee Sign Agreement to Increase Customers’ Control of Their Data”. www.businesswire.com. 2019-12-05. Retrieved 2020-01-06.
  15. ^“Envestnet names Bill Crager CEO”. sjo3ekt.js. Retrieved 2020-05-29.

Ofer Abarbanel – Executive Profile

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library