Latest news with #ChrisTodd
Yahoo
03-07-2025
- Business
- Yahoo
Envestnet spins off Yodlee to private-equity firm
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Wealth technology platform Envestnet is offloading data aggregator Yodlee to private-equity firm STG, the company said last week. Financial terms of the deal were not disclosed, but Envestnet bought Yodlee for roughly $610 million in 2015. The transaction is expected to close in the third quarter. Rumors that Envestnet had been looking to sell Yodlee have persisted since the end of 2023. Envestnet went private last year when Bain Capital and Reverence Capital bought the firm for roughly $4.5 billion. Envestnet CEO Chris Todd called the transaction the 'first step in our value creation plan as a private company, [which] will allow Envestnet to focus more deeply on its core connected wealth management platform, advanced insights and comprehensive solutions." Advisers will retain access to Yodlee's data aggregation technology through a continued partnership with Envestnet, Todd said. 'Yodlee sits at the intersection of trusted data access and intelligent analytics,' Marc Bala, managing director at STG, said in a statement. 'It has built deep integrations across the financial ecosystem and earned the confidence of the world's leading banks, asset managers and wealth platforms.' Envestnet, for its part, has seen a fair bit of fluctuation among its C-suite in recent years. Todd was named CEO in January, replacing interim chief Jim Fox. Fox, in turn, took the reins from co-founder Bill Crager, who stepped down in March 2023. Crager led the company after fellow co-founder Jud Bergman died in a car crash in 2019. Elsewhere in the C-suite, Envestnet tapped BlackRock alum Joshua Warren as its CFO after predecessor Pete D'Arrigo left the firm in September 2023. Yodlee, meanwhile, competes with the likes of Plaid. The purchase by STG is meant to help Yodlee 'operate with greater agility to pursue innovation and capitalize on emerging market opportunities,' according to a press release last Wednesday. 'Backed by enhanced investment and a leaner operating model, Yodlee expects to accelerate speed-to-market and deliver next-generation solutions across the open finance ecosystem,' the company said. STG counted more than $12 billion in assets under management as of March, according to the release. Recommended Reading Primis to sell some of its stake in medical fintech 登入存取你的投資組合
Finextra
26-06-2025
- Business
- Finextra
Envestnet to sell open finance business Yodlee to PE firm STG
Envestnet is selling its open finance and data analytics unit Yodlee to private equity firm STG. Financial terms of the deal were not disclosed. 1 Yodlee was founded in 1999 as an account aggregation specialist, scraping together consumer financial data from thousands of sources for clients, including banks. Wealth management technology provider Envestnet bought Yodlee in 2015 in a cash and stock deal with an enterprise value of around $590 million. Now it is offloading the business to STG, the PE firm focused on software, data, and analytics providers. STG says it will use its transformation experience to help Yodlee deliver increased value to clients, while the move is also designed to give the firm greater agility. "This transaction is the first step in our value creation plan as a private company and will allow Envestnet to focus more deeply on its core connected wealth management platform, advanced insights and comprehensive solutions," says Chris Todd, CEO, Envestnet. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.
BBC News
11-04-2025
- Politics
- BBC News
New Humberside neighbourhood police officers after £3.2m grant
Humberside Police is to recruit 38 new neighbourhood policing officers after receiving £3.2m from the and Crime Commissioner Jonathan Evison said public surveys showed local policing was people's "top priority"."The extra officers will support the Chief Constable's and my own priorities of strengthening our local policing presence further and deepening community engagement with the public and local businesses," he money is from a national £200m Home Office funding scheme. The force's new Chief Constable Chris Todd said: "I welcome this news of the government's additional funding into neighbourhood policing as this remains a crucial part in how we engage with members of the public and connect with the communities we serve."Neighbourhood policing and officers on the streets are a vital part of building trust and confidence and helping to keep our communities safe, so I am delighted this investment will strengthen local policing even further."Listen to highlights from Hull and East Yorkshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
Associated Press
18-03-2025
- Business
- Associated Press
Envestnet Elevate 2025: Katty Kay, Allistair McCaw & Dennis Moseley Williams Announced as Keynote Speakers--Along with a Very Special Guest
Industry-Acclaimed WealthTech Conference Brings Together Thousands of Financial Advisors, RIAs, Enterprises & FinTech Leaders To Drive the Future of Wealth Management in Las Vegas on April 9-10, 2025 BERWYN, Pa., March 18, 2025 /PRNewswire/ -- Envestnet has unveiled the accomplished keynote speakers who will be addressing thousands of attendees at Envestnet Elevate 2025, taking place on April 9-10, 2025 at the Venetian Resort Las Vegas in Las Vegas, NV. Register now to attend Envestnet Elevate 2025. 'Envestnet Elevate has set the industry standard, bringing together advisors, home offices and partners to unlock the full potential of their business through cutting edge technology, tools and professional advice. Attendees will leave with practical strategies to deliver advice that is more holistic, and ways to differentiate their practice to better serve the needs of high-net-worth clients,' said Envestnet CEO Chris Todd. 'This year's lineup of keynote speakers are experts in business growth, delivering exceptional client experiences, leadership and developing a champion mindset. Alongside executives from across Envestnet, they will provide invaluable insights to help attendees thrive in today's competitive landscape.' Envestnet Elevate 2025 Keynote Speakers Include: Katty Kay, noted journalist who serves as U.S. Special Correspondent for BBC News, Contributor to MSNBC, and Host of the podcast The Rest Is Politics U.S. She is also co-author of the New York Times Bestselling books The Confidence Code: The Science and Art of Self-Assurance—What Women Should Know and Womenomics. Opening the conference on Wednesday, April 9 at 8:30 a.m. PDT, Ms. Kay will interview Envestnet CEO Chris Todd on stage about what the future holds, and how advisors can help their clients and their practices stay one step ahead. Allistair McCaw, one of the leading figures in leadership, team culture, and mindset, and a five-time duathlon world champion. He is an author of eight bestselling books on optimizing individual and group potential, including Habits That Make A Champion and Champion Minded: An Athlete's Guide to Achieving Excellence in Sports and Life. Mr. McCaw is also a sought-after consultant on leadership by many corporations, professional sports teams, college and university athletic programs, and more. He will be speaking on Thursday, April 10 at 4:15 p.m. PDT. Dennis Moseley Williams, a strategic consultant and coach dedicated to helping business owners build a sense of belonging, create a cult-like following, increase revenue, and save marketing dollars. He works with entrepreneurs to shift their thinking so they can see the world differently, and make a dent in it. Mr. Williams is scheduled to speak on Thursday, April 10 at 9:40 a.m. PDT. Additionally, a very distinguished guest will deliver a special keynote address to close out the first day of the event on Wednesday, April 9 at 4:45 p.m. PDT. Elevate 2025 Agenda Highlights Serving High Net Worth Clients – Elevate features a jam-packed agenda to educate advisors about one of the industry's highest growth areas – serving and attracting high-net-worth (HNW) and ultra-high-net-worth clients. Sessions will focus on strategies for tax overlay, financial planning, direct indexing, and advanced portfolio customization, including alternatives and options. Attendees are invited to attend a pre-conference workshop focused on developing a HNW practice management strategy, and strengthening their practices to attract, engage, and retain HNW clients. RIA Spotlight – For RIAs, Elevate is more than a conference; it's an opportunity to learn actionable strategies, discover platform enhancements, and build relationships to propel business forward. Dedicated Tamarac sessions will provide a deep dive on the platform's trading, reporting, managed accounts and portfolio construction best practices and capabilities. RIAs can glean insights from Envestnet 'Super Users' who will provide tips and best practices for using the platform effectively. Pre-conference sessions include Tamarac University, a full-day training aimed at advisors who want to learn platform fundamentals along with deeper dives on trading, reporting, and managed accounts for advisors with existing experience on the platform. RIAs also won't want to miss an introduction to Envestnet's RIA Marketplace, a low-cost managed account program that can help evolve their business. To view the complete Envestnet Elevate 2025 schedule, please visit For members of the media (complimentary registration; lodging and transportation not included), please contact [email protected]. About Envestnet Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions—backed by industry-leading service and support. Serving the wealth management industry for 25 years with approximately $6.5 trillion in platform assets, Envestnet technology and services are trusted by more than one-third of all financial advisors. Many of the largest U.S. banks, wealth management and brokerage firms, and RIAs depend on Envestnet to help drive business growth and productivity—and deliver better outcomes for their clients. For a deeper dive into how Envestnet is shaping the future of financial advice, visit Stay connected with us for the latest updates and insights on LinkedIn and X (@ENVintel). Amy Norcini Envestnet
Yahoo
18-03-2025
- Business
- Yahoo
Envestnet Elevate 2025: Katty Kay, Allistair McCaw & Dennis Moseley Williams Announced as Keynote Speakers--Along with a Very Special Guest
Industry-Acclaimed WealthTech Conference Brings Together Thousands of Financial Advisors, RIAs, Enterprises & FinTech Leaders To Drive the Future of Wealth Management in Las Vegas on April 9-10, 2025 BERWYN, Pa., March 18, 2025 /PRNewswire/ -- Envestnet has unveiled the accomplished keynote speakers who will be addressing thousands of attendees at Envestnet Elevate 2025, taking place on April 9-10, 2025 at the Venetian Resort Las Vegas in Las Vegas, NV. Register now to attend Envestnet Elevate 2025. "Envestnet Elevate has set the industry standard, bringing together advisors, home offices and partners to unlock the full potential of their business through cutting edge technology, tools and professional advice. Attendees will leave with practical strategies to deliver advice that is more holistic, and ways to differentiate their practice to better serve the needs of high-net-worth clients," said Envestnet CEO Chris Todd. "This year's lineup of keynote speakers are experts in business growth, delivering exceptional client experiences, leadership and developing a champion mindset. Alongside executives from across Envestnet, they will provide invaluable insights to help attendees thrive in today's competitive landscape." Envestnet Elevate 2025 Keynote Speakers Include: Katty Kay, noted journalist who serves as U.S. Special Correspondent for BBC News, Contributor to MSNBC, and Host of the podcast The Rest Is Politics U.S. She is also co-author of the New York Times Bestselling books The Confidence Code: The Science and Art of Self-Assurance—What Women Should Know and Womenomics. Opening the conference on Wednesday, April 9 at 8:30 a.m. PDT, Ms. Kay will interview Envestnet CEO Chris Todd on stage about what the future holds, and how advisors can help their clients and their practices stay one step ahead. Allistair McCaw, one of the leading figures in leadership, team culture, and mindset, and a five-time duathlon world champion. He is an author of eight bestselling books on optimizing individual and group potential, including Habits That Make A Champion and Champion Minded: An Athlete's Guide to Achieving Excellence in Sports and Life. Mr. McCaw is also a sought-after consultant on leadership by many corporations, professional sports teams, college and university athletic programs, and more. He will be speaking on Thursday, April 10 at 4:15 p.m. PDT. Dennis Moseley Williams, a strategic consultant and coach dedicated to helping business owners build a sense of belonging, create a cult-like following, increase revenue, and save marketing dollars. He works with entrepreneurs to shift their thinking so they can see the world differently, and make a dent in it. Mr. Williams is scheduled to speak on Thursday, April 10 at 9:40 a.m. PDT. Additionally, a very distinguished guest will deliver a special keynote address to close out the first day of the event on Wednesday, April 9 at 4:45 p.m. PDT. Elevate 2025 Agenda Highlights Serving High Net Worth Clients – Elevate features a jam-packed agenda to educate advisors about one of the industry's highest growth areas – serving and attracting high-net-worth (HNW) and ultra-high-net-worth clients. Sessions will focus on strategies for tax overlay, financial planning, direct indexing, and advanced portfolio customization, including alternatives and options. Attendees are invited to attend a pre-conference workshop focused on developing a HNW practice management strategy, and strengthening their practices to attract, engage, and retain HNW clients. RIA Spotlight – For RIAs, Elevate is more than a conference; it's an opportunity to learn actionable strategies, discover platform enhancements, and build relationships to propel business forward. Dedicated Tamarac sessions will provide a deep dive on the platform's trading, reporting, managed accounts and portfolio construction best practices and capabilities. RIAs can glean insights from Envestnet "Super Users" who will provide tips and best practices for using the platform effectively. Pre-conference sessions include Tamarac University, a full-day training aimed at advisors who want to learn platform fundamentals along with deeper dives on trading, reporting, and managed accounts for advisors with existing experience on the platform. RIAs also won't want to miss an introduction to Envestnet's RIA Marketplace, a low-cost managed account program that can help evolve their business. To view the complete Envestnet Elevate 2025 schedule, please visit Media Information For members of the media (complimentary registration; lodging and transportation not included), please contact media@ About Envestnet Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions—backed by industry-leading service and support. Serving the wealth management industry for 25 years with approximately $6.5 trillion in platform assets, Envestnet technology and services are trusted by more than one-third of all financial advisors. Many of the largest U.S. banks, wealth management and brokerage firms, and RIAs depend on Envestnet to help drive business growth and productivity—and deliver better outcomes for their clients. For a deeper dive into how Envestnet is shaping the future of financial advice, visit Stay connected with us for the latest updates and insights on LinkedIn and X (@ENVintel). MEDIA CONTACTS: Amy Laura Simpson | JConnelly for Envestnetenvestnetpr@ View original content to download multimedia: SOURCE Envestnet Sign in to access your portfolio
