Vanguard reads the room then launches new long ...

Brooke's Note: Stock-and-bond portfolios are making a comeback because, lo and behold, bonds are making a comeback, even municipal bonds. Stocks never went away. Bonds, sort of, did. We even had to endure arguments that alternative investments were – by …

John Wise is back in the RIA spotlight some 15 months after leaving InvestCloud, with new backing, a new vision, a new venture, a new brand and the same end-consumer – wealth managers.

Envestnet just spilled 63 pages of riveting details mostly related to a $70 bid for the company that it ultimately deemed a precarious temptation – especially with a Bain deal bird-in-hand.

Envestnet is writing off the final $96 million of Yodlee ‘goodwill’ as the ill-fated business unit drifts sideways, and the company clears the decks for a Bain Capital fresh start.