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Bain Capital may be set to buy Envestnet, ...

Bain Capital may be set to buy Envestnet, ...

July 09, 2024 - Daily Newsletter for RIABiz subscribers

BIG LEAP
John Connaughton: Taking Bain Capital deep into the RIA industry.
The famed New York City private equity firm already has big stakes in Carson Wealth and CI Financial and may be in the hunt for other acquisitions.
42 minutes ago Brooke Southall

Brooke's Note: Three of the big cliffhangers in the RIA business have a single common denominator. Can Carson Wealth thrive minus Ron Carson? Can CI Financial make its U.S.-based RIA rollup, Corient, prosper without massive funding subsidies? And can Envestnet …

SMARTX FACTOR
Courtney Robertiello will bring two decades of experience at Envestnet to bear …
The West Palm Beach, Fla., TAMP is getting Courtney Robertiello and Jacqueline Burke, and their staggering 29 years of experience for 'growth and innovation,' the company says.
Thursday 7.4.24 Alan Olsen and Brooke Southall

Brooke's Note: In the RIA journalism world you can hardly scroll a screen's length through email without stumbling on a TAMP development that is hard to ignore. Whether it's DFA becoming a TAMP, Envestnet seeking a CEO, Orion creating silos, …

PLEA DEAL
Matt Brown: If adopted broadly, this change in fees could save end-investors hu…
Matt Brown, CEO of alts platform, promises to bring feeder-fund access fees down to five basis points in some cases -- but needs broader help.
Tuesday 7.2.24 Brooke Southall and Oisin Breen

Matt Brown is lowering fees and raising hackles.

RETRO-CHIC
Natalie Wolfsen: I do believe this is a shift.
Eight months into her reign as CEO at the Omaha-based RIA software and investments powerhouse, Wolfsen is unleashing standalone rebalancing and risk software and tailoring pricing and service levels to match customer needs
Tuesday 7.2.24 Brooke Southall

Orion Advisor Solutions hired Natalie Wolfsen to solve how to make a series of acquisitions function as a single well-oiled machine with its existing enterprises.

MOST RECENT ARTICLES
Betterment is also bending to RIA needs • Wealthfront is in the black, thanks to cash • Altruist reveals where it makes its money • Rise, Wealthspire and Ascensus each add two executives • Compound hits $2 billion of AUM • CAIS slashes alts prices • BlackRock ups private debt sales to RIAs, through GeoWealth.
Dimensional Fund Advisors has traditionally targeted big RIAs and TAMPs but growth rate and margins have shrunk and this in-house TAMP play could help address both
State Street is still working on finishing touches but is building on its momentum after leaping from seventh to third in retirement asset management







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