Envestnet

Envestnet fue fundada por Jud Bergman en 1999, ^{[ 9 ]} con Bill Crager como cofundador. ^{[ 7 ]} La oferta pública inicial de acciones de la compañía se presentó en la Bolsa de Nueva York y salió a bolsa el 28 de julio de 2010. Su precio fue de $9; en el extremo inferior del rango de $9–$10. Los principales suscriptores fueron Morgan Stanley , UBS AG y Barclays . La compañía recaudó $63 millones mediante la venta de 7 millones de acciones. ^{[ 10 ]}

En agosto de 2015, tres años después de adquirir Tamarac por 54 millones de dólares, ^{[ 11 ]} Envestnet adquirió Yodlee , ^{[ 3 ]} una empresa de análisis de datos basada en la nube que proporciona agregación de cuentas y diversos programas informáticos financieros, por 660 millones de dólares. ^{[ 12 ] [ 13 ]}

En ese mismo año, Envestnet también adquirió la plataforma de inversión en línea Upside en febrero y el proveedor de software de planificación financiera Finance Logix en mayo. La empresa declaró que su principal objetivo era impulsar las adquisiciones para ofrecer una gama completa de soluciones tecnológicas a los asesores financieros. ^{[ 14 ]}

En noviembre de 2017, la empresa presentó una plataforma Tamarac rediseñada. ^{[ 15 ]} Al año siguiente, BlackRock invirtió 123 millones de dólares para adquirir una participación accionaria del 4,9 % en la empresa. ^{[ 16 ]}

Después de que Bergman muriera en un accidente automovilístico en octubre de 2019, ^{[ 17 ] [ 18 ]} Crager asumió el cargo de director ejecutivo interino. ^{[ 19 ]}

In December 2019, Envestnet entered an agreement with JPMorgan Chase to protect Chase's customers' financial data through an API.^[20]

The company received controversy in 2020 when it was sued in a class action for its collection of consumer financial data. It filed a motion to dismiss in November of 2020, which was partially granted but partially denied by the court.^[21][22]

In March 2020, Crager was named permanent CEO after serving as the interim CEO since October 2019.^[23] In April 2024, Board chairman Jim Fox became interim CEO following Crager's departure.^[24]

Envestnet and Yodlee were sued in August of 2020 for collecting users' data without customer knowledge. The plaintiff, Deborah Wesch of New Jersey, accuses Yodlee and Envestnet of failing to "adequately protecting consumer data and have failed to put in place sufficient security protocols in the United States".^[22] Envestnet filed a motion to dismiss the lawsuit and successfully rid four of the ten claims, the remainder of which were not dismissed. Judge Sallie Kim of the United States District Court for the Northern District of California also ruled that the plaintiffs' alter ego claim lacked sufficient evidence to be justified; nevertheless, Judge Kim allowed the six remaining claims to be heard.^[21][22]

In July 2024, Envestnet agreed to be acquired by a consortium of investors for $4.5 billion. The buyer group included private equity firm Bain Capital, along with asset management giants BlackRock, Fidelity Investments, Franklin Templeton, and State Street Global Advisors.^[25]

On November 25, 2024, Envestnet announced that the Bain-controlled consortium had completed the purchase of the firm, in a deal valued at approximately $4.5 billion.^[5]

In 2025, the firm appointed Chris Todd to take the place of interim CEO Fox.^[26]

In June 2025, Envestnet announced the sale of Yodlee to the private equity firm, STG.^[27]