Envestnet to reorganize into two business units
Envestnet announced an organizational structure designed to better position the company to drive innovation and continued growth, and deliver on its vision of creating the premier Financial Wellness Network. Key organizational changes include consolidating operations into two business units that will enhance the company's ability to meet evolving market imperatives. Envestnet Wealth Solutions, led by its Chief Executive Bill Crager, will focus on innovation and market growth of the company's wealth management solutions, which serve RIAs, independent broker dealers, banks and other financial institutions. Envestnet Data & Analytics, led by its Chief Executive Stuart DePina, will focus on continued development of Envestnet's data aggregation, enterprise data management and analytics offerings that support the company's wealth management, financial institution and fintech customers. Envestnet's data aggregation and personal financial management technologies are offered through the Envestnet Yodlee platform.