Inside Envestnet’s $1B Bet on Growth with CEO Chris Todd
Envestnet says it has a billion-dollar check to cash.
With more than one in three financial advisors using its services and some $6 trillion in cumulative assets, the Berwyn, Pennsylvania-based company has long been a giant in the wealth management world. After a $4.5 billion take-private deal in 2024, the company is looking to turn the page on a tumultuous few years that began with a failed bid to go private in 2022, followed by a reported attempt at a hostile takeover. A little over a year ago, Chris Todd, a serial executive and former CEO of the software development company UKG, took the helm, and now the company has announced a massive $1 billion investment over the next five years to help supercharge growth.
“It’s…
