Envestnet Appoints Chris Todd as New CEO to Drive Growth and Innovation

Envestnet Welcomes Chris Todd as Chief Executive Officer

Envestnet, a prominent player in integrating technology with wealth management solutions, officially announced Chris Todd's appointment as their new CEO on January 21, 2025. Todd steps into this significant role at a time when Envestnet is intensifying its commitment to innovation within the financial technology sector, succeeding interim CEO Jim Fox.

With an impressive portfolio that includes over $6.5 trillion in platform assets and a network of more than 111,000 financial advisors, Envestnet is well-positioned to expand its influence in the wealth management industry. Todd arrives at the company during a pivotal phase, promising to enhance client outcomes and accelerate growth through strategic innovations.

Chris Todd previously served as CEO of UKG, recognized as one of the largest privately held software firms globally. His leadership at UKG emphasized a strong client-focused culture, leading to substantial business growth and client satisfaction. Todd has built a solid reputation for developing transformative strategies that yield significant value for clients, underscoring his suitability for his new role at Envestnet.

In a statement, Phil Loughlin from Bain Capital remarked, "Chris' appointment is an exciting milestone for Envestnet. With an incredible leadership team, we are ready to set ambitious goals for future growth."

Milton Berlinski, a key figure at Reverence Capital Partners, echoed this sentiment by highlighting Todd's knack for fostering innovation and creating high-performing teams. Berlinski believes Todd's leadership will successfully advance Envestnet's mission to empower wealth management firms.

Tom Sipp, Envestnet’s Executive Vice President, also expressed confidence in Todd's capabilities, emphasizing the company's readiness to embark on this new chapter under his guidance. Together, they aim to innovate, support financial advisors, and ensure outstanding outcomes for clients.

Upon his appointment, Todd expressed his admiration for Envestnet's team and the impact the company has on financial advisors, stating, "The company's dedication to providing tools and insights positions it as a trusted partner for financial advisors. I am excited to work with this talented team and our partners to elevate client experiences and drive innovation forward."

As Envestnet integrates resources from its recent acquisition by Bain Capital and Reverence, the firm is poised to leverage new expertise to meet the evolving needs of financial advisors. Under Todd's leadership, the objective is clear: deepen Envestnet's impact within the wealth management ecosystem while introducing pioneering solutions.

Envestnet has been shaping the wealth management landscape for over 25 years. Today, it serves more than 111,000 advisors across various sectors, including 17 of the largest U.S. banks and nearly all top-tier wealth management firms. This extensive reach demonstrates Envestnet’s vital role in driving efficiency and better outcomes for clients through its high-quality technology and services.

For more information about how Envestnet plans to shape the future of financial services, you can visit their official website at www.envestnet.com. To stay updated with their latest developments and insights, follow them on LinkedIn and X (@ENVintel).