How Envestnet may use its IPO to speed growth
The IPO cash positions it for capital-intensive deals and acqusitions, but the big TAMP may not be rushing in to anything
Jeff Spears
Reads like Envestnet is trying to out Merrill Lynch, Merrill Lynch. “Yes we are open, BUT” $8.5 billion of PMC’s $11 billion are invested in proprietary funds.
I thought Dodd-Frank was encouraging true open architechture.
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