BERWYN, PA — Envestnet has announced Chris Todd as its new Chief Executive Officer, effective January 21, 2025. Todd succeeds Interim CEO Jim Fox and takes the helm during a key phase of innovation and growth for the company, which serves more than 111,000 financial advisors.
Todd joins Envestnet with a proven track record as a transformational leader. Most recently, he served as CEO of UKG (Ultimate Kronos Group), a global software leader for large-scale organizations. At UKG, Todd was recognized for fostering a culture of accountability and driving client-focused growth, earning respect for his ability to deliver innovative solutions and significant business impact.
“Chris’ appointment marks an exciting milestone for Envestnet’s next chapter,” said Phil Loughlin, Partner at Bain Capital. “The company’s leadership and capabilities make it well-positioned to chart an ambitious path forward under Chris’ guidance.”
Milton Berlinski, Managing Partner at Reverence Capital Partners, echoed this sentiment, adding, “Chris’ experience fostering innovation and building high-performing teams will enable Envestnet to empower wealth management firms with scalable, technology-driven solutions for their advisors and clients.”
Envestnet’s Executive Vice President, Tom Sipp, highlighted Todd’s alignment with the firm’s goals. “Chris’ reputation as a strategic leader and culture builder is exactly what we need at this stage. Together, we’ll advance innovation, support advisors, and deliver exceptional client outcomes.”
Expressing enthusiasm for his new role, Todd said, “Envestnet has established itself as a trusted partner to financial advisors, providing the tools they need to deliver superior outcomes. I look forward to working with the talented team at Envestnet to drive innovation, enhance the client experience, and shape a forward-thinking future.”
The appointment comes shortly after Envestnet’s acquisition by Bain Capital and Reverence Capital Partners. With support from its new stakeholders, Todd’s leadership is expected to enhance the company’s impact on the wealth management ecosystem, delivering advanced solutions to adapt to the evolving needs of financial advisors.
Todd also praised the legacy of Envestnet’s founders, Jud Bergman and Bill Crager, recognizing their forward-thinking vision that built the firm into an industry leader. Under his leadership, Envestnet is poised to strengthen its role as an essential partner for wealth management firms worldwide.
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