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Posted by on Jul 16, 2014 in AdvisorSharesADV

Do we work in an industry that defies physics?

Do we work in an industry that defies physics?

Where is Envestnet’s saturation point? By: Joseph Yoon, EVP of AdvisorSharesADV   We have all sat in chemistry class and participated in the exercise where you test for the saturation point of sugar or salt into water to build a solution. It is nothing amazing, but it is always an interesting exercise to watch as you wait for the point in which the water can no longer absorb any more particulate. Instead, it just floats along, part of the solution, but does not get incorporated. Watching the growth of Envestnet provides a similar feeling. It is hard to believe that this is a firm that is only 15 years old but as you look at its path of acquisition, the growth trajectory makes sense: 2001- Acquires PMC (portfolio manager) 2004- Acquires Oberon Financial (financial software) 2004- Acquires NetAssetManagement (financial software) 2011- Acquires FundQuest (fee-based managed services) 2012- Acquires Prima Capital (investment manager due diligence) 2012- Acquires Tamarac (portfolio management technology) 2013- Acquires WMS division from Prudential (wealth managed products)...

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