CHICAGO, Oct. 7, 2015
/PRNewswire/ -- Envestnet, Inc. (NYSE: ENV), announces the book
launch of Success and Succession: Unlocking Value, Power, and
Potential in the Professional Services and Advisory Space,
an insightful look at leadership transition from the successor's
perspective co-written by Jay
Hummel, a senior vice president in the company's Advisory
Services group.
The book, published by Wiley, is now available wherever books
and eBooks are sold: http://tinyurl.com/Success-Succession
Written to outline the considerations and strategies that lead
to a better future for businesses, the book shares the insight of
both company founders and successors, including 27 executives from
the financial-services, accounting and legal industries, including
Fidelity's head of the RIA segment, Bob
Oros, Pershing Advisor Solutions Chief Executive Officer
Mark Tibergien, Schwab's head
of Advisor Services, Executive Vice President, Bernie Clark and Envestnet's President
Bill Crager.
Within the financial services space, independent advisors must
take proactive measures on succession to protect their own
financial security, retain clients and avoid the operational issues
that all too often accompanies such a drastic change. With a focus
on practical planning and execution, this guide provides strategies
that smooth the transition and can help the new leadership make
better business decisions.
In addition to the operational and financial issues facing any
succession, the book addresses the emotional toll any business
transition can take on individuals, colleagues, business partners,
family and friends.
Hummel and co-authors Tim
Kochis, founder of wealth management firm Aspiriant and
a 40-plus-year veteran of the wealth management industry, and
Eric Hehman, the chief
executive officer of Austin Asset who in 2014 completed a
seven-year transition plan providing for the retirement of the
firm's founder, give readers a framework for smoothing the process
and driving the best possible future of the business.
"We interviewed everyone from iconic thought leaders to the
heads of family-owned shops looking to shine a light on the various
stages of transition and highlight the real-world application of
these strategies," said Hummel. "We wanted to give readers
an inside look at what worked for these advisors, what didn't, and
what they wish they had thought of."
Passing the torch from the founder to successors is far from an
academic exercise, and not linear. Answers are hard to find, and
the process requires patience, creativity, and a willingness to try
again. Success and Succession shares unique
strategies for success from the perspective of incoming leadership
and a powerful message for business leaders.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is a
leading provider of unified wealth management technology and
services to investment advisors. Our open-architecture platforms
unify and fortify the wealth management process, delivering
unparalleled flexibility, accuracy, performance, and value.
Envestnet solutions enable the transformation of wealth management
into a transparent, independent, objective, and fully-aligned
standard of care, and empower advisors to deliver better
outcomes.
Envestnet's Advisor Suite® software empowers
financial advisors to better manage client outcomes and strengthen
their practices. Envestnet provides institutional-quality research
and advanced portfolio solutions through our Portfolio Management
Consultants group, Envestnet | PMC®. Envestnet | Tamarac
provides leading rebalancing, reporting, and practice management
software.
For more information on Envestnet, please
visit www.envestnet.com and follow @ENVintel
(https://twitter.com/envintel).
About Wiley
Wiley is a global provider of
knowledge and knowledge-enabled services that improve outcomes in
areas of research, professional practice, and education.
Through the Research segment, the Company provides digital
and print scientific, technical, medical, and scholarly journals,
reference works, books, database services, and advertising. The
Professional Development segment provides digital and print books,
online assessment and corporate learning services, and test prep
and certification. In Education, Wiley provides
education solutions including online program management services
for higher education institutions and course management tools for
instructors and students, as well as print and digital content. For
more information, visit www.wiley.com.
Contact:
Dana Taormina
JCPR
(973) 850-7305
dtaormina@jcprinc.com
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SOURCE Envestnet, Inc.