Envestnet Completes Acquisition Of Prima Capital Holding

Trade ENV now with

4/5/2012 2:17 PM ET

Technology-enabled wealth management solutions provider Envestnet, Inc. (ENV: Quote) said Thursday it has completed the acquisition of Prima Capital Holding, Inc.

Denver-based Prima's clientele includes seven of the top 20 banks in the U.S. by total assets, regional broker-dealers, trust companies and accounting firms.

Envestnet noted that its wealth management solutions will be enhanced with Prima's investment manager due diligence, research applications, asset allocation modeling and multi-manager portfolio to its existing customer base and to prospective customers.

Gibson "Gib" Watson, III, the founder, president and ceo of Prima will continue to head Prima's operations as Group President of Envestnet/Prima.

Click here to receive FREE breaking news email alerts for Envestnet, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 188 Articles Next>>

Editors Pick

Autodesk Results Miss Estimates; Cuts Outlook

Design software maker Autodesk, Inc. (ADSK) Thursday reported a 30 percent decline in earnings from last year, hurt by lower revenue and weaker margins. The company's quarterly earnings per share, excluding items, came in below analysts' expectations as did its quarterly revenue. At the same time,...

Dell Profit Drops 79% On Sluggish PC Demand

Struggling PC maker Dell Inc. said Thursday after the markets closed that its first quarter profit dropped 79% from last year, as revenue declined and margins deteriorated amid sluggish demand for personal computers. The company's quarterly earnings per share, excluding items, also came in way below analysts' expectations, but its quarterly revenue beat analysts' forecast.

Cisco Results Top Estimates

Cisco Systems, Inc., the world's largest computer networking gear maker, said Wednesday after the markets closed that its third quarter profit rose 14.5% from last year, helped by higher sales and a tax benefit. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales.