logo
Share SHARE
FONT-SIZE Plus   Neg

Envestnet Completes Acquisition Of Prima Capital Holding

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Online retail giant Amazon.com Inc. (AMZN) is reportedly in talks to buy luxury online fashion retailer Net-a-Porter. The news of acquisition was first reported by Women's Wear Daily, which said the deal would be completed for about 2 billion euros, indicating the biggest acquisition yet by Amazon.... Tim Cook, the CEO of tech giant Apple Inc., in an interview said he intends to give away all his wealth to charity. Cook, in an interview to Fortune, said he plans to donate all his wealth to philanthropic projects after paying for his 10-year old nephew's college education. According to Fortune,... Is it a 'personal life crisis' that led the Germanwings' co-pilot Andreas Lubitz to deliberately lowering the plane carrying 149 people to French Alps mountain? Police is investigating to find evidences to prove this suggestion.
comments powered by Disqus
Follow RTT