"The 2008 financial crisis and subsequent regulatory changes put a premium on identifying liquidity-related risks before they become a problem," said Andrew G. Arnott, president and CEO.
One negative consequence, according to Pocan, is the idea that robo advisors could be used as a primary source of advice by investors
Wincor Nixdorf provides information technology solutions and services to retail banks and the retail industry around the world, focusing the branch operations of both sectors, according to its website.
Envestnet will pay approximately $371 million in cash and issue approximately 6,084,000 shares of Envestnet common stock in the transaction
Launched in 1999, Financeware is currently used by more than 30,000 financial professionals with over $1 trillion of assets connected to nearly a million plans.