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Tom Sipp

Envestnet EVP

Tom Sipp is an accomplished executive in the financial technology sector, currently serving as the Executive Vice President of Business Lines at Envestnet, Inc. He plays a pivotal role in the growth and alignment of Envestnet's fiduciary solutions, overseeing its research, overlay, and portfolio management teams. Sipp has been instrumental in integrating various services and enhancing the company's wealth management platform, which boasts significant metrics such as $6 trillion in assets under administration (AUA) and over 20 million client accounts.124

Background and Experience

Sipp co-founded Magis Capital Partners and previously held the position of Chief Financial Officer at Sculptor Capital Management. His extensive career includes senior roles at major financial institutions like Credit Suisse, where he served as Global Chief Operating Officer for Wealth & Asset Management, as well as positions at Fidelity and Gartmore. His educational credentials include a Bachelor’s degree in Finance from Alfred University and an MBA from the University of Pittsburgh Katz Graduate School of Business. He is also a Chartered Financial Analyst (CFA) and actively participates on the boards of various Envestnet exchanges.245

Recent Contributions

Recently, Sipp has been involved in discussions regarding Envestnet's strategic direction following its acquisition by Bain Capital for $4.5 billion. He emphasized that this partnership aims to enhance the company’s market position rather than implement cuts or restructuring.3 Additionally, he has been vocal about Envestnet's commitment to integrating its services to provide a seamless experience for financial advisors and their clients, focusing on holistic financial planning solutions.15

Sipp's leadership is characterized by a focus on innovation and strategic partnerships, which are crucial for navigating the competitive landscape of wealth management technology.34

Highlights

Jun 13 · linkedin

I am excited to share that Envestnet is expanding our long-standing relationship with Fidelity Investments to offer greater opportunities for advisors to optimize their workflows. This will be achieved through advanced technology and services available via the Fidelity Managed Account Xchange® (FMAX). https://lnkd.in/eJk2GKQN

Together, we are enabling new and enhanced FMAX capabilities to serve a full spectrum of wealth management firms and advisors. These capabilities, which will continue to be delivered through Fidelity’s industry-leading service model and improved workflows offered through Envestnet, are designed to offer more holistic wealth management solutions and produce better, more comprehensive insights and reporting to provide more optionality for registered investment advisors (RIAs), broker-dealers, and family offices of all sizes.

This partnership allows us to offer a broader range of choices and customized solutions at scale through our platform, ensuring advisors are better equipped to help meet their clients' needs and grow their business.

Jun 10 · linkedin

Excited to announce that Envestnet is opening our UMA platform to asset managers BlackRock, Fidelity Investments, Franklin Templeton, and State Street Global Advisors! Together, we will provide 109,000 advisors on the Envestnet platform with custom-tailored strategies in areas like Direct Indexing, High Net Worth Consulting and Strategist UMA designed to address specific financial goals, risk tolerance, and personal circumstances of individual investors. We believe this initiative will not only enhance the capabilities of our advisors but also drive mutual growth through investment, collaboration, and targeted sales efforts.   These relationships will allow us to offer a broader range of choices and customized solutions at scale through our platform, ensuring advisors are better equipped to help meet their clients' needs and grow their business. Stay tuned for more developments in this space!   Learn more: https://lnkd.in/e2srScg7   #WealthManagement #InvestmentStrategies #Partnerships #FinancialAdvisors #Innovation #Envestnet

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Location

Dover, Massachusetts, United States