Envestnet, a wealth management solutions provider, has named Lori Hardwick, currently executive vice president of advisory services, as new group president of advisor services.
In her newly created role, Hardwick will be responsible for all relationship management and sales operations across the firm and will report to Bill Crager, president of Envestnet.
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Envestnet said that the restructure will allow the firm to align more closely with the needs of advisors.
As part of the restructure, all the Envestnet’s sales and relationship management teams, which include more than 100 client service staff, will become a part of Envestnet’s Advisor Services division.
Additionally, the change will see Envestnet boosting its regional sales teams that support advisors in the field from eight to 14 next year.
Meantime, the firm has promoted executives across the major business lines within the advisor services organization whose companies have been acquired by Envestnest.
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By GlobalDataThe promoted staff include Richard Dion, EVP, head of strategic partnerships (formerly with Placemark), John Harris, managing director, global sales manager (formerly with Oberon Financial Technology), John Phoenix, managing director, independent advisor network sales (formerly with Metamorphosis Money Management), Andrew Stavaridis, head of enterprise consulting (formerly with FundQuest as well as John Yackel, managing director, institutional business development (formerly with Prudential WMS).
Jud Bergman, chairman and CEO of Envestnet, said: "Streamlining our sales and relationship management teams will help us continue to effectively meet all client needs during our ongoing expansion."
