Chris Todd Takes the Helm at Envestnet as New CEO

Chris Todd, formerly the president of Kronos, has been appointed as the chief executive officer of Envestnet, a leading US-based wealth management software provider. His tenure will officially commence on January 21, 2025.

Todd steps into the role previously held by board chair James Fox, who had temporarily taken over following the resignation of co-founder Bill Crager in January of the previous year.

Based in Berwyn, Pennsylvania, Envestnet delivers comprehensive technology, data, and wealth management solutions to a vast network of over 111,000 financial advisers, wealth managers, registered investment advisers, and broker-dealers.

With assets surpassing $6.5 trillion, the firm’s platform offers a wide range of capabilities, including reporting, trading, client relationship management (CRM), financial planning, lending, and business intelligence.

Envestnet became part of Bain Capital last year through a $4.5 billion acquisition.

Before joining Envestnet, Todd spent four years at Ultimate Kronos Group (UKG), a major player in the software industry. He initially served as president and later took on the role of CEO. UKG emerged from the 2020 merger of Ultimate Software and human capital management (HCM) solutions provider Kronos Incorporated, where Todd had previously held the position of president.

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